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Riversgold Limited (ASX:RGL)

ALERT: Price-sensitive ASX Announcement for RGL
Current share price for RGL : $0.012 0.002 (20%)+
Announcement
Release
31 Jul 2026 5:01PM
Price at Release
$0.010
Full Release
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Summary
Riversgold Limited has released its Quarterly Activities/Appendix 5B Cash Flow Report for the quarter ending 30 June 2026. The company reported a net cash outflow from operating activities of $941,000, primarily due to exploration and evaluation costs. The Kalgoorlie Gold Project made significant progress with the grant of Mining Lease M25/389 and ongoing development efforts under a cooperation agreement with MEGA Resources. Notable results from drilling at the Northern Zone include assay results up to 71 g/t gold. The company holds various tenements in Australia and New Brunswick, Canada, and is preparing submissions for the Mine Development and Closure Plan as well as the Native Vegetation Clearing Permit. The financial overview indicates limited cash reserves, with plans to raise additional capital.
Key Points
  • Net cash outflow from operating activities: $941,000
  • Kalgoorlie Gold Project Mining Lease M25/389 granted
  • Cooperation agreement with MEGA Resources for Northern Zone
  • Drilling results up to 71 g/t gold at Northern Zone
  • Preparation of Mine Development and Closure Plan ongoing
  • Submission for Native Vegetation Clearing Permit pending
  • Limited cash reserves with plans to raise additional capital
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.