TSN: The Stock Network@TheStockNet
Riversgold (ASX:RGL) has significantly expanded its Kalgoorlie Gold Project footprint, strengthening the long-term development pathway for the Northern Zone Project and enhancing infrastructure flexibility as the Company advances toward Mining Lease conversion. The expanded land position supports the next stage of project progression in a well-established WA mining region.
📍 Riversgold’s tenement package has increased by 820%, growing from 0.8km² to 6.75km², providing sufficient acreage to accommodate potential open pit infrastructure and future development requirements.
⚒️ Conversion of the Northern Zone tenement to a Mining Lease is well advanced and is expected in the coming weeks, marking an important milestone in the Project’s development timeline.
🏗️ Riversgold has entered into a Right to Mine and Co-Operation Agreement with MEGA Resources, under which MEGA will fund all development and mining activities on a 50/50 profit share basis, supporting a collaborative pathway forward.
Riversgold Technical Director @edward_mead commented:
“We are very pleased to announce that we have now secured tenements covering some 6.75km2, representing an 800%+ increase in the original footprint and more than enough acreage for our current needs. This expanded footprint provides long-term security of tenure for the Northern Zone Gold Project for the ultimate benefit of our shareholders and our partners.”
ASX announcement ⚡announcements.asx.com.au/asxpdf/2026022… @Riversgold_Ltd $RGL