Riversgold Limited (ASX: RGL) is an Australian exploration company focusing on copper and gold discovery.
The Company’s diverse portfolio spans copper, gold, lithium, uranium, and iron ore projects in Western Australia’s Pilbara and Yilgarn regions, including key assets at Tambourah, Northern Zone, Andover, and Onslow South.
Since October 2023, Riversgold has streamlined its operations by reducing its tenement holdings from 55 to 19 and significantly cutting annual expenditure commitments from approximately $2.4 million to around $250,000. This strategic focus has created a more sustainable tenement portfolio centered on priority projects while maintaining a prospective portfolio across copper, gold, lithium, iron ore, uranium, and other base metals.
Project Summary
Tambourah (100%): Located in the Pilbara region, this project is highly prospective for copper, gold, lithium, and base metals. Significant copper-gold anomalism has been identified over 12 km, with notable rock chip results including 3.2 oz/t Au and 4.1% Cu.
Northern Zone (80%): This gold project, situated east of Kalgoorlie, is targeting an estimated 200-250 Mt at 0.4-0.6 g/t Au. Phase 2 drilling has more than doubled the prospective gold system, with the extent of the porphyries yet to be fully delineated.
Wodgina (100%): An iron ore and lithium project adjacent to Mineral Resources’ Wodgina Mine, featuring confirmed channel iron mineralisation.
Andover (100%): Lithium exploration projects near Raiden Resources Andover South and Azure Minerals Andover lithium discovery, with initial field programs completed.
Randalls North (100%): A gold project adjacent to Silver Lake Resources’ Mt Belches Mining Centre, exhibiting similar geology and structural trends.
Onslow South (100%): A uranium exploration project positioned near Cauldron Energy’s Yanrey Uranium Project and Paladin Energy’s Manyinge Uranium deposit.