Riversgold Limited (ASX: RGL) has significantly bolstered its foothold in the Andover lithium region by securing an additional 189km² tenement (ELA 46/5072), strategically positioned 16.5km south of Azure Minerals Ltd's (ASX: AZS) noteworthy Andover lithium discovery. This acquisition fortifies Riversgold's presence adjacent to Azure's significant find. Moreover, the newly acquired tenement lies in close proximity, approximately 14.5km south, to Raiden Resources Limited's (ASX: RDN) Andover South lithium target, which has shown promising surface grades, reaching up to 3.8% Li2O.
Although obscured by shallow surface cover, ELA 46/5072 exhibits geological characteristics conducive to lithium mineralization. Riversgold has initiated comprehensive exploration efforts, deploying consultants to delineate potential prospects within this expanded Andover tenement portfolio. This strategic expansion aligns with the company's objective to further define the area's lithium potential and underscores its commitment to exploring and leveraging opportunities in the burgeoning lithium market.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 21, 2024
Nov 20, 2024
Nov 20, 2024
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
