Australia's Riversgold gains on rare-earths project JV with London miner

Riversgold

04/01/2023 24:24

** Shares of lithium explorer Riversgold Ltd  RGL.AX  rise
as much as 7.1% to A$0.03 
    ** Co says it has entered into a farm-in and joint venture
agreement with London-listed diversified miner Corcel Plc
 CRCL.L  
    ** Riversgold says deal will allow it to earn up to a 70%
interest in their Mt Weld REE project near Laverton in Western
Australia
    ** Under deal, Riversgold to pay Corcel a non-refundable
payment of A$30,000 ($20,190.00) on execution
    ** Adds that co aims to start drilling this quarter 
    ** Shares of RGL more than doubled their value in 2022
     ($1 = 1.4859 Australian dollars)
 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))