Australia's Riversgold jumps after lodging tenement applications in WA

Riversgold

16/01/2023 02:39

** Shares of Australia's Riversgold Ltd  RGL.AX  rise as
much as 11% to A$0.030 - set to mark best day since Dec. 28,
2022, if gains hold
    ** Stock hits highest since Jan.9
    ** Exploration co says it has lodged applications for eight
additional tenements and acquired a exploration licence in the
Pilbara region of Western Australia
    ** Adds lithium will be the primary focus of exploration on
the new Pilbara ground, although the tenements also has gold and
copper mineralisation
    ** In 2022, RGL rose 94.8%
    ** Stock has fallen 10% this year, as of last close
 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))