Australia's Riversgold jumps on securing option to buy lithium tenement

Riversgold

26/08/2022 06:28

** Shares of Riversgold  RGL.AX  soar as much as 45.7% to
A$0.05, their best day since May 18
    ** The mineral explorer says it has secured an option to buy
80% lithium rights of a tenement that is east of the Mt Holland
lithium mine in Western Australia  urn:newsml:reuters.com:*:nFWN3012HJ
    ** Co says tenement seen as highly prospective for lithium
in spodumene rich pegmatites
    ** Shares hit highest since May 23 
    ** Stock has risen more than two-fold this year as of last
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 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))