Australia's Riversgold Resources rises on additional lithium prospects find

Riversgold

30/03/2022 03:03

** Shares of Riversgold Resources Ltd  RGL.AX  rise as much
as 11.3% to A$0.059, set for best session in a week, if gains
hold
    ** The mineral explorer announces identification of
additional high-grade lithium prospects at Tambourah Lithium
Project, Western Australia  urn:newsml:reuters.com:*:nASX1q9hYJ
    ** Says evaluation of previous exploration results reveals
significant lithium values from rock chip samples collected by
Fortescue Metals  FMG.AX  between 2015 and 2020
    ** Adds that co will now follow up with field reconnaissance
to verify sampling conducted by FMG this week
    ** Stock has more than tripled this year, as of last close

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))