Riversgold soars on lithium tenement buys in Western Australia

Riversgold

09/08/2022 05:32

** Shares of mineral explorer Riversgold Ltd  RGL.AX  jump
as much as 26.7% to A$0.038, its best intraday gain since May 18
    ** Company acquires eight tenements highly prospective for
lithium in the Western Australian goldfields  urn:newsml:reuters.com:*:nASX3m0Whh
    ** Says the tenements are "highly prospective addition"
    ** Says exploration will focus on discovery of large
lithium-caesium-tantalum system
    ** Shares hit their highest since June 15
    ** More than 15 mln shares change hands, 5.8 times the
30-day average of 2.6 mln shares
    ** As of last close, shares up 94.8% this year

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))