Riversgold Ltd (ASXRGL) non-executive director Ed Mead discusses with Proactive the company's strong recent assay results, including standout intercepts. The focus on oxide mineralisation and proximity to existing processing infrastructure offer clear operational advantages.
A new mining partnership with private group MEGA Resources is set to fast-track development. Mead explains that MEGA will fund the mining operations under a profit-sharing model—eliminating the need for Riversgold to undertake a traditional resource definition and large-scale capital raise. This strategy, according to Mead, "gets us to production a lot faster" while minimising shareholder dilution.
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