Riversgold Limited has resolved all objections to its Mining Lease application for the Northern Zone Gold Project near Kalgoorlie, paving the way for imminent lease approval and advancing its partnership with MEGA Resources.
- All objections to Mining Lease M25/389 settled
- Lease covers Northern Zone Gold Project near Kalgoorlie
- Native title agreements finalised with Marlinyu Ghoorlie group
- Lease grant expected within weeks
- Key milestone for collaboration with MEGA Resources
Clearing the Path for Development
Riversgold Limited (ASX – RGL) has announced a significant regulatory breakthrough in its Kalgoorlie Gold Project with the resolution of all outstanding objections to its Mining Lease application M25/389. This lease covers the Northern Zone Intrusive Hosted Gold Project, located just 25 kilometres east of the iconic Kalgoorlie "Super Pit" in Western Australia.
The company confirmed it is now working closely with legal advisors to expedite the formal grant of the lease, which is anticipated within the coming weeks. This development removes a major regulatory obstacle that had previously delayed progress and signals a clear path forward for Riversgold's exploration and development ambitions in the region.
Navigating Native Title and Stakeholder Agreements
A critical component of this milestone was the finalisation of native title agreements with the Marlinyu Ghoorlie Native Title Claimant Group, completed late last year. These agreements are essential in Western Australia’s mining landscape, ensuring that Indigenous stakeholders are appropriately consulted and their rights respected.
Chairman David Lenigas highlighted the importance of this resolution, stating that settling the objections and native title matters clears the way for the Mining Lease grant, which will be a major milestone for the Kalgoorlie Gold Project plans, particularly in partnership with MEGA Resources.
Strategic Implications for Riversgold and MEGA Resources
The Northern Zone project’s proximity to the Golden Mile and the Fimiston open pit places it in a highly prospective gold region with a rich mining history. Securing the Mining Lease is a crucial step towards unlocking the value of this project, enabling Riversgold and MEGA Resources to advance exploration and potentially move towards development and production phases.
While the announcement does not detail immediate production or capital expenditure plans, the lease grant will likely enhance investor confidence by reducing regulatory risk and clarifying the project’s legal standing. It also sets the stage for further updates on exploration results and development timelines.
Looking Ahead
With the Mining Lease grant imminent, Riversgold is positioned to accelerate its activities in the Northern Zone. The company’s ability to navigate complex native title and regulatory processes demonstrates operational maturity and bodes well for future milestones. Investors and market watchers will be keen to see how this translates into tangible project progress and value creation in the months ahead.
Bottom Line?
The imminent grant of the Mining Lease marks a turning point for Riversgold’s Kalgoorlie ambitions, setting the stage for accelerated development.
Questions in the middle?
- When exactly will the Mining Lease M25/389 be formally granted?
- What are the next steps in project development following the lease grant?
- How will the partnership with MEGA Resources evolve post-lease approval?