What Riversgold does

Riversgold Limited (ASX: RGL) is an Australian mining exploration and development company founded in 2017 and headquartered in Subiaco, Western Australia. The company is focused on the discovery and advancement of gold and copper resources across a portfolio of five core projects: the Northern Zone Gold Project (bulk-tonnage porphyry-hosted gold, ~25 km east of Kalgoorlie), the Tambourah Project (copper-gold in the Pilbara region), the Saint John Project (multi-metal IOCG/porphyry in New Brunswick, Canada), the Wodgina Project (iron ore adjacent to Mineral Resources' Wodgina Mine), and the Onslow South Project (uranium near existing deposits). Its underlying technology is conventional for the sector, employing reverse circulation drilling, aircore drilling, oriented core diamond drilling, rock chip sampling, geological mapping, and drone magnetic surveys, supported by 1,903 metres of recent shallow drilling that returned a highest grade interval of 27.5 g/t gold at Northern Zone and high-grade rock chips of up to 101 g/t gold and 21.78% copper at Tambourah.

Riversgold is pre-revenue and monetises its portfolio through eventual production, partial or full asset sale, and joint venture or farm-in arrangements. Key partnerships include an 80% earn-in agreement with Oracle Power at Northern Zone (May 2023), an earn-in agreement with A.I.S. Resources granting up to 75% of the Saint John Project in exchange for CAD $4.4M of exploration spend over four years (September 2025), and a co-operation agreement with MEGA Resources enabling an 820% expansion of Kalgoorlie tenement holding to 6.25 km² (March 2026). The company raised $2.5M and $1.85M in capital during 2024 to fund drilling and resource definition.

Riversgold operates in tier-one mining jurisdictions with a streamlined portfolio of 19 tenements, following an October 2023 reduction from 55 holdings that also cut annual expenditure commitments from approximately $2.4M to $250K. Its customer base consists of joint venture and farm-in partners rather than end buyers, and its go-to-market motion centres on attracting partner-funded exploration to advance projects while retaining long-term equity exposure.

Name

Riversgold

Legal name

Riversgold Limited

Website

https://riversgold.com.au

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Riversgold Limited is an ASX-listed gold and copper exploration and development company operating five projects across Western Australia and New Brunswick, Canada, monetising through farm-in agreements and joint ventures with mining partners.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Gold Ore and Silver Ore Mining (212220), Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industries

Copper Exploration & Resource Development (IMAKADAA), Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

Keywords

• Gold exploration
• Copper exploration
• Mineral resource development
• Mining exploration services
• Base metals exploration

Headquarters

HQ city

Cottesloe

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Mineral Resource Development: Pre-revenue exploration company focused on discovering and advancing gold and copper resources. Revenue will be generated through eventual production, sale of projects, or joint venture arrangements where partners fund development in exchange for equity stakes.
2. Farm-in and Joint Venture Agreements: Riversgold earns ownership stakes in projects through exploration expenditure commitments. Examples include the Northern Zone Project (80% earn-in via Oracle Power farm-in) and Saint John Project (earning 75% to AIS Resources).

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Riversgold Limited is a pre-revenue mineral exploration and development company that discovers and advances gold, copper, iron ore, and uranium resources across Western Australia and Canada. The company monetises its portfolio through farm-in/joint venture arrangements, partial or full project sales, and eventual production, leveraging exploration techniques including RC drilling, aircore drilling, diamond drilling, rock chip sampling, and drone magnetic surveys.

Product overview

Riversgold Limited is an ASX-listed exploration and development company offering a diversified portfolio of mining projects rather than a unified software product. The company operates five core exploration projects: the Northern Zone Project (bulk-tonnage gold, 80% owned via farm-in with Oracle Power), the Tambourah Project (copper-gold in Pilbara, 100%), the Saint John Project (multi-metal in Canada, 25% retained under earn-out to A.I.S. Resources), the Wodgina Project (iron ore, 100%), and the Onslow South Project (uranium, 100%). These projects span gold, copper, lithium, iron ore, and uranium across Western Australia and Canada.

Differentiator

Problem solved

Functional benefit

Products and services

• Northern Zone Project

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• A.I.S. Resources LimitedcoreStrategic or Co-development Partner · 1 September 2025A.I.S. Resources entered an earn-in agreement with Riversgold granting the right to acquire up to a 75% interest in the Saint John IOCG/Porphyry Project in New Brunswick, Canada. AIS must spend CAD $4.4 million over four years on exploration, drone surveys, and drilling programs. Riversgold retains a 25% free-carried interest until a production decision.
• Oracle PowercoreStrategic or Co-development Partner · 1 May 2023In May 2023, Riversgold formed a strategic alliance with Oracle Power through a legally binding farm-in agreement, enabling Riversgold to potentially acquire an 80% ownership stake in the Northern Zone Gold Project by meeting exploration expenditure commitments.
• MEGA ResourcesminorStrategic or Co-development PartnerRiversgold signed a co-operation agreement with MEGA Resources for the Northern Zone Gold Project, expanding tenement holdings around Kalgoorlie by 820% to 6.25km².

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Ramelius Resources: Mid-tier ASX-listed gold producer with operations across Western Australia including near Kalgoorlie. Provides a comparable for what a successful small-cap explorer in the region can become, and a potential acquirer.
• Mineral Resources: Major ASX-listed mining operator whose Wodgina iron ore mine is adjacent to Riversgold's Wodgina iron ore project. Provides a relevant benchmark for nearby infrastructure and commercial pathways for iron ore development.
• Evolution Mining: Major ASX-listed gold producer with significant operations in the Kalgoorlie region. Evolution holds ~1.66% of Riversgold and is a logical acquirer/partner for any successful Northern Zone resource. Provides a relevant comparable for tier-one Australian gold production economics.

Direct peers

• A.I.S. Resources Limited: TSXV-listed earn-in partner on Riversgold's Saint John IOCG/Porphyry Project. A peer of comparable size and stage focused on gold-copper exploration, with active project-level collaboration with Riversgold.
• Oracle Power: ASX-listed exploration company and Riversgold's farm-in partner on the Northern Zone Project. Comparable as a small-cap ASX explorer with gold-copper focus and shared project economics via the binding farm-in agreement.
• Bardoc Gold: ASX-listed gold explorer/developer with projects in the Kalgoorlie region. Comparable stage and commodity focus, providing a relevant benchmark for exploration-to-development trajectory.
• Saturn Metals: ASX-listed gold explorer developing the Apollo Hill Project, which Riversgold explicitly cites as analogous to its Northern Zone Project. Both target bulk-tonnage porphyry-hosted gold deposits in the Eastern Goldfields of Western Australia.
• Emmerson Resources: ASX-listed gold and copper explorer operating in similar Australian jurisdictions. Simon Andrew (Riversgold Non-Executive Director) was a founding director of Emmerson Resources, indicating shared technical networks and comparable small-cap explorer profile.
• Mamba Exploration: ASX-listed exploration company where Riversgold director Simon Andrew also serves. Compares directly as a small-cap Australian gold/copper explorer with multiple early-stage projects.
• Cauldron Energy: ASX-listed uranium explorer whose Bennet Well deposit is referenced by Riversgold as a near-neighbour to its Onslow South uranium project. Comparable as a junior uranium explorer in Western Australia.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/riversgold_ltd
• LinkedInlinkedin.com/company/riversgold-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Riversgold