Riversgold has entered a binding agreement to acquire a 100% interest in the 12 km² exploration licence E25/594 surrounding its Northern Zone Gold Project near Kalgoorlie, from Black Cat (Kal East) Pty Ltd, a subsidiary of Black Cat Syndicate (ASX:BC8). The deal lifts the combined project area from 0.82 km² to about 12.82 km², roughly a 15-fold increase. Riversgold will pay AUD 1 million in cash and issue 111.1 million shares at a deemed price of AUD 0.009, escrowed for 12 months, while Black Cat receives a 1% net smelter return royalty. Completion is expected within three months, and the company plans to test a western extension of Northern Zone mineralisation, where modelling shows mineralised shells remain open. Chairman David Lenigas said the acquisition does not affect the timing of the approval for the Mine Development and Closure Proposal (MDCP) for Northern Zone, submitted on September 30, 2026.
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| Market | Gold |
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| Close on 11/03/2026 | 3,930.22 |
| Change that session | -0.42% |
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