Riversgold Ltd (ASX:RGL)

Riversgold Ltd (ASX:RGL)

Share Price
$ 0.02
0.003 (17.65 %)
Market Cap
$1.90 m
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Riversgold Ltd

Riversgold Ltd (ASX:RGL) is listed on the Australian Securities Exchange.

Market: ASX:RGL
52-week High/Low: A$0.160 / A$0.017
Sector: Mining
Market Cap: $1.90 m
Website: www.riversgold.com.au
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Big Picture – A Deep Dive Examination of Riversgold Ltd

Riversgold Ltd Snapshot

Riversgold Ltd is an Australian based gold exploration company with highly prospective projects in three world class gold terranes: Eastern Goldfields in Western Australia, South Australia and the Tintina Gold Belt in South-West Alaska.

The Company listed on the Australian Stock Exchange in October 2017 (ASX: RGL) with drill ready targets and an experienced Board and management team with successful track records in exploration, development and production.



The South-west Alaska Project, comprised of the Luna-Quicksilver, Midway and Gemuk properties, is located in the southern Kuskokwim Mountains of south-western Alaska approximately 520 km west-south-west of Anchorage. The Project comprises a total of 162 State of Alaska MTRSC mining claims.

(click here for more information on this project)


Western Australia

The Kurnalpi Project comprises ten Exploration Licences and one Application. It is located between ~ 50 km and 120 km east to south-east of the significant regional mining centre town of Kalgoorlie–Boulder in the Eastern Goldfields of Western Australia (WA).

(click here for more information on this project)


South Australia

The Churchill Dam Iron-Oxide Copper-Gold (IOCG) Project is in the Gawler Craton, approximately 20 km west of Woomera and 90 km south west of the giant Olympic Dam deposit in South Australia.

(click here for more information on this project)


Last updated 14th February 2019

Non-Executive Director

Mr Jeffrey Foster is a geologist with over thirty years international experience in mineral exploration and project development.

Mr Foster has a track record of innovation and delivery in both industry and academe having being an Associate Professor at CODES, the ARC Centre of Excellence in Ore Deposit Studies at the University of Tasmania and a founding Director and Executive Director with Sirius Resources NL, an ASX200 listed company.

At Sirius, Mr Foster worked with teams to substantially de-risk the Nova-Bollinger project, developed corporate opportunities and raised capital resulting in industry leading total shareholder returns.

Since graduating with a Masters Degree in Mining and Mineral Exploration, from Leicester University, Jeff has gained more than 30 years of industry experience with S2 Resources, Sirius Resources NL, GeoDiscovery, BHP - New Business Development, Western Mining Corporation - Exploration Division and Kambalda Nickel Operations.

This experience base encompasses exploration, discovery, development, opportunity recognition, financial evaluation and research in many parts of the world including; Canada, USA, Brazil, Chile, UK, Norway, Finland, Sweden, China, India, Russia, South Africa, Namibia, Botswana and Australia.

Mr Foster is an Adjunct Professor at the University of Tasmania, a Member of the Australasian Institute of Mining and Metallurgy.

Managing Director

Mr Allan Kelly is a geologist with over 25 years’ experience in mineral exploration, project development and gold production throughout Australia and the Americas.

Mr Kelly graduated with an honours degree in geology from Curtin University of Technology in 1994, has been involved in targeting and early stage exploration of gold, nickel and copper deposits in Australia, Alaska and Canada and has previously held senior exploration positions within Western Mining Corporation and Avoca Resources Limited.

In 2009, Mr Kelly founded Doray Minerals Limited, which listed on the ASX in early 2010. Under Mr Kelly’s management, Doray discovered the high-grade Wilber Lode gold deposit within the Andy Well Project in the Murchison Region of Western Australia, moved from discovery to production at Andy Well within three and a half years and then funded, permitted, constructed and commissioned the Deflector Gold-Copper Project within 14 months of completing the takeover of Mutiny Gold Ltd in 2014.

In 2014, Mr Kelly was awarded the AMEC “Prospector Award”, along with Doray’s co-founder Mr Heath Hellewell, for the discovery of the Wilber Lode and Andy Well gold deposits.

Mr Kelly is a Fellow and Former Councillor of the Association of Applied Geochemistry (AAG), a Member of the Australian Institute of Geoscientists (AIG) and a Member of the Institute of Brewing and Distilling (IBD). Mr Kelly is also a Non-Executive Director of ASX-listed Alloy Resources Ltd.

Non-Executive Chairman

Mr Roderick Webster is a mining engineer (University of Sydney) with over 40 years of experience in the resources industry including more than 16 years as CEO of publicly listed companies.  He is currently a non-executive Director of Finders Resources Ltd, an ASX listed copper producer with operations in Indonesia.  In the last 3 years he has held non-exec directorships with Pembridge Resources Plc (LSE), Coro Mining Corp (TSX) and Weatherly International Plc (AIM).

From 2005 to 2015 Mr Webster was founding Director and CEO of Weatherly, a company engaged in copper mining and smelting in Namibia.  Between 2001 and 2005 Mr Webster was a senior executive with First Quantum Minerals Ltd, a Canadian listed company developing copper mines in Zambia and Mauritania. Mr Webster was also the founding director and CEO of Western Metals Ltd, a major Australian base metals producer during which time he served on the executive committee of the International Zinc Association. Earlier in his career Mr Webster held management positions with Homestake Gold of Australia Ltd and BHP Minerals Ltd.

Mr Webster is a fellow of both the Australian Institute of Mining and Metallurgy and the Australian Institute of Company Directors.

Non - Executive Director

Mr Aaron Colleran was a founding member of the leadership team of Australian gold producer Evolution Mining Limited (ASX:EVN), having managed its business development and investor relations program from inception through to 2018.  Originally an exploration geologist with Placer Dome Australia he worked as a mining analyst with stockbroker Eyres Reed Limited before moving into investment banking with CIBC World Markets and Standard Bank Plc.

In 2006 Mr Colleran set up a consultancy providing corporate advice to resource companies and worked closely with companies including Centamin Egypt Limited and Sino Gold Mining Limited.

He joined Conquest Mining Limited in 2010 when it had a market capitalisation of $100 million and was instrumental in the multiple merger and acquisition transactions that created Evolution Mining, now one of Australia's largest gold mining companies with a market capitalisation of $6.4 billion.

Mr Colleran is also a Non-Executive Director of Kidman Resources Limited (ASX:KDR) and has recently been appointed as Managing Director and CEO of AIC Resources Limited (ASX:AIC).


Last updated 14th February 2019


Suite 6, 125 Melville Parade
Como WA 6152

Phone: (08) 6500 7375
Email: [email protected]

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