Riversgold Clears Technical Hurdles on Northern Zone Kalgoorlie Permits

Riversgold Clears Major Technical Hurdles at Kalgoorlie Gold Project

Riversgold (ASX: RGL) has reported a clean set of technical results for its Northern Zone Gold Project, with consultants confirming no material issues across geotechnical, hydrological and environmental assessments. The findings represent a significant step forward in Riversgold Northern Zone Kalgoorlie gold project mining permits progress, moving the company closer to securing the operating permits required before mining can begin.

The Northern Zone Project and Its Kalgoorlie Location

The Northern Zone open pit is located approximately 25 kilometres east of Kalgoorlie in Western Australia, near the Kalgoorlie "Super Pit", one of Australia's largest and most recognised gold mining operations. The surrounding region carries a long history of gold production, and Riversgold is working through the regulatory and technical steps required to advance Northern Zone toward operation.

According to the announcement, ResourcesWA, the company's consultants, have reported back on a series of completed technical studies that feed directly into two permit applications:

• The Native Vegetation Clearing Permit (NVCP)
• The Mine Development and Closure Proposal (MDCP)

Both documents must be submitted to Western Australia's Department of Mines, Petroleum and Exploration (DMPE) before mining operations can commence.

Four Technical Studies, Four Favourable Outcomes

The company reported that each completed study area returned results indicating no material risks. A summary of the findings is set out below.

Each of these assessments feeds directly into the MDCP, the mine planning document that regulators must approve before an operation can proceed. Furthermore, returning consistent results across all four study areas removes several potential sources of delay from the permitting process.

What Is an MDCP and Why Does It Matter to Investors?

A Mine Development and Closure Proposal (MDCP) is a formal document submitted to Western Australian mining authorities that sets out how a mining operation will be developed, managed and rehabilitated once operations conclude.

Regulators use the MDCP to scrutinise a project before granting the legal right to mine. The document must demonstrate that the proponent has properly assessed:

• Environmental risks, including acid drainage, vegetation disturbance and groundwater impacts
• The physical stability of the mine design, covering pit walls and waste dumps
• Rehabilitation and closure commitments

Why does this matter to investors? The MDCP, alongside the NVCP, is one of the final gating documents standing between Riversgold and the commencement of mining at Northern Zone. Favourable technical findings of the kind reported here strengthen the quality of the permit application and may consequently reduce the likelihood of delays, which are a common risk factor for junior mining companies working through the approvals process.

Where the Permit Applications Currently Stand

Riversgold provided a status update on both permit applications in the announcement.

The NVCP submission represents the nearer-term milestone, with lodgement expected within weeks according to the company. In addition, the Riversgold Northern Zone Kalgoorlie gold project mining permits progress reflects a structured and methodical approach to the regulatory pathway.

Director's Comment

"To have these final reports back on soils, geotechnical and water studies for our Kalgoorlie Gold Project, showing no material issues is a great result. We continue to tick the boxes necessary for the submission of the NVCP and MDCP, which will then provide the operating permit for the start of mining operations. We continue to get much closer to breaking ground at Northern Zone, and I look forward to updating shareholders on progress as we move forward."

Edward Mead, Technical Director, Riversgold

Why These Technical Results Carry Weight

Clean technical study results can appear routine to investors unfamiliar with the mining permitting process. In practice, however, each finding addresses a specific risk area that regulators and operators take seriously.

Is Acid Mine Drainage a Concern at Northern Zone?

Acid mine drainage risk addressed. Acid mine drainage (AMD) refers to acidic water produced when sulphide minerals in rock are exposed to air and water. It is regarded as one of the more costly environmental liabilities in open pit mining, capable of contaminating groundwater over an extended period and generating substantial remediation obligations.

According to the announcement, waste rock at Northern Zone is predominantly non-acid forming with substantial acid-neutralising capacity, a finding that reduces this risk factor for both the permit application and future cost planning.

How Does the Geotechnical Stability Stack Up?

Geotechnical stability supports the mine design. Pit slope or waste dump instability can lead to safety incidents, production interruptions and costly redesigns. A factor of safety is a standard engineering measure of structural stability, with figures above 1.0 indicating a design can withstand expected loads.

The reported factors of safety greater than 1.33 at both bench and inter-ramp scales are consistent with accepted industry benchmarks for a conservatively engineered pit design.

What Do the Groundwater Findings Indicate?

Groundwater conditions appear manageable. A shallow water table intersecting open pit operations can significantly increase costs through the need for ongoing dewatering. With the water table at approximately 37 metres below surface and low permeability confirmed across the site, Northern Zone appears suited to open pit development without substantial groundwater management requirements, though flood modelling studies remain in progress.

What Comes Next in the Approvals Process?

Riversgold outlined a defined sequence of near-term milestones in the announcement:

1. NVCP submission expected within weeks, pending incorporation of minor outstanding inputs
2. MDCP completion, currently at 60%, remaining on schedule for submission to DMPE
3. Regulatory review of both applications by DMPE following submission
4. Commencement of mining operations at Northern Zone, contingent on permit approvals being granted

The sequencing reflects a standard regulatory pathway: technical studies underpin the permit applications, and approval of those applications is required before mining can proceed.

Investment Considerations

Riversgold's update points to several factors relevant to the company's development pathway. Notably, the Riversgold Northern Zone Kalgoorlie gold project mining permits progress demonstrates steady advancement through a clearly defined approvals framework.

• Location: The Northern Zone project sits approximately 25 km east of Kalgoorlie, a long-established gold mining region with existing infrastructure and a skilled local workforce.
• Technical progress: Four separate study areas returned favourable findings, addressing common sources of permitting delay related to acid drainage, slope stability and groundwater management.
• Permit pathway: Both the NVCP and MDCP are progressing according to the company's stated timeline, with the NVCP submission described as imminent.
• Pit design: Validated pit slopes, stable waste dump configurations and a manageable groundwater profile support the technical basis for the proposed open pit.

Glossary of Key Terms

Key Takeaway: Riversgold has reported favourable technical results across soil, geotechnical and hydrology studies supporting its permit applications for the Northern Zone project near Kalgoorlie. With the NVCP submission expected within weeks and the MDCP at 60% completion, the Riversgold Northern Zone Kalgoorlie gold project mining permits progress continues to advance through the regulatory steps required before mining operations can commence.

Want to Know More About Riversgold's Path to Production at Northern Zone?

With four technical studies returning favourable results and both permit applications advancing on schedule, Riversgold (ASX: RGL) is methodically working through the final regulatory steps before mining can commence at its Northern Zone Gold Project near Kalgoorlie. Investors looking to follow the company's progress toward the commencement of operations can find further details on the project, the permitting timeline, and the broader investment case by visiting www.riversgold.com.au.