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Riva Resources (ASX:RIR)

Riva Resources (ASX:RIR) could be sitting on a parcel of land in Western Australia poised to recover some of the most significant cobalt grades in the country.

Its current focus is squarely on its 100%-owned Tabac Cobalt-Gold Project where it recently completed its first drill hole, backed by impressive cobalt grades reported from historical drilling.

The assay results from this drill programme are due imminently and could lead to the Yerrida Basin, where Tabac is located, emerging as a new cobalt province.

Meanwhile, RIR has commenced drilling its second hole.

The decision to begin a second diamond drill hole was due to the weight of geological evidence gathered through development of the first diamond hole.

RIR is now focused on testing for potential cobalt-bearing mineralisation as it looks to fast track the completion of this second hole.

The information on this page should not be the only trigger for your investment decision. Click on the links below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.

With the company still only valued by the market at $14 million, significant announcements on the horizon could be the push that RIR require to move its market cap.

The first of these announcements will be the imminent assay results, which are now only days away.

 

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Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

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