Riedel Resources Limited
Riedel Resources Limited (ASX: RIE) is a gold explorer with three projects. In July 2026 it completed the purchase of Yikarri Resources from Sarama Resources, adding the Cosmo (about 580 km²) and Mt Venn (about 420 km²) gold projects in the Laverton Gold District of Western Australia. Through Yikarri it holds 80% of the Cosmo exploration licences (an effective 60% of one licence, E38/2274) and 80% of the Mt Venn joint venture with Cazaly Resources. Cosmo is the focus of current work: soil sampling has outlined several kilometre-scale gold-in-soil anomalies, and Riedel plans the first drilling on the project since the 1990s for October 2026. Riedel also holds 90% of the Kingman gold-silver project in Mohave County, Arizona, its only project with a mineral resource: a JORC 2012 Inferred resource at the Tintic deposit of 494,000 t at 4.0 g/t Au for 64,000 oz of gold and 43.4 g/t Ag for 689,000 oz of silver, close to surface. It also keeps a diluting minority interest of about 11.9% in the Marymia East project in Western Australia.
Notable vs. Peers
- Financials score of 7.2/10 is stronger than the peer average of 5.3/10.
- Trading within 3% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Combined view across 3 projects. Figures below are only combined where the underlying basis genuinely matches -- see the notes under each.
Jurisdiction (40%)9/10
Western Australia: Fraser PPI 2025 is 88.53 of 100 (rank 13 of 68), which maps to 9 on this site's scale. Western Australia (Cosmo and Mt Venn) and Arizona, USA (Kingman) are both Tier-1 mining jurisdictions.
Infrastructure (40%)No verified figure
Researched with nothing found: no source we could cite confirms or rules out an existing mill, road access, grid power, or tailings facility at Cosmo Gold Project, Laverton Gold District, Western Australia (checked Oct 2, 2026; recheck due Mar 31, 2027). Counts at a neutral 5/10 until one does.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Duketon South (Garden Well plant) (Regis Resources Ltd), 54 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer stake on file; largest strategic holder is Sarama Resources Ltd (ASX:SRR) (31.73%) See holders
Not an operating producer, so it isn't the toehold-then-takeout pattern the research documents; a missing producer stake isn't held against a company.
Weight 25% - Distance to a producing mineSub-score:4.9/10
Nearest producing mine: Duketon South (Garden Well plant) (Regis Resources Ltd), 54 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:3.5/10
Stage: Resource Definition
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:9/10
Australia: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Non-Executive Chairman of Riedel Resources Limited, an ASX-listed explorer of the high-grade Kingman Gold Project in Arizona, USA.
Chief Executive Officer of Riedel Resources Limited, appointed June 2026 on completion of the company's business combination with Sarama Resources, which sold its Western Australian gold assets to Riedel. Formerly Sarama's corporate development VP.
Executive Chairman and Chief Executive Officer of Sarama Resources Ltd., which he founded; also a non-executive director of Riedel Resources Limited. Over 30 years' experience in the international mining arena, having worked in the Democratic Republic of Congo, West Africa, the UK, Russia and Australia. Was a director, President and Chief Operating Officer of DRC-based Moto Goldmines from 2005 to 2009, overseeing growth of the flagship Moto Gold Project (now Kibali Gold) from 4 million to over 22 million ounces of gold. Holds an MBA, a First Class Mine Managers Certificate (Western Australia) and a Bachelor of Engineering in Mining.
Non-Executive Director of Riedel Resources Limited.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No producer, specialist fund or named institution holds a disclosed position, and there are no insider trading records.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Riedel Resources is a gold explorer with three projects. In July 2026 it completed the purchase of Yikarri Resources from Sarama Resources, adding the Cosmo and Mt Venn gold projects in Western Australia's Laverton gold district, where it holds 80% of the Cosmo licences (an effective 60% of one of them) and 80% of the Mt Venn joint venture with Cazaly Resources. Cosmo, about 580 km2, is the focus of current work: soil sampling has outlined several kilometre-scale gold-in-soil anomalies, and Riedel plans the first drilling there since the 1990s for October 2026. Its 90%-owned Kingman gold-silver project in Mohave County, Arizona, is its only project with a resource, an inferred JORC 2012 estimate at the Tintic deposit of 494,000 t at 4.0 g/t gold for 64,000 oz of gold and 43.4 g/t silver for 689,000 oz of silver, close to surface. It also keeps a minority interest of about 11.9% in the Marymia East project in Western Australia.