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Resources & Energy Group Limited ( (AU:REZ) ) has provided an update.
Resources & Energy Group Limited announced the completion of its second gold doré pour at the East Menzies Gold Project, with total proceeds of approximately $160,000 from gold sales. The company is addressing challenges related to clay and fines content in the ore to improve vat performance and gold recovery. By implementing operational changes and awaiting regulatory approval for additional vats, REZ is positioning itself for scalable, self-sufficient production, leveraging strong gold pricing and a pipeline of high-grade feedstock.
More about Resources & Energy Group Limited
Resources & Energy Group Limited is involved in the mining industry, focusing primarily on gold production. The company operates the East Menzies Gold Project in Western Australia, aiming to establish scalable, low-cost, self-managed gold production independent of third-party mills.
Average Trading Volume: 468,496
Technical Sentiment Signal: Sell
Current Market Cap: A$10.75M
For detailed information about REZ stock, go to TipRanks’ Stock Analysis page.