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Resources & Energy Group Limited ( (AU:REZ) ) has provided an announcement.
Resources & Energy Group Limited has made significant progress in its gold production strategy at the East Menzies Gold Project, completing its second gold doré pour and preparing for a third. The company has addressed early operational challenges, enhancing gold recovery and positioning itself for sustainable production. The recent sale of the Mount Mackenzie Project has strengthened REZ’s balance sheet, allowing a sharper focus on its core asset in Western Australia. Additionally, a $1.1 million share placement will fund increased production, exploration, and processing capacity expansion, indicating strong operational momentum and investor confidence.
More about Resources & Energy Group Limited
Resources & Energy Group Limited (ASX: REZ) operates in the mining industry, focusing primarily on gold production. The company is strategically concentrating on its East Menzies Gold Project in Western Australia, aiming for scalable, low-cost gold production. It also maintains a strategic shareholding in Mines Limited, providing exposure to future developments at the Mount Mackenzie Project.
Average Trading Volume: 519,830
Technical Sentiment Signal: Sell
Current Market Cap: A$11.96M
Find detailed analytics on REZ stock on TipRanks’ Stock Analysis page.