Resources & Energy Group Limited ( (AU:REZ) ) has shared an update.
Resources & Energy Group Limited has successfully completed its first gold doré pour from a trial vat leach program at the East Menzies Gold Project, marking a significant milestone in its operations. The trial’s success validates the vat leaching method as an effective gold recovery process and positions the company for expansion, with plans to scale up operations by processing up to 40,000 tonnes of material. This development is timely given the record-high gold prices, which enhance the company’s cash flow potential. Additionally, the sale of the Mount Mackenzie Project has strengthened REZ’s balance sheet, allowing it to focus on expanding its Western Australian gold production.
More about Resources & Energy Group Limited
Resources & Energy Group Limited (ASX: REZ) operates in the mining industry, focusing on gold production and exploration. The company is primarily engaged in developing the East Menzies Gold Project in Western Australia and has recently divested its interest in the Mount Mackenzie Project in Queensland to sharpen its strategic focus on gold production growth in Western Australia.
YTD Price Performance: 25.00%
Average Trading Volume: 575,901
Technical Sentiment Signal: Buy
Current Market Cap: A$16.79M
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