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Resources & Energy Group Limited ( (AU:REZ) ) has provided an update.
Resources & Energy Group Limited has completed the sale of its Mount Mackenzie Gold Project in Queensland to QMines Limited for $2.485 million, which includes $1 million in cash and 33 million QMines shares. This divestment strengthens REZ’s balance sheet and aligns with its strategic focus on the East Menzies Gold Project in Western Australia, allowing the company to concentrate on scalable gold production and exploration activities.
More about Resources & Energy Group Limited
Resources & Energy Group Limited (ASX: REZ) is an ASX-listed gold explorer and miner, focused on unlocking the full potential of the East Menzies Gold Project in Western Australia. The company is committed to advancing cost-effective gold extraction through innovative processing methods, such as vat leaching, while exploring additional high-grade gold deposits within its extensive tenement package.
Average Trading Volume: 458,783
Technical Sentiment Signal: Sell
Current Market Cap: A$14.1M
See more data about REZ stock on TipRanks’ Stock Analysis page.