Resources & Energy Group Limited ( (AU:REZ) ) has shared an update.
Resources & Energy Group Limited has entered into a binding agreement to sell its Mount Mackenzie Gold Project in Queensland to QMines Limited for $2.485 million. This transaction allows REZ to focus on its East Menzies Gold Project in Western Australia, enhancing its strategic position and financial strength. The sale aligns with QMines’ strategy to expand its portfolio of gold and copper assets in Queensland, positioning it for further growth in the region.
More about Resources & Energy Group Limited
Resources & Energy Group Limited (ASX: REZ) operates in the mining industry, primarily focusing on gold exploration and development. The company is currently concentrating its efforts on the East Menzies Gold Project in Western Australia, aiming to expand its exploration and development activities in this region.
YTD Price Performance: 10.0%
Average Trading Volume: 642,410
Technical Sentiment Signal: Buy
Current Market Cap: A$14.78M
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