Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Resources & Energy Group Limited ( (AU:REZ) ) just unveiled an announcement.
Resources & Energy Group has commenced a reverse circulation drilling program at the Goodenough deposit within its East Menzies Gold Project in Western Australia. The campaign follows a recent upgrade of the Goodenough mineral resource to 1.36 million tonnes at 1.40 grams per tonne gold for 61,200 ounces, underscoring the project’s growing scale.
The approximately 1,000-metre drilling program is designed to test strike extensions where mineralisation remains open and to infill existing resources to improve classification from Inferred to Indicated. By also targeting near-surface high-grade zones identified from historical underground mining and recent mapping, the company aims to grow its total ounce inventory and enhance the project’s development potential for investors and stakeholders.
The most recent analyst rating on (AU:REZ) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Resources & Energy Group Limited stock, see the AU:REZ Stock Forecast page.
More about Resources & Energy Group Limited
Resources & Energy Group Limited is an Australian gold exploration and development company focused on the East Menzies Gold Project in Western Australia. The company targets historical high-grade gold fields and aims to expand and upgrade existing mineral resources through systematic drilling and geological interpretation.
Average Trading Volume: 3,178,759
Technical Sentiment Signal: Sell
Current Market Cap: A$11.12M
See more data about REZ stock on TipRanks’ Stock Analysis page.