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Resources & Energy Group Limited ( (AU:REZ) ) has provided an update.
Resources & Energy Group Limited has announced a JORC compliant Global Exploration Target for the Gigante Grande Central Domain, estimating between 4 to 5 million tonnes of gold at grades of 1.3g to 3g per tonne, translating to 160,000 to 500,000 ounces of gold. This target highlights the potential scale of the Gigante prospect, with only 14% of the total strike explored so far. The company plans an 8,750-meter drilling program beginning in early 2026 to further investigate the potential. The Gigante Grande prospect, part of the East Menzies Goldfield Project, shows promise due to its location along the Moriarty Shear Zone, a significant geological feature known for gold deposits. The announcement underscores the prospect’s potential impact on the company’s operations and its strategic positioning within the gold mining industry.
More about Resources & Energy Group Limited
Resources & Energy Group Limited operates in the mining industry, focusing on the exploration and development of mineral resources, particularly gold. The company is involved in projects that aim to uncover significant mineral deposits and enhance their market position in the resource sector.
Average Trading Volume: 1,682,872
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$13.14M
See more insights into REZ stock on TipRanks’ Stock Analysis page.