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Resources & Energy Group Limited ( (AU:REZ) ) has shared an update.
Resources & Energy Group Limited has achieved a significant milestone with its first gold doré pour from the vat leach trial at the East Menzies Gold Project, demonstrating the success of this low-cost gold recovery method. With gold prices at record highs, the company plans to expand its operations by adding new vat leach dams, aiming for consistent production and enhanced cash flow, while also exploring the potential of its Gigante Grande prospect.
More about Resources & Energy Group Limited
Resources & Energy Group Limited is a company operating in the gold mining industry, focusing on gold recovery through vat leaching processes. Their primary project is the East Menzies Gold Project, and they are working on expanding their operations with new applications for mining and processing.
YTD Price Performance: 39.13%
Average Trading Volume: 1,038,528
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$21.49M
See more data about REZ stock on TipRanks’ Stock Analysis page.
