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Resources & Energy Group Limited ( (AU:REZ) ) has provided an update.
Resources & Energy Group has completed its second reverse circulation drilling campaign of 2026 at the Goodenough Gold Deposit within the East Menzies Gold Project in Western Australia. The program comprised 798 metres across five holes, aimed at testing strike extensions and infill targets following a recent upgrade of the Goodenough mineral resource to 1.36 million tonnes at 1.40 grams per tonne gold for 61,200 ounces.
Drilling focused on areas where mineralisation remains open along strike and near-surface high-grade zones identified from historical underground mining records and recent mapping. All samples have been dispatched for gold assay analysis, with results expected in coming weeks, which could further enhance the resource base and support the project’s development potential, reinforcing the company’s position in a historically high-grade gold field.
More about Resources & Energy Group Limited
Resources & Energy Group Limited is an Australian gold exploration and development company focused on advancing its East Menzies Gold Project in Western Australia. The company targets historically productive, high-grade gold deposits such as the Goodenough Gold Deposit, where it is working to expand and upgrade existing mineral resources through modern drilling and geological interpretation.
Average Trading Volume: 3,132,267
Technical Sentiment Signal: Sell
Current Market Cap: A$11.12M
See more data about REZ stock on TipRanks’ Stock Analysis page.