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
The latest announcement is out from Resources & Energy Group Limited ( (AU:REZ) ).
Resources & Energy Group Limited has commenced reverse circulation drilling at its East Menzies Gold Project in Western Australia, targeting the Gigante Grande and Goodenough gold deposits. The program is designed to test extensions to known mineralisation at Goodenough, investigate mineralisation beneath supergene zones and along lithological contacts at Gigante Grande, and refine understanding of mineralisation controls to support resource growth. Gigante Grande currently hosts an inferred mineral resource of 40,700 ounces of gold, with an additional exploration target outlining significant upside potential, while Goodenough has a history of high-grade underground production and encouraging near-surface intercepts. The results of this drilling are intended to underpin near-term development pathways to monetise the East Menzies gold assets and strengthen REZ’s position as a growing gold producer in the region.
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 ASX-listed gold explorer and miner focused on the East Menzies Gold Project in Western Australia. The company aims to unlock the project’s full potential through exploration for additional high-grade deposits and the use of cost-effective processing technologies, including innovative vat leaching methods, across its extensive tenement package.
Average Trading Volume: 2,709,765
Technical Sentiment Signal: Sell
Current Market Cap: A$13.73M
For an in-depth examination of REZ stock, go to TipRanks’ Overview page.