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An announcement from Resources & Energy Group Limited ( (AU:REZ) ) is now available.
Resources & Energy Group has launched a reverse circulation drilling and sampling campaign at its East Menzies Gold Project, targeting extensions to existing mineralisation at the Gigante Grande and Goodenough deposits to grow current resources and test depth and strike potential. The company has also defined a substantial JORC-compliant Exploration Target at Gigante Grande’s Central Domain, completed soil sampling, LiDAR and high-resolution aerial surveys to refine exploration targeting, and strengthened its balance sheet with a $2 million placement, leaving $2.3 million in cash to fund the next phase of drilling, resource expansion and potential near-term production growth as it enters 2026 with a clearer pipeline of opportunities.
The most recent analyst rating on (AU:REZ) stock is a Sell 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 company focused on the East Menzies Gold Project in Western Australia, where it is advancing exploration, resource growth and processing initiatives to build a sustainable gold production platform. The company’s key assets include the Gigante Grande and Goodenough gold deposits, and it targets both near-term production and longer-term resource expansion within a prolific gold belt.
Average Trading Volume: 2,686,612
Technical Sentiment Signal: Sell
Current Market Cap: A$13.73M
For detailed information about REZ stock, go to TipRanks’ Stock Analysis page.