Resources & Energy Group Limited (AU:REZ) has released an update.
Resources & Energy Group Limited is on the verge of commencing gold production at the Maranoa site within the East Menzies Gold Project, expecting their first gold pour this quarter after raising $1.512 million through share placement for the project. The company has made significant progress by lodging a Mining Proposal with Western Australia’s DMIRS, engaging with local stakeholders, and preparing for extensive resource analysis and larger-scale operations. Their trial vat leach facility, if successful, could set a precedent for similar gold extraction processes at other sites in the region.
For further insights into AU:REZ stock, check out TipRanks’ Stock Analysis page.
