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The latest announcement is out from Resources & Energy Group Limited ( (AU:REZ) ).
Resources & Energy Group Limited has announced the establishment of a maiden Inferred Mineral Resource at its Gigante Grande site within the East Menzies Gold Project in Western Australia. The resource is estimated at 1.39 million tonnes at 0.91 grams per tonne of gold, totaling 40,700 ounces. This development underscores the potential for further resource growth, as mineralization remains open to the northwest and at depth. The maiden resource enhances the project’s economic prospects and positions it as a significant emerging gold asset in the region, providing the company with multiple development pathways.
More about Resources & Energy Group Limited
Resources & Energy Group Limited (REZ) operates in the mining industry, focusing on gold exploration and development. The company is involved in projects such as the East Menzies Gold Project in Western Australia, where it seeks to identify and develop mineral resources.
Average Trading Volume: 1,000,138
Technical Sentiment Signal: Buy
Current Market Cap: A$23.12M
Find detailed analytics on REZ stock on TipRanks’ Stock Analysis page.