RESOURCES AND ENERGY GROUP ORD
Resources and Energy Group declares high-grade gold discovery at East Menzies
Resources and Energy Group (ASX: REZ) has found a new high-grade gold zone at its East Menzies project in Western Australia with a peak result of 1m at 76.4 grams per tonne, declaring it a significant find of economic mineralisation. The zone has been located by a round of drilling at the Gigante Grande prospect, […]
Resources & Energy Group updates Mount Mackenzie project economics in light of strong gold price
Gold explorer Resources & Energy Group (ASX: REZ) has updated the mineral resource estimate for its Mount Mackenzie gold and silver project in central Queensland, citing a material change in commodity prices in the five years since the original estimate was released. Mount Mackenzie is now reported to contain an indicated resource of 1.7 million tonnes grading […]
Resources & Energy Group anticipates increased cashflow from revised scoping study for Mount Mackenzie gold project
Resources & Energy Group (ASX: REZ) has revised a scoping study for the Mount Mackenzie gold and silver project in central Queensland to reflect a gold price of $2,600 per ounce. The revision will increase free cashflow from the planned development to $54.6 million and operating cashflow to $67.6 million. An analysis of Mount Mackenzie […]
Resources & Energy Group finds large gold trend at East Menzies
A maiden drilling campaign by Resources & Energy Group (ASX: REZ) at the East Menzies gold project in Western Australia has confirmed the presence of a significant gold trend covering over 2,500m of strike and up to 450m wide. Regional assays showed a 100 parts-per-billion gold anomaly at the company’s Demeter prospect, highlighting the trend […]