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Resources & Energy Group Limited (ASX:REZ)

ALERT: Price-sensitive ASX Announcement for REZ
Current share price for REZ : $0.011 -0.02 (-64.52%)+
Announcement
Release
23 Sep 2025 8:58AM
Price at Release
$0.031
Full Release
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Summary
Resources & Energy Group Limited (ASX: REZ) has announced the establishment of a maiden mineral resource at Gigante Grande, a part of its East Menzies Gold Project in Western Australia. The initial resource estimate stands at 1.39 million tonnes grading 0.91 g/t gold, equating to approximately 40,700 ounces of gold, with the mineralization remaining open to the northwest and at depth. This resource includes both near-surface saprolite and in situ granite-hosted mineralization, suggesting potential for further expansion through additional drilling programs. The resource modelling indicates a significant spatial correlation between laterally extensive supergene mineralization and underlying granite-hosted mineralization, providing multiple avenues for development. The economic evaluation of this resource is set within the broader context of the East Menzies Project, which could enhance the project's standing as a significant emerging gold asset in Western Australia.
Key Points
  • Maiden mineral resource at Gigante Grande established.
  • Estimate of 1.39 million tonnes at 0.91 g/t gold for 40,700 ounces.
  • Resource includes saprolite and granite-hosted mineralization.
  • Potential for resource expansion to the northwest and at depth.
  • Economic evaluation forms part of East Menzies Project review.
  • Multiple development pathways identified for Gigante Grande.
  • Project positioned as a compelling emerging tier 1 gold asset.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.