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Resources & Energy Group Limited (ASX:REZ)

ALERT: Price-sensitive ASX Announcement for REZ
Current share price for REZ : $0.012 -0.003 (-20%)+
Announcement
Release
30 Jan 2026 6:21PM
Price at Release
$0.015
Full Release
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Summary
Resources & Energy Group Limited (REZ) reported continued advancement in its gold production and growth strategy for the quarter ending 31 December 2025. The primary focus was the East Menzies Gold Project in Western Australia, where the company progressed exploration, development, and processing activities. Key highlights included the commencement of a Reverse Circulation (RC) drilling program, targeting extensions of known mineralisation and depth potential, and a share placement raising $2.0 million to fund further drilling and resource expansion. The company ended the quarter with $2.3 million in cash, supported by proceeds from the share placement. An exploration target of 4.0 to 5.0 million tonnes grading 1.3 to 3.0 g/t Au was defined at the Gigante Grande Central Domain, indicating significant resource growth potential. The cash flow report indicates a net cash outflow from operating activities of $642,000 and an overall positive cash flow due to financing activities.
Key Points
  • Commencement of RC drilling program at East Menzies Gold Project.
  • Completion of $2.0 million share placement.
  • Cash balance of $2.3 million at the end of the quarter.
  • Definition of exploration target at Gigante Grande Central Domain.
  • Net cash outflow from operating activities of $642,000.
  • Significant resource growth potential at East Menzies.
  • Focus on building a sustainable gold production platform.
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.