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Resources & Energy Group Limited (ASX:REZ)

ALERT: Price-sensitive ASX Announcement for REZ
Current share price for REZ : $0.011 -0.004 (-26.67%)+
Announcement
Release
2 Feb 2026 11:01AM
Price at Release
$0.015
Full Release
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Summary
Resources & Energy Group Limited (ASX: REZ) has commenced reverse circulation (RC) drilling at the East Menzies Gold Project in Western Australia, targeting the Gigante Grande and Goodenough gold deposits. The drilling aims to explore extensions to known mineralisation at Goodenough and investigate potential beneath supergene zones on lithological contacts at Gigante Grande. This initiative follows recent geological interpretations and surface mapping. The project includes testing mineralisation controls along lithological contacts and extensions of gold mineralisation at Goodenough, which historically produced high-grade gold. With a JORC Inferred Mineral Resource of 1.39 Mt at 0.91 g/t Au for 40,700 ounces of gold at Gigante Grande, and an exploration target of 4.0 to 5.0 Mt at 1.3 to 3.0 g/t Au for 160,000 to 500,000 ounces, the company sees significant potential. The drilling program is a crucial step in advancing resource growth and supports development pathways to monetize gold at the project.
Key Points
  • RC drilling commenced at Gigante Grande and Goodenough deposits.
  • Targeting extensions to existing mineralisation and potential beneath supergene zones.
  • Drilling informed by recent surface mapping and geological interpretation.
  • Gigante Grande hosts a JORC Inferred Mineral Resource of 1.39 Mt at 0.91 g/t Au.
  • Significant exploration target at Gigante Grande for 160,000 to 500,000 ounces of gold.
  • The drilling program is a key step in advancing Mineral Resource growth.
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.