Resources & Energy Group Limited (ASX:REZ)

Resources & Energy Group Limited (REZ) provided a quarterly activities and cash flow report for the period ending 31 March 2026. The cash flow statement revealed net cash used in operating activities amounted to A$303,000 for the quarter and A$1,615,000 year-to-date. This includes payments for exploration and evaluation of A$45,000 and administrative costs of A$229,000. Investing activities saw a net cash outflow of A$372,000 mainly due to exploration and evaluation expenditures. Net cash from financing activities was significant at A$2,937,000 due to proceeds from equity securities. The Goodenough Gold Deposit received a resource upgrade, increasing to 1.36 million tonnes containing 61,200 ounces of gold, reflecting a 54% increase in tonnes compared to the 2020 estimate. Additionally, the Gigante Grande prospect reported an inferred mineral resource of 1.39 million tonnes at 0.91 g/t Au for 40,700 ounces of gold. Capital was raised through a prospectus offering Class A options, expected to generate up to A$3.87 million upon full exercise. The funds are intended for exploration and development at the East Menzies Gold Project.