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Resources & Energy Group Limited (ASX:REZ)

ALERT: Price-sensitive ASX Announcement for REZ
Current share price for REZ : $0.011 -0.001 (-8.33%)+
Announcement
Release
25 Jun 2026 10:09AM
Price at Release
$0.012
Full Release
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Summary
The Resources & Energy Group Limited announced the results of its RC drilling program at the Gigante Grande prospect in Western Australia, which confirms significant gold mineralization. The program, conducted in February 2026, involved six drill holes over 726 meters, with notable intercepts revealing potential for expanding the existing resource. The results, including a high of 8 meters at 1.32 g/t gold, support the company's Mining Lease Application in the area. This exploration effort aims to outline a significant gold system, substantiated by assay results and further exploration targets estimating up to 500,000 ounces of gold.
Key Points
  • RC drilling confirms gold mineralization at Gigante Grande 1km south of the existing resource.
  • Drilling results include significant intercepts such as 8m @ 1.32 g/t Au and 4m @ 1.66 g/t Au.
  • Mineralization supports the Mining Lease Application MLA29/437.
  • Six drill holes completed, including four targeting the southern extension.
  • The drilling program totals 726 meters, confirming a large-scale gold system.
  • Exploration Target estimates range from 160,000 to 500,000 ounces of gold.
  • Single meter samples submitted for analysis based on positive composite assay results.
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.