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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 (0%)+
Announcement
Release
20 Jul 2026 9:49AM
Price at Release
$0.011
Full Release
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Summary
Resources & Energy Group Limited (REZ) has signed a formal joint venture (JV) agreement with Rembrandt Mining Pty Ltd for gold mining and production at the Maranoa Gold Deposit, part of REZ's East Menzies Gold Project in Western Australia. REZ will not invest capital unless exploration confirms a 300,000-ounce inventory, which would then trigger a 50/50 cost-shared CIL plant development. The profit sharing is on a sliding scale, starting at 50/50 at A$3,000/oz and shifting to 60/40 in favor of REZ at A$7,000/oz and above. Rembrandt is responsible for all capital expenditures and will apply its expertise in building and operating mills to establish a mobile modular mill on-site. This allows REZ to focus on exploration and resource growth at Goodenough, Gigante Grande, and Granny Venn. The regulatory operations will remain under REZ's legal oversight, while Rembrandt handles all operational aspects, including approvals and rehabilitation.
Key Points
  • Formal JV agreement signed between REZ and Rembrandt Mining.
  • Profit sharing ranges from 50/50 to 60/40 in favor of REZ.
  • Rembrandt funds all capital expenditures, REZ commits zero capital initially.
  • Focus on establishing a mobile modular mill for processing on-site.
  • Allows REZ to concentrate on exploration at other key locations.
  • REZ retains legal oversight for regulatory operations.
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.