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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 (5%)+
Announcement
Release
31 Jul 2026 4:00PM
Price at Release
$0.010
Full Release
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Summary
The quarterly report for Resources & Energy Group Limited (REZ) for June 2026 highlights several key activities and financial transactions. REZ has executed a binding term sheet with Rembrandt Mining Pty Ltd for gold mining at its Maranoa Gold Deposit with a profit-sharing agreement. The company has also mobilized a drilling rig to Maranoa for grade control drilling. Significant assay results from drilling at Goodenough and Gigante Grande indicate potential resource growth, with notable gold intercepts identified. Cash flows for the quarter showed a net decrease in operating activities by $498,000, while financing activities provided a net increase due to proceeds from equity securities. No new tenements were acquired or relinquished during the quarter.
Key Points
  • Binding term sheet with Rembrandt Mining Pty Ltd for Maranoa Gold Deposit.
  • Mobilization of drilling rig for grade control at Maranoa.
  • Significant gold intercepts at Goodenough and Gigante Grande prospects.
  • Net decrease in cash from operating activities by $498,000.
  • Net increase in cash from financing activities due to equity securities.
  • No new tenements acquired or relinquished.
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.