InvestSMART

Resources & Energy Group Limited (ASX:REZ)

ALERT: Price-sensitive ASX Announcement for REZ
Current share price for REZ : $0.012 -0.004 (-25%)+
Announcement
Release
12 Nov 2025 9:51AM
Price at Release
$0.016
Full Release
download
Summary
Resources & Energy Group Limited has announced a JORC compliant Global Exploration Target for its Gigante Grande Central Domain, estimating between 4,000,000 and 5,000,000 tonnes of mineralization at gold grades ranging from 1.3g to 3g/t, representing 160,000 to 500,000 ounces of gold. This estimate is separate from an existing 40,000-ounce inferred mineral resource. The target area, part of the East Menzies Goldfield Project in Western Australia, spans a 900-meter long zone, which is only about 14% of the total strike length of the prospect, highlighting the potential for further discoveries. Plans are in place to initiate an 8,750-meter drilling program in early 2026.
Key Points
  • Defined a JORC compliant Global Exploration Target for the Gigante Grande Central Domain of 4,000,000 - 5,000,000 tonnes @ 1.3g - 3g/t Au for 160k oz to 500k oz Au.
  • This target is exclusive of the current 40,000 oz Au Inferred Mineral Resource Estimate for Gigante Grande of 1.39 Mt @ 0.91g/t.
  • The target area represents a 900m long zone within the central domain of Gigante Grande and covers only ~14% of the total strike of the prospect.
  • Exploration target is based on drilling results from the Central Domain of the Gigante prospect.
  • The Gigante Grande prospect is part of the East Menzies Goldfield Project in Western Australia.
  • Preparation work is underway for an 8,750m drilling program set to commence in the first quarter of 2026.
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.