Resources & Energy Group Limited
AASX:REZ0.01
AUD
+0.00
(-12.50%)
Resources & Energy Group Limited
ASX:REZ
(Australian Securities Exchange)
Recent
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0.01
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div
yld
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ROIC.AI
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- Resources & Energy Group Limited (ASX:REZ) is an Australia-based mineral resources explorer, developer and producer focused on gold and green metals, including precious metals, nickel and technology metals prospective for decarbonization applications. The company holds mining leases primarily in Western Australia, with its flagship East Menzies Gold Project (EMP) comprising over 100 square kilometers of contiguous mining, exploration and prospecting licenses located 130 kilometers north of Kalgoorlie in the Wiluna-Norseman Greenstone Belt; the EMP encompasses multiple operational areas such as the Maranoa Deposit, Gigante Grande Gold prospect and Springfield, prospective for orogenic lode gold, silver and magmatic nickel sulfides. Operations target vat leach gold production from oxide resources, alongside exploration for additional deposits across its tenement portfolio. Formed in 2005 and headquartered in Sydney, New South Wales, the company shifted to gold and green metals exploration and development in 2015, listing on the ASX under the REZ code, and generates revenue from gold sales while maintaining two segments: gold mine exploration and development, plus corporate activities. In recent developments, Resources & Energy Group receives approval in September 2025 for an amended Mining Proposal at the Maranoa Deposit, enabling expansion from a 5,000-tonne trial to full-scale vat leach production with eight additional 5,000-tonne cells for a total 40,000-tonne ore capacity to boost gold output and create a self-funding platform for further exploration; the company also executes a binding term sheet in April 2025 to sell its Mount Mackenzie Gold and Silver Project in Queensland to QMines Limited for $2.485 million in cash and shares, realigning its portfolio to prioritize East Menzies advancement and strengthen its balance sheet.