Resources & Energy Group Upgrades Goodenough Gold Resource to 61koz
Resources & Energy Group Limited (ASX: REZ) has increased the Mineral Resource at its Goodenough Gold Deposit, part of the East Menzies Gold Project in Western Australia. The updated estimate now stands at 1.36 million tonnes grading 1.40g/t gold for 61,200 ounces, reflecting a meaningful uplift in both scale and contained metal. The revision represents a 54% increase in tonnage along with an addition of over 15,000 ounces of gold compared to the previous estimate.
Importantly, the majority of the resource has been classified in the Indicated category, providing greater confidence in the geological model and supporting future development planning. The resource has been constrained within optimised open pit shells, indicating potential for economic extraction under appropriate conditions. The deposit remains open in multiple directions, including to the southwest, east and at depth, suggesting further upside through continued exploration.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Resources & Energy Group Upgrades Goodenough Gold Resource to 61koz
Resources & Energy Group Limited (ASX: REZ) has increased the Mineral Resource at its Goodenough Gold Deposit, part of the East Menzies Gold Project in Western Australia. The updated estimate now stands at 1.36 million tonnes grading 1.40g/t gold for 61,200 ounces, reflecting a meaningful uplift in both scale and contained metal. The revision represents a 54% increase in tonnage along with an addition of over 15,000 ounces of gold compared to the previous estimate.
Importantly, the majority of the resource has been classified in the Indicated category, providing greater confidence in the geological model and supporting future development planning. The resource has been constrained within optimised open pit shells, indicating potential for economic extraction under appropriate conditions. The deposit remains open in multiple directions, including to the southwest, east and at depth, suggesting further upside through continued exploration.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au