Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Investing

First Gold Doré Following Successful Carbon Strip

by admin February 5, 2025
February 5, 2025
First Gold Doré Following Successful Carbon Strip

Resources & Energy Group Limited (ASX: REZ) (REZ or the Company) is pleased to announce the successful completion of its first gold doré pour from the trial vat leach program at the East Menzies Gold Project, following the scheduled carbon strip on 1 February 2025 in Kalgoorlie.

HIGHLIGHTS

  • REZ successfully pours first gold doré from its maiden vat leach trial at the East Menzies Gold Project
  • Gold doré from this first pour has now been transported to the Perth Mint for refining and sale
  • The trial shows the effectiveness of vat leaching as a gold recovery method and provides confidence for further expansion
  • Onsite operators anticipate a regular gold pour cycle, with gold pours expected to occur approximately every three weeks moving forward, reinforcing the continuity of production at East Menzies
  • Demonstrating confidence in this process, REZ has already submitted a second mining application with DMIRS for an expanded vat leach operation, covering 8 new vats and up to 40,000 tonnes of material from the Maranoa deposit
  • This gold doré pour coincides with record-high gold prices, strengthening REZ’s potential for strong cash flow generation in the coming months

REZ Group Managing Director J. Daniel Moore said:

‘The first gold doré pour is a transformational moment for REZ, proving the effectiveness of our vat leach process and reinforcing our ability to generate near-term cash flow.

The trial has given us the confidence to move forward with an expanded mining and processing program at East Menzies, and we are already taking steps to scale up our operations. We are well-positioned for sustainable growth with strong gold prices and an optimised production model.’

COMMISSIONING OF A MINING & PROCESSING PROGRAM

  • With the successful output from the vat leach trial confirmed, REZ is now progressing with commissioning a structured mining and processing program at East Menzies.
  • To accelerate growth, the Company has submitted an application to the Western Australian Department of Mines, Industry Regulation and Safety (DMIRS) for an additional 8 vat leach dams, allowing for the processing of up to 40,000 tonnes of material from the Maranoa deposit.
  • This expansion positions REZ to transition from a trial phase to a structured, scalable gold recovery operation and gold producer.
STRATEGIX EXPANSION AND PRODUCTION GROWTH
  • Demonstrated Gold Recovery Success – The trial vat leach process has successfully recovered gold from the Maranoa deposit, validating this low-cost processing method.
  • Gold Doré Transported to Perth Mint – Gold doré bars from this first pour have now been delivered to the Perth Mint for refining and sale.
  • Scaling Up Operations – REZ’s new DMIRS application represents a significant step forward in unlocking the full production potential of the consolidated East Menzies Project.
  • Sustained Production Strategy – The Company is implementing a stockpiling and batch processing model, ensuring consistent production while maintaining flexibility in refining and sales.

EXPLORATION UPSIDE: GIGANTE GRANDE

Beyond near-term production, REZ’s Gigante Grande prospect presents a potential company-defining gold discovery. The Company continues to refine its exploration model and sees multi-million-ounce potential at this prospect.

Click here for the full ASX Release

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Millennials reimagine retirement: ‘The end game might not be … sitting on my Adirondack chair’
next post
High Grade discoveries with enriched MREOs at Agostinho highlight Caldeira’s scale

Related Posts

Many Peaks Minerals Ltd (ASX: MPK) – Trading...

June 4, 2024

New High Grade Gold Shoot at Ferke Project

March 17, 2025

A Guide to Investing in Physical Gold (Updated...

November 2, 2024

Prismo Metals Receives High Ag and Cu Samples...

September 24, 2025

Top 5 Canadian Mining Stocks This Week: Euro...

March 29, 2025

Manuka Resources: Near-term Production from Gold and Silver...

May 29, 2024

NASA Astronauts Return to Earth on SpaceX Capsule...

March 21, 2025

Alvo Minerals to Acquire Pan American’s Lavra Velha...

April 1, 2025

Web Summit 2025: AI Innovation, Investment Shifts and...

June 7, 2025

Placement to Support Next Phases of Grandis Project

July 25, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Harris lashes out at Biden’s team for ‘adding fuel to negative narratives’ against her: book

      September 25, 2025
    • Unearthed ‘rage’ clip puts Dem gubernatorial candidate on defensive amid ICE, Kirk shootings

      September 25, 2025
    • Roseanne Barr blasts ‘double standard’ as Jimmy Kimmel returns to late-night show after suspension

      September 25, 2025
    • Vance pauses North Carolina speech for boy who said he ‘skipped school’ to ask for a selfie

      September 25, 2025
    • Top House Dem exposes party’s strategy to blame Republicans for looming government shutdown

      September 25, 2025

    Categories

    • Business (1,107)
    • Investing (3,115)
    • Politics (3,803)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved