The Smartest Investors Club
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Smartest Investors Club

Investing

First Gold Doré Following Successful Carbon Strip

by 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
Is Now a Good Time to Invest in Copper? Experts Tout Bullish Fundamentals
next post
Key takeaways from Trump’s plan to ‘take over’ Gaza

You may also like

Crypto Market Recap: Bybit Suffers US$1.5 Billion Hack,...

Many Peaks Gold: Exploring Mining-friendly Jurisdictions to Meet...

Major New LCT Pegmatite System Discovered at Mavis...

Silver47 and Summa Silver Announce Merger to Create...

International Lithium Announces Upsize and Extension of Private...

Rio Silver Acquires the Minas Maria Norte Project...

Grid Battery Expands Land Holdings by Adding a...

High Grade Rock Chip Assays Confirm New Gold...

Bold Posts Updated Corporate Presentation

MAC President Calls for Renewed Investment, Streamlined Approvals...

    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.

    Latest

    • Senators condemn fatal shooting of Israeli embassy employees as families mourn

    • Israeli ambassador slams UN’s ‘mafia-like’ tactics against US-backed Gaza foundation

    • ‘We are living in a war’: Mexicans brace for violence ahead of judicial elections

    • Web Summit 2025: Vancouver’s Tech Moment

    • Explosive new intelligence report reveals Iran’s nuclear weapons program still active

    Categories

    • Business (1,668)
    • Investing (4,961)
    • Politics (7,795)
    • World (6,317)
    • Terms & Conditions
    • Privacy Policy
    • About us

    Disclaimer: thesmartestinvestorsclub.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 © 2024 thesmartestinvestorsclub.com | All Rights Reserved


    Back To Top