Resources & Energy expands Menzies Project by 69%
Key points
- Resources & Energy Group expands landholding in Western Australia by approximately 69% through 11 new applications.
- The company’s share price was unchanged at $0.007 following the market update.
- The expansion aims to build a pipeline of prospective shallow gold targets across the Menzies Goldfield.
Resources & Energy Group (ASX:REZ) has expanded its landholding at the Menzies Goldfield in Western Australia by approximately 69%, adding 11 new licence applications that span over 7,485 hectares.
The new applications expand the company's granted and pending footprint in the region from 8,749 hectares across 59 licences to more than 18,250 hectares.
"This latest round of pegging reflects our disciplined, technically driven approach to tenure acquisition," said Resources & Energy Group Managing Director J. Daniel Moore.
The application package includes 10 prospecting licence applications covering 1,816 hectares alongside one exploration licence application covering roughly 5,669 hectares.
Following the announcement, the Resources & Energy Group share price was unchanged at $0.007.
The Menzies district retains a historic gold production record, yet significant areas remain underexplored using modern techniques.
The expanded tenure sits near historical workings and covers favourable geology intended to support exploration through 2027 and beyond.
