Highlights
- Reconnaissance Drilling along the Springfield-Venn Corridor intersects Nickel Sulphide mineralisation
- Resource modelling at Gigante Grande commences
- Granny Venn Pit Mining reaches Eastern Cutback, first ore production achieved, Milling Campaign at Lakewood commenced 18th October 2021
- Mount Mackenzie Environmental and Hydrological studies commence. Application for Significant Regional Project Status Lodged. Metallurgical test work commences in WA.
Resources & Energy Group Limited (ASX:REZ or the Company) is pleased to provide its Quarterly Activities and Cash Flow Report for the period ending September 30, 2021.
East Menzies Gold Project (EMGP) West Australia
Gigante Grande Prospect
During the report period, modelling work based on results obtained to date has commenced. This work is expected to generate resources in the southern part of the project area. Further drilling and some metallurgical investigation will be required to support the resource estimation process. An initial outcome from modelling is the identification of a shallow, and reasonably flat lying supergene resource which is developed within the sap-rock cover overlying the primary resource.
Granny Venn Cut Back
During the quarterly period, Mining Operations at Granny Venn have excavated approximately 140kbcm of waste, and 22kt of Ore from two cutback areas within the Grany Venn Pit, known as GV Ramp and GV North. Pre-stripping operations have exposed first ore from the GV East cut-back area, which represents the main repository of ore
Springfield Prospect
The Springfield area was identified by the Company following a review of historical exploration and gold mining activities. The documented occurrences of sulphides north of Springfield at Cepline, are prospective features for the occurrence of volcanogenic nickel and base metal deposits as well.
East Menzies Gold Project (EMGP) West Australia
During the Quarterly period the Company completed a water supply assessment of the project site to identify options for securing a reliable water supply for the project. As part of this study, plant water demand, Tailing’s storage requirements and various site layouts have also been evaluated. A key finding from the study is that an adequate and reliable water supply is available. One option available to the Company is a direct allocation of water from the regulatory authority, which has reserved capacity for regionally significant projects. To trigger the process the Company has lodged a submission for the project to be declared regionally significant.
About Resources and Energy Group
Resources and Energy Group Limited (ASX: REZ) is an independent, ASX-listed mineral resources explorer and miner, with projects located in premier mining jurisdictions in Western Australia and Queensland. As of July 2021, the company has delineated gold and silver resources of 192k oz/au and 862k oz/au ag, refer table 1.
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