Resources & Energy Group Limited - Gigante Grande Data Review at East Menzies Gold Project

About this update from Resources & Energy Group Limited

Resources & Energy Group Limited (ASX: REZ) (REZ or the Company) is pleased to advise that ERM consultants have been engaged to complete a maiden resource at the Gigante Grande Prospect. The resource modelling utilises approximately 10,000m of RC drilling, ranging from 30m to 240m in depth, in sections spaced 20m to 80m apart. The modelling will focus on 900m of strike within the Central Zone at Gigante Grande, where the RC drilling is dense enough and of sufficient depth to undertake this first pass evaluation of the grade and scale of gold mineralisation at the prospect. The results of the maiden resource evaluation will be used by REZ to establish drilling priorities across the Gigante Grande Prospect as well as to indicate the potential for an economically significant resource to be discovered at the prospect. REZ GROUP MANAGING DIRECTOR J. DANIEL MOORE SAID : 'REZ has made great progress towards developing a pipeline of high-quality exploration targets across our East Menzies Gold Project tenements for drill testing in Q2. Ongoing geological investigations across these prospects are helping our exploration team to rank these targets to ensure future exploration programs deliver the best value for REZ shareholders. This resource evaluation is an essential component of the comprehensive exploration targeting data review currently underway across the East Menzies Project tenements. The evaluation will assist REZ in determining the ranking of this granite margin-hosted, large-volume, and typically moderate-grade style of mineralisation against the typically higher-grade prospects that characterise gold mineralisation across the East Menzies Project . EXPLORATION TARGET ZONES The data review has highlighted three principal zones of interest across the East Menzies Project . These zones are based on geological features that host recognised styles of gold mineralisation, allowing predictive drill targeting. The three zones of interest include: Eastern margin of the Gigante Granite - subject of this announcement. Venn-Springfield Fault - hosting Granny Venn, Caesar, and Auntie Nellie open pits. Results from this zone will be the subject of a separate release. Goodenough Syncline - host to historic underground workings and high-grade lodes. Results from this zone will also be released in due course EASTERN MARGIN OF THE GIGANTE GRANITE The eastern margin of the Gigante Granite is deformed by the regional-scale Moriarty Shear Zone and hosts the Gigante Grande prospect. Gold mineralisation at Gigante Grande extends for over 6km and occurs as wide, moderate-grade stockwork vein-style gold mineralisation hosted within the granite margin. Best intercepts previously announced from this prospect include: 65m @ 1.72 g/t Au from 71m in 20EMRC012, including o 20 m @ 5.06 g/t Au from 116 m o 1 m @ 76.4 g/t Au from 134 m (refer ASX Announcement 20 October 2020 ) 93m @ 1.47 g/t Au from 28m in 21EMRC04 (refer ASX Announcement 24 March 2021 ) 115m @ 1.33 g/t Au from 18m in 21EMRC05 (refer ASX Announcement 24 March 2021 ) Contact: Daniel Moore Managing Director and CEO Email: [email protected] Tel: +61 2 9227 8900 Mark Flynn Investor Relations Email: [email protected] Tel: +61 416 068 733 ABOUT RESOURCES & ENERGY GROUP LIMITED (ASX:REZ) Resources & Energy Group Limited (ASX: REZ) is an ASX-listed gold explorer and miner, focused on unlocking the full potential of the East Menzies Gold Project in Western Australia . The Company is committed to advancing cost-effective gold extraction through innovative processing methods, such as vat leaching while exploring additional high-grade gold deposits within its extensive tenement package. COMPETENT PERSONS STATEMENT The information in this release that relates to Exploration Results, geological interpretations, and data validation is based on and fairly represents information compiled by Mr Matthew Rolfe , a Competent Person who is a Member of the Australian Institute of Geoscientists . Mr Rolfe is a full-time consultant to Resources & Energy Group Limited and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Rolfe consents to the inclusion in this release of the matters based on his information in the form and context in which it appears. (C) 2025 Electronic News Publishing, source ENP Newswire

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