REZ 0.00% 1.3¢ resources & energy group limited

Lamington hired to process a "diverse variety of commodities"....

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    Lamington hired to process a "diverse variety of commodities". This starts with 5,000 tonnes of Maranoa ore grading 4.6 g/t au. Prior postings evaluated a conceptual free cash flow of up to $29M over 24 - 36 months from processing 51,000 ounces (proven) of gold from Maranoa and Goodenough. The comment about diverse variety of commodities relates to Springfield nickel project that hosts leachable nickel ore (that does not require pressure processing). Assume that we will soon see updates on Springfield including recent drilling campaign data. Earlier results sent REZ up to 3.5 cents before retreating to current levels. The market is applying a NIL EV to Springfield and potential multi million ounce gold resources that are located along the eastern extension of East Menzies known as Gigante. Assume that shallow oxidized sections of Gigante may also be amenable to vat leaching. Good luck to all longs.
 
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Mkt cap ! $6.497M
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1.3¢ 1.3¢ 1.3¢ $520 40K

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Last trade - 15.56pm 03/05/2024 (20 minute delay) ?
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Last updated 15.56pm 03/05/2024 ?
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