Ann: Placement of $1.488m to Progress East Menzies Gold Project, page-13

Interesting times ahead!!

- Expected outcome includes producing 821 ounces of gold, generating $2.7 million revenue at a gold price of AUD$3,300, with potential for larger-scale vat leach campaigns if economic viability is confirmed.
- The previously announced (refer ASX announcement dated 22 November 2023) standby working capital facility of $600,000 provided by directors of REZ was not utilised during the March quarter.
- New shares to be issued on 9 May 2024 so expect the trading volume increase
- in the meantime $92.40 spend seems to be the common buy/sell trade to keep the price lower as possible...

GLAH