REZ Confirms Gold Resource Extensions at East Menzies Goodenough Prospect

Strong Gold Intercepts Validate Resource Extensions at Goodenough

Resources & Energy Group (ASX:REZ) has delivered encouraging assay results from its recent reverse circulation drilling campaign at the East Menzies Gold Project in Western Australia. The February 2026 program, comprising 18 holes across Goodenough, Gigante Grande, and Maranoa prospects, confirmed extensions of gold mineralisation beyond the current Goodenough Mineral Resource Estimate (MRE), reinforcing the deposit’s growth potential.

The standout intercept came from drillhole 26GERC028 at Goodenough, which returned multiple mineralised zones including 2 metres at 3.12 g/t gold from 39 metres, and a broader 6 metres at 1.00 g/t gold starting from 84 metres. This hole, drilled vertically near the historic Vujcich shaft, not only validates the geological model underpinning the recent MRE but also highlights significant near-surface gold mineralisation that could enhance economic extraction prospects.

Southern Extensions Confirmed with High-Grade Hits

Further south, drillhole 26GERC027 intersected multiple mineralised zones including a 2-metre interval grading 2.64 g/t gold with a high-grade 1-metre section at 5.02 g/t from 116 metres. This deeper angled hole tested the structural interpretation of a plunging high-grade shoot and suggests mineralisation remains open at depth, with potential for further expansion through follow-up drilling or diamond core tails.

These results support the company’s plan to revise and optimise the Goodenough Mineral Resource Estimate, incorporating both the February 2026 data and previously unreported August 2023 drill results. The latter included several high-grade intercepts near surface, reinforcing the deposit’s continuity and grade distribution.

Broader Drilling Program Advances Project Development

Beyond Goodenough, the drilling at Gigante Grande and Maranoa prospects yielded modest but confirmatory results, with Maranoa’s single hole intersecting low-grade gold mineralisation consistent with geological models. The company has also completed a further drill program, with assay results pending, which could provide additional resource upside.

REZ’s Managing Director, J. Daniel Moore, emphasised that the program “confirmed extensions of gold mineralisation outside our current resource estimate and verified significant gold near surface,” describing the findings as “highly encouraging” for the deposit’s potential.

Next Steps Focus on Resource Update and Development Planning

The company intends to conduct multi-element re-assays on select drillholes to refine exploration vectors and plans further drilling to test near-surface extensions on Goodenough’s western edge. An updated JORC 2012 Mineral Resource Estimate for Goodenough is underway, integrating the latest drilling and a recent LIDAR survey. Concurrently, REZ is assessing near-term development and mining restart opportunities at both Goodenough and Maranoa, aligning with its strategy to unlock multiple value streams within the East Menzies portfolio.