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Resources & Energy (ASX:REZ) - Chairman, Gavin Rezos (left)
Chairman, Gavin Rezos (left)
Source: Business News
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  • Resources & Energy (REZ) has completed a second milling campaign using ore from its Granny Venn deposit in Western Australia
  • Using Golden Mile Milling’s Lakewood Plant, a total of 24,344 tonnes of ore was milled at a head grade of 2.2 g/t gold, representing 1497 gold ounces
  • As of January 2, a total of 8145 tonnes of ore from the Eastern Cutback have been stockpiled at the site, discussions are now in place for a third toll campaign
  • Shares in Resources & Energy are down 1.56 per cent to 6.3 cents as of 3:39 pm AEDT

Resources & Energy (REZ) has completed a second milling campaign using ore from its Granny Venn deposit in Western Australia.

Granny Venn, which boasts an indicated and inferred resource of 175,000 tonnes at 2.1 grams per tonne (g/t) gold, forms part of the larger East Menzies Gold Project, which in turn lies 137 kilometres northwest of Kalgoorlie.

Using Golden Mile Milling’s Lakewood Plant, a total of 24,344 tonnes of ore was milled at a head grade of 2.2 g/t gold, representing 1497 gold ounces. Despite an operational delay at the plant just before Christmas, the final bar was poured on December 27.

“The completion of T2 represents the final production from the Granny Venn Ramp and North Cutbacks,” Resources & Energy said in a statement today.

“Development is now focussed entirely on production from higher tenor ore located within the Eastern Cutback.

As of January 2, a total of 8145 tonnes of ore from the Eastern Cutback have been stockpiled at the site, and discussions are taking place for a third toll campaign.

Shares in Resources & Energy are down 1.56 per cent to 6.3 cents as of 3:39 pm AEDT.

REZ by the numbers
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