Resources & Energy Group (ASX:REZ) has secured approval from the Department of Mines, Petroleum, and Exploration to transition the Maranoa deposit within the greater Menzies Goldfields Project in Western Australia to become a full-scale vat leach gold producer.
The amended mining proposal approves construction for eight additional vat leach cells, each offering a 5,000 tonne capacity for a total of 40,000 tonnes.
Managing Director Daniel Moore says the return of this approval is a pivotal milestone for the company.
“By scaling up from trial operations to a commercial program, we can establish near-term gold production and create a self-funding platform for growth,” Moore says.
“Ultimately, cash flow from production will directly support resource drilling, exploration, and further development across the entire East Menzies Gold Project.
“This marks the beginning of a new growth phase for Resources & Energy.”
After completing the current trial program with a desired outcome of 5,000 tonnes produced, the company intends to advance the deposit with further expansion.
Resources & Energy Group is a gold explorer and miner focused on unlocking the East Menzies Gold Project’s full potential.
Write to Maddison Elliott at Mining.com.au
Images: Resources & Energy Group
