Resources & Energy Group Limited (ASX: REZ) has completed the second Granny Venn milling campaign in Western Australia.
A total of 24,344 tonnes were milled at Golden Mile Milling’s (GMM) Lakewood Plant. This quantum included 925t of low grade “flushing” ore, which was put through the mill to enable recovery of any entrained gravity and leach recoverable gold being freed before completion of the toll.
The second toll treatment (T2) for the Granny Venn Cutback has been completed. During the campaign a total of 24,344 tonnes were milled at an unreconciled head grade of 2.20g/t au for 1497 ounces of Gold.
An operational issue at the plant just before Christmas, delayed the final production of gravity bar (REZ12G) which was ultimately poured on the December 27, 2021.
The final reconciliation will be completed as soon as all assays and outturns are received from the Perth Mint Refinery, and gold in circuit (GIC) adjustments to production are accounted for.
The completion of T2 represents the final production from the Granny Venn Ramp and North Cutbacks.
Development is now focussed entirely on production from higher tenor ore located within the Eastern Cut back. As of Sunday, January 2, 2022, a total of 8,145 tonnes of ore from the Eastern Cutback has been stockpiled at site.
Discussions are taking place with GMM with a view to locking in a date for the projects third toll campaign.
Resources and Energy Group Limited has projects located in premier mining jurisdictions in Western Australia and Queensland.
In Western Australia, the company’s flagship is the East Menzies Gold project (EMGP), situated 130km north of Kalgoorlie. The EMGP represents a +100 sq. km package of contiguous mining, exploration, and prospecting licenses, which are located within a significant orogenic lode gold province,
For resource growth, the company’s focus is presently exploring the eastern and southwestern sides of the project area (Gigante Grande and Springfield Prospects). On the western side of the project area studies to investigate opportunities for renewed mining operations in M29/189 Granny Venn, M29/141 Goodenough, and M29/427 Maranoa have commenced.
Most recently the company completed grade control drilling within the Granny Venn open pit and has resumed mining operations at the Granny Venn Open Pit Gold Mine.
As of End July 2021, the company has combined gold and silver resources (JORC 2012) of 192k oz/au and 862k oz/au ag.
For further information please visit: https://rezgroup.com.au/
