Resources & Energy Group (ASX:REZ) has expanded its tenure at the Menzies Goldfield in Western Australia by approximately 69%, lodging ten new Prospecting Licence applications covering 1,816 hectares and one new Exploration Licence application comprising 19 sub-blocks (~5,669 hectares), bringing the company's total granted and pending tenure at Menzies to more than 18,250 hectares (182.5 km²).

Key Points

  • Ten new Prospecting Licence applications pegged across the Menzies district, covering 1,816 hectares
  • One new Exploration Licence application comprising 19 sub-blocks (~5,669 hectares) also lodged
  • Total granted and pending tenure at Menzies increases by ~69% to more than 18,250 hectares (182.5 km²)
  • Several new Prospecting Licence applications are located immediately east of the Gigante Grande Mineral Resource (1.39 Mt @ 0.91 g/t Au for 40,700 oz Au)
  • Updated tenure totals: 65 Prospecting Licences (~9,944 ha), 2 Exploration Licences (~7,720 ha), and 3 Mining Leases (622 ha)

New Licence Application Details

According to the filing, the ten new Prospecting Licence applications are distributed across three localities: South Menzies (1 licence, 172 hectares), Menzies near Granny Venn Access Road (2 licences, 351 hectares), and Menzies East (7 licences, 1,293 hectares). The new Exploration Licence application adds 19 sub-blocks totalling approximately 5,669 hectares. Combined, the new applications cover 7,485 hectares across 11 tenements, adding to REZ's previous holding of 59 tenements covering approximately 10,800 hectares.

Application Selection Criteria and Proximity to Gigante Grande

The filing states the new tenure applications were selected following a detailed review of historical datasets, regolith mapping, structural interpretations, and legacy drilling information. Key drivers cited include proximity to historical gold workings and known mineralised trends, shallow weathered profiles described as suitable for aircore drilling, underexplored structural corridors parallel to major gold-bearing shear zones, and regolith anomalies identified in historical sampling. Several of the new Prospecting Licence applications lie immediately east of the Gigante Grande Mineral Resource, which the company disclosed in a prior filing as 1.39 Mt at 0.91 g/t Au for 40,700 oz Au.

Planned Next Steps Following Tenure Grant

The company disclosed that upon grant of the new tenements, it intends to seek necessary approvals for on-ground exploration, undertake reconnaissance mapping and sampling across priority areas, complete geophysical reviews to refine structural targets, and prepare maiden drilling programs targeting shallow oxide gold potential. The filing states these activities will complement current and ongoing exploration across REZ's broader Menzies Goldfield tenure. The company said it will work with stakeholders to bring the applications to grant and will update shareholders as exploration activities advance.