Highlights

  • Resources & Energy Group has pegged ten new Prospecting Licence applications covering 1,816 hectares and lodged one new Exploration Licence application comprising 19 sub-blocks across approximately 5,669 hectares at the Menzies Goldfield.
  • The tenure expansion increases the company's total granted and pending landholding at Menzies by approximately 69 per cent to more than 18,250 hectares across the district.
  • New licence applications were selected based on historical datasets, regolith mapping, structural interpretations, and legacy drilling, targeting areas with shallow gold potential close to known mineralised trends.
  • Several of the new Prospecting Licence applications are located immediately east of the Gigante Grande Mineral Resource, reinforcing the company's control over an emerging gold corridor in the Menzies district.

Resources & Energy Group Limited (ASX:REZ), an independent ASX-listed minerals explorer and developer focused on the Menzies Goldfield in Western Australia, announced on 5 November 2026 that it had materially expanded its land position in the district through the strategic pegging of ten new Prospecting Licence applications and the lodgement of one new Exploration Licence application. The combined additions cover approximately 7,485 hectares across the Menzies district, bringing the company's total granted and pending tenure at Menzies to more than 18,250 hectares. The Menzies Goldfield is located approximately 130 kilometres north of Kalgoorlie within the Wiluna–Norseman Greenstone Belt, one of the premier gold-producing geological provinces in Australia.

Strategic Rationale for the Tenure Expansion

The selection of the new licence areas followed a detailed review of historical datasets, including regolith mapping, structural interpretations, and legacy drilling information. The company identified several characteristics that made the new application areas attractive: their proximity to historical gold workings and known mineralised trends; shallow weathered geological profiles well-suited to low-cost aircore drilling; underexplored structural corridors that run parallel to major gold-bearing shear zones; and historical geochemical anomalies in regolith sampling that had not been systematically followed up with modern exploration techniques.

Of particular note is the positioning of several of the new Prospecting Licence applications immediately east of the Gigante Grande Mineral Resource, an emerging deposit within the Menzies Goldfield. By expanding the tenure boundary around this area, Resources & Energy Group aims to consolidate its control over what it characterises as a developing gold corridor. The company's managing director highlighted that the Menzies district carries a long history of gold production but that large areas remain inadequately tested by modern methods, suggesting opportunities for new discoveries in underexplored ground using contemporary drilling and geophysical approaches.

Tenure Details and Next Steps

Prior to the announcement, Resources & Energy Group held 55 Prospecting Licences covering approximately 8,127 hectares, one Exploration Licence comprising seven sub-blocks covering approximately 2,051 hectares, and three Mining Leases covering 622 hectares at Menzies. The new applications add ten Prospecting Licences covering 1,816 hectares and one Exploration Licence comprising 19 sub-blocks covering approximately 5,669 hectares. This brings the total Prospecting Licence count to 65 and the Exploration Licence count to two. The company's total Menzies tenure now exceeds 18,250 hectares, representing the full combined area of granted and pending licences and leases.

Upon grant of the new tenements, the company intends to undertake a progressive exploration program that includes seeking relevant approvals for on-ground activities, reconnaissance mapping and sampling across priority areas, geophysical reviews to refine structural targets, and the preparation of maiden drilling programs targeting shallow oxide gold potential. These activities are intended to complement existing and ongoing exploration programs across the broader Menzies Goldfield tenure and support the company's stated goal of accelerating exploration in calendar year 2027 and beyond. Gravity surveys and additional assay results from recent drilling are also pending across other parts of the company's existing tenement package.

Key Takeaways

Resources & Energy Group's decision to significantly expand its tenure at Menzies reflects a disciplined approach to building a larger and more coherent land position in a historically productive Western Australian goldfield that the company believes remains materially underexplored. By nearly doubling its licensed hectarage and strategically targeting areas adjacent to known mineral resources and historical workings, the company has enlarged the pipeline of targets available for systematic evaluation. The low-cost nature of the tenure expansion, combined with the shallow exploration potential of the new areas, aligns with the company's strategy of building towards cost-effective, rapid-testing drill programs. As pending applications move towards grant and exploration programs ramp up into 2027, the Menzies Goldfield's expanded tenure base may become an increasingly important element of the company's Investment narrative.