Resources & Energy Group Limited advised that the second Granny Venn milling campaign was completed in late December 2021. 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 27th December.

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.