Resources & Energy Group Limited has finalized the divestment of its Mount Mackenzie Gold Project in Queensland to QMines Limited. The transaction, now settled, generated total proceeds of $2.485 million. This amount includes $1 million in cash—comprising a previously received $100,000 deposit—and 33 million fully paid ordinary shares in QMines valued at $0.045 per share, which are subject to a 12‐month escrow period. The move supports Resources & Energy Group Limited’s strategic focus on advancing its East Menzies Gold Project in Western Australia. The company is redirecting its resources towards scalable, self-managed gold production and broad exploration initiatives across its extensive tenement package. Moreover, retaining an equity stake in QMines maintains a degree of exposure to any future success at Mount Mackenzie, providing potential long-term upside from the disposed asset. Bullish sentiment may be driven by the robust strengthening of the balance sheet and the clear strategic realignment towards a high-potential asset in Western Australia. Retaining QMines shares offers the possibility for additional benefits if the partner performs well post-transaction. Conversely, bearish views might point to the limited immediate cash benefit and the uncertainty associated with holding shares under escrow, which may delay the realization of their full value. Overall, the news is largely seen as a positive step towards consolidating focus on core assets while still maintaining a stake in future opportunities.