De Grey Mining Ltd

Today we are excited to announced that De Grey has entered into a binding Scheme Implementation Deed (SID) under which it is proposed that Northern Star Resources Limited will acquire 100% of De Grey by way of Scheme of Arrangement Upon implementation of the Scheme, Northern Star will acquire De Grey and our flagship Hemi Gold Project, a low-cost, long-life and large-scale gold development project in the Pilbara region of Western Australia. The Scheme consideration, payable in Northern Star shares, values De Grey’s equity at approximately $5 billion on a fully diluted basis and has been unanimously recommended by the De Grey Board. Full details of the news can be found in our ASX announcement, here: https://bit.ly/4icZtHo   #DeGreyMining #DEG

We recently celebrated the dedication and hard work of 64 team members who have reached significant employment milestones with #DeGreyMining.   A heartfelt thank you to these incredible individuals for their valuable contribution, dedication and commitment. Your efforts are instrumental in advancing one of Australia's most exciting gold discoveries at #Hemi. #DEG #ServiceRecognition #People

At De Grey, we aspire to be outstanding community partners who engage with and support the long-term goals of the people and places neighbouring our operations.    We are looking for a Senior Advisor Community and Social Performance, who will focus on building and maintaining relationships with key stakeholders based on mutual trust, positively impacting communities through social and economic development, and developing and implementing policies, procedures and plans related to De Grey's social performance.   By joining our team, you will play a pivotal role in fostering strong community relationships and driving initiatives that align our operations with the needs and aspirations of neighbouring communities. Apply now - https://lnkd.in/gSfyeTaw #DEG #HemiGoldProject #GoldMining #ApplyNow #CommunityandSocialPerformance #SeniorAdvisor

De Grey is redefining the Pilbara with one of Australia's most exciting gold discoveries. Located approximately 85km south of Port Hedland, the Hemi discovery is a large scale, high value, near surface gold discovery located near world class infrastructure . Our vision is to be a Leader in Gold. By joining our team, you will have the chance to shape our success from the outset as we deliver a world-class project. We are looking for a Manager Contracts and Procurement, reporting to the Project Director, who will oversee contracts, procurement, and supply functions, focusing on developing frameworks and policies. Apply today - https://lnkd.in/gyPPSt9r #DEG #HemiGoldProject #ContractsAndProcurementManager #ApplyNow #GoldMining

𝗢𝘂𝘁𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗜𝗻𝗳𝗶𝗹𝗹 𝗗𝗿𝗶𝗹𝗹 𝗥𝗲𝘀𝘂𝗹𝘁𝘀 𝗮𝘁 𝗕𝗿𝗼𝗹𝗴𝗮: 𝗣𝗿𝗲𝗽𝗮𝗿𝗶𝗻𝗴 𝗳𝗼𝗿 𝗛𝗲𝗺𝗶’𝘀 𝗖𝗼𝗺𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝗶𝗻𝗴 𝗣𝗵𝗮𝘀𝗲   Recent infill grade control drilling at the Brolga deposit has delivered exceptional results, enhancing our ore production and plant feed planning for Hemi’s future commissioning and ramp-up phases.   Around 60% of assays have been received from a program which increased drilling density in the area where mining will start. This drilling will support a Mineral Resource Upgrade next month and is expected to elevate the first-year of production to a JORC Measured status.   The first year of production at Brolga comprises 9.9Mt @ 1.65g/t Au for 525koz of gold, aligning with our Definitive Feasibility Study.   Our General Manager Exploration, Phil Tornatora, commented: “It is great to see these solid intercepts returned from the infill grade control drilling at Brolga. While not surprising considering the results of previous drilling, it confirms the quality of the Brolga orebody. Many of these holes intersect wide, continuous zones of mineralisation directly beneath the transported cover, where ore production will commence. This drilling continues our strategy of building operational readiness across the business as we await final environmental approvals and a final investment decision for Hemi.”   Read the full announcement here: https://bit.ly/48GMl9f #DeGreyMining #DEG #HemiGoldProject #GoldExploration #Mining #ASX 

This year marks our first participation in STEPtember, and our team has shown incredible dedication by successfully raising funds for this meaningful cause. In line with our commitment to health, wellbeing and inclusion, De Grey decided to match the funds raised, amplifying our contribution. We would like to thank everyone for their hard work and enthusiasm across the month of September and look forward to continuing to strive for excellence both professionally and in our community efforts. #DEG #HemiGoldProject #STEPtember #CommunitySupport 

We are pleased to announce that we will be hosting a stall at the Hedland Economic Forum on Wednesday, November 13. Neil Foster will also be presenting on De Grey's future in the Pilbara and what that means for the local community.   We look forward to seeing you all there! #DEG #HemiGoldProject #PHCCI #HedlandEconomicForum

We had the pleasure of hosting the team at the Port Hedland Chamber of Commerce Inc (PHCCI) at our Wingina Camp yesterday. It was an exciting opportunity to give the team a tour of our facilities, showcasing our exploration process. During the visit, our Community and Social Performance team took them on a tour of Hemi, allowing them to see its size and scale, as well as where the proposed infrastructure would be. This included a visit to a drill rig, providing an opportunity for them to observe our operations in action and engage with the drillers to address any questions they had. The team also visited the core yard, where we demonstrated the processing of core samples after they are extracted from the ground. Shane Boladeras delivered a presentation on the Hemi Gold Project, highlighting the numerous benefits it will not only bring to the Port Hedland community, but to the overall state and national economies. It was a fantastic experience and we were grateful for the opportunity to host the team from the PHCCI. #DEG #HemiGoldProject #SiteTour #CommunityEngagement #PHCCI

We are excited to share that De Grey has been recognised as a finalist for the AMEC Diversity and Inclusion Award! We wish all the other finalists the very best of luck! #DEG #HemiGoldProject #AMECAwards2024 #DiversityandInclusion

We are pleased to announce the successful completion of our $7 million minimum expenditure requirement at the Egina Gold Project. This milestone forms part of the binding Heads of Agreement with Novo Resources Corp for the Egina Project, which comprises a significant 1,034km² tenement package adjacent to our existing Hemi Gold Project.   Key Highlights: - De Grey has satisfied its initial $7 million minimum expenditure commitment at the Egina Project. - The Company now has the right to earn a 50% joint venture interest in the Egina tenements by investing an additional $18 million by June 30, 2027. - Significant exploration work completed, including 34,180m of aircore drilling, 9,129m of RC drilling, and a drone magnetic survey across key prospects. - Initial gold results include:  - 6m @ 1.2g/t Au at Heckmair    - 4m @ 2.1g/t Au at Irvine    - 8m @ 4.7g/t Au at Lowe   Phil Tornatora, General Manager Exploration, commented:  “The Egina Project is an important part of De Grey’s strategy to grow a large Regional scale resource base around the planned Hemi processing plant. The Egina tenements are approximately 1,000km² and significantly grows the land position De Grey has exposure to around Hemi. Egina contains major structures and geological units which extend from Hemi and is prospective for both large intrusion-hosted deposits like Hemi and orogenic gold deposits. Large prospective areas of the Egina Project have not been explored so we believe the area still has exciting potential.”   Read the full announcement here: https://bit.ly/4gZn5OT   #DeGreyMining #DEG #HemiGoldProject #EginaProject #GoldExploration #Mining #ASX