De Grey Mining - DEG (ASX) News & Expert Insights from Stockhead

De Grey (ASX:DEG) is a Western Australia-based mining company engaged in exploration and development activities for gold, silver, zinc, lead, and base metals. The company’s primarily holds interests in the Pilbara Gold Project “PGP” covering an area of greater than 1,200 square kilometres located only some 80 kms to the south of Port Hedland, within the Pilbara region of Western Australia.

The PGP is an exciting Australian gold growth project, in what is considered an emerging gold province. It has stated its corporate objective of drilling to define a 3.0Moz Resource, currently at 1.4Moz Resources, with an immediate target of 2.0Moz Resource by end of calendar 2019.

It is aiming to transition to new gold producer, with its PFS studies progressing and where recently it has increased those studies scale up to a proposed 2Mtpa processing facility. The De Grey share register includes two important cornerstone investors, the ASX and TSX listed Kirkland Lake Gold Limited, as well as the Ed Eshyus managed ASX listed DGO Gold Limited.

KEY PEOPLE

Simon Lill - Executive Chairman

Simon Lill has over 25 years experience in stockbroking, capital raising, management, business development and analysis for a range of small and start-up companies, both in the manufacturing and resources industries. He holds a Masters of Business Administration, along with a Bachelor of Science, both from the University of Western Australia and has worked specialising in restructuring activities.

Andy Beckwith - Executive Technical Director

Andy Beckwith has over 30 years of Geological and Management experience; working as the Managing Director for Westgold and in senior management roles with Anglo. He holds holds a Bachelor of Science (Applied Geology) from the University of South Australia and has had significant impact in the rebirth of the company.His more recent role as Managing Director saw him successfully build Westgold to circa 5M ounces of resources.

Phil Tornatora – Exploration Manager

Mr. Tornatora joins De Grey Mining with over 25 years of geological experience; with over 4 years as General Manager of Exploration at Northern Star. During this time Northern Star advanced from a single mine operation to a multi-mine company producing around 500Koz gold per annum. Prior to this, Phil worked as Exploration and Geology Manager for Galaxy Resources. Philip has a Bachelor of Science (Hons), Master of Economic Geology, and is a member of the AUSIMM and AIG. He has worked on numerous projects, both in Australia, Africa and SE Asia, with his extensive experience being a welcomed addition to the team at De Grey.