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

De Grey Mining Limited is a Western Australian gold explorer and project development company.

The Company’s activities are focussed on the 100% owned Mallina Gold Project in the Pilbara region of WA. Here, De Grey has made a large scale, high value, near surface gold discovery at an area called Hemi.

In September, De Grey released a highly-encouraging DFS at Hemi – forecasting average annual production of 530,000oz over the first 10 years for pre-tax free cashflow of $6.3 billion. This study arrived in tandem with an increased JORC ore reserve of 6moz @ 1.5 g/t gold. First gold is expected in H2 2026.

KEY PEOPLE

Mr. Jardine is a senior mining executive with direct experience growing resource companies from early stage exploration through to multi-operation entities. This includes taking projects through feasibility studies, equity funding, debt financing, project development and operations. Commodity experience includes precious metals, base metals and bulk commodities across underground and open pit operations. Processing methods utilised at these projects and operations include CIP/CIL, DMS, sulphide flotation, BIOX, pressure oxidation and SX/EW. Projects developed have received Australian State and Federal recognition for environmental best practice and health and safety and human resources systems.

Mr Holmes is a highly experienced project development, operational readiness, and corporate mining executive with over 30 years’ experience in the gold mining industry including with Barrick Gold Corporation (Barrick) and prior to that with Placer Dome Asia Pacific (Placer). He has worked across
various jurisdictions including Australia, Canada, United States and South America.

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.

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.

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.