Mining
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.
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Mining