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Company News
Northern Star Resources to acquire De Grey Mining in landmark $5b gold sector takeover
Merger and acquisition (M&A) activity in the Australian mining sector has finished the year with a bang, with Northern Star Resources (ASX: NST) and De Grey Mining (ASX: DEG) agreeing to a $5 billion takeover featuring one of Australia’s most significant new mines. The binding scheme implementation deed will see Northern Star acquire De Grey […]
Australian government backs De Grey Mining with $150m loan for Hemi gold project
With gold hovering around US$2,500 per ounce and tipped to rise even further, the Australian government has elected to provide significant new support for a Western Australian precious metal project developer. Through its Northern Australia Infrastructure Facility (NAIF), the government is providing a $150 million loan to De Grey Mining (ASX: DEG) for the development […]
‘Zombie’ mines and high prices help Australia stay near top of the gold pack
While some commentators have suggested the Australian gold sector is in decline, facts and figures show that the hunt for the precious metal is still receiving major investment interest. Australia is the holder of the world’s largest gold reserves even though it has been the focus of numerous gold rushes and massive mining operations since […]
De Grey Mining looks to expand empire with strategic acquisition of Kalamazoo’s Ashburton gold project in Pilbara
De Grey Mining (ASX: DEG) looks set to acquire Kalamazoo Resources’ (ASX: KZR) Ashburton gold project in Western Australia’s Pilbara region as a key part of its future growth plans. Operator of the rich Hemi project, one of Australia’s largest recent gold discoveries, De Grey is adding Ashburton’s 1.44 million ounces – one of the […]
De Grey Mining’s Hemi gold project surpasses 10 million ounces with resource estimate upgrade
The rating of De Grey Mining’s (ASX: DEG) Hemi project as one of the biggest undeveloped gold projects in the world continues to grow with the Western Australian discovery now estimated to contain more than 10 million ounces. With the input of new data from recent drilling successes across the vast Pilbara gold field, De […]
An investors guide to the 2023 Diggers & Dealers mining forum
Investors looking for small-cap mining companies with a bright future discover every year that the best place to find them is also the most difficult. Australia’s remote gold, nickel and rare earth capital, Kalgoorlie in Western Australia, is where there will next week be a concentration of mining company managers at the annual Diggers and […]
Gold’s divided market, sliding majors and rising juniors
Most of the big names in Australian gold mining have had a rough ride recently as the gold price has struggled to reclaim last year’s all-time high, but it’s a different story at the small end of the game where exploration success is the key to share price movement. The difference between producers and explorers […]
De Grey Mining hits high-grade, visible gold at latest Hemi target
In another milestone announcement, De Grey Mining (ASX: DEG) has extended the mineralised footprint of its Hemi gold discovery that could add significantly to its already substantial gold endowment in the Pilbara. The company said reverse circulation (RC) drilling at the Crow prospect has intercepted “thick, high-grade gold”, including visible gold. Hole HERC238 returned 64m […]
Fraser Range Metals to acquire acreage along strike from De Grey’s new Hemi gold discovery
Fraser Range Metals Group (ASX: FRN) has applied for tenements across the under-explored Mallina gold province in Western Australia’s Pilbara region. The highly-prospective tenure is situated in the Mallina Basin, along strike from the Mt Berghaus and Hemi owned by De Grey Mining (ASX: DEG) and confirmed to host a resource base of 2.2 million […]
De Grey Mining reaches 2.2Moz gold resource at Mallina
In a milestone announcement, De Grey Mining (ASX: DEG) said drilling had confirmed a resource of 2.2 million ounces of gold at its Mallina project 60km from Port Hedland in Western Australia. This follows a day after the release of the latest results from drilling in November and December that the company said confirmed shallow […]