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De Grey Mining Ltd ( (AU:DEG) ) has provided an update.
De Grey Mining Ltd announced the completion of an infill grade control drilling program at its Brolga deposit within the Hemi Gold Project. The results have demonstrated strong mineralisation consistency, supporting the mine plan and rapid capital payback for the Brolga Stage 1 pit. With a maiden Measured Mineral Resource Estimate of 0.6 million ounces of gold, the company can now proceed with detailed scheduling for production and ramp-up phases, promising substantial free cash flow and reduced payback periods due to current gold prices.
More about De Grey Mining Ltd
De Grey Mining Ltd is an Australian mining company primarily focused on gold exploration and development. The company is principally engaged in advancing its Hemi Gold Project in the Pilbara region of Western Australia, aiming to establish a large-scale, long-life gold mining operation.
YTD Price Performance: 8.36%
Average Trading Volume: 39,069
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.85B
For detailed information about DEG stock, go to TipRanks’ Stock Analysis page.
