De Grey Mining Ltd (AU:DEG) has released an update.
De Grey Mining Ltd has secured a $150 million loan from the Australian Government’s NAIF, forming part of a $1 billion debt facility to fund the Hemi Gold Project. The project is set in a prime location with significant infrastructure advantages, and recent financial evaluations indicate improved project returns. With environmental approvals on the horizon and ongoing exploration, De Grey is positioned for substantial growth in gold production.
For further insights into AU:DEG stock, check out TipRanks’ Stock Analysis page.
