De Grey Mining is looking to institutional investors to fund the development of what it believes may become one of the largest producing gold mines in Australia.
De Grey Mining has released a positive scoping study for its Mallina gold mine in the Pilbara, which will cost nearly $900 million and be one of the largest in Australia.
Gold has stood the test of time proving it to be a stand-out performer in 2020 following the onset of COVID-19. March saw the price of the yellow metal fall to US$1,486 per ounce before rising by a stunning 40 per cent to hit an all-time US$2,067 per ounce high in August. What does 2021 hold for gold?
De Grey Mining managing director Glenn Jardine says the explorer's heady market valuation is a fair reflection of the potential scale of its Hemi discovery.
Aspiring gold producer De Grey Mining has received commitments to raise $100 million, which it will use to fund ongoing exploration at its Mallina project in the Pilbara.
Gold junior De Grey Mining is raising $31.2 million from a share placement to continue exploring its Mallina project in the Pilbara, with a focus on the recently announced Hemi discovery.
ASX-listed Coziron Resources has field plans well underway in preparation for a drill campaign to commence on the first phase of diamond holes at its Top Camp prospect in WA's Pilbara region. Three holes are planned to follow up the company's maiden discovery at Top Camp that included 8 metres grading 10.2 grams per tonne gold. Coziron will use the data to understand the mineralisation and plan further drilling.
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Uranium explorer Peninsula Energy is planning a $9.1 million capital raising to fund costs associated with its mines in the US, while De Grey Mining is planning to raise $5 million to fund exploration activities at its Mallina gold project, near Port Hedland.
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De Grey Mining has raised $6 million, with ASX-listed DGO Gold investing $5 million in the placement, to expand exploration work at the company's Pilbara gold project.
Local explorer De Grey Mining will proceed with a $15 million acquisition of the Indee gold project, located near Port Hedland, from private company Northwest Nonferrous Mining Australia.
Anova Metals has appointed Jake Campbell as general manager of operations and he will be responsible for the management, and overseeing the transition from development to production, of the Second
Canada's Kirkland Lake Gold, which is a major backer of TSX-listed Novo Resources Corporation - the company at the centre of a mini gold rush in the Pilbara - has thrown its weight behind Perth-based explorer De Grey Mining, which is one of several local explorers active in the same area.
Local explorer De Grey Mining has progressed plans to develop its Pilbara gold project with the release of a scoping study today, which revealed a development cost of $96 million.
Metals explorer De Grey Mining has entered into an option agreement to acquire private company Northwest Nonferrous Mining Australia's Indee gold project near Port Hedland for $15 million.
Jolimont-based precious and base metals explorer De Grey Mining Ltd has raised $3.3 million for working capital through a placement, ahead of further exploration at its Turner River project.
Western Australia's miners have warned that the State may not be able to meet future demand for its resources unless approval processes, particularly environmental approvals, are streamlined.
