DEG 4.76% $1.21 de grey mining limited

Ann: Trading Halt-DEG.AX, page-59

  1. 381 Posts.
    @doodledog, I am not sure where you are sourcing your information from, but as per the announcement by the company on 21/3/16, Degrey owns two tennements E45/2533 and E45/2364.

    Degrey clarified its position on the ownership of the tennements stating, it owns 100% rights including the pegmatites right at E45/2533, whih essentially covers the 8.5km range of outcropping.

    E45/2364 is owned by Degrey but the pegmatites rights are owned by Altona mining.

    At the end of the day e45/2533 is adjacent to the Pilbara's tabba tabba mine and hence the likelihood of spodumene in that tenement is high.

    I am certain the upcoming announcement will include high grade lithium results including spodumene. All in my opinion ofcourse. Cheers.
 
watchlist Created with Sketch. Add DEG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.