DEG 2.15% $1.37 de grey mining limited

Ann: Further High Grade & Expanded Footprint at Hemi, page-466

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3 Posts.
    lightbulb Created with Sketch. 34
    copy and paste quickest way I've found, takes longer to remove all the duplicated results in their tables...

    ah, I did only skim for it, guess i didn't go back far enough. Getting about 1.8 Moz for Brolga
    https://hotcopper.com.au/data/attachments/2265/2265736-61d1dbafc8c0b59f0c83a8c9d3dbb5c1.jpg


    In terms of the down dip extension for Brolga - The holes which will either confirm or deny this extension do not appear to have had complete assays reported yet (HERC072D and HERC055D). I believe the mineralisation will continue down dip but may not be in intervals as large as up dip - lesser enrichment from supergene processes maybe? These holes are also likely geotechnical holes so will sit somewhere near an initial pit outline (diamond tail on RC pre-collar from the naming convention - along with HERC049D) - this may give an initial pit outline like below, down approx. 320m, approaching UG mining depth;

    https://hotcopper.com.au/data/attachments/2265/2265714-c7ac5751f26fe04fe51370bb34c8978b.jpg

    HERC072D, 55D and 49D were initially reported on at start of June, so given lab turnaround times and probable internal QAQC, I think these results are due very soon.

    As for Crow - too soon to tell really, need more deeper results. Conservatively 'generous' effort here with a lower cut off grade (0.2 g/t). Will easily be economical with Brolga and Aquila next door, economies of scale comes into play here, and still very early days.

    https://hotcopper.com.au/data/attachments/2265/2265761-4346965bdae7cf8acb977375b13d2b12.jpg

    https://hotcopper.com.au/data/attachments/2265/2265737-ebc515e069d97915ee7f1003db119765.jpg

    Is too early to try correctly guess numbers, I would like to think that with all the information they have released to market that our estimates are somewhat in the ball park.
    Brolga - 1.8 Moz
    Aquila - 0.67 Moz
    Crow - 0.6 Moz
    = 3.07 Moz to put DEG total over 5 Moz, with plenty of upside in the immediate Hemi area at Crow and south of Brolga. Is really starting to look impressive.

    https://hotcopper.com.au/data/attachments/2265/2265785-e7afdd860dce9a623e450b2efbc9b48d.jpg

    It is fun to play around with all this, but it is all a guess as we do not have access to their database - would also think that the reporting of results will start to slow down now with +$1 bill MC, not so much of a need to go to market for funding, hopefully I am wrong on this



 
watchlist Created with Sketch. Add DEG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.