DEG 0.00% $1.18 de grey mining limited

Ann: Positive drill results extend Withnell potential, page-2

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    100m depth extension. At DEG's estimate of 1200/oz per vertical metre that is an extra 120koz. Not sure if sufficient drilling to add all of this to JORC but we have a good idea it's there. Should expand Withnell to 500koz deposit across OP and UG.

    Toweranna should be close to 500koz soon too.

    Mallina quite a way off but new drilling to me signals potential for 500koz their too.

    We should be able to get 1.5Moz in the Withnell mining centre pretty quickly and a decent amount of those ounces are already in the indicated category. Using just measured and indicated we would have a 7-8 year LOM at 100koz p.a. with plenty of exploration upside.
 
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