DEG 2.02% $1.22 de grey mining limited

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

  1. 9,048 Posts.
    lightbulb Created with Sketch. 3929
    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.
 
watchlist Created with Sketch. Add DEG (ASX) to my watchlist
(20min delay)
Last
$1.22
Change
-0.025(2.02%)
Mkt cap ! $2.911B
Open High Low Value Volume
$1.23 $1.24 $1.21 $4.502M 3.703M

Buyers (Bids)

No. Vol. Price($)
2 32320 $1.21
 

Sellers (Offers)

Price($) Vol. No.
$1.22 19426 4
View Market Depth
Last trade - 16.10pm 23/08/2024 (20 minute delay) ?
DEG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.