Attached below is a terrific report released yesterday from Bell...

Attached below is a terrific report released yesterday from Bell Potter (ie. prior to today's announcement). Covers Falcon and Crow in quite a bit of detail. Some of the snippets I like below:

"We now expect Resource growth potential at Hemi of between 3.5Moz and 5.9Moz for a midpoint of 4.7Moz and for total potential Resource at the MGP of 6.8Moz."

"Apart from the increased Resource potential this drilling has defined [Falcon], it also shows the Hemi discovery continuing to deliver consistent, wide, ore-grade intersections. The positive for us is that this points to orebody geometries that are conducive to productive, largescale, low-cost open-pit mining methods."

"Crow, which had initially been perceived as a large but low-grade potential supplement to the Aquila and Brolga Zones is now showing higher grades that could not only make a greater contribution to the Resource but also improve the economics of going deeper on the adjacent and higher grade Aquila Zone – thus capturing more ounces overall. "

"While DEG’s valuation is high, limiting the field of potential ASX-listed partners, 49% of the current Resource is in the higher confidence Measured and Indicated categories and drilling from the Hemi discovery is near-surface, consistent and continuous. These factors make it a simpler proposition for external parties to assess, cheaper to drill out to Reserve status and quicker to develop – lowering the risk for a potential partner. "



DEG - New Discoveries Lift Resource Potential.pdf