Riding a Rocket!
How De Grey Mining took two years to be an ASX Pilbara gold Superstar.
The 259th Sydney Mining Club – Lunch
at 12:30 pm on 3 June 2021 at the Ivy Ballroom
Come and hear MD Glenn Jardine and Chairman Simon Lill describe their project and life on the burning nose of a $2bn company – ‘Australia’s fastest growing gold company’.
From a share price of $0.05 to $1.50 in 18 months is warp speed success for a gold company. De Grey’s Mallina goldfield is a new province that has also swept the attention of the gold punters and many Archaean gold explorers north from the Yilgarn into the Pilbara, a province better known for the astronomical tonnes of iron it exports and the money it courses through Australia’s economic veins.
Lying just a few tens of kilometres from Port Headland and right next Route 1, the Mallina field has seven mineralised intrusives in a corridor 150km long. De Grey hit the core of the intrusion-hosted Hemi deposit first shot. It is shallow, open cuttable, has an indicated gold recovery of 93%, is surrounded by tantalising targets, and has some juicy sweet spots. Like 14m @ 21.2g/t Au from 50m. What’s not to like.
Hemi will add to the 2.2Moz the Company has under its belt across the Mallina field. In just over 12 months, 137,000 m of drilling has been completed – a few hundred metres a day. The rocks are time equivalents of the Yilgarn province in WA’s south, the well-known host of Kalgoorlie and so the origin of so much of the State’s gold wealth. New eyes, new thinking and lots of drill rigs.
- Forums
- ASX - By Stock
- DEG - Expect news on Thursday
Riding a Rocket! How De Grey Mining took two years to be an ASX...
-
- There are more pages in this discussion • 47 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DEG (ASX) to my watchlist
|
|||||
Last
$1.18 |
Change
-0.010(0.84%) |
Mkt cap ! $2.828B |
Open | High | Low | Value | Volume |
$1.20 | $1.20 | $1.18 | $7.303M | 6.165M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 263586 | $1.18 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.19 | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2896 | 1.180 |
6 | 42652 | 1.175 |
6 | 38599 | 1.170 |
2 | 112808 | 1.165 |
7 | 53648 | 1.160 |
Price($) | Vol. | No. |
---|---|---|
1.190 | 12808 | 1 |
1.195 | 12808 | 1 |
1.200 | 117857 | 2 |
1.205 | 62544 | 2 |
1.210 | 24544 | 3 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
Featured News
DEG (ASX) Chart |