DEG 1.25% $1.19 de grey mining limited

This from the WA mining conference recently...We learned that...

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    This from the WA mining conference recently...

    We learned that the use of pressure oxidation (POX) for the liberation of gold is a widely accepted processing methodology globally for processing refractory ores like that at Hemi – just not done yet In Australia owing to the limited scale of other deposits, whereas with the Hemi deposit now having a resource base well north of 10m Oz, the capital intensive POX process is viable.

    A completed project opens a multitude of strategic options for De Grey, from unlocking refractory concentrates from around Australia and transporting them to the Pilbara, to importing concentrates through Port Hedland.

    Evidence of this strategy is already evident through De Grey’s recent strategic investment into Kalamazoo’s Ashburton Gold project.

    Project Director peter Holmes painted a vivid picture of the relative SIMPLICITY OF OPERATING IN THE PILBARA compared with previous experiences in overseeing POX project developments in other parts of the world".

    DYOR, no advice.
 
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