Nearest to the Pin, page-3

Not all is going to be 300m wide.

Interesting Argonaut just added 1m oz to their estimate
The scale of De Grey Mining’s (DEG) Hemi discovery looks to be something previously unseen in the Pilbara region of Western Australia. Argonaut has increased its estimate for this discovery from 1.9Moz to 2.8Moz gold. The deposit remains open in most directions, with indications that mineralisation is improving to the southwest and down-plunge. We see the potential for repeats of large scale mineralised systems like Hemi in the greater Mallina Project given its scale (~140km strike) and favourable structural setting with interpreted mantle tapping faults. Within an 8km radius of Hemi, there are several analogous targets, many of which have gold defined in shallow drilling. Speculative Buy recommendation maintained.

To think 3km away and nothing priced into the current SP.
ANTWERP PROSPECT
At Antwerp, located approximately 5km SW of the Hemi prospect, the new aircore drilling program has intersected
shallow high grade gold mineralisation in BWAC185 (6m @ 10.7g/t) and BWAC211 (4m @ 21.7g/t) hosted in a
mafic intrusion with dimensions of approximately 2.5km x 1km bound by two interpreted thrusts (Figure 2). These
encouraging high grade results complement historic shallow widespaced drilling (200-400m) results including 8m
@ 0.8g/t Au inc. 4m @ 1.3g/t Au and 16m @ 0.7g/t Au (including. 8m @ 1.3g/t Au). Further follow-up drilling is
required to better assess the potential of this prospect.