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De Grey Mining Limited (DEG) Report Analysis

Corporate Events

Neutral

De Grey Mining Limited - Special Call

2022-05-30 22:21:00

De Grey Mining Limited - Special Call

Positive

De Grey Mining Limited Reports That the Mallina...

2022-05-30 22:21:00

De Grey Mining Limited reported that the Mallina Gold Project Mineral Resource Estimate (MRE) update has been completed by Cube Consulting Pty...

Positive

De Grey Mining Limited Reports the Results of P...

2022-05-11 23:55:00

De Grey Mining Limited reported the results of pilot scale metallurgical testwork from its Brolga zone at Hemi, undertaken at ALS Metallurgy i...

Positive

De Grey Mining Limited Reports Exploration Upda...

2022-05-02 23:54:00

De Grey Mining Limited reported an exploration update from first pass RC and Aircore drilling at Charity Well and RC drilling at Geemas, both ...

Neutral

Goldevents, the Australian Gold Conference 2022...

2022-02-09 07:09:00

Goldevents, The Australian Gold Conference 2022, Jun 14, 2022 through Jun 15, 2022.

Neutral

De Grey Mining Limited Presents at The Australi...

2022-02-09 07:09:00

De Grey Mining Limited Presents at The Australian Gold Conference 2022, Jun-14-2022 10:00 AM. Speakers: Glenn R. A. Jardine, MD & Director.

Positive

De Grey Mining Limited Reports Near Surface Hig...

2022-02-02 22:27:00

De Grey Mining Limited reported these latest resource definition and extensional drilling results from the Falcon deposit at Hemi. The gold mi...

Negative

De Grey Mining Limited Announces Board Changes

2022-01-27 21:24:00

The Board of De Grey Mining Limited announced the appointment of Ms. Samantha Hogg as an independent Non-Executive Director. Ms. Hogg has had ...

Positive

De Grey Mining Limited Reports Latest Resource ...

2021-12-16 22:44:00

De Grey Mining Limited reported latest resource definition results from the Diucon deposit at Hemi. The gold mineralisation at Diucon shows si...

Positive

De Grey Mining Limited Reports Latest Explorati...

2021-12-09 21:18:00

De Grey Mining Limited Reports latest exploration results from the Eagle zone at Hemi. The gold mineralization at Eagle shows similar alterati...

Positive

De Grey Mining Limited Reports These Latest Res...

2021-11-10 21:30:00

De Grey Mining Limited report these latest resource infill drilling results from the Brolga zone at Hemi. The drilling is being conducted as p...

Neutral

De Grey Mining Limited - Shareholder/Analyst Call

2021-10-29 06:09:00

AGM

Negative

De Grey Mining Limited has completed a Follow-o...

2021-10-22 00:00:00

De Grey Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 125 million. Security Name: Ordinary Shares Security...

Negative

De Grey Mining Limited has filed a Follow-on Eq...

2021-10-20 00:00:00

De Grey Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 125 million. Security Name: Ordinary Shares Security Typ...

Positive

De Grey Mining Limited Announces Positive Regio...

2021-10-12 21:19:00

De Grey Mining Limited reported the following drill results at the Withnell Gold Deposit and the Calvert and Gillies prospects located within ...

Neutral

De Grey Mining Limited - Special Call

2021-10-04 21:51:00

To discuss the Scoping Study

Positive

De Grey Mining Limited Presents Range of Outcom...

2021-10-04 21:51:00

De Grey Mining Limited presented the range of outcomes of the scoping study (the Study) completed on its 100%-owned Mallina Gold Project, loca...

Positive

De Grey Mining Limited Announces Greater Hemi C...

2021-09-29 22:32:00

De Grey Mining Limited provides an exploration update for recent drilling activities within the Greater Hemi corridor surrounding the Hemi Gol...

Neutral

De Grey Mining Limited, Annual General Meeting,...

2021-09-21 22:24:00

De Grey Mining Limited, Annual General Meeting, Nov 29, 2021, at 12:00 W. Australia Standard Time. Location: Vibe Hotel 9 Alvan Street Subiaco...

Positive

De Grey Mining Limited Reports Metallurgical Te...

2021-09-20 22:22:00

De Grey Mining Limited reported metallurgical testwork results from its Falcon and Crow zones at Hemi. Hemi is located approximately 60km sout...

Positive

De Grey Mining Limited Reports Latest Explorati...

2021-09-08 22:45:00

De Grey Mining Limited reported latest exploration results from the Eagle prospect at Hemi. The gold mineralisation at Eagle shows similar alt...

Positive

De Grey Mining Limited Reports Latest Explorati...

2021-08-31 22:57:00

De Grey Mining Limited reported these latest exploration results from Diucon at Hemi. The gold mineralization at Diucon shows similar alterati...

Positive

De Grey Mining Limited Announces New Results Su...

2021-08-08 23:27:00

De Grey Mining Limited reported these latest exploration results from the Eagle deposit. Eagle is located immediately to the north of the Diuc...

Positive

De Grey Mining Limited Reports These Latest Exp...

2021-07-21 22:26:00

De Grey Mining Limited reported these latest exploration results from the Diucon deposit. Diucon is located immediately to the west of Crow an...

Neutral

De Grey Mining Limited Presents at Diggers and ...

2021-06-30 19:09:00

De Grey Mining Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 02:05 PM. Venue: Goldfields Arts Centre, Cheetham Street, Kal...

Neutral

De Grey Mining Limited - Special Call

2022-05-30 22:21:00

De Grey Mining Limited - Special Call

Positive

De Grey Mining Limited Reports That the Mallina Gold Project Mineral Resource Estimate (Mre) Update Has Been Completed by Cube Consulting Pty Ltd

2022-05-30 22:21:00

De Grey Mining Limited reported that the Mallina Gold Project Mineral Resource Estimate (MRE) update has been completed by Cube Consulting Pty Ltd, based on additional drilling and assay results to 5 April 2022 at the Hemi gold deposit. The Regional gold deposit MREs remain unchanged from the April 2020 Mineral Resource statement. Overall, the MRE increases include: Hemi increased by 25% contained gold to 8.5Moz; Diucon and Eagle (combined) increased by 78% contained gold to 2.6Moz; Hemi JORC Indicated category increases from 2.8Moz contained gold to 5.8Moz. Mallina Gold Project (MGP) increased 15% to 10.6Moz; MGP JORC Measured and Indicated categories increased by 80% to 6.9Moz. The MRE is based on 323 diamond drill holes for a total of 83,933m and 949 reverse circulation (RC) drill holes for 232,012m including pre-collars completed between February 2020 and the 5 April 2022 cut-off date. The Pre-Feasibility Study (PFS) is well advanced and due in the September Quarter 2022. This PFS will provide an updated assessment of mineable resources, Ore Reserves and economics of the project. Hemi Mineral Resource Update; The Hemi gold deposit is located centrally within De Grey's 1,500km2 Mallina Gold Project (MGP) and immediately southwest of Port Hedland in the northern Pilbara region of Western Australia. The projectbenefits from close proximity to Port Hedland's major infrastructure network, including major highways, port facilities, gas pipelines, overhead 220kV electrical powerlines and associated power stations. Hemi was first discovered by aircore drilling conducted in November 2019 and confirmed by RC drilling in February 2020. Extensive RC and diamond drilling continued during 2020 and 2021 leading to the maiden MRE of 6.8Moz for Hemi announced on 23 June 2021. Additional drilling during 2021 and 2022 has focused on improving the density of drilling within, and resource extensions to, the maiden MRE. This has culminated in this MRE update based on assays to 5 April 2022. Drilling continues to test for extensions to the known deposits at Hemi and new discoveries within the Greater Hemi region. Gold mineralisation at Hemi is hosted in a series of intermediate intrusions associated with sulphide (pyriteand arsenopyrite) stringers and disseminations within brecciated and altered quartz diorites that intrude into the surrounding Archaean aged Mallina Basin sediments. The Archaean basement is eroded and truncated by a 25m to 45m thick horizon of recent transported sediments that are barren of gold mineralisation. The Hemi style of mineralisation was previously unknown in the Pilbara region and shows a scale of gold mineralisation not previously seen in the Mallina Basin. A Scoping Study was completed in October 2021, which highlighted an open pit mining scenario and on-site processing based on a 10Mt annual throughput. The study showed initial potential production of: An average 473,000ozpa at a grade of 1.6g/t Au over the first 5 years; An average 427,000ozpa at a grade of 1.4g/t Au over the 10 year study period. The Scoping Study provided strong and robust economics which are expected to be improved upon during the Pre-Feasibility Study (PFS) currently underway. The PFS is expected to be completed during the September Quarter 2022 and is based on this May 2022 MRE. The Indicated resources of the Hemi MRE occurs within the Open Pit classification to a depth of 370m from surface. The 12 month infill drilling program concentrated on increasing the density of drilling within the previously defined Scoping Study pit shells. The aim of this infill drilling was to increase the Indicated resources for inclusion within the PFS, for potential conversion to reserves. Extensional and discovery drilling is currently underway both laterally along strike and below the Hemideposits which all remain open. Limited drilling has been conducted below 370m depth as drilling focussed on increasing the confidence of resources likely to be exploited by large scale Open Pit mining methods. This drilling has the potential to significantly increase gold endowment below 370m. Drilling of conceptual targets in the Greater Hemi region near surface and at depth also have the potential to discover new large scale intrusion deposits.

Positive

De Grey Mining Limited Reports the Results of Pilot Scale Metallurgical Testwork from Its Brolga Zone At Hemi

2022-05-11 23:55:00

De Grey Mining Limited reported the results of pilot scale metallurgical testwork from its Brolga zone at Hemi, undertaken at ALS Metallurgy in Perth. Hemi is located approximately 60km south of Port Hedland in Western Australia. The new testwork follows previously reported positive metallurgy results for the Brolga, Aquila, Crow and Falcon deposits at Hemi. Testwork was conducted on a 4.5 tonne sample of fresh (primary) mineralisation from five diamond drill holes across the Brolga deposit (HEDD004, 007, 008, 009 and 022). A potential flowsheet for the processing plant at Hemi shows the use of a high pressure grinding roller (HPGR) in the comminution circuit and pressure oxidation (POX) in the sulphide oxidation circuit. Options are available to the Company for the comminution and oxidation circuits. Options considered in the comminution circuit include a SAG-Ball arrangement as adopted in the scoping study, HPGR and Vertical Roller Mills. The Company is conducting a trade- off study between pressure oxidation and Albion oxidation for the sulphide oxidation circuit. The pilot sample was crushed and homogenised prior to continuous pilot scale milling, classification and sulphide flotation. Flotation concentrate was sent for pressure oxidation then cyanide leaching of the oxidised residue. Flotation tails were also cyanide leached. Gold deportment to the flotation concentrate averaged 89.3% (column 1). Cyanidation leach tests on the POx residue of the flotation concentrate averaged a gold extraction of 94.6% (column 2). The combined gold recovery through sulphide flotation and oxidation was 84.5% (column 3). Cyanidation of the flotation tailings produced average gold extractions of 7.4% (column 4) of the overall feed. The combined overall gold recovery was 91.9% (column 5) with a combined tailings grade of 0.07g/t Au from the bulk sample feed grade of 0.9g/t Au. Sulphide recovery into the flotation concentrate exceeded 95%. The concentrate generated in the pilot underwent a comprehensive program of eighteen bench scale pressure oxidation optimisation tests, which showed consistent sulphide oxidation greater than 99%.

Positive

De Grey Mining Limited Reports Exploration Update from First Pass RC and Aircore Drilling at Charity Well and RC Drilling at Geemas

2022-05-02 23:54:00

De Grey Mining Limited reported an exploration update from first pass RC and Aircore drilling at Charity Well and RC drilling at Geemas, both located within the Mallina Gold Project, Pilbara region, Western Australia. Exploration activities within the Company's broader tenement portfolio have been conducted in parallel with resource definition drilling, now completed, at the Hemi deposits in support of the Mineral Resource update and the Pre-feasibility Study. Exploration at Charity Well and Geemas is aimed at testing for large scale mineralised intrusions associated with favourable structural locations. In the second half of 2021 the Company, working together with the representatives from the Ngarluma community, completed cultural heritage surveys over Charity Well, Geemas and the broader Toweranna areas. Surveys were undertaken in two phases and included ethnographic and archaeological surveys. This allowed exploration to commence to test intrusion-related targets in the western end of the tenement package for the first time since the discovery of Hemi. The Charity Well, Geemas and Toweranna areas feature multiple magnetic, gravity and historic drill targets, which are spatially coincident with evidence of subcrop and scatters of intrusive rocks, many of which had seen little or no drilling. These highly prospective igneous lithologies intruded the Mallina Basin and are directly analogous to the Toweranna gold deposit. Charity Well At Charity Well, the prospective target intrusion was originally interpreted to be ~500m in strike length, as delineated in the limited amount of wide-spaced, shallow RAB drilling completed at the area historically. The recent drilling by the Company has now successfully doubled the strike of the intrusion to at least 1km and has returned multiple mineralised intercepts from both RC and Aircore drilling. To date, results from RC drilling within the intrusion have been received for three of the four holes drilled on the eastern-most section, where significant intervals of gold mineralisation have been intersected. The intrusion is open to the northeast and gold mineralisation has been intersected to depths of 300m vertically and remains open. Gold mineralisation at Charity Well is hosted within intervals of predominantly shallowly dipping quartz-pyrite-arsenopyrite veins within broad envelopes of strong sericite alteration in both the intrusion and adjacent sediments. RC drilling has been completed across six 200m-spaced lines and further results are pending. Results from another 10 holes that intersected the intrusion are awaited. The gold mineralisation at Charity Well is within a very similar geological setting to the 524,100oz Toweranna Gold Deposit and represents an exciting opportunity within the Company's target portfolio. New results from exploration RC drilling at Charity Well, reported at a 0.3g/t Au cut-off grade and including higher grade intervals reported at a 0.5g/t Au lower cut-off grade, include: 18m @ 1.5 g/t Au from 23m and 6m @ 2.8 g/t Au from 139m and 13m @ 1.1 g/t Au from 221m in MWRC0264; 15m @ 1.1 g/t Au from 81m in MWRC0263; 18m @ 0.6 g/t Au from 318m in MWRC0265 (ended in mineralisation). Selected intervals from Aircore drilling at Charity Well, reported at a 0.3g/t Au cut-off grade and including higher grade intervals reported at a 0.5g/t Au lower cut-off grade, include: 24m @ 0.3 g/t Au from 8m in MWAC1513; 30m @ 0.4 g/t Au from 4m in MWAC1514; 11m @ 0.3 g/t Au from 8m in MWAC1558; 3m @ 1.1 g/t Au* from 40m in MWAC1562; 8m @ 0.3 g/t Au* from 32m in MWAC1563; 4m @ 3.4 g/t Au from 16m in MWAC1571; 4m @ 0.8 g/t Au from 16m in MWAC1577; 37m @ 0.6 g/t Au from 8mm in MWAC1579. The remaining results from the RC drill program completed at Charity Well are expected to be received during the current quarter. All results will be compiled and interpreted before planning further drilling. Geemas Similar to the results of drilling at Charity Well and at the Toweranna gold deposit, zones of gold mineralisation have been intersected within the target intrusion at Geemas. The gold mineralisation intersected by drilling to date at Geemas is narrower, but also hosted within intervals of predominantly shallowly dipping quartz-pyrite-arsenopyrite veins within broader envelopes of strong sericite alteration in the target intrusion. RC drilling has been completed across five 200m-spaced sections at the main target area. The intrusion at Geemas has been confirmed as having a strike length in the order of 800m and is 300m wide with multiple smaller, subordinate intrusions nearby. Interpretation of results is ongoing ahead of planning further drilling. New results from exploration RC drilling at Geemas, reported at a 0.3g/t Au cut-off grade and including higher grade intervals reported at a 0.5g/t Au lower cut-off grade, include: 2m @ 1.2 g/t Au from 3m in MWRC0197; 3m @ 1.1 g/t Au from 64m in MWRC0197; 1m @ 4.5 g/t Au from 33m in MWRC0202; 5m @ 2.2 g/t Au from 91m in MWRC0202; 2m @ 1.4 g/t Au from 97m in MWRC0204; 2m @ 1.8 g/t Au from 70m in MWRC0205. The exploration results to date at the Charity Well and Geemas areas has confirmed the prospectivity and potential of the western tenement portfolio for the discovery of new intrusion-hosted gold deposits like Toweranna.

Neutral

Goldevents, the Australian Gold Conference 2022, Jun 14, 2022 through Jun 15, 2022

2022-02-09 07:09:00

Goldevents, The Australian Gold Conference 2022, Jun 14, 2022 through Jun 15, 2022.

Neutral

De Grey Mining Limited Presents at The Australian Gold Conference 2022, Jun-14-2022 10:00 AM

2022-02-09 07:09:00

De Grey Mining Limited Presents at The Australian Gold Conference 2022, Jun-14-2022 10:00 AM. Speakers: Glenn R. A. Jardine, MD & Director.

Positive

De Grey Mining Limited Reports Near Surface High Grade and Depth Extensions At Falcon

2022-02-02 22:27:00

De Grey Mining Limited reported these latest resource definition and extensional drilling results from the Falcon deposit at Hemi. The gold mineralisation at Falcon shows similar alteration and sulphide development as seen at the adjacent deposits of Aquila, Brolga, Crow, Diucon and Eagle. The mineralised intrusion at Falcon has now been intersected to approximately 1km along strike and 600 metres below surface. Mineralisation remains open at depth and to the south.Drilling at Falcon has identified a north-south trending structure creating east and west zones. The east zone is interpreted to be plunging to the south and is open beyond mineralisation intersected in HEDD050 (52m @ 1.2g/t Au) and HEDD051 (43.8m @ 1.0g/t Au). These intersections are respectively approximately 140m and 200m below the scoping study open pit design at Falcon. New results immediately below the scoping study pit design include 38.2 @ 1.1g/t Au in HEDD029 and 32.9 @ 1.0g/t Au in HERC722D New drilling in the north of Falcon has intersected mineralisation approximately 600 metres below surface in HERC720D which returned 20.3m @ 1.0g/t Au. Resource definition drilling to a 40m x 40m spacing within the scoping study open pit designs has intersected strong mineralisation. This drilling is being conducted to increase the resource confidence level from JORC Inferred to Indicated in areas of Falcon proposed to be mined by open pit methods. Resource definition drilling for the PFS will continue into the first quarter of 2022. Resource extension drilling at Diucon and the other zones at Hemi will continue throughout 2022.

Negative

De Grey Mining Limited Announces Board Changes

2022-01-27 21:24:00

The Board of De Grey Mining Limited announced the appointment of Ms. Samantha Hogg as an independent Non-Executive Director. Ms. Hogg has had a distinguished executive career with international experience across the resources and infrastructure sectors. She previously held senior finance and governance leadership positions at Transurban Group (2008 2014) including three years as Chief Financial Officer during a significant growth phase when the company entered the S&P/ASX20 Index. Ms. Hogg has also had significant mineral resources experience through executive roles held with Vale (2006 2007) and Western Mining Company (1992 2005) with experience spanning finance, treasury, strategic projects, marketing, people and corporate services. Ms. Hogg has sat on numerous boards and currently serves as an independent Non-Executive Director of Cleanaway Waste Management Ltd. and is the Chair of Tasmania Irrigation. She has previously been a Non-Executive Director of Infrastructure Australia, the Australian Renewable Energy Agency, TasRail, MaxiTRANS Industries Limited, Hydro Tasmania and served on the National COVID-19 Commission Advisory Board. In addition to her role as an independent Non-Executive Director of the Company, Ms Hogg has been appointed as a member of the Company's Audit and Risk Committee. De Grey's lead independent Non-Executive Director Mr. Peter Hood AO has taken over the role as Chairman of the Audit and Risk Committee. Mr. Lill remains on the Committee as its third member. Mr. Bruce Parncutt AO, the Committee's former Chairman, and Mr. Eduard Eshuys have both retired as members of the Committee and the Board thanks them for their service. They will continue to serve as Non-Executive Directors of De Grey.

Positive

De Grey Mining Limited Reports Latest Resource Definition Results from the Diucon Deposit At Hemi

2021-12-16 22:44:00

De Grey Mining Limited reported latest resource definition results from the Diucon deposit at Hemi. The gold mineralisation at Diucon shows similar alteration and sulphide development as seen at the adjacent deposits of Aquila, Brolga, Crow, Falcon and Eagle. Like Eagle, Diucon also shows overprinting quartz veins which can carry high gold grades. The mineralised intrusion at Diucon has now been intersected to 300m in width, 550m depth and over 1,000m along strike and remains open in all directions. Ongoing drilling at Diucon and Eagle demonstrate potential to increase gold endowment at both prospects through extensions to the maiden Hemi mineral resource estimate (MRE) and increased grade. Both extension and infill drilling are currently underway at Diucon and Eagle. RC and diamond holesare targeting depth extensions and additional lodes to the south. Drilling is also targeting down plunge extensions to the SW towards Antwerp. Resource definition drilling to a 40m x 40m spacing above approximately 400 vertical metres is currently being prioritised to increase the resource confidence level from JORC Inferred to Indicated in areas of Diucon and Eagle proposed to be mined by open pit methods. Resource definition drilling for the PFS will continue into the first quarter of 2022. Resource extension drilling at Diucon and the other zones at Hemi will continue throughout 2022.

Positive

De Grey Mining Limited Reports Latest Exploration Results from the Eagle Zone At Hemi

2021-12-09 21:18:00

De Grey Mining Limited Reports latest exploration results from the Eagle zone at Hemi. The gold mineralization at Eagle shows similar alteration and sulphide development as seen at the adjacent deposits of Aquila, Brolga, Crow, Falcon and Diucon. However, like Diucon, Eagle also shows, in parts, a strong structural overprint which can carry high gold grades and occasional visible gold. The mineralized intrusion at Eagle has now been intersected for 950m along strike, 200m in width and at least 350m in depth and remains open. Resource definition drilling to a 40m x 40m spacing above approximately 400 vertical metres is currently being prioritized to increase the resource confidence level from JORC Inferred to Indicated in areas of Eagle to be mined by open pit methods. Resource definition drilling for the PFS will continue into the first quarter of 2022. Resource extension drilling at Eagle and the other zones at Hemi will continue throughout 2022.New pit shell optimizations to be conducted as part of the PFS are expected to extend the scoping study open pit mine designs. Extensional drilling in the northwest of Eagle has continued to intersect mineralization including 31m at 2.1 g/t Au from 155.0m and 19.0m at 1.8g/t Au from 192.0m in HMRC229 confirming potential for new lodes approximately 240m north of Eagle. Intersections from this area include 15m at 5.5g/t Au in HERC875. Aircore and RC drilling searching for mineralized extensions from Eagle into and at Antwerp continues. Infill and extensional drilling at Eagle are delineating a relatively consistent zone of higher-grade mineralization along the northern margin of the Eagle resource. Controls on the higher grade zonesare still being assessed. Intervals incorporating higher grade zones of mineralization include; Section 28200E: 51.0m at 6.3g/t Au from 106.0m including 0.6m at 143.5g/t Au from 147.0m and 1.0m at 142.0g/t Au from 150.0m in HEDD103 and; 23.0m at 2.1g/t Au* from 181.0m including 1.0m at 10.5g/t Au from 192.0m and 1.0m at 23.5g/t Au from 198.0m in HEDD104; Results are pending for drill holes HEDD105 and 111 on this section. Section 28240E; 53.0m at 5.8g/t Au* from 315.0m including 3.6m at 76.6g/t Au from 339.4m in HERC955D. Section 28320E; 7.0m at 16.5 g/t Au* from 132.0m including 2.0m at 55.0g/t Au from 136.0m in HMRC010 and 29.0m at 1.3 g/t Au from 64.0m in HMRC268. These new results follow previously reported (9 September 2021) high grade intervals at Eagle; 19.0m at 11.6g/t Au from 136.0m including 7.0m at 15.7g/t Au from 136.0m and 4.0m at 26.2g/t Au from 149.0m in HERC765; 9.0m at 17.3g/t Au from 168.0m including 2.0m at 75.2g/t Au from 172.0m in HERC849.

Positive

De Grey Mining Limited Reports These Latest Resource Infill Drilling Results from the Brolga Zone At Hemi

2021-11-10 21:30:00

De Grey Mining Limited report these latest resource infill drilling results from the Brolga zone at Hemi. The drilling is being conducted as part of the prefeasibility study of the Mallina Gold Project . Brolga was identified, along with Diucon and Falcon, in the recently announced scoping study as one of the early production sources for the Project. Resource infill drilling provides increased confidence in the Project's projected cashflow from early production sources. Drill results are provided in Table 1 at a 0.5g/t Au lower cut and in Table 2 at a 0.3g/t Au lower cut. Resource infill drilling at Brolga has focussed on the Stage 1 pit from the scoping study. The mineral resource contained within the Brolga Stage 1 pit comprises 1.29Moz @ 1.3g/t Au. The strip ratio of the Brolga Stage 1 pit is 2.1:1 including the pre-stripping of unmineralized transported sediments. Production from Brolga is a key factor in the payback period of the Project of less than two years identified in the recently announced scoping study. Resource infill drilling has been conducted on Sections 30600E, 30520E and 30440E to bring the drill spacing in the centre of the Brolga resource and Stage 1 pit to 40m x 40m uniform spacing. Several of the infill RC holes ended in mineralisation and will be extended with diamond tails; e.g. HMRC206, JMRC208 and JMRC209 on Section 30600E, HMRC214 on Section 30520E and HERC678 on Section 30440E. Infill drilling to complete the 40m x 40m pattern within the Stage 1 pit at Brolga will continue over the next three months. Drilling at Brolga will also be extended to the south and at depth of the Stage 1 pit with the aim of extending mineralisation and increasing the resource. A similar approach has been taken at Falcon, where six holes were drilled to complete a 40m x 40m pattern. Drilling is currently being conducted at a 40m x 40m pattern at Diucon and Eagle in the upper portions of both zones to increase the resource confidence from JORC Inferred to Indicated classification. Drilling is also being conducted at Diucon and Eagle to extend mineralisation and resources along strike and at depth. The Company continues to conduct exploration drilling in the Greater Hemi and Regional areas. Three aircore and three RC rigs are currently engaged in exploration activities aimed at discovering large scale gold resources. Selected intervals estimated at a 0.5g/t Au lower cut-off grade for the drill holes presented at a 0.3g/t Au cut-off grade include: Section 30600E include: 60m @ 2.1g/t Au from 36m in HMRC204 including 11m @ 6.0g/t Au 67m @ 3.0g/t Au from 51m in HMRC205 75m @ 2.5g/t Au from 87m in HMRC206 52m @ 2.1g/t Au from 146m in HMRC207 including 17m @ 3.7g/t Au Section 30440E include: 29m @ 3.2g/t Au from 121m HERC678 including 15m @ 4.8g/t Au Results on section 30520E include: 32m @ 2.2g/t Au from 50m in HMRC212 99m @ 1.2g/t Au from 61m in HMRC214.

Neutral

De Grey Mining Limited - Shareholder/Analyst Call

2021-10-29 06:09:00

AGM

Negative

De Grey Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 125 million.

2021-10-22 00:00:00

De Grey Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 125 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 113,636,364 Price\Range: AUD 1.1 Discount Per Security: AUD 0.0385 Transaction Features: Subsequent Direct Listing

Negative

De Grey Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 125 million.

2021-10-20 00:00:00

De Grey Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 125 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 113,636,364 Price\Range: AUD 1.1 Discount Per Security: AUD 0.0385 Transaction Features: Subsequent Direct Listing

Positive

De Grey Mining Limited Announces Positive Regional Results At Withnell Calvert and Gillies

2021-10-12 21:19:00

De Grey Mining Limited reported the following drill results at the Withnell Gold Deposit and the Calvert and Gillies prospects located within the Mallina Gold Project. Exploration activities at Withnell, Calvert and Gillies are part of De Grey's broader strategic objective to extend existing resources and to make large scale discoveries within its tenement package. Withnell: Recent drilling at Withnell was aimed at extending the strike of known mineralisaiton to the west, to test potential linkages between mineralised zones at Withnell and the adjacent Hester Resource and to investigate subparallel structures to the south. Drilling has been successful in both extending mineralisation along strike and/or identifying new lodes. Further drilling will be conducted at Withnell to build and expand upon this success. Withnell is located approximately 25km west of the Hemi. Prior to the discovery at Hemi, the Withnell trend was the largest gold deposit (723koz Au) in the Mallina Basin. Gold mineralisation at Withnell is associated with quartz veins, quartz-sulphide lodes, disseminated sulphides and associated carbonate alteration hosted by altered and poly-deformed folded sediments. The mineralised zones are typically sub-vertical. Folding and deformation of the sequence has resulted in some complexity to the interpreted geometry. Mineralisation generally ranges in thickness from 5m to 20m however can be in excess of 40m wide in parts. In line with the regional exploration strategy, RC drilling has resumed in the Withnell area, predominantly targeting poorly tested extensions to known mineralisation and priority targets along prospective structures along strike from, and subparallel to, the Withnell gold deposit. A total of 59 RC holes have been drilled for 13,143m to date in 2021. As of the end of September, assay results have been received for 12 holes. New RC results from Withnell include: 29m @ 5.39g/t Au from 80m in MWRC0049 including: 13m @ 11.47g/t Au from 96m; 4m @ 2.98g/t Au from 87m in MWRC00048; 12m @ 1.10g/t Au from 249m in MWRC0052; 5m @ 0.95g/t Au from 126m in MWRC0053; 6m @ 3.93g/t Au from 150m in MWRC0054; 3m @ 3.95g/t Au from 117m and 6m @ 1.07g/t Au from 128m in MWRC0055; 7m @ 1.22g/t Au from 202m and 5m @ 1.06g/t Au from 270m in MWRC0056. Dill hole MWRC0049 which has intersected a new zone of gold mineralisation approximately 150m south of the main trend of mineralisation previously defined at Withnell. Drill hole MWRC0049 is part of a series of holes drilled to test for subparallel structures and extensions to known mineralisation. Hole MWRC0048 has intersected gold mineralisation east of Withnell, potentially extending the strike of the main mineralised trend a further 400m east of the currently defined mineral resources at Withnell. Drilled to the east of the Hester zone of mineralisation, hole MWRC0055 successfully extended the mineralisation at depth and a further 50m along strike to the east, towards the Withnell lodes. Hole MWRC0052 was drilled in the western half of the main Withnell Resource and confirmed mineralisation 140m down dip from the Withnell open pit model, supporting mineralisation in previously reported drilling (NRC117). Holes MWRC0053 and 0054 have also returned encouraging results from the far western end of the main mineralised zone at Withnell, with MWRC0053 potentially confirming the presence of a subparallel lode to the south of the main trend. Calvert: Exploration conducted recently at Calvert was aimed at expanding known mineralisation along the fault hosted resource by 300 metres along strike to the south and 250 metres down dip. Exploration also tested new targets for both structural and intrusion hosted gold mineralisation within the Calvert intrusion. Drilling has been successful in increasing the known size of the Calvert intrusion and extending the structural hosted gold mineralization. Further drilling will be conducted to test newly interpreted north-south striking structures to the west both in the intrusion and the sediments for potential repeats. Previous exploration at the Calvert gold deposit has defined a shallow Resource of 52koz Au within a north-south striking, shallowly west dipping fault zone of brecciated sediments associated with hydrothermal alteration and sulfidation. Additionally, broad zones of low-grade gold mineralization were intersected in limited historical aircore drilling within an intrusive body to the north of the known deposit. Calvert is located 10km east of the Withnell gold deposit and approximately 15km west of Hemi. Mineralisation is associated with pyrite and arsenopyrite, quartz veining within a broader sericite and silicified alteration zone and is similar to the Withnell style of shear sediment hosted gold mineralisation. Aircore drilling comprised 409 holes drilled for 16,305m at an average depth of 40m. The aircore drilling was very successful in that it significantly expanded the footprint of the intrusion from a strike length of 900m to at least 2.6km.

Neutral

De Grey Mining Limited - Special Call

2021-10-04 21:51:00

To discuss the Scoping Study

Positive

De Grey Mining Limited Presents Range of Outcomes of the Scoping Study Completed on Its 100%-Owned Mallina Gold Project

2021-10-04 21:51:00

De Grey Mining Limited presented the range of outcomes of the scoping study (the Study) completed on its 100%-owned Mallina Gold Project, located in the Pilbara region of Western Australia (Mallina Gold Project or the Project). The Study presents an initial evaluation of the Project. The Company has identified clear opportunities for improvement. In June, the Company announced the maiden Mineral Resource Estimate (MRE) (JORC 2012) for Hemi of 192Mt @ 1.1g/t Au for 6.8Moz. The Hemi discovery added to the previously defined Regional resource estimate of 37.4Mt @ 1.8g/t Au for 2.2Moz for a Total Global Mallina Gold Project Mineral Resource Estimate of 230Mt @ 1.2g/t Au for 9.0Moz. The Study is based on the June Global MRE. The Study does not include extensions to mineralisation at Diucon and Eagle announced since the completion of the June MRE or the potential for extensions to the existing resources at Hemi nor new discoveries that could result from the Company's extensive and ongoing exploration activities. Average gold production ranges from approximately 473,000oz per annum for the first five years to approximately 427,000oz pa over the 10 year evaluation period: Places the Project in the top five Australian gold mines and a top three global gold development project based on average annual output 1; Average feed grade of 1.6g/t Au in the first five years and 1.4g/t Au over the current 10 year evaluation period; The percentage of JORC Indicated resources is 78.1% (Inferred 21.9%) over the first five years and 70.2% (Inferred 29.8%) over the current 10 year evaluation period. Average All-in Sustaining Cost (AISC) ranges from approximately $1,111/oz over the first five years to approximately $1,224/oz over the current 10 year evaluation period. This places the Project in the lowest quartile of Australian gold producing peers; Estimated capital cost for a 10Mtpa plant and site infrastructure of approximately $835 million inclusive of a 25% ($167M) contingency; Total pre-production capital of $893M inclusive of $58M pre-stripping and contingency; Attractive pre-production capital intensity of global gold development projects1 based on average annual gold production; Average processing recovery of approximately 93% is based on conventional comminution, flotation, oxidation via one of pressure oxidation, Albion or biological oxidation, and CIL. The optimal oxidation process route will be determined with further studies; Attractive financial outcomes demonstrating the quality of the Mallina Gold Project: Pre-tax undiscounted free cashflow of approximately $3.9 billion (post-tax $2.9 billion) over 10 years; Pre-tax Net Present Value (NPV5%) of approximately $2.8 billion and post-tax NPV5% of $2.0 billion; Pre-tax Internal Rate of Return (IRR) of approximately 60% and post-tax IRR of 49%; Unleveraged payback of approximately 1.5 years (pre-tax) and 1.8 years (post-tax); Production and financial metrics of the project to be optimised with anticipated resource growthand further studies,. Immediate upside opportunities to be considered in the Pre-Feasibility Study (PFS) include: Approximately 800,000oz (~10% JORC Indicated and ~90% JORC Inferred) of the recent June MRE within Study pit shell optimisations has been excluded from the current 10 year evaluation period. No value has been ascribed in the financial evaluation of the Project to this mineralisation. This mineralisation will be considered for inclusion in the PFS evaluation subject to further resource definition drilling aimed at increasing the resource confidence from JORC Inferred to JORC Indicated; Detailed consideration of plant throughput rates during the (PFS); The Study mine designs and evaluation exclude mineralisation extensions along strike, width and at depth at Diucon and Eagle announced since the June Hemi MRE; Ongoing resource extension drilling at Diucon and Eagle and other Hemi and Regional deposits; Ongoing exploration drilling results within Greater Hemi and Regional prospects.

Positive

De Grey Mining Limited Announces Greater Hemi Corridor Update

2021-09-29 22:32:00

De Grey Mining Limited provides an exploration update for recent drilling activities within the Greater Hemi corridor surrounding the Hemi Gold deposit and the Brierley Link to the east of Hemi, within the Mallina Gold Project. Results cover aircore and RC drilling undertaken along the: Greater Hemi corridor, a 15km long by 10km wide surrounding the Hemi deposit. The corridor hosts multiple intrusions occurring along the large scale and deep seated regional faults/shears zones on the western flank of the large Mt Dove Granite; and Brierly Link Zone, a 15km x 5km structural corridor linking the Hemi Corridor to the Tabba Tabba Thrust. Exploration activities within Greater Hemi and Brierley Link Zone has included initial widespaced (nominally 640m x 160m) systematic aircore drilling across preferred target areas and structural trends. Infill aircore drilling is currently underway at various target areas with the aim to subsequently RC drill test to greater depths. Since January 2020, the Company has drilled approximately 3,500 aircore holes for approximately 200,000 metres and approximately 350 RC holes for approximately 40,000 metres in the Greater Hemi area outside of the Hemi resource area. Aircore drilling was highly successful in the discovery of the Hemi deposits and is used to directly detect bedrock gold mineralisation below the transported sediments. Aircore drilling is also used to map vectors towards gold mineralisation through multi-element geochemistry analysis and mineral mapping of the larger less obvious alteration haloes surrounding intrusion and shear hosted gold mineralisation. First pass aircore drilling is usually wide spaced. Lower level results may occur on the fringe of a mineralised system and require follow up drilling. Much of the regolith profile in the Pilbara is stripped, with limited dispersion of underlying mineralisation in the regolith or the overlying transported sediments. The importance of effective aircore drilling to successfully reach bedrock has been highlighted in previous drilling (2006/07) conducted by De Grey where it failed to reach bedrock above the recently discovered Eagle zone at Hemi. Had that drilling program back in 2006/07 penetrated through the transported cover, there is every likelihood that the drilling would have intersected the gold zone at Eagle. There are many aircore results across the Greater Hemi corridor where they have not reached, or have only just reached, bedrock. These areas need to be re-drilled with aircore or with deeper RC drilling.

Neutral

De Grey Mining Limited, Annual General Meeting, Nov 29, 2021

2021-09-21 22:24:00

De Grey Mining Limited, Annual General Meeting, Nov 29, 2021, at 12:00 W. Australia Standard Time. Location: Vibe Hotel 9 Alvan Street Subiaco Western Australia Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2021; to consider adoption of the Remuneration Report; to re-elect Mr. Peter Hood, a Director; to re-elect Mr. Eshuys, a Director; to consider an increase of the total aggregate amount of fees payable to non-executive Directors; and to consider other matters thereon.

Positive

De Grey Mining Limited Reports Metallurgical Testwork Results from Falcon and Crow Zones

2021-09-20 22:22:00

De Grey Mining Limited reported metallurgical testwork results from its Falcon and Crow zones at Hemi. Hemi is located approximately 60km south of Port Hedland in Western Australia. The new testwork follows previously reported positive metallurgy results at Brolga and Aquila zones at Hemi. Testwork was conducted on five individual composites from Falcon comprising two oxide composites and three primary composites and on five individual primary composites from Crow. The locations of the composite samples from four drill holes at Falcon and five drill holes from Crow are shown in Figure 1. Additional sampling will be conducted across Hemi for ongoing variability and composite testwork. The Company is utilising multi-element analysis to determine mineralogical variability across and within the main intrusion zones at Hemi. Multi-element analysis indicates that the mineralisation testedat Falcon and Crow is similar to the mineralisation at Brolga and Aquila. Diucon and Eagle zones, which are yet to be tested, also display similar mineralogy to the other zones at Hemi. Metallurgical testing is demonstrating consistently positive recoveries across and within each of the zones tested. The flowsheet utilised for the testwork on Falcon and Crow was the same as that previously used on composites from Brolga and Aquila which provided successful results. The flowsheet comprises: crushing, grinding, flotation. flotation concentrate to oxidation; flotation tails to cyanide leach oxidised flotation concentrate residue to cyanide leach The flowsheet proposed for the processing plant at Hemi is shown in Figure 2. The Company is continuing its comprehensive metallurgical testwork program across each of the mineralised zones at Hemi as well as the regional deposits from the Withnell and Wingina mining centres. The results of testwork conducted on the composite samples from Falcon are summarised in Table 1 using the same presentation format for previously released metallurgical testwork results for Brolgaand Aquila. Flotation testwork was conducted at P80 grind sizes of 150, 106 and 75 microns. The results in Table 1 represent the average recoveries across the three grind sizes. The average recovery for composite MC7 at Falcon is relatively low compared to the results achieved for the other Falcon composites. The average recovery for MC7 is influenced by the recovery reported of 77% at P80 grind size of 150 micron. The recoveries for composite MC7 at P80 grind sizes of 106 and 75 microns were respectively 95.9% and 93.8%. The average recovery of the oxide composites was 96.0% and of the primary composites, 92.9%. The average head grade of the Falcon composites was 1.4g/t Au ranging from 0.9g/t Au to 2.1g/t Au with an overall average tail grade achieved of less than 0.1g/t Au. Further testwork will be undertaken at a variety of head grades in line with expected process plant feed grades emanating from the scoping study. The results of testwork conducted on the composite samples from Crow are summarised in Table 2 using the same presentation format for previously released metallurgical testwork results for Brolga and Aquila. Flotation testwork was conducted at P80 grind sizes of 150, 106 and 75 microns. The results in Table 2 represent the average recoveries across the three grind sizes. The average head grade of the Crow composites was 2.0g/t Au ranging from 1.3g/t Au to 3.8g/t Au including samples from the higher grade McLeod lode at Crow. The overall average tail grade achieved was less than 0.10g/t Au. Further testwork will be undertaken at a variety of head grades in line with expected process plant feed grades emanating from the scoping study. Oxidation testwork utilising pressure oxidation (POX), biological oxidation and Albion continues on flotation concentrate samples from the Crow and Falcon testwork. Testwork will be conducted on core samples being collected this month from diamond drilling at Diucon and Eagle. Testwork over the coming months will expand to include pilot scale testwork to further optimise the bench scale testwork conducted to date.

Positive

De Grey Mining Limited Reports Latest Exploration Results from the Eagle Prospect at Hemi

2021-09-08 22:45:00

De Grey Mining Limited reported latest exploration results from the Eagle prospect at Hemi. The gold mineralisation at Eagle shows similar alteration and sulphide development as seen at the adjacent deposits of Aquila, Brolga, Crow, Falcon and Diucon. However, like Diucon, Eagle also shows overprinting quartz veins which carry visible gold and high grades. The mineralised intrusion at Eagle has now been intersected for 950m along strike, 200m in width and 350m in depth and remains open. Recent drilling up to 160m to the west of the current resource model has shown that the Eagle mineralisation extends at depth in this direction. Drill hole HERC804DW1 intersected 70.8m @ 1.0g/t Au* from 318.2m and 26.6m @ 0.8g/t Au* from 429.8m, encompassing higher grade zones including 5m @ 8.3g/t Au 367m on section 28080E. Mineralisation is open to the west toward Antwerp. Drill hole HERC849 intersected 84m @ 2.8g/t Au* including 9m @ 17.3g/t Au on section 28160E. This intersection lies to the north of interpreted lodes in the current resource model and may represent an additional zone. Mineralisation has been intersected on sections 28320E and 28800E, 100m to 200m south of the main Eagle lodes, between Diucon and Eagle. This demonstrates potential for additional subparallel lodes in this area. A high grade intercept of 19m @ 11.6g/t Au was returned from sediments in HERC765 on section 28480E. This lies north of interpreted lodes in the current resource model and may represent an additional zone to the north. Drilling is also targeting potential extensions to the south-west towards Antwerp, and to the north-west, where previously reported significant intersections include 15m @ 5.5g/t Au in HERC875 from 257m. Resource definition drilling since the maiden MRE at Diucon and Eagle has increased from 80m x 80m to 80m x 40m. Recent extension drilling at Eagle also demonstrates potential to significantly increase the current MRE. Significant Drill Results: Section 28080E 70.8m @ 1.0g/t Au from 318.18m* in HERC804DW1, including 5m @ 8.3g/t Au from 367m; 26.6m @ 0.8g/t Au from 429.77m* in HERC804DW1; Section 28160E: 84m @ 2.8g/t Au* from 136m in HERC849, including 9m @ 17.3g/t Au from 168m; Section 28320E: 25m @ 2.7g/t Au* from 149m in HERC883D, including 8m @ 4.8g/t Au from 149m and 3m; @ 9.1g/t Au from 165m; Section 28480E: 19m @ 11.6g/t Au from 136m in HERC765.

Positive

De Grey Mining Limited Reports Latest Exploration Results from Diucon at Hemi

2021-08-31 22:57:00

De Grey Mining Limited reported these latest exploration results from Diucon at Hemi. The gold mineralization at Diucon shows similar alteration and sulphide development as seen at the adjacent deposits of Aquila, Brolga, Crow, Falcon and Eagle. However, like Eagle, Diucon also shows overprinting quartz veins which can carry high gold grades. The mineralized intrusion at Diucon has now been intersected to 300m in width, 400m depth and 1,000m along strike and remains open in all directions. Ongoing drilling at both Diucon and Eagle demonstrate potential to significantly increase resources at both prospects. Recent drilling has highlighted the potential for additional lodes to the south of current resources. Both extension and infill drilling are currently underway at Diucon. RC and diamond holes stepping to the south are targeting depth extensions and are also defining additional lodes. Drilling is also targeting down plunge extensions to the SW towards Antwerp, where previously reported shallow drilling has intersected encouraging drill results, e.g. 4m @ 21.7g/t Au and 6m @ 10.7g/t Au. Resource drilling is progressively infilling Diucon to 80m x 40mto be followed by 40m x 40m drilling to upgrade Inferred to Indicated resources. New results on three sections 160m apart are reported here: Section 28640E:70.9m @ 2g/t Au from 358m in HERC951DW1. Section 28800E: 44m @ 2.1g/t Au from 109m in HERC891 (incl 12m @ 4.5g/t Au from 111m);24m @ 3.0g/t Au from 202m in HERC891 (incl 2m @ 11.2g/t Au from 214m); 12m @ 2.3g/t Au from 52m in HERC893 (incl 3m @ 5.7g/t Au from 57m);9m @ 5.3g/t Au from 84m in HERC893 (incl 2m @ 20.4g/t Au from 90m)'; 8.3m @ 3.6g/t Au from 412.7m in HERC850DW1; 30.5m @ 1.1g/t Au from 357.5m in HERC866D. Section 28960E: 10m @ 3g/t Au from 74m in HERC896 (incl 2m @ 10.2g/t Au from 74m); 55m @ 1.5g/t Au from 91m in HERC896 (incl 3m @ 10g/t Au from 107m); 20m @ 1.7g/t Au from 90m in HERC897 (incl 3m @ 8.3g/t Au from 90m); 17m @ 7.5g/t Au from 175m in HERC897 (to EoH) (incl 2m @ 52.4g/t Au from 179m); 23m @ 1.1g/t Au from 57m in HERC763; 19m @ 4.1g/t Au from 115m in HERC761 (incl 4m @ 13.3g/t Au from 128m); 21m @ 3.2g/t Au from 196m in HERC762 (incl 6m @ 8.5g/t Au from 203m).

Positive

De Grey Mining Limited Announces New Results Substantially Extend Eagle

2021-08-08 23:27:00

De Grey Mining Limited reported these latest exploration results from the Eagle deposit. Eagle is located immediately to the north of the Diucon deposit and the eastern end of the Antwerp intrusion complex. At Eagle, drilling shows the host intrusion is approximately 200m wide with broad Hemi style mineralisation intersected over 800m strike and remains open along strike and at depth. Mineralisation remains untested below 300m depth over the entire strike length providing substantial potential to increase the resource with further drilling. An ultramafic unit appears to be folded to the north at Eagle, suggesting further potential to expand the intrusion to the north and to the west towards Antwerp. Further drilling is planned to test this interpretation. Extensions 240m to the west of the MRE include new significant results: Section 28000E: 31m @ 3.6g/t Au from 241m in HERC875; 81m @ 0.5g/t Au from 51m in HERC876. Section 28160E: 33m @ 1.8g/t Au from 109m in HERC751A. Depth and width extensions to the MRE include new significant results: Section 28240E: 121m @ 1.1g/t Au from 146m in HERC820D; 91m @ 0.8g/t Au from 257.3m in HERC823D; and 67m @ 3.4g/t Au from 50m in HERC879 (infill). Section 28400E: 74m @ 1.9g/t Au from 59m and 39m @ 1.0g/t Au from 145m in HERC885; 61m @ 0.5g/t Au from 122m and 43m @ 1.1g/t Au from 203m in HERC886; and 46m @ 0.5g/t Au from 324m in HERC464D.

Positive

De Grey Mining Limited Reports These Latest Exploration Results from the Diucon Deposit

2021-07-21 22:26:00

De Grey Mining Limited reported these latest exploration results from the Diucon deposit. Diucon is located immediately to the west of Crow and presents a potential geological link between the Crow and Antwerp intrusions. The gold mineralization at Diucon shows similar alteration and sulphide development as seen at the adjacent deposits of Aquila, Brolga, Crow, Falcon and Eagle. The potential to increase resources at Diucon is evident in drilling currently in progress and highlighted by significantly wider intrusion beneath unmineralised sediments. Mineralisation at Diucon currently extends for approximately 900m along strike and remains open to the west, down plunge and at depth. Internal zones of higher grade material have been intersected in extensional and resource infill drilling and are generally associated with increased quartz veining. Significant Drill Results: Step out extension drilling at depth is currently being carried out with RC and diamond drilling on 80m sections with a nominal hole spacing of 80m on sections. Infill drilling will be completed as required to elevate the density of drilling to upgrade the category of the resources from Inferred to Indicated as required. Stepout drilling along strike will now focus on extending the mineralisation to the west towards Antwerp where previously reported shallow drilling has intersected encouraging drill results, e.g. 4m @ 21.7g/t Au, 6m @ 10.7g/t Au, 23m @ 0.6g/t Au, 6m @ 1.4g/t Au and 3m @ 1.1g/t Au. At Diucon, drilling shows the host intrusion is becoming significantly wider at depth (up to 300m wide) and forms broad zones (reported at a 0.3g/t Au cutoff grade) of gold mineralisation across almost all of the intrusion (Figure 1). Within these broad gold zones, significant zones of higher grade mineralisation (reported at a 0.5g/t Au cut-off grade) are increasingly evident.

Neutral

De Grey Mining Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 02:05 PM

2021-06-30 19:09:00

De Grey Mining Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 02:05 PM. Venue: Goldfields Arts Centre, Cheetham Street, Kalgoolie, Western Australia, Australia. Speakers: Glenn R. A. Jardine, MD & Director.

Fundamental Summary

De Grey published concerning results on 2022-03-08. Their negative growth, and value factors indicate that the company is finding it increasingly difficult to produce impressive numbers. These results suggest a challenging future for De Grey's stock. As such, De Grey received an overall score of 53 and a UNDERPERFORM recommendation.

De Grey announced earnings results for the full year ended June 30, 2021. For the full year, the company announced sales was AUD 35,751 compared to AUD 11,889 a year ago. Net loss was AUD 5.250 million compared to AUD 3.976 million a year ago. Basic loss per share from continuing operations was AUD 0.0041 compared to AUD 0.0041 a year ago.

Business Description

De Grey explore for and develops mineral properties in Australia. The company primarily explores for gold, silver, zinc, lead, and lithium deposits. It primarily holds interests in the Mallina Gold project covering an area of approximately 1,500 square kilometer located to the south west of Port Hedland in the Pilbara region of Western Australia. De Grey was founded in 2002 and is based in West Perth, Australia.

Sector Overview

De Grey is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. De Grey's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 303.4 67.5% 49
Liabilities 12.6 126.7% 44
Price to Book 4.9 -33.8% 48
Cash & Equivalents 123.1 18.4% 69
Equity 290.8 65.6% 79
EBITDA -6.7 -47.5% 45
Total Revenues 0.8 75.0% 44
Parameter Value Change Score
Return on Equity -3.4 32.2% 76
Net Cashflow 19.2 -80.0% 80
Capital Expenditure -94.0 -389.2% 76
Asset Turnover 0.0 -17.0% 61
Free Cashflow -0.1 -147.2% 69

* All values are TTM

The below chart reflects De Grey's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While De Grey's peer average final assessment score stands on 65.0, De Grey's score is 53.

  •  DEG
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
BHP Group Limited 208.5B 58 71 75
Hold
69
69 0 1
Fortescue Metals Group Limited 55.0B 65 67 75
Hold
68
68 1 1
Newcrest Mining Limited 19.4B 52 66 57
Underperform
56
56 2 1
South32 Limited 18.7B 84 72 78
Buy
82
82 3 1
Mineral Resources Limited 9.2B 55 63 61
Underperform
56
56 4 1
Lynas Rare Earths Limited 8.3B 70 69 70
Hold
71
71 5 1
Northern Star Resources Limited 8.2B 56 56 73
Underperform
55
55 6 1
IGO Limited 7.8B 50 78 72
Hold
71
71 7 1
BlueScope Steel Limited 7.3B 85 72 52
Hold
72
72 8 1
Pilbara Minerals Limited 6.9B 86 69 86
Buy
83
83 9 1
Allkem Limited 6.9B 57 61 82
Hold
65
65 10 1
OZ Minerals Limited 6.2B 74 66 78
Hold
74
74 11 1
Evolution Mining Limited 4.8B 82 64 50
Hold
64
64 12 1
Alumina Limited 4.4B 50 79 72
Hold
70
70 13 1
OZ Minerals Holdings Pty Ltd 4.0B 84 61 50
Hold
73
73 14 1
Iluka Resources Limited 3.9B 77 60 74
Hold
68
68 15 1
Andean Resources Ltd. 3.7B 86 97 41
Buy
84
84 16 1
Coronado Global Resources Inc. 2.9B 83 74 81
Strong Buy
87
87 17 1
Nickel Industries Limited 2.8B 54 60 70
Underperform
56
56 18 1
AVZ Minerals Limited 2.8B 95 68 58
Hold
75
75 19 1
Sims Limited 2.7B 68 69 82
Hold
74
74 20 1
Zimplats Holdings Limited 2.6B 77 68 64
Hold
71
71 21 1
Liontown Resources Limited 2.4B 81 84 62
Buy
84
84 22 1
Perseus Mining Limited 2.3B 81 65 83
Hold
77
77 23 1
Deterra Royalties Limited 2.3B 77 61 75
Hold
69
69 24 1
Sandfire Resources Limited 1.9B 82 69 76
Buy
79
79 25 1
Core Lithium Ltd 1.8B 83 70 69
Hold
76
76 26 1
Chalice Mining Limited 1.5B 54 81 55
Hold
67
67 27 1
Grange Resources Limited 1.5B 65 64 73
Hold
66
66 28 1
Capricorn Metals Ltd 1.3B 86 69 82
Buy
82
82 29 1
West African Resources Limited 1.3B 87 59 66
Hold
68
68 30 1
Silver Lake Resources Limited 1.2B 66 63 58
Hold
62
62 31 1
Gold Road Resources Limited 1.2B 64 67 56
Hold
63
63 32 1
Lake Resources NL 1.2B 66 73 68
Hold
71
71 33 1
Sayona Mining Limited 1.2B 66 73 68
Hold
71
71 34 1
Regis Resources Limited 1.1B 53 53 69
Underperform
50
50 35 1
Piedmont Lithium Inc. 1.1B 88 77 60
Buy
84
84 36 1
5E Advanced Materials Inc. 927.2M 47 58 61
Underperform
51
51 37 1
ioneer Ltd 867.9M 85 69 51
Hold
70
70 38 1
Syrah Resources Limited 856.9M 49 50 69
Underperform
46
46 39 1
Equigold NL 854.0M 50 65 87
Hold
67
67 40 1
Ramelius Resources Limited 828.4M 56 68 62
Hold
60
60 41 1
Vulcan Energy Resources Limited 826.7M 67 78 71
Hold
77
77 42 1
Jervois Global Limited 813.1M 78 71 54
Hold
72
72 43 1
Mincor Resources NL 808.9M 62 77 57
Hold
67
67 44 1
Imdex Limited 796.9M 71 56 74
Hold
70
70 45 1
Bellevue Gold Limited 722.0M 84 69 54
Hold
70
70 46 1
St Barbara Limited 701.5M 53 70 56
Underperform
59
59 47 1
Emerald Resources NL 679.4M 60 68 84
Hold
70
70 48 1
Red 5 Limited 671.6M 47 75 59
Hold
61
61 49 1
Boart Longyear Group Ltd. 651.0M 60 74 68
Hold
69
69 50 1
Mount Gibson Iron Limited 629.5M 48 78 64
Hold
66
66 51 1
Westgold Resources Limited 575.3M 54 65 63
Underperform
58
58 52 1
OM Holdings Limited 563.6M 84 75 82
Buy
85
85 53 1
Australian Strategic Materials Ltd 540.9M 51 74 72
Hold
67
67 54 1
Neometals Ltd 531.9M 60 72 60
Hold
65
65 55 1
Adriatic Metals PLC 528.8M 66 73 68
Hold
71
71 56 1
Argosy Minerals Limited 467.8M 66 73 68
Hold
71
71 57 1
Perenti Global Limited 461.4M 60 78 67
Hold
72
72 58 1
Champion Iron Limited 441.1M 58 71 55
Hold
64
64 59 1
Panoramic Resources Limited 420.4M 58 71 67
Hold
66
66 60 1
Hastings Technology Metals Limited 404.8M 65 68 67
Hold
68
68 61 1
Alkane Resources Limited 402.0M 78 70 68
Hold
73
73 62 1
Centaurus Metals Limited 397.2M 66 73 68
Hold
71
71 63 1
Bowen Coking Coal Limited 385.5M 66 73 68
Hold
71
71 64 1
Jupiter Mines Limited 372.2M 66 81 50
Hold
64
64 65 1
Galan Lithium Limited 362.2M 66 73 68
Hold
71
71 66 1
Talga Group Ltd 359.9M 53 60 62
Underperform
53
53 67 1
BCI Minerals Limited 349.8M 71 68 60
Hold
66
66 68 1
Metals X Limited 344.8M 68 87 68
Buy
82
82 69 1
Pantoro Limited 330.8M 66 73 68
Hold
71
71 70 1
Aurelia Metals Limited 327.8M 65 58 60
Underperform
56
56 71 1
Macmahon Holdings Limited 283.7M 68 65 62
Hold
66
66 72 1
Lotus Resources Limited 277.3M 66 73 68
Hold
71
71 73 1
Firefinch Limited 236.2M 66 73 68
Hold
71
71 74 1
Andromeda Metals Limited 229.8M 66 73 68
Hold
71
71 75 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. De Grey's stock is now priced below its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a negative setup in the near, medium, and long-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), De Grey's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 42.

Bearish 42
Close Price 0.85
52W Low 0.83
52W High 1.44
5D MA 0.85
50D MA 1.07
200D MA 1.15
MACD -0.07
RSI 1.21
STOCH 8.89

Balance Sheet Analysis

Overall, De Grey's critical balance sheet metrics appear to signal strong support and a high likelihood of positive growth going forward. De Grey produced great equity metrics for this filing, demonstrating management's skill in increasing shareholder value. De Grey's equity was reported as 290.8, which represents a 65.6% change from the last report. This parameter often affects companies in the same industry and market capitalization by up to 5.9%. This performance is significantly more impressive than its peers and competitors. Therefore, its equity movement component earned a score of 79. Also, De Grey did a great job related to cash and cash equivalents this period, which stood at 123.1, representing a 18.4% change from the previous filing. This performance is significantly more impressive than its peers and competitors. It suggests that their stock price has room to grow to reflect its actual intrinsic value. The company's cash and cash equivalents movement, therefore, received a grade of 69. On the other hand, Liabilities, jumped out as looking problematic. At filing, De Grey's liabilities were 12.6, representing a 126.7% change from the previous period. This performance is relatively weak in comparison to their peers and suggests that its's stock price will likely suffer until this is solved. Its liabilities movement component, therefore, received a grade of 44. Consequently, its balance sheet earned a rank of 66.

Parameter Value Change Score
Assets 303.4 67.5% 49
Liabilities 12.6 126.7% 44
Price to Book 4.9 -33.8% 48
Cash & Equivalents 123.1 18.4% 69
Equity 290.8 65.6% 79
* All values are TTM

The below chart describes De Grey's performance as reflected on its balance sheet with respect to its peers. While De Grey received a balance sheet score of 66, the average of its peers stands on 64.0.

  •  DEG
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
BHP Group Limited 208.5B 74 92 47 52 76 58 0 1
Fortescue Metals Group Limited 55.0B 83 66 68 55 69 65 1 1
Newcrest Mining Limited 19.4B 85 72 46 46 73 52 2 1
South32 Limited 18.7B 74 73 80 79 74 84 3 1
Mineral Resources Limited 9.2B 83 73 52 42 90 55 4 1
Lynas Rare Earths Limited 8.3B 74 59 77 62 68 70 5 1
Northern Star Resources Limited 8.2B 87 70 56 48 65 56 6 1
IGO Limited 7.8B 43 37 80 42 63 50 7 1
BlueScope Steel Limited 7.3B 64 75 87 90 68 85 8 1
Pilbara Minerals Limited 6.9B 87 59 81 87 56 86 9 1
Allkem Limited 6.9B 53 64 44 65 89 57 10 1
OZ Minerals Limited 6.2B 87 72 72 69 72 74 11 1
Evolution Mining Limited 4.8B 47 57 76 96 54 82 12 1
Alumina Limited 4.4B 51 69 50 46 84 50 13 1
OZ Minerals Holdings Pty Ltd 4.0B 81 62 51 97 87 84 14 1
Iluka Resources Limited 3.9B 76 66 87 69 53 77 15 1
Andean Resources Ltd. 3.7B 70 37 60 97 92 86 16 1
Coronado Global Resources Inc. 2.9B 44 56 87 85 71 83 17 1
Nickel Industries Limited 2.8B 41 44 72 50 70 54 18 1
AVZ Minerals Limited 2.8B 99 56 82 98 66 95 19 1
Sims Limited 2.7B 85 72 83 49 57 68 20 1
Zimplats Holdings Limited 2.6B 80 69 68 76 73 77 21 1
Liontown Resources Limited 2.4B 43 55 82 97 37 81 22 1
Perseus Mining Limited 2.3B 81 70 73 82 66 81 23 1
Deterra Royalties Limited 2.3B 99 79 61 75 68 77 24 1
Sandfire Resources Limited 1.9B 41 64 87 87 73 82 25 1
Core Lithium Ltd 1.8B 37 55 82 94 66 83 26 1
Chalice Mining Limited 1.5B 98 78 39 46 89 54 27 1
Grange Resources Limited 1.5B 54 70 51 71 92 65 28 1
Capricorn Metals Ltd 1.3B 69 59 81 91 65 86 29 1
West African Resources Limited 1.3B 92 56 81 92 42 87 30 1
Silver Lake Resources Limited 1.2B 69 62 62 71 57 66 31 1
Gold Road Resources Limited 1.2B 83 72 56 65 60 64 32 1
Lake Resources NL 1.2B 78 74 55 64 78 66 33 1
Sayona Mining Limited 1.2B 78 74 55 64 78 66 34 1
Regis Resources Limited 1.1B 77 74 51 48 63 53 35 1
Piedmont Lithium Inc. 1.1B 97 54 82 97 39 88 36 1
5E Advanced Materials Inc. 927.2M 44 83 54 45 37 47 37 1
ioneer Ltd 867.9M 98 56 80 86 52 85 38 1
Syrah Resources Limited 856.9M 63 75 38 46 94 49 39 1
Equigold NL 854.0M 57 46 86 50 45 50 40 1
Ramelius Resources Limited 828.4M 67 41 78 48 49 56 41 1
Vulcan Energy Resources Limited 826.7M 39 53 80 74 41 67 42 1
Jervois Global Limited 813.1M 71 71 44 94 95 78 43 1
Mincor Resources NL 808.9M 83 78 43 62 56 62 44 1
Imdex Limited 796.9M 59 69 83 61 75 71 45 1
Bellevue Gold Limited 722.0M 96 56 81 87 42 84 46 1
St Barbara Limited 701.5M 80 69 51 49 61 53 47 1
Emerald Resources NL 679.4M 51 58 80 51 57 60 48 1
Red 5 Limited 671.6M 49 45 39 55 96 47 49 1
Boart Longyear Group Ltd. 651.0M 85 79 39 60 87 60 50 1
Mount Gibson Iron Limited 629.5M 94 76 39 41 74 48 51 1
Westgold Resources Limited 575.3M 77 65 55 47 73 54 52 1
OM Holdings Limited 563.6M 84 69 84 81 50 84 53 1
Australian Strategic Materials Ltd 540.9M 44 69 55 46 84 51 54 1
Neometals Ltd 531.9M 97 77 46 50 97 60 55 1
Adriatic Metals PLC 528.8M 78 74 55 64 78 66 56 1
Argosy Minerals Limited 467.8M 78 74 55 64 78 66 57 1
Perenti Global Limited 461.4M 68 71 51 61 74 60 58 1
Champion Iron Limited 441.1M 66 49 73 47 67 58 59 1
Panoramic Resources Limited 420.4M 78 75 43 58 85 58 60 1
Hastings Technology Metals Limited 404.8M 75 72 56 67 67 65 61 1
Alkane Resources Limited 402.0M 45 56 83 88 40 78 62 1
Centaurus Metals Limited 397.2M 78 74 55 64 78 66 63 1
Bowen Coking Coal Limited 385.5M 78 74 55 64 78 66 64 1
Jupiter Mines Limited 372.2M 63 93 46 52 80 66 65 1
Galan Lithium Limited 362.2M 78 74 55 64 78 66 66 1
Talga Group Ltd 359.9M 90 78 38 45 95 53 67 1
BCI Minerals Limited 349.8M 86 73 58 67 82 71 68 1
Metals X Limited 344.8M 90 77 50 67 80 68 69 1
Pantoro Limited 330.8M 78 74 55 64 78 66 70 1
Aurelia Metals Limited 327.8M 85 69 59 60 72 65 71 1
Macmahon Holdings Limited 283.7M 47 61 72 78 44 68 72 1
Lotus Resources Limited 277.3M 78 74 55 64 78 66 73 1
Firefinch Limited 236.2M 78 74 55 64 78 66 74 1
Andromeda Metals Limited 229.8M 78 74 55 64 78 66 75 1

Income Statement Analysis

De Grey's most recent income statement report was not encouraging. De Grey's revenue efficiency metrics look especially concerning this period, highlighting issues management is having controlling and reducing expenses while increasing earnings. This metric might have a 24.0 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency, specifically in contrast to their industry peers', isn't encouraging. Its revenue efficiency, therefore, received a grade of 44. Also, De Grey's EBIDTA now sits at -6.7 and represents -47.5% change from the last reporting period. This metric might have a 20.0 percent impact on companies in the same industry and with the same market capitalization. De Grey appears to be headed in the wrong direction in terms of EBITDA momentum, likely due to insufficient capital controls and a weaker than expected overall financial performance. Discouraging results like these statistically lead to negative pressure in stock prices, so we rated their EBITDA a grade of 45. However, one encouraging metric, Return Factors, stood out. In this filing, De Grey reported a return on equity (ROE) ratio of -3.4, which represents a change of 32.2%. Its return factor metrics are even more remarkable when compared to their peers. Therefore, its return factors component earned a score of 76. Therefore, it received a cautionary score of 47.

Parameter Value Change Score
EBITDA -6.7 -47.5% 45
Total Revenues 0.8 75.0% 44
Return on Equity -3.4 32.2% 76
* All values are TTM

The below chart describes De Grey's performance as reflected on its income statement with respect to its peers. While De Grey received a income statement score of 47 , the average of its peers stands on 68.0.

  •  DEG
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
BHP Group Limited 208.5B 64 79 79 71 0 1
Fortescue Metals Group Limited 55.0B 58 78 75 67 1 1
Newcrest Mining Limited 19.4B 95 45 48 66 2 1
South32 Limited 18.7B 47 94 95 72 3 1
Mineral Resources Limited 9.2B 94 42 44 63 4 1
Lynas Rare Earths Limited 8.3B 50 91 83 69 5 1
Northern Star Resources Limited 8.2B 48 66 68 56 6 1
IGO Limited 7.8B 98 72 48 78 7 1
BlueScope Steel Limited 7.3B 86 71 66 72 8 1
Pilbara Minerals Limited 6.9B 38 96 96 69 9 1
Allkem Limited 6.9B 46 75 74 61 10 1
OZ Minerals Limited 6.2B 48 82 82 66 11 1
Evolution Mining Limited 4.8B 94 46 43 64 12 1
Alumina Limited 4.4B 87 73 76 79 13 1
OZ Minerals Holdings Pty Ltd 4.0B 39 88 45 61 14 1
Iluka Resources Limited 3.9B 50 62 89 60 15 1
Andean Resources Ltd. 3.7B 37 89 91 97 16 1
Coronado Global Resources Inc. 2.9B 39 98 97 74 17 1
Nickel Industries Limited 2.8B 66 61 55 60 18 1
AVZ Minerals Limited 2.8B 87 63 41 68 19 1
Sims Limited 2.7B 45 90 92 69 20 1
Zimplats Holdings Limited 2.6B 94 50 52 68 21 1
Liontown Resources Limited 2.4B 87 78 91 84 22 1
Perseus Mining Limited 2.3B 42 88 83 65 23 1
Deterra Royalties Limited 2.3B 45 83 66 61 24 1
Sandfire Resources Limited 1.9B 64 73 74 69 25 1
Core Lithium Ltd 1.8B 87 47 81 70 26 1
Chalice Mining Limited 1.5B 99 65 76 81 27 1
Grange Resources Limited 1.5B 74 61 61 64 28 1
Capricorn Metals Ltd 1.3B 37 98 97 69 29 1
West African Resources Limited 1.3B 43 84 63 59 30 1
Silver Lake Resources Limited 1.2B 95 42 41 63 31 1
Gold Road Resources Limited 1.2B 94 48 49 67 32 1
Lake Resources NL 1.2B 87 62 66 73 33 1
Sayona Mining Limited 1.2B 87 62 66 73 34 1
Regis Resources Limited 1.1B 65 50 45 53 35 1
Piedmont Lithium Inc. 1.1B 87 63 68 77 36 1
5E Advanced Materials Inc. 927.2M 74 37 56 58 37 1
ioneer Ltd 867.9M 87 55 60 69 38 1
Syrah Resources Limited 856.9M 38 67 62 50 39 1
Equigold NL 854.0M 79 44 91 65 40 1
Ramelius Resources Limited 828.4M 94 51 48 68 41 1
Vulcan Energy Resources Limited 826.7M 87 67 84 78 42 1
Jervois Global Limited 813.1M 37 94 93 71 43 1
Mincor Resources NL 808.9M 98 57 59 77 44 1
Imdex Limited 796.9M 77 60 56 56 45 1
Bellevue Gold Limited 722.0M 87 44 83 69 46 1
St Barbara Limited 701.5M 93 56 53 70 47 1
Emerald Resources NL 679.4M 37 96 94 68 48 1
Red 5 Limited 671.6M 95 58 66 75 49 1
Boart Longyear Group Ltd. 651.0M 93 58 67 74 50 1
Mount Gibson Iron Limited 629.5M 99 62 66 78 51 1
Westgold Resources Limited 575.3M 84 58 43 65 52 1
OM Holdings Limited 563.6M 50 96 97 75 53 1
Australian Strategic Materials Ltd 540.9M 91 62 66 74 54 1
Neometals Ltd 531.9M 87 66 56 72 55 1
Adriatic Metals PLC 528.8M 87 62 66 73 56 1
Argosy Minerals Limited 467.8M 87 62 66 73 57 1
Perenti Global Limited 461.4M 73 81 87 78 58 1
Champion Iron Limited 441.1M 95 50 45 71 59 1
Panoramic Resources Limited 420.4M 95 50 62 71 60 1
Hastings Technology Metals Limited 404.8M 90 51 53 68 61 1
Alkane Resources Limited 402.0M 68 74 74 70 62 1
Centaurus Metals Limited 397.2M 87 62 66 73 63 1
Bowen Coking Coal Limited 385.5M 87 62 66 73 64 1
Jupiter Mines Limited 372.2M 96 46 50 81 65 1
Galan Lithium Limited 362.2M 87 62 66 73 66 1
Talga Group Ltd 359.9M 87 40 47 60 67 1
BCI Minerals Limited 349.8M 94 47 56 68 68 1
Metals X Limited 344.8M 94 84 79 87 69 1
Pantoro Limited 330.8M 87 62 66 73 70 1
Aurelia Metals Limited 327.8M 68 58 49 58 71 1
Macmahon Holdings Limited 283.7M 88 51 48 65 72 1
Lotus Resources Limited 277.3M 87 62 66 73 73 1
Firefinch Limited 236.2M 87 62 66 73 74 1
Andromeda Metals Limited 229.8M 87 62 66 73 75 1

Cash Flow Analysis

Overall, De Grey's critical cash flow metrics appear to signal strong support and a high likelihood of positive growth going forward. De Grey presents exciting net cash flow numbers for its recent financial release, illustrated by a net cash flow of 19.2, which is a change of -80.0% from the last filing. This industry-leading net cash flow momentum should reinforce broader positive momentum for its's stock price going forward. Hence, its net cash flow earned a score of 80. Also, De Grey's published capital expenditures (CapEx) numbers were encouraging and reflected management's balanced change strategy. De Grey recorded CapEx of -94.0, which represents -389.2% change from the previous report. This remarkable CapEx growth is expected to reinforce upward momentum for its's stock price going forward. Therefore, its CapEx movement component earned a score of 76. On the other hand, Asset Turnover, jumped out as looking problematic. De Grey's asset turnover numbers were discouraging, reflecting significant concerns related to management's ability to leverage assets to generate sales effectively and efficiently. De Grey recorded asset turnover of 0.0, which represents a -17.0% change from the previous report. Companies in the same sector and market capitalization will usually be affected by up to 2.7 percent by this parameter. Their asset turnover numbers are significantly less impressive when compared to their peers and competitors. Underwhelming results in asset turnover metrics often lead to negative pressure in stock prices, so we rated its asset turnover momentum 61. The company's cash flow received an overall score of 73.

Parameter Value Change Score
Net Cashflow 19.2 -80.0% 80
Capital Expenditure -94.0 -389.2% 76
Asset Turnover 0.0 -17.0% 61
Free Cashflow -0.1 -147.2% 69
* All values are TTM

The below chart describes De Grey's performance as reflected on its cash flow with respect to its peers. While De Grey received a cash flow score of 73, the average of its peers stands on 67.0.

  •  DEG
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
BHP Group Limited 208.5B 70 77 80 71 75 0 1
Fortescue Metals Group Limited 55.0B 74 78 69 74 75 1 1
Newcrest Mining Limited 19.4B 58 48 63 55 57 2 1
South32 Limited 18.7B 72 86 82 75 78 3 1
Mineral Resources Limited 9.2B 58 69 54 63 61 4 1
Lynas Rare Earths Limited 8.3B 78 63 76 58 70 5 1
Northern Star Resources Limited 8.2B 70 58 54 91 73 6 1
IGO Limited 7.8B 80 73 66 57 72 7 1
BlueScope Steel Limited 7.3B 48 47 56 70 52 8 1
Pilbara Minerals Limited 6.9B 87 97 76 78 86 9 1
Allkem Limited 6.9B 75 77 70 84 82 10 1
OZ Minerals Limited 6.2B 69 97 66 73 78 11 1
Evolution Mining Limited 4.8B 54 49 61 39 50 12 1
Alumina Limited 4.4B 68 74 76 70 72 13 1
OZ Minerals Holdings Pty Ltd 4.0B 49 86 84 39 50 14 1
Iluka Resources Limited 3.9B 75 84 52 74 74 15 1
Andean Resources Ltd. 3.7B 40 55 56 37 41 16 1
Coronado Global Resources Inc. 2.9B 77 86 53 93 81 17 1
Nickel Industries Limited 2.8B 75 63 76 61 70 18 1
AVZ Minerals Limited 2.8B 60 69 76 37 58 19 1
Sims Limited 2.7B 83 98 56 82 82 20 1
Zimplats Holdings Limited 2.6B 75 77 63 44 64 21 1
Liontown Resources Limited 2.4B 59 69 76 51 62 22 1
Perseus Mining Limited 2.3B 69 94 90 83 83 23 1
Deterra Royalties Limited 2.3B 77 88 96 51 75 24 1
Sandfire Resources Limited 1.9B 73 85 63 71 76 25 1
Core Lithium Ltd 1.8B 61 69 76 72 69 26 1
Chalice Mining Limited 1.5B 53 62 84 38 55 27 1
Grange Resources Limited 1.5B 75 79 76 62 73 28 1
Capricorn Metals Ltd 1.3B 81 83 81 79 82 29 1
West African Resources Limited 1.3B 73 84 42 58 66 30 1
Silver Lake Resources Limited 1.2B 63 53 64 47 58 31 1
Gold Road Resources Limited 1.2B 57 57 54 50 56 32 1
Lake Resources NL 1.2B 68 69 76 60 68 33 1
Sayona Mining Limited 1.2B 68 69 76 60 68 34 1
Regis Resources Limited 1.1B 65 76 68 69 69 35 1
Piedmont Lithium Inc. 1.1B 59 62 69 54 60 36 1
5E Advanced Materials Inc. 927.2M 55 48 71 71 61 37 1
ioneer Ltd 867.9M 47 57 54 51 51 38 1
Syrah Resources Limited 856.9M 59 58 43 98 69 39 1
Equigold NL 854.0M 91 69 72 84 87 40 1
Ramelius Resources Limited 828.4M 59 56 81 58 62 41 1
Vulcan Energy Resources Limited 826.7M 67 69 76 69 71 42 1
Jervois Global Limited 813.1M 43 51 38 82 54 43 1
Mincor Resources NL 808.9M 63 63 72 45 57 44 1
Imdex Limited 796.9M 71 72 79 73 74 45 1
Bellevue Gold Limited 722.0M 51 64 56 51 54 46 1
St Barbara Limited 701.5M 54 46 71 55 56 47 1
Emerald Resources NL 679.4M 84 81 80 81 84 48 1
Red 5 Limited 671.6M 68 49 48 59 59 49 1
Boart Longyear Group Ltd. 651.0M 62 74 81 63 68 50 1
Mount Gibson Iron Limited 629.5M 68 69 59 56 64 51 1
Westgold Resources Limited 575.3M 59 69 71 59 63 52 1
OM Holdings Limited 563.6M 75 90 90 75 82 53 1
Australian Strategic Materials Ltd 540.9M 72 69 76 69 72 54 1
Neometals Ltd 531.9M 62 54 71 52 60 55 1
Adriatic Metals PLC 528.8M 68 69 76 60 68 56 1
Argosy Minerals Limited 467.8M 68 69 76 60 68 57 1
Perenti Global Limited 461.4M 61 69 54 78 67 58 1
Champion Iron Limited 441.1M 56 69 51 49 55 59 1
Panoramic Resources Limited 420.4M 69 69 79 54 67 60 1
Hastings Technology Metals Limited 404.8M 65 68 74 57 67 61 1
Alkane Resources Limited 402.0M 69 58 68 71 68 62 1
Centaurus Metals Limited 397.2M 68 69 76 60 68 63 1
Bowen Coking Coal Limited 385.5M 68 69 76 60 68 64 1
Jupiter Mines Limited 372.2M 51 51 84 44 50 65 1
Galan Lithium Limited 362.2M 68 69 76 60 68 66 1
Talga Group Ltd 359.9M 53 48 76 70 62 67 1
BCI Minerals Limited 349.8M 62 54 76 49 60 68 1
Metals X Limited 344.8M 70 81 72 55 68 69 1
Pantoro Limited 330.8M 68 69 76 60 68 70 1
Aurelia Metals Limited 327.8M 72 58 54 49 60 71 1
Macmahon Holdings Limited 283.7M 72 53 46 57 62 72 1
Lotus Resources Limited 277.3M 68 69 76 60 68 73 1
Firefinch Limited 236.2M 68 69 76 60 68 74 1
Andromeda Metals Limited 229.8M 68 69 76 60 68 75 1

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