De Grey Mining Limited
DGMLF
Other OTC1.55
USD
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De Grey Mining Limited
DGMLF
(Other OTC)
Recent
price
1.55
P/E
ratio
- -
div
yld
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ROIC.AI
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- Business
- De Grey Mining Limited (ASX: DEG; OTC: DGMLF) is an Australian gold exploration and project development company focused on advancing its flagship Hemi Gold Project in the Pilbara region of Western Australia; the project features intrusion-hosted, near-surface gold mineralization suitable for large-scale, low-cost open-pit mining, with Mineral Resources of 13.6 million ounces across Hemi and regional deposits and Ore Reserves of 6.0 million ounces; activities encompass resource delineation, feasibility studies, and permitting for gold production forecasted at 530 thousand ounces per annum over the first 10 years. Founded in 2000 and headquartered at 2 Kings Park Road, West Perth, the company previously explored for gold, silver, zinc, lead, and lithium before transitioning to a dedicated gold focus following the 2019 Hemi discovery; operations target Tier-1 production potential in a jurisdiction with proximity to infrastructure including highways, gas pipelines, and power lines; it holds 100% interest in approximately 1,500 square kilometers of tenure with significant untapped exploration upside. In May 2025, Northern Star Resources Limited completed its A$5 billion all-scrip acquisition of De Grey via a court-approved scheme of arrangement, integrating the Hemi project as a fourth production center for Northern Star and resulting in De Grey's delisting from the ASX; this transaction followed a binding Scheme Implementation Deed signed in December 2024, unanimously recommended by De Grey's board, with all shares transferred to Northern Star and new Northern Star shares distributed to former De Grey shareholders commencing trading on 6 May 2025; the deal enhances Northern Star's portfolio toward 2.5 million ounces per annum production by FY29 while leveraging De Grey's team for Hemi development amid ongoing environmental approvals.
De Grey Reaches A$7M Minimum Spend at Egina Gold Project and Continues Investment
Exploration Drilling at Becher Project Recommences
De Grey Mining Selects ISNetworld for Contractor Management
De Grey reports 'outstanding' DFS results for its Hemi gold project, raises A$300M for development