De Grey Mining (DEG)

Shares / Stock Code

DEG

Stock Exchange / Sharemarket

Australian Securities Exchange

De Grey Mining Limited (DEG) is a precious and base metal exploration company operating in Western Australia. Its main Western Australian projects include the Turner River Gold Project, the Three Kings Platinum project, and the Beyondie Bluff base and precious metals project. The company listed on the ASX on 3 July 2002. In July 2004, De Grey was named the Gold Explorer of the Year, awarded by the Louthean Publishing's Gold Mining Journal.

In June 2008, the Company entered into an agreement to sell the iron ore rights over the Mt Dove Project, being exploration licence 47/891 located 70 kilometers south east of Port Hedland, to Atlas Iron Limited. In August 2009, the Company entered into an agreement with HJH Nominees Pty Ltd under which HJH may earn 75% interest in exploration licences 47/891, 45/2465, 45/2995, 45/3390, 45/3391, 45/3392 and prospecting licence 45/2655.

The company has extensive tenement holdings in the Turner River Province, covering more than 1200 square kilometres. Within this region is the Wingina Well deposit, which has a preliminary resource estimation of 203,300 ounces of gold. Competition in the precious metals market is very strong globally and thus DEG faces competition from both Australia and overseas. Its major customers include wholesalers, the retail sector and international markets. As an explorer, DEG has no specific customers at present.

De Grey Mining (DEG) Products and Services

  • Exploration for precious and bases metals

De Grey Mining (DEG) Locations and Subsidiaries

De Grey Mining Head Office
Suite 4,100 Hay Street,
SUBIACO, WA 6008
Phone: 61 8 9285 7500
Fax: 61 8 9285 7599

De Grey Mining (DEG) Share Price

Submitted by ASX Listed Company on 15 March, 2010 - 02:13