De Grey Mining Ltd’s Post

📢 Today we released our Definitive Feasibility Study (DFS) for McPhillamys, one of Australia’s largest undeveloped open-pit gold projects. On the Study, Regis Resources Ltd Managing Director, Jim Beyer, said: “This study is the culmination of 12 years of work and I want to thank everyone who contributed to this result. The study clearly demonstrates the opportunity and value proposition that was recognised when we acquired the Project in 2012. McPhillamys is a long-life, low operating cost, expandable open pit project. It will produce profitable ounces for our shareholders while generating significant benefits for our local and regional communities and other stakeholders.” DFS highlights include: ✔The Project will recover 1.71Moz of gold over 9.4 years of processing. ✔Peak annual gold production is 235koz, averaging 187koz per year when at full production. ✔Using a Life of Mine (LOM) gold price of $3,000/oz the Project delivers gross revenue of $5.2 billion. ✔With an average All-In Sustaining Cost (AISC) of $1,580/oz, the Project delivers a total EBITDA of $2.8 billion and pre-tax cash flow of $1.5 billion. ✔At a gold price of $3,000/oz, the Project delivers a pre-tax NPV5.5% of $750 million with a pre-tax IRR of 17.1%; post-tax NPV5.5% is $451 million with a post-tax IRR of 13.1%. ✔The Project pre-tax payback period is 5.3 years and the post-tax payback period is 6.1 years. ✔At $3,500/oz, pre-tax NPV5.5% is $1.31 billion with an IRR of 24.5% and a payback period of 3.5 years; post-tax NPV5.5% is $848 million with an IRR of 19.0% and a payback period of 4.0 years. We look forward to continuing with value engineering and optimisation works between now and the Final Investment Decision in FY26. Read the full announcement here 👉 https://bit.ly/3y3fttj #asxnews #goldmining #regisresources #gold

A Definitive Feasibility Study for a major gold project in Western Australia is progressing, with an investment decision anticipated by late 2024. #projectory #projectleads #majorprojects #goldmining #feasibilitystudy #goldfieldsWA #miningprojects #exploration #resourceexpansion #DFS #goldexploration #DingoRange #sustainablemining #investmentdecision #miningservices #constructionjobs #environmentalpermits #WesternAustralia

A Definitive Feasibility Study for a major gold project in Western Australia is progressing, with an investment decision anticipated by late 2024. #projectory #projectleads #majorprojects #goldmining #feasibilitystudy #goldfieldsWA #exploration #miningprojects #resourceexpansion #dingoRange #goldproduction #sustainablemining #investmentdecision #constructionjobs #environmentalpermits #miningservices #WesternAustralia

🚀 Astral Resources Secures $25M to Drive Gold Projects Forward! 🌟 💰 $25M Raised: Astral Resources (ASX: AAR) has secured strong investor support, raising $25 million through a two-tranche placement. ⚡ Exploration Accelerated: The funds will fast-track exploration and evaluation at the Mandilla and Feysville Gold Projects, boosting their potential as significant gold developments. 📊 Studies Funded: Astral is now fully funded to complete the Pre-Feasibility (PFS) and Definitive Feasibility (DFS) studies at Mandilla, aiming to unlock its 1.38Moz Mineral Resource! 💼 Shareholder Approval: Part of the second tranche and Director participation in the placement will be subject to shareholder approval at the AGM on 20 November 2024. 🔍 Strong Demand: The placement was well supported by domestic and international investors, signaling confidence in Astral’s gold development plans. 💬 Marc Ducler, CEO, Commented: "The calibre of new investors and the funds raised underscore Mandilla's potential as one of Australia’s best near-term gold development stories." ✨ Exciting Times Ahead: Astral is now well-positioned to drive these projects towards a Final Investment Decision (FID) with confidence! Read the Announcement Here: https://lnkd.in/gjSc76Tu #AstralResources #AAR #ASX #Gold #GoldMining #MandillaProject #FeysvilleProject #MineralExploration #InvestmentNews #ResourceDevelopment #MiningStocks #GoldDevelopment #GoldInvesting #AustralianMining #MiningIndustry #InvestInGold #GoldProjects #InstitutionalInvestment #PreFeasibilityStudy #DefinitiveFeasibilityStudy #KalgoorlieGold #FinancialNews #CapitalRaising

We are now funded to advance Cascabel towards construction. Our gold stream with Osisko Gold Royalties and Franco Nevada: ·     Accelerates Cascabel De-Risking ·     Provides Significant Development Capital Funding ·     Preserves Copper Exposure and First Quartile ·     Costs Maintains Significant Leverage to Gold ·     Buyback Option Maintains Strategic Flexibility

OreCorp Board recommends amended Perseus proposal. According to the ASX Release 25 March 2024 OreCorp Limited Board recommends that shareholders ACCEPT the amended Perseus proposal once it becomes capable of acceptance, in the absence of a superior proposal. The release further highlights that the  Silvercorp Offer has lapsed and OreCorp has exercised its right to terminate the Bid Implementation Deed dated 27 December 2023. The details of the release can also be read in the 4th Supplementary Bidder's Statement released by Perseus Mining Limited earlier today. In a statement, Perseus confirmed that - No superior proposal has so far emerged.  - Perseus increased its Offer Consideration to A$0.575 per OreCorp Share. -OreCorp received acceptance intention statements (Intention Statements) from key OreCorp Shareholders collectively representing 15.61% of OreCorp Shares on issue stating that they will accept the Perseus Offer before the end of the trading day on 27 March 2024. The directors of OreCorp have also confirmed that they intend to accept the Offer in respect of all OreCorp Shares which they and their Associates own or control. This represents 3.9% of the current issued OreCorp Shares. Read two complete statements from Perseus and OreCorp, links below https://lnkd.in/eUpz_P5k https://lnkd.in/eTqy8xU7 About Nyanzaga Project https://lnkd.in/eSwQJyKT

Hot off the press, our CIO John Forwood's August monthly report for the Lowell Resources Fund. The fund has moved a bit further towards cash (10%) while boosting the exposure to gold to 45% to take advantage of rising #gold (and #silver) prices. Our biggest holding is Mark Zeptner's Ramelius Resources Limited while fund top performer award went to Alaskan goldie Freegold Ventures Limited (Market Cap C$365m FGV.TSX), where the share price rose 105% over July and August. The company, backed by investing legend Eric Sprott, announced drill intersections of 66m at 4.6g/t Au and 45m at 5.5g/t Au at its Golden Summit project in Alaska, 5km from the Kinross Gold Corporation Fort Knox Gold mine. The current pit-constrained primary Indicated and Inferred mineral resource at Golden Summit, using a US$1,792/oz gold price and a 0.75 g/t cut-off, is 12 (twelve) million oz @ 1.35 g/t Au. Read the full report below and learn more about the fund at www.lrfm.com.au

🌟Hemi Regional Scoping Study🌟   We are pleased to present the outcomes of our Hemi Regional Scoping Study, evaluating the potential development of the Hemi Regional deposits, east and west of the Hemi Gold Project.   Key Highlights: 🔹 Strong financial and technical potential for developing the Hemi Regional deposits within the first five years of Hemi operations. 🔹 Funding for the Regional Project will come from operating cashflows from Hemi, preserving our existing cash reserves. 🔹 Ongoing targeted regional exploration aims to enhance our global Mineral Resource and improve the Study evaluation.   Our Managing Director, Glenn Jardine comments: “Hemi represents a provincial scale exploration and production opportunity and the Company is actively assessing ways in which the long-term production profile of the Project can be enhanced over and above the Hemi DFS production profile outlined in September 2023. The Hemi Regional Scoping Study provides an important initial evaluation of part of this potential to both extend and increase the production profile.   “Our strategy is to time the development of the Hemi Regional Project utilising cashflow generated from the fully commissioned Hemi Project, while also bringing forward cashflows from the Hemi Regional deposits as soon as practicable. The Hemi Regional deposits will not displace any material from Hemi but aim to utilise the expected latent capacity within the front and back ends of the Hemi plant.”   Read the full announcement here ➡️ https://bit.ly/4cAt4HA #DeGreyMining #DEG #HemiGoldProject #GoldDevelopment #WesternAustralia

Some good takeaways from PDAC’s Annual Mineral Finance Report, the most notable of which was the strategic importance Flow Through Shares (FTS) play in fueling Canada’s mineral exploration engine, accounting for 70% of funds raised over the past decade. https://lnkd.in/g4fvtRsZ

At its September board meeting, the IPSASB approved final pronouncements on the exploration and evaluation of mineral resources and stripping costs in the production phase of a surface mine, as well as an exposure draft on tangible natural resources. Read more about these exciting approvals from IPSASB principals Christoph Braxton and Edwin Ng