The 273rd Sydney Mining Club presents Andy Beckwith and De Grey Mining Limited (ASX:DEG)
Sydney, Nov 29, 2022 AEST (ABN Newswire) - The 273rd Sydney Mining Club - Lunchtime Event with De Grey Mining Limited's (ASX:DEG) Andy Beckwith at 12.30 pm (AEST) on 1 December 2022 at the Ivy Ballroom, George Street, Sydney.
Western Australia's geology - and its amazing discovery prowess - never fails to surprise.
A bombshell standout is De Grey's discovery of an open cut gold prospect estimated at 10.6Moz with two highways, two gas pipelines and a 220kV transmission line across the tenement.
De Grey's Mallina tenements and flagship Hemi deposit lie just out of Port Hedland. It's a cracker and unlike other Archaean finds is intrusion hosted.
As the discovery news has unfolded De Grey has rocketed from a few cents to over a dollar, bringing excitement into the sector (and a lot of brokers!).
De Grey is lining up to produce over a half million ounces a year for its first 10 years starting Q3 2025.
A resource of 136 million tonnes @ 1.6g/t will recover 93.6% from a 10Mtpa throughput - an output that will make De Grey one of Australia's top five gold mines. A capex of $985 million will pay back in under two years.
As the discovery rolls on, De Grey has drilled a deep hole intersecting 359.4m @ 1.2g/t Au including 19.3m @ 7.4g/t Au and 2m @ 22.5g/t Au - and that's an intersection started 200m below surface - speaking to a big future for this brand-new goldfield. The drill steels are spinning.
It appears, the world's biggest iron ore port is about to get a neighbour shipping its product out by air instead of ship.
We look forward to welcoming you back to the Ivy Ballroom for this 2022 Grand Finale.
It's been a mixed year for us with COVID, some organisational glitches (for which we apologise), even a speaker passing away.
And the good news is that we have our lives back, we're unmasked and we're back together. So, let the good times roll.
Not to be missed!
The Sydney Mining Club Lunchtime Events are held at the Ivy Ballroom, on the first level of the Ivy, off 320-330 George Street, Sydney. Turn into Palings Lane and walk to the end, then turn left into the Ivy.
The Leading Edge Series is held at the Establishment Ballroom at, 252 George Street, Sydney. Click on the map below to open google maps