The 273rd Sydney Mining Club – Lunchtime Event
at 12.30 pm on 1 December 2022 at the Ivy Ballroom

Gold for Christmas

with De Grey Mining

Our Christmas Grand Finale Lunch presents Andy Beckwith and De Grey Mining’s astonishing Hemi gold discovery

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!