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De Grey is exploring for gold at its Turner River gold project near Port Hedland.

De Grey in $15m gold project deal

Metals explorer De Grey Mining has entered into an option agreement to acquire private company Northwest Nonferrous Mining Australia’s Indee gold project near Port Hedland for $15 million.

De Grey told the market today it had secured a 12-month option to evaluate and explore the Indee project, which is located just west of the company’s Turner River assets.

It also has the option to acquire Northwest’s subsidiary, which wholly owns the Indee project, including all associated infrastructure, for $15 million.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/05/17

1 year TSR5 year TSR
65thSyndicated Metals184%-27%
216thMusgrave Minerals38%-1%
303rdDe Grey Mining20%-57%
362ndStrike Resources9%-19%
732ndMount Ridley Mines-60%6%
706 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

24/04/17
$5k Bought
10/02/17
$27k Bought
06/12/16
$15k Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

327th↓De Grey Mining$14k
361st↓Musgrave Minerals$3k
363rd↑Mount Ridley Mines$2k
365th↑Syndicated Metals$2k
366th↓Strike Resources$2k
495 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from De Grey Mining

1521stSimon Lill$44k
1732ndSteve Morris$24k
1806thDavide Bosio$13k
Ranked by total remuneration from all listed WA companies

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