The Company’s activities are focussed on the 100% owned Mallina Gold Project in the Pilbara region of WA. Here De Grey has made a large scale, high value, near surface gold discovery at an area called Hemi.

The Hemi discovery is rapidly moving towards De Grey’s goal of defining a Tier 1 project with true district-scale potential. Mineralisation in the Hemi area has been identified over a large area and an 8.5 million ounce mineral resource was released in May 2022. The discovery remains open in multiple directions. The total Mallina Project Mineral Resource is now 10.6 million ounces.

De Grey’s recent focus on expanding Hemi means many prospective targets remain untested throughout the wider Mallina Project area. High priority targets are being progressively drill tested.