Business Overview

De Grey's core business is exploration for base and precious metals in the Pilbara region of Western Australia . Early exploration success saw the company discover and delineate the 203,300 ounce Wingina Well gold deposit at the Turner River Project, near Port Hedland. Continuing exploration to add to this resource led to the discovery of a virgin VMS-style Zn-Pb-Ag-Au system that the company continues to explore.

Discovery of the previously unknown VMS-style mineralisation at Turner River demonstrated the potential of greenstone belts in this part of the Pilbara to host high-value base metals deposits that had not been a focus for previous explorers. The Company has entered into a number of joint ventures to expand its exploration interests over additional prospective ground in the Port Hedland region, an area well serviced by road, rail, port and energy infrastructure.

The Company's exploration interests also extend to the central Pilbara, with ongoing exploration for copper, zinc, iron ore and manganese over 2600 sq km at the Beyondie Project.

In addition to the Pilbara exploration effort, De Grey continually assesses new project opportunities for a variety of commodities in diverse locations.