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Current Projects - Summary
De Grey Mining is actively exploring for base metals, gold and uranium in the Pilbara Region of WA and the Mt Isa Region of Queensland.
De Grey has retained 100% of the 220,000oz Wingina Well gold resource and commenced a farm out of up to 75% of the gold and base metal projects at Turner River Project near Port Hedland in order to secure minimum exploration funding commitments of $1 million and $700,000, respectively, over two years.
The Beyondie Project is a copper and gold prospective region on the northern margin of the Yilgarn Craton. Iron rights are subject to a sale agreement but De Grey owns 100% of the base and precious metal rights over a 840km² area, including the Copper Hills Prospect.
The Company reached agreement with Teck Australia Pty Ltd in September 2009 under which the Company can earn 100% interest in EPM14142, Apex Project , located north of Cloncurry in Northwest Queensland . The EPM covers an undrilled IOCG target informally called the Apex Magnetic Complex, located 55 kilometres north of Xstrata's Ernest Henry copper-gold mine. An application has also been made for Jacky's Creek; an additional 145km2 of ground covering other geophysical targets in the same region.
The Company recently acquired a new project in the Paterson region of WA covering 1,420km2 of ground prospective for base and precious metals and uranium.
De Grey has secured a significant new conceptual exploration opportunity for offshore iron ore exploration in a 378km2 area of shallow water at Fortescue Island, off Cape Preston.
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