De Grey remains focused on gold, silver and base metal exploration but continues to generate real value to shareholders through iron assets within the Company’s current tenement positions by means of Option, Joint Venture or other arrangements.

Significant iron assets of the Company include:

• A 20% interest in the Beyondie Iron Joint Venture with Emergent Resources Limited, that interest free carried to decision to mine;
• 1% - 2% gross royalties on future iron ore production by Atlas Iron from certain tenements at Turner River;
• priority rights to the 378 sq km Fortescue Island Project near Cape Preston in the Pilbara.