De Grey Mining

Business News has updated its listing of WA’s biggest resources projects to incorporate a spate of new developments and analysed which projects are next.

De Grey Mining has received proposals from 14 lenders to finance the development of its $1 billion star asset in the Pilbara.

Australian-listed explorers raised a bolstered $3.02 billion during the December quarter after lithium and gold topped the charts for the most funds secured.

Juniors have thrived in the search for future-facing commodities, while investment in coal suggests that sector won’t go quietly.

The pipeline of big resources projects in WA increasingly features complex processing plants, despite a spate of large cost blowouts on projects currently under way.

WA produces a diverse array of minerals, yet one commodity dominates the sector.

Canadian gold explorer Novo Resources Corp will explore a dual listing on the ASX after its Mallina Basin neighbour De Grey Mining became its largest shareholder.

De Grey has referred plans for the Mallina gold project to the Environmental Protection Authority, marking the next step in bringing Australia’s next major goldmine to fruition.

De Grey-backed gold explorer Novo Resources made its debut on the Australian Stock Exchange on Monday, ending the day up 20 per cent.

De Grey has launched a $300 million capital raising to start making a mine out of its Hemi deposit, while the inevitable sting of inflation lifts build costs to $1.3 billion.

In this podcast, Simone Grogan and Jack McGinn discuss Woodside's big week; Qantas hearing; Mineral Resources; De Grey; South Perth's timber tower; and plans for an ex-premier's house.

ASX-listed De Grey mining announced on Tuesday it had shortlisted 11 global financial lenders to potentially bankroll its Hemi gold project.

ASX-listed De Grey Mining has been given an option to acquire the Ashburton gold project, located in Western Australia's Pilbara region, from Kalamazoo Resources.

Finland-based Metso Corporation will provide several pieces of crushing and grinding equipment for De Grey Mining's flagship Hemi gold project in Western Australia's Pilbara region.

ASX-listed Novo Resources has announced sweeping changes at leadership level

The West Perth company says the proceeds, in tandem with cash on hand, will fully fund the equity component of its $1.3 billion Hemi gold project in the Pilbara.

Victoria Park-based explorer Raiden Resources has entered into an option agreement with Mallina Corporation, as it plans to divest its Pilbara-based Arrow gold project.

ASX-listed De Grey Mining has received a series of credit approved term sheets from domestic and international banks, as it pushes towards developing its Hemi gold project in the Pilbara.

Gold developer De Grey Mining says 2.2 million ounces of regional deposits additional to its core Hemi gold resource could be used to boost the project’s eventual production profile.

Goldminer Bellevue Gold has met its production target from the second half, while fellow miner De Grey Mining progresses its Hemi gold project.

GOLD WRAP: Kalgoorlie Super Pit owner Northern Star Resources generated gold production and cash flow records last financial year, but was impacted by constraints at its Yandal hub.

Pilbara gold developer De Grey has refused to comment around speculation that it could be the target of rival interest, saying it is focused on developing its Hemi project.

Remarks by Wayne Bramwell to Business News this time last year have proved somewhat prophetic, considering recent events in the Western Australian gold sector.

De Grey Mining's push to develop its Hemi gold project has continued, after receiving provision for a $150 million loan from the Northern Australia Infrastructure Facility.

OPINION: This publication has regularly questioned the merit of the NAIF but its latest $150 million loan makes an absolute travesty of its original mandate.

De Grey Mining has achieved a key milestone in efforts to enhance its footprint close to the flagship Hemi gold project in the Pilbara.

GOLD WRAP: De Grey Mining has trumpeted the economics of its Hemi project in a record gold price environment, while Genesis Minerals has restarted its Laverton mill ahead of schedule.

Northern Star Resources will expand its gold portfolio into the Pilbara, after striking a $5 billion deal to acquire market darling De Grey Mining and its flagship Hemi project.

Goldminer Catalyst Metals has cleared $36 million worth of inherited debt, riding the wave of gold price momentum which has led to a flurry of activity in the sector this week.

Gold Road Resources has reported a 27 per cent quarter-on-quarter hike in the value of its listed investments but remains tight-lipped on whether it will make a move for De Grey Mining.

Northern Star Resources remains tight-lipped on its $5 billion move for De Grey Mining’s Hemi gold project, which has experienced another timeline setback in its bid for federal approvals.

Gold Road Resources management has held its cards close to its chest on its intentions around De Grey Mining, as Northern Star Resources closes in on an acquisition of the gold developer.

De Grey Mining says an invite is still on the table for regulators to visit its Hemi gold project in the Pilbara, as the takeover target’s wait for state and federal approvals continues.

Windfall from Northern Star Resources’ move for De Grey Mining has pushed the value of Gold Road Resources’ listed investments to around $870,000.

Stocks in Western Australian gold producers are rallying as the price for the precious metal holds strong above $US3,000 per ounce amid a flurry of M&A activity.