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Global Leader in Responsible Refining Technology abcrefinery.com

NEWGENGOLD PREVIEW

If delegates are looking for a “sure Q A
thing” among the earlier stage projects &
on the 2021 NewGenGold programme,
De Grey Mining Ltd would be the
obvious standout.

At the time of the last NewGenGold
conference, De Grey was battling away in
the Pilbara trying to build the critical mass
to put the disparate parts of its 3 moz gold
Mallina project into production.
Just six months later and the company’s market cap De Grey technical
had gone beyond $1.5 billion as the market fell in director Andy
love with the Hemi intrusive-related gold discovery at Beckwith was
Mallina. Following the reporting of early hits of 24m instrumental in the
@ 7.5 g/t gold, 49m @ 3.7 g/t and 36m @ 4 g/t on the Hemi discovery
Brolga zone and 24m @ 4.2 g/t, 15m @ 2.5 g/t and
21m @ 2.5 g/t from the Aquila zone in early 2020, De resource is likely to be supplanted in coming months.
Grey set about drilling Hemi with gusto, with 12 rigs Leading the Hemi exploration campaign from the
operating around the clock. start have been technical director Andy Beckwith and
general manager exploration Phil Tornatora. Tornatora
The company has now defined six zones at Hemi but explains to GMJ some of the insights which have
with results continuing to hit mineralisation outside led to Hemi being hailed one of modern Australia’s
known resources, the company’s initial 6.8 moz greatest gold discoveries.

Magnetic Resources NL
Quality
ISO 9001
A dynamic and unique gold company.

ESTABLISHED IN 1987,
WE ARE A PROUD WESTERN AUSTRALIAN FAMILY OWNED BUSINESS,
NOW THE LEADING ORGANISATION FOR
MINING, EXPLORATION & GEOLOGY SUPPLIES

Our primary focus is the advanced Hawks Nest 9
and adjacent Lady Julie gold assets in the Laverton
region of Western Australia. These assets are large
scale and at surface.
The shallow gold and its proximity to existing
CUSTOMER SERVICE IS OUR FOCUS mining operations and infrastructure in the region,
represent the unique point of difference for
investing in Magnetic Resources, MAU.

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