Company De Grey Mining Limited

De Grey Mining Limited is an Australia-based gold explorer and project development company. The Company is focused on the Mallina Gold Project in the Pilbara region of Western Australia. Hemi is positioned in the central region of the Company’s 1,500 square kilometers (km2) Mallina Gold Project (MGP or Project) and is located within 10 kilometers (kms) of two sealed highways, approximately 5 km from a gas pipeline and less than 30 km from a electricity transmission line. Gold mineralization at Hemi is hosted in a series of intrusions associated with stringer and disseminated sulfide rich zones. Hemi has a mineral estimate of approximately 8.5 million ounces and the potential to be mined by large scale, low strip ratio, low-cost open pit mining. Hemi comprises six main zones: Aquila, Brolga, Crow, Diucon, Eagle and Falcon. The Greater Hemi region, located within a 15 km radius of Hemi, includes four intrusion targets: Shaggy, Scooby, Antwerp and Alectroenas.