Impact: Mildly Positive
Results point to continued resource growth for De Grey’s hard rock assets. The company’s exploration results from Toweranna and Mallina are likely to add to the company’s growing inventory of mineable ounces. These results follow a recent resource update where the company more than doubled mineable ounces. This news supports our theory that the project has significant room to grow (Company aims to build a 3Moz Au resource – Figure 1).