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Oz junior now has tens of millions to probe Hemi

De Grey Mining now has circa A$40 million to throw at the Hemi gold discovery in Western Australia and has given itself plenty of flexibility by saying a resource estimate will be forthcoming in the second half of the year.

Michael Quinn
De Grey at Hemi in Western Australia

De Grey at Hemi in Western Australia

A planned $28 million fundraising to mainly undisclosed investors has been increased to $31.2 million (before costs), with De Grey ending the March quarter with $9.9 million cash. The non-disclosure...

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