Northern Star has agreed to acquire De Grey

Northern Star Resources Ltd (ASX: NST) and De Grey Mining Ltd (ASX: DEG) have signed a binding Scheme Implementation Deed in which it is proposed that Northern Star will acquire 100% of De Grey through a Court-approved scheme of arrangement under Part 5.1 of the Corporations Act 2001. This transformative transaction will enable Northern Star to control De Grey, including its premier asset, the Hemi Project. Hemi is a low-cost, long-life, large-scale gold development opportunity in Western Australia’s Pilbara region. As one of the most significant undeveloped gold projects in a Tier-1 mining jurisdiction worldwide, Hemi features remarkable Mineral Resources of 11.2 million ounces and Ore Reserves of 6.0 million ounces. Its projected annual gold production of 530,000 ounces over its first decade is also impressive.

Leveraging Northern Star’s extensive expertise in exploration, mine development, and operations, this acquisition is set to unlock the considerable long-term value of the Hemi Project. This strategic initiative is anticipated to generate exceptional returns for all shareholders and will further reinforce Northern Star’s leadership position in the competitive gold mining industry.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com