De Grey gets Hemi mining lease
PERTH (miningweekly.com) – ASX-listed junior De Grey Mining has been granted a mining lease for its Hemi gold project, in Western Australia.
The company told shareholders on Wednesday that the mining lease from the Department of Mines, Industry Regulation and Safety covered the Hemi deposits, proposed mining area and the proposed processing plant site.
The mining lease has been granted for an initial term of 21 years.
“The grant of the Hemi mining lease is another significant milestone for De Grey and further demonstrates the company’s systematic approach to de-risking the Hemi gold project,” said MD Glenn Jardine.
“For De Grey shareholders and potential financiers this is a critical approval on the pathway to bringing Hemi into production. We are committed to ensuring the project creates sustainable long-term benefits to stakeholders and look forward to updating our investors with the outcomes of the definitive feasibility study for Hemi in the coming weeks.”
The grant of the mining lease does not allow for the start of project development, which remains subject to statutory, including environmental, approvals.
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