Proactive Investors - Run By Investors For Investors

De Grey Mining director steps up and buys company shares on-market

The company's flagship asset is its 1.4 million ounce Pilbara Gold Project in Western Australia.
man with briefcase running up ascending share price arrow
Hood's average purchase price was 9.82 cents per share

De Grey Mining Ltd’s (ASX:DEG) recently appointed non-executive Peter Hood has purchased 500,000 shares in the company for $49,109 via on-market trades.

The purchase doubles the size of Hood’s holding in the company to one million shares, further aligning himself with shareholders and the future success of De Grey.

During November 2018, De Grey appointed Peter Hood as non-executive director.

He is a chemical engineer and has had a distinguished career in the Australian mining and chemical industries.

He is also a past president of the Australian Chamber of Commerce and Industry and the Chamber of Commerce and Industry of Western Australia.

READ: De Grey Mining confirms further high-grade gold drilling results at Withnell

Most recently, De Grey received further high-grade drilling results from the Withnell gold deposit, an integral part of its 1.4 million ounce Pilbara Gold Project in Western Australia.

Highlight intersections include:

• 5 metres at 7.8 g/t gold from 43 metres including 2 metres at 14.95 g/t gold;
• 2 metres at 11.14 g/t gold from 61 metres including 1 metre at 20.6 g/t gold; and
• 8 metres at 20.11 g/t gold from 168 metres including 4 metres at 38.5 g/t gold.

View full DEG profile View Profile

De Grey Mining Ltd Timeline

Related Articles

Piedmont's Carolina location map, showing nearby mines and lithium processing facilities
April 23 2019
Piedmont Lithium is a large landholder in North Carolina pursuing regulatory approvals for its Piedmont US-lithium project.
October 10 2018
The venture will evaluate potential acquisitions of deposits not limited to manganese but for vanadium and other strategic minerals
March 07 2019
With operations in Honduras back on track and costs coming down, Wishbone's margins are set to rise.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use