De Grey Mining's latest study insights

De Grey Mining (ASX:DEG) has announced the results of its Hemi Underground Mining Conceptual Study for the Hemi Gold Project in Western Australia. Conducted by Mining Plus Pty Ltd, the study highlights significant potential for underground mining beneath existing open-pit designs, particularly in the Diucon and Eagle areas.

De Grey Mining's forward-looking plans

The outcomes of De Grey Mining's Hemi Underground Mining Conceptual Study indicate a promising potential for underground mining operations. Building on previous scoping studies, the study suggests the possibility of concurrently operating underground and open-pit mining at the Hemi deposit. The company plans further exploration and detailed studies to advance the underground mining concept, aiming to enhance production profiles and operational flexibility. The study's preliminary nature and absence of financial projections underscore the necessity for further evaluations to confirm the viability of underground mining. De Grey's recent strategic collaboration with Northern Star Resources also highlights potential growth opportunities and strategic advancements.

Executive insights on Hemi Gold Project study

The study aims to assess the potential for underground mining to enhance Hemi's production profile. Conducted on the November 2023 Mineral Resource Estimate (MRE), the study suggests substantial potential for underground mining beneath current open-pit designs, particularly in the Diucon and Eagle areas.