De Grey Mining – $130m Placement  – September 2022

Mallina Gold Project fully funded to FID with De Grey’s successful $130 million Placement

Argonaut acted as Joint Lead Manager and Joint Underwriter to a $130 million Placement for De Grey Mining Ltd (ASX: DEG) (“De Grey” or the “Company”). The Placement was underpinned by strong support from domestic and international institutional and sophisticated investors.

Funds from the Placement will be applied towards the Mallina Gold Project DFS, resource definition, discovery and extension drilling, structures project funding process, pre-development activities as well as general working capital.

Argonaut is delighted to continue to provide support to De Grey and looks forward to De Grey’s ongoing success.

Additional information regarding De Grey can be found on the Company’s website at https://degreymining.com.au/