Argonaut acted as Joint Lead Manager to a $100.1 million Placement for De Grey Mining Limited (ASX: DEG), along with a sell down of $3.1 million by De Grey Officers. The Offer was underpinned by strong support from international and domestic institutional and sophisticated investors and was used for exploration drilling programs at mineralised intrusions in Hemi and regional targets, as well as in key site infrastructures.

De Grey Mining Limited (ASX: DEG) is a mining company based in Western Australia that focuses on gold exploration and development activities at the Mallina Gold Project (MGP) in the Pilbara region of Western Australia. The Company processes base and metal resources, including substantial lithium deposits from tenement packages in the Pilbara region, where they have made large scale, high value, near-surface gold discoveries, and have introduced intrusion-hosted forms of gold mineralisation.