Original article by Brad Thompson, Valerina Changarathil
The Australian – Page: 13 & 19 : 3-Dec-24

Northern Star Resources will acquire smaller gold producer De Grey Mining via a scheme of arrangement. The all-scrip $5bn deal has been unanimously backed by De Grey’s directors, and is subject to shareholder and court approval. Northern Star’s offer comprises 0.119 of its shares for each De Grey share; the latter’s assets include the undeveloped Hemi project in Western Australia, which is slated to produce 530,000 ounces of gold a year during the first decade of operation. Northern Star CEO Stuart Tonkin says he is not concerned about acquiring Hemi without final federal and state environmental approvals in place.

CORPORATES
NORTHERN STAR RESOURCES LIMITED – ASX NST, DE GREY MINING LIMITED – ASX DEG