DeGrussa is located 900km north-east of Perth in Western Australia and, prior to its decommissioning, included the high-grade DeGrussa and Monty Copper-Gold Mines. DeGrussa is now in care and maintenance, with rehabilitation and closure activities largely suspended pending the completion of works designed to sustainably protect artefact scatters that were previously identified in the area.

During FY25 we completed the sale of the Old Highway Gold Project for a total consideration of $21.2M (A$32.5M) and entered into an agreement to sell the DeGrussa processing facility for A$10M, subject to certain milestones being met. Old Highway is located ~20km west-south-west of our 100%-owned DeGrussa mine in Western Australia. The sale is expected to provide additional opportunities for local stakeholders and the sale proceeds will significantly contribute to our rehabilitation costs.