Northern Star Resources Limited has successfully completed its acquisition of De Grey Mining Ltd through a court-approved scheme of arrangement. Under the terms of the scheme, all De Grey shares are now held by Northern Star Resources Limited, with eligible shareholders receiving 0.119 new Northern Star Resources Limited shares for each De Grey share held as of 5:00 pm (AWST) on 28 April 2025. The new shares are set to begin trading on a normal settlement basis from 6 May 2025. In addition, the company has arranged for a Sale Nominee to handle the issuance of shares meant for ineligible shareholders and those pertaining to applicable foreign resident CGT shareholders; the net proceeds from these sales will be distributed according to the process detailed in the De Grey Scheme Booklet. In parallel with the completion of the acquisition, De Grey Mining Ltd has applied for removal from the official list and the termination of share quotations on the ASX, with its delisting expected to take effect at the close of trading on 6 May 2025. This strategic move not only integrates De Grey’s assets into Northern Star Resources Limited’s portfolio but also aligns with the company’s broader objective of delivering superior shareholder returns through high-quality, large-scale gold mining operations in Western Australia. Stuart Tonkin, Managing Director and CEO of Northern Star Resources Limited, expressed enthusiasm over the acquisition, highlighting that the De Grey asset, particularly the Hemi project, is positioned as a low-cost, long-life, and large-scale operation in a tier-1 jurisdiction. He emphasized the company’s commitment to effective integration, robust relationships with local Traditional Owners including the Kariyarra people, and overall portfolio enhancement aimed at increasing cash earnings and operational strength. A bullish sentiment emerges from this announcement due to the strategic diversification and expansion into a promising mining asset that has the potential to generate steady returns and strengthen the company’s market position. However, a bearish perspective might arise from concerns over integration challenges, potential dilution from share issuance, and the risks associated with operational transitions. Overall, the news positions Northern Star Resources Limited on a promising path while underscoring critical areas for close observation in the coming months.