Northern Star and De Grey: the Hemi integration test begins

Northern Star Resources completed its scheme of arrangement to acquire De Grey Mining in 2025, bringing the Hemi gold project in Western Australia's Pilbara region into its development pipeline. Company disclosures set Hemi up as the next major Australian growth asset alongside Kalgoorlie.

The integration questions are the usual ones: capital cost inflation on a large Australian build, retention of the technical team that made the discovery, and how aggressively Northern Star pushes for early production versus a fully engineered ramp.