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Doray Minerals Limited (ASX: DRM) is an Australian-based high-grade gold producer, developer and explorer with substantial exploration upside.
The Company controls two high-grade Western Australian gold assets - the operating Andy Well Gold Project (Andy Well) and the development-ready Deflector Gold Project (Deflector). Doray's complementary project portfolio provides increased scale, liquidity and market presence, and a potential re-rating based on its strengthened market positioning.
Doray is one of the highest grade and highest margin gold producers in Australia from its Andy Well Gold Project and is in a strong financial position.
The Company plans to develop the Deflector Gold project as expeditiously as possible and aims to be in production in 2016.
There is substantial exploration upside with the potential for additional deposits and a highly prospective regional exploration project portfolio in WA and South Australia is already delivering results.
The Company has an excellent track record of meeting milestones on time and under budget and its experienced board and management team has expertise in discovery, development and production.
The Company is focused on reaching production targets at Andy Well, delivering strong financial results, developing the Deflector Project, accelerating exploration and reaping rewards for shareholders.
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