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ASX growth investing is a trend that has rapidly grown in popularity over the past few years. From the rise of the WAAAX shares to the rise of buy now, pay later (BNPL) companies, there has certainly been a lot going in in this space.

But of the countless companies trying to occupy this space, which are the best shares to invest in for 2021 and beyond? Here are 2 to consider today:

2 ASX growth shares

Afterpay Ltd (ASX: APT)

Afterpay, we’re here again. This BNPL pioneer is never far from the spotlight. Last year, Afterpay sensationally cratered during the coronavirus-induced market crash, falling to a multi-year low of $8.01 a share. But since then, this company has managed to engineer a stunning recovery.

Just last month, Afterpay yet again set a new all-time high share price of $151.22. Even on today’s share price of $147.02 (at the time of writing), this company is up more than 1,500% from those lows.

Although this share price looks expensive from that perspective, there’s a reason investors’ can’t get enough of this company. It has been growing at breakneck speed too.

In its annual report for FY2020, the company announced a 112% increase in underlying sales to $11.1 billion and a 73% rise in earnings before interest, tax, depreciation and amortisation (EBITDA). Afterpay has always been a company that has looked expensive. But remember, that perception has not paid off for anyone in the past 5 years.

Bigtincan Holdings Ltd (ASX: BTH)

Bigtincan is another ASX growth share to look at today. This company provides a Software-as-a-Service (SaaS) business model which provides businesses with access to Bigtincan’s Hub platform.

Bigtincan Hub works as a ‘sale enablement’ service and allows business clients to use tools like document editing, cloud storage and video conferencing. It essentially helps businesses function more efficiently, and hone their marketing strategies. It has also been expanding rapidly, especially in the past year. The acquisitions of VoiceVibes and ClearSlide have the potential to add a lot of functionality to Bigtincan Hub, and allow the company to expand into areas where it previously had little presence.

On top of that, Bigtincan is a company that is already growing fast organically. In its recently-announced quarterly update, Bigtincan told investors that recurring revenues had grown by an astonishing 50% over the prior corresponding quarter. Its recent capital raising has also left the company with plenty of cash in the bank for future expansion.

More reading

• Leading broker tips 3 ASX shares to positively surprise during earnings season
• 2 explosive ASX growth shares to buy immediately
• ASX 200 up 0.9%, Afterpay drops, CBA rises
• 2 ASX shares that humbled successful fundies
• Why the Afterpay (ASX:APT) share price is pushing higher again

Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends BIGTINCAN FPO. The Motley Fool Australia owns shares of and has recommended BIGTINCAN FPO. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Peel Mining Ltd (ASX: PEX) share price shot 11% higher today on the back of a market update about the miner’s Wirlong site. Peel shares are swapping hands for 25 cents apiece at the time of writing.

Peel Mining is a western New South Wales mineral explorer. The company is focused on developing large-scale and high-grade base metal deposits in the Cobar Superbasin.

Peel Mining holds an approximate 27% shareholding in Saturn Metals Ltd (ASX: STN), a junior gold exploration company that has built a portfolio of assets in the Western Australian Goldfields region.

Peel Mining share price soars upon copper announcement

Prior to the Peel Mining share price shooting up, the company reported very strong copper mineralised intercepts at its 100% owned Wirlong deposit.

In today’s announcement, Peel highlighted the mineralisation discovered is consistent with and supports the company’s geophysical and geological modelling. The modelling involves the application of an electromagnetic conductor plate and a revised structural model.

Peel Mining managing director Rob Tyson commented:

These drillholes continue to demonstrate very high copper tenors, akin to those seen in previous drilling. The results highlight Peel’s opinion of the potential of Wirlong as we push towards a maiden mineral resource and emphasise our desire to become Cobar’s next copper-dominant base and precious metals mining Company.

A summary of Peel Mining’s Wirlong project

The Wirlong Copper discovery is located approximately 70km south-southeast of Cobar. Mineralisation at Wirlong has been defined from near-surface to a depth of more than 600 metres below surface.

As mentioned by Tyson, the company has initiated efforts to establish a copper-rich maiden mineral resource at Wirlong. The resource definition program for this project consists of approximately 11,000 metres of drilling and is anticipated to be completed in the June quarter of 2021.

The next steps for the maiden resource are preliminary metallurgical testwork, ore sorting trials, along with resource modelling and estimation and a scoping study.

The Peel Mining share price has fallen 6.25% over the past six months. On current prices, the company has a market capitalisation of $80.3 million.

More reading

• Goldman Sachs names 2 growing ASX dividend shares to buy
• Why is the Origin (ASX:ORG) share price tanking today?
• Why the Adveritas (ASX:AV1) share price is rising 5% higher
• Here’s why the Qantas (ASX:QAN) share price is soaring today
• Amazon introduces new electric delivery trucks in Los Angeles

Motley Fool contributor Gretchen Kennedy has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you’re an income investor on the lookout for dividends that could grow strongly in the future, then you might want to take a look at the shares listed below.

Here’s why they could be worth considering:

Bravura Solutions Ltd (ASX: BVS)

Bravura Solutions is the financial technology company behind the Sonata wealth management platform. This popular platform allows financial advisers to connect and engage with clients via computers or smart devices.

In addition to this, the company has been bolstering its offering with a number of key acquisitions in recent years. This includes the addition of FinoCamp, Midwinter, and Delta Financial Systems.

FinoCamp builds unique and highly flexible software that supports the UK wealth market, Midwinter is a financial planning software provider, and Delta Financial Systems provides technology to power complex pensions administration in the UK market.

FY 2021 looks set to be a very challenging year because of the pandemic and Brexit. However, analysts at Goldman Sachs think investors should look beyond this short term weakness and focus on its strong long term growth potential.

The broker currently has a buy rating and $4.50 price target on its shares. It is also forecasting dividends of ~10.6 cents per share, ~12.4 cents per share, and ~14.4 cents per share over the next three years. This represents yields of 3.5%, 4.1%, and 4.7%, respectively.

Coles Group Ltd (ASX: COL)

This supermarket giant is another ASX share which has been tipped to grow its dividend at a solid rate in the coming years.

This is thanks to its defensive qualities, focus on automation, cost cutting, and growing own brand sales.

Goldman Sachs is also very positive on Coles and currently has a buy rating and $21.10 price target on its shares.

The broker is forecasting dividends of 64 cents per share, 68 cents per share, and 76 cents per share over the next three years. Based on the current Coles share price of $18.30, this represents fully franked yields of 3.5%, 3.7%, and 4.15%, respectively.

More reading

• 4 most trusted ASX companies (and the 4 least trusted)
• 2 of the best ASX dividend shares to buy today
• Got cash to invest? Here are 3 ASX shares to buy
• Top ASX shares to buy in February 2021
• ASX 200 Weekly Wrap: Reality (and GameStop) finally hits ASX

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Bravura Solutions Ltd. The Motley Fool Australia owns shares of COLESGROUP DEF SET. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Origin Energy Ltd (ASX: ORG) share price is down by 7.06% to $4.61 at the time of writing.

The downward spiral was set off by the release of Origin’s revised operating conditions and guidance for FY2021.

Here’s a few things we learned from the announcement.

Origin expects gross profits to be down

Origin expects FY2021 electricity gross profit to be down $250–290 million year-over-year. The previous guidance predicted a $170–220 million reduction.

The company puts this loss to lower wholesale prices, payment of a non-recoverable $40 million increase in network costs and the impact of mild summer conditions.

The natural gas gross profit is also expected to be down $200–250 million year-over-year. This has been raised from the original $100–150 million estimate.

Origin advised that the decline of the natural gas gross profit was influenced by lower sales and the roll off of legacy sales contracts that totalled $70 million.

The company believes that improved LPG and community energy services will partially offset electricity and gas gross profit losses.

Origin share price slides in tough operating environment

In addition to revised guidance, the company also commented on the current business environment.

Origin lists the influences of the coronavirus and weather patterns brought by La Niña as having had a material effect on the business.

The company expects the presently challenging operating conditions of energy markets to persist in FY2022.

Origin downgraded its underlying earnings (including electricity and gas) to the $1–1.14 billion range. Its initial guidance estimated between $1.15–1.3 billion.

Commenting on Origin’s position, CEO Frank Calabria said:

Origin has two leading businesses with high quality assets and resources. We remain very focused on maximising value from the existing businesses and pursuing growth in customer value and low carbon solutions, which puts Origin in an ideal position to lead, and capture value, from the energy transition.

Regardless of the downgrades, Origin believes that its retail business is still on track to meet its $100 million FY2021 cost out target. The company stated that operations are performing well with strong cash flow generation.

The Origin share price has lost over 37% during the last 12 months.

More reading

• Why AGL, Bubs, BWP, & Origin shares are dropping lower
• ASX 200 down 0.7%: AGL & Origin sink lower, Qantas pushes higher
• Here’s why the Origin Energy (ASX:ORG) share price is climbing today
• These ASX energy stocks just got zapped by a broker downgrade
• Why ASX energy shares are under pressure right now

Motley Fool contributor Gretchen Kennedy owns shares of Origin Energy Limited. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Adveritas Ltd (ASX: AV1) share price is on the rise today after announcing its first contract with a European customer.

Based in Perth and Singapore, Adveritas is a fraud prevention software services company that specialises in digital advertising. The business services customers world-wide through its flagship software product, TrafficGuard.

During the opening minutes of trade, the Adveritas share price reached an intraday high of 18.5 cents, However, some slight profit taking have led its shares to retrace to 18 cents, up 5.9%.

What did Adveritas announce?

In today’s release, the company reported it has signed a commercial agreement with Deezer, a French online music streaming service.

Developed in Paris, Deezer allows its users to listen to music content from record labels. The company has over 56 million licenced tracks in its music library and 100 million playlists. In addition, Deezer boasts a member base of 16 million active users spanning over 180 countries.

Deezer is also the exclusive global music partner of smart technology wearable and fitness company, Fitbit.

Terms of the deals

Under the agreement, Adveritas will supply Deezer with TrafficGuard’s mobile app install anti-fraud solution. The Software-as-a-Service (SaaS) product detects and prevents real-time ad fraud. This keeps incoming traffic clean, increases reach, and drives return on ad spend.

For access to the service, Deezer will pay Adveritas a monthly base fee of 4,000 euros for a minimum 6-month period. The contract is extendable outside Deezer’s mobile segment, in which Adveritas is currently running trials into web and social spend.

The contract follows a raft of recently signed smaller deals which is expected to contribute to Adveritas annualised revenue. It noted that since the beginning of the calendar year, combined additional revenue stands at roughly $100,000.

Words from the CEO

Adveritas CEO Mat Ratty, touched on the company’s flagship software product, saying:

The rise of sophisticated fraud that installs apps, wasting companies’ advertising spend and causing misallocation of marketing budgets, makes tools like TrafficGuard more important than ever before.

With a number of global companies running trials with TrafficGuard, a few in contract negotiations, and a substantial increase in qualified leads across multiple industry verticals and regions over the past few weeks, we are well positioned to build on recent momentum.

About the Adveritas share price

Over the past 12 months, the Adveritas share price is down almost 20%. The company’s shares dive down to a 52-week low of 6.5 cents in March, before see-sawing for most of the year.

At the start of November, its shares rapidly shot up after reporting a surprise positive quarterly report. Since then, the Adveritas share price has stabilised around the late teens mark.

More reading

• Why is the Origin (ASX:ORG) share price tanking today?
• Here’s why the Qantas (ASX:QAN) share price is soaring today
• Amazon introduces new electric delivery trucks in Los Angeles
• Top brokers just upgraded these 3 ASX shares to “buy”
• Fossil fuels vs renewables: What’s ahead for ASX energy shares?

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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It has been a positive day for the Qantas Airways Limited (ASX: QAN) share price on Thursday.

At one stage today, the airline operator’s shares were up over 3% to $4.85.

The Qantas share price has since pulled back a touch but remains up 1.5% to $4.77 at the time of writing.

Why is the Qantas share price pushing higher?

Investors have been buying Qantas shares on Thursday after it announced a wet lease agreement with Alliance Aviation Services Ltd (ASX: AQZ) that will see the latter provide up to 14 E190 aircraft to Australia’s flag carrier airline.

A wet lease agreement is one where the lessor provides an entire aircraft and at least one crew member.

Alliance will initially provide Qantas with three E190 aircraft to commence operations in mid-2021. Qantas then has the option to call on an additional eleven aircraft based on market conditions.

According to the release, Qantas has made the move in order to meet an expected surge in local tourism demand once the country moves beyond sudden COVID-related border closures.

The Embraer E190 aircraft is a 94-seat jet with a five-hour range. Qantas believes this makes it well suited to linking regional centres with smaller capital cities. Judging by the Qantas share price reaction today, the market appears to agree.

What are the routes?

The initial routes that Alliance will fly for Qantas are expected to include Adelaide–Alice Springs, Darwin–Alice Springs, and Darwin–Adelaide.

The Boeing 737s that are currently used on these routes will be redeployed elsewhere in Australia. This is part of an ongoing ‘right aircraft, right route’ approach to the Qantas network.

QantasLink CEO, John Gissing, spoke very positively about the agreement. He feels it reflects the kind of flexibility Qantas needs to respond to opportunities without committing any capital.

He said: “We know this current climate of snap border closures will pass and we want to be ready for the recovery and for what is a structurally different market to what we had pre-COVID. The ability to switch on extra capacity with Alliance will help us make the most of opportunities in a highly competitive environment and having the right aircraft on the right route helps us deliver the schedule and network that customers want.”

Better economics

Mr Gissing notes that the E190 jets are perfectly suited to the routes that it is going to be flying.

He explained: “The E190 is a perfect mid-size regional jet for routes like these ones in northern Australia. It has longer range than our 717s and it’s about half the size of our 737s, which means the economics work well on longer flights between cities and towns outside of the top five population centres.”

“Instead of one or two flights a day with a larger aircraft, we can offer three or four flights a day on the E190, which gives customers in these cities a lot more choice about when they travel,” he added.

The agreement is also good news for Qantas international pilots and cabin crew that have been left without work because of COVID-19.

Mr Gissing commented: “Importantly, Alliance is keen to provide the opportunity for our international pilots and cabin crew to operate the E190s given it will be some time before overseas markets fully recover.”

Where next for the Qantas share price?

Although the Qantas share price has recovered strongly from its COVID-low, analysts at Goldman Sachs still see plenty of upside.

According to a note from 29 January, Goldman has a buy rating and $7.05 price target on its shares. Based on the current Qantas share price, this implies potential upside of almost 48% over the next 12 months.

More reading

• ASX 200 down 0.7%: AGL & Origin sink lower, Qantas pushes higher
• Why Alliance Aviation, REA Group, SEEK, & Vulcan shares are charging higher
• 4 most trusted ASX companies (and the 4 least trusted)
• Alliance Aviation (ASX:AQZ) share price surges 13% higher on Qantas (ASX:QAN) deal
• The latest ASX stocks to be hit by broker downgrades

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Amazon.com, Inc (NASDAQ: AMZN) announced yesterday that it has started using electric vehicles (EVs) for deliveries in the Los Angeles area after four months of testing. The delivery trucks are made by EV start-up Rivian. 

Amazon led a $700 million investment round in Rivian in 2019 as part of the Climate Pledge agreement it co-founded. The agreement commits to achieving net-zero carbon emissions by 2040, 10 years earlier than the Paris Accord’s plan. Amazon ordered 100,000 electric delivery vans from Rivian to help achieve that goal, and plans to have 10,000 of the vehicles in service in 2022, with all 100,000 by 2030. 

Amazon said it will have its new custom EVs operating in 15 additional cities this year. “This is one of the fastest modern commercial electrification programs, and we’re incredibly proud of that,” sad Ross Rachey, director of Amazon’s global fleet and products. 

The new vehicles have a range of 150 miles on a single charge. Amazon said it has also begun installing thousands of charging stations at its delivery hubs across North America and Europe. In order to meet its commitment, the company said in its news blog, it is also “exploring new technologies, alternative fuels, and delivery methods that deliver packages to customers in a more sustainable way”.

In addition to the specialty vehicles for Amazon, Rivian plans to manufacture electric pickup trucks and SUV “adventure vehicles” specialising in off-road conditions. The company has raised $8 billion since the start of 2019 to fund its development.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

More reading

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• GameStop (NYSE:GME) appoints 3 new Vice Presidents from Amazon and Chewy
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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Howard Smith owns shares of Amazon. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Amazon and recommends the following options: long January 2022 $1920 calls on Amazon and short January 2022 $1940 calls on Amazon. The Motley Fool Australia has recommended Amazon. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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The market is losing ground today but some ASX shares are bucking the downtrend after brokers upgraded their ratings to “buy”.

The S&P/ASX 200 Index (Index:^AXJO) slumped 0.7% during lunch time trade with just about every sector losing ground.

However, the CSR Limited (ASX: CSR) share price is defying the gloom to jump 2.9% to $5.76 – a more than 10-year high.

Building to an ASX share “buy” upgrade

The positive outlook for residential construction is one driver for its outperformance. But an upgrade by Macquarie Group Ltd (ASX: MQG) is also probably helping.

“While the recovery from COVID-19 in health terms may well come in fits and starts, the earnings cycle for stocks seems well supported in the near term,” said the broker.

“Longer-term concerns around the lack of migration and its impacts on sustainability are likely less pertinent to the investment thesis, especially in 1HCY21.”

Macquarie lifted its earnings per share (EPS) forecasts for the sector to above consensus, and it believes the upgrade cycle has not yet run its course.

The broker changed its recommendation on the CSR share price to “outperform” from “neutral” with a price target of $6 a share.

Earnings remodeling

But CSR isn’t the only ASX stock that is leveraged to the positive housing activity outlook. The big jump in renovations prompted Macquarie to also upgrade the GWA Group Ltd (ASX: GWA) share price “outperform” from “neutral”.

Shares in the household fittings group surged 3.6% to $3.62 at the time of writing.

The broker noted that alterations and additions (A&A) approvals increased by 29% in the December 2020 quarter compared to the same period in 2019.

This is probably thanks to the federal government’s HomeBuilder grant. A&A accounts for more than 60% of GWA’s revenue.

Building approvals for detached housing also increased by an eye-watering 42% in the quarter compared to 4QCY19.

A&A and detached activity are expected to remain elevated for a while yet. The broker’s 12-month price target on the GWA share price is $3.90 a share.

Attractive package

Finally, the Amcor CDI (ASX: AMC) share price got upgraded by UBS to “buy” from “neutral” following its first half profit result.

Shares in the packaging company fell 3.4% to $14.52 at the time of writing, but the AMC share price jumped 4.5% yesterday on the earnings news.

Amcor posted results that were ahead of the market’s and UBS’ expectations, thanks largely to organic growth and its Bemis acquisition. Management also upgraded its FY21 guidance to above consensus.

“We are attracted to Amcor’s leading position across key global consumer packaging markets,” said UBS.

“The defensive nature of these markets is clearly supporting Amcor’s earnings base and cash flows despite COVID-19 related uncertainty.

“We think this earnings resiliency and growth outlook, combined with a solid dividend yield of c.4% should support the stock.”

UBS’ 12-month price target on the AMC share price is $16.60 a share.  

More reading

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Motley Fool contributor Brendon Lau has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Amcor Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you were running a successful, multi-billion company and someone asked what your plans were to wind it down, what would you say?

This isn’t a rhetorical question.

In fact, it is the gist of the demand Market Forces, an environmental activist investor group, is making to some of Australia’s biggest energy shares.

As the Australian Financial Review (AFR) reports, Market Forces is asking “ASX-listed fossil fuel companies to plan for their own demise in order to align with Paris climate goals”.

Their first target is the $14 billion ASX oil and gas giant, Santos Ltd (ASX: STO), part of the S&P/ASX 200 Index (ASX: XJO).

Santos’ management, as you might expect, indicated they had no plans to shutter operations, replying:

Santos does not intend to close down its oil and gas operations, as doing so would be against the interests of shareholders and would not be consistent with global climate and human development goals, particularly reducing air pollution and poverty.

According to Santos, 80% of the world’s primary energy needs are still derived from oil and gas. A figure that’s unchanged since 1975. Rather than eliminating its fossil fuel production, the company is working on reducing emissions via novel technologies in carbon capture and storage. Santos is also involved in developing hydrogen energy sources with no carbon footprint.

Other ASX energy shares in Market Forces’ crosshairs this year are Woodside Petroleum Limited (ASX: WPL) with a market cap of $24 billion; Oil Search Ltd (ASX: OSH) with a market cap of $8.5 billion; Whitehaven Coal Ltd (ASX: WHC) with a market cap of $1.6 billion; and New Hope Corporation Limited (ASX: NHC) with a market cap of just over $1 billion.

Market Forces is working under the assumption that Australia, and the rest of the world, can quickly transition away from fossil fuels, replacing the energy sources with renewables.

But how close is Australia really to switching off all the gas in favour of solar and wind?

Has the demise of gas been greatly exaggerated?

Consultancy firm Wood Mackenzie estimates that Australia will require 10 times more gas to generate power than what the Australian Energy Market Operator (AEMO) has forecast.

According to the AFR, WoodMac forecasts that gas will still provide some 10% of Australia’s power in 2030, as opposed to AEMO’s 1% estimate.

WoodMac senior analyst Rishab Shrestha said:

You need a balanced portfolio to avoid extreme price spikes. We need to manage the speed of this transition, and perhaps the transition blueprint that has been laid out does not necessarily capture all the risks that are associated with that.

The ongoing debates could offer headwinds or tailwinds to the share prices of the biggest ASX energy companies, depending on the outcome.

More reading

• 5 things to watch on the ASX 200 on Thursday
• Why this Goldman Sachs forecast could see these 3 ASX energy shares lift off
• ASX coal stocks increasingly isolated with rise of start-ups like MGA Thermal
• 5 things to watch on the ASX 200 on Wednesday
• Oil Search (ASX:OSH) share price rises today after a week in the red

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The De Grey Mining Limited (ASX: DEG) share price is slipping, down 3.57% at the time of writing.

Shares are sliding today despite a positive announcement from the Western Australia gold explorer and developer released to the ASX this morning.

Let’s take a closer look at what this announcement means for the De Grey share price. 

What did De Grey Mining report on its gold projects?

This morning, De Grey Mining released an update of its gold exploration activities at the Greater Hemi Intrusion targets. This area encompasses the Hemi Gold Discovery, south of Port Hedland in Western Australia.

The company is targeting various sites including Scooby to the east and Antwerp, Alectroenas, and Shaggy to the west of Hemi. De Grey is using aircore drilling, geophysical, and geochemical techniques to identify mineralised intrusions. Between January 2020 and early February 2021, it has drilled 2,135 aircore holes totalling 140,532 metres.

In the latest results, De Grey reported aircore drilling had defined a 2 kilometre by 1 kilometre gold-arsenic zone. The results also reported a coincident Induced Polarisation (IP) target at Scooby, with significant new gold intercepts. A 2km x 1km gold-arsenic zone was also defined in aircore drilling at its Antwerp location.

Quartz veined and altered intrusions were also intersected here in limited shallow RC (reverse circulation) drilling. The company cited the potential for Antwerp to link with its recently discovered Eagle zone.

De Grey now plans to conduct IP surveys at Antwerp, Diucon, and Eagle.

Comments from De Grey

Addressing the drill results, De Grey’s Technical Director, Andy Beckwith said:

Recent exploration activities at Scooby and Antwerp have identified widespread gold mineralisation in aircore drilling warranting follow-up RC drilling. This drilling will commence in the near future in parallel with resource delineation and extension drilling at Hemi, including at the recently discovered Diucon and Eagle zones.

The new IP target coincident with gold and arsenic mineralisation at Scooby are encouraging. The IP results potentially provide a new tool to identify and priorities targets beneath the transported cover. Diucon, Eager and Antwerp will be our next priority IP areas.

De Grey Mining share price snapshot

The De Grey Mining share price was a star performer in 2020, gaining 1,920% in the calendar year. That compares to a flat (down 0.1%) return from the broader All Ordinaries Index (ASX: XAO).

This year, the Western Australian gold explorer has trailed the index returns. With today’s 1% loss taken aboard, the De Grey share price is down 12.6% in 2021.

More reading

• The De Grey (ASX:DEG) share price is sliding lower today
• The biggest ASX bulls are about to get their faith tested
• 2 ASX shares that ran over 1,500% in 2020

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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