Tuesday, April 25 2023, marked the annual CDfund Discovery Day. Some 300 investors, including many fund participants, gathered at the beautiful Muziekgebouw aan 't IJ in Amsterdam.
Seven of the world's most successful exploration companies, all nominated for the annual Discovery Award, presented their resource projects. Willem Middelkoop gave an update on The Big Reset. The young and originally Polish geologist Joanna Ponicka gave an inspiring keynote on the importance of exploration for the growing demand for battery metals.
A professional jury of our Fund Managers named De Grey Mining as the winner of the 2023 CDFund Discovery Award. The defining factors this year were the value creation for the CDF portfolio since the discovery and the incredible size of the deposit established in a short period of time.
CDF's first funding in Australian De Grey in July 2019 was at 5 cents. A year and a half later, the share price recorded a high of 1.60 Australian dollars; a 3100% return. This makes it one of our biggest successes ever. Moreover, viable world-class deposits are always acquired by large producing companies. So De Grey's Hemi discovery of 8.5 million ounces of gold is exactly what is being looked for.
The full day was recorded and can be viewed at the top of this page and via our YouTube channel.
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