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The latest announcement is out from Desert Metals Ltd. ( (AU:DM1) ).
Desert Metals reported progress across its Côte d’Ivoire gold portfolio for the December 2025 quarter, highlighting ongoing work at the Adzope and Tengrela South permits. At Adzope, the company has delineated a more than 3km-long anomalous gold structure at the King Kong prospect, supported by strong geophysical and geochemical signatures and high-grade diamond drilling intercepts, and has commenced a regional stream sediment sampling program over the largely unexplored 228km² permit, including the under-tested Beach prospect. At Tengrela South in northern Côte d’Ivoire, aircore drilling is scheduled to begin in February 2026 to follow up high-grade gold results from the Tiogo and Kakologo prospects. To fund these exploration activities, Desert Metals has secured firm commitments for a $1.25 million capital raising, with both placement tranches now completed, underpinning continued drilling, advanced geophysics and systematic sampling programs planned for the first half of 2026.
The most recent analyst rating on (AU:DM1) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Desert Metals Ltd. stock, see the AU:DM1 Stock Forecast page.
More about Desert Metals Ltd.
Desert Metals Ltd is a mineral exploration company focused on gold projects in Côte d’Ivoire, particularly the Adzope and Tengrela South permits. The company is advancing high-grade gold prospects such as King Kong in the Adzope project area and targets structurally controlled gold mineralisation within largely underexplored tenements.
Average Trading Volume: 1,409,903
Technical Sentiment Signal: Sell
Current Market Cap: A$7.16M
For detailed information about DM1 stock, go to TipRanks’ Stock Analysis page.