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Desert Metals Ltd. ( (AU:DM1) ) has shared an announcement.
Desert Metals Ltd. has initiated an extensive drilling program at its Tengrela South gold permit in northern Côte d’Ivoire, aiming to explore previously untested gold anomalies. The company is also conducting a geophysical survey and auger drilling at the Adzope project, with diamond drilling scheduled to commence in May 2025. These efforts are part of Desert Metals’ strategy to concentrate on its most promising projects, having divested from other joint ventures. Additionally, the company has raised $3.25 million through a placement to accelerate exploration activities, indicating a strong commitment to advancing its gold projects in the region.
More about Desert Metals Ltd.
Desert Metals Ltd. operates in the mining industry, focusing on gold exploration and development. The company primarily targets gold mineralization within the Birimian gold belt in Côte d’Ivoire, with significant projects at Tengrela South and Adzope.
YTD Price Performance: -5.00%
Average Trading Volume: 1,269,679
Technical Sentiment Signal: Buy
Current Market Cap: A$8.4M
For a thorough assessment of DM1 stock, go to TipRanks’ Stock Analysis page.