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Desert Metals Ltd. ( (AU:DM1) ) has provided an update.
Desert Metals Ltd. has announced the completion of a significant geophysics program at the King Kong prospect in southern Côte d’Ivoire, leading to the commencement of a 5,000-meter diamond drilling program targeting a 1.4 km gold corridor. The drilling aims to expand on previous high-grade gold intercepts and test the continuity of mineralization, with results expected to enhance the company’s exploration portfolio. Additionally, initial aircore drilling at the Tengrela South Permit in northern Côte d’Ivoire has confirmed promising gold prospects, prompting further exploration plans for late 2025. The company also completed a substantial share placement, raising over $2 million to support its exploration activities.
More about Desert Metals Ltd.
Desert Metals Ltd. operates in the mining industry, focusing on gold exploration and development. The company is engaged in identifying and developing high-potential gold prospects, particularly in Côte d’Ivoire, West Africa.
Average Trading Volume: 1,639,866
Technical Sentiment Signal: Sell
Current Market Cap: A$9.95M
Learn more about DM1 stock on TipRanks’ Stock Analysis page.