TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
An announcement from Desert Metals Ltd. ( (AU:DM1) ) is now available.
Desert Metals Limited has allotted 6,381,747 ordinary shares as partial consideration for drilling services at the King Kong prospect on the Adzope permit in Côte d’Ivoire. This strategic move, executed under its existing placement capacity, highlights the company’s ongoing commitment to expanding its exploration activities in West Africa, potentially enhancing its market position and offering new opportunities for stakeholders.
More about Desert Metals Ltd.
Desert Metals Limited is an ASX-listed gold exploration and development company. It has the right to earn a majority interest in three gold projects covering 1,074km² in Côte d’Ivoire, West Africa. The company currently owns 51% of the Tengrela South project and is working towards an 80% stake in the Adzope gold project.
Average Trading Volume: 2,126,662
Technical Sentiment Signal: Sell
Current Market Cap: A$6.42M
For a thorough assessment of DM1 stock, go to TipRanks’ Stock Analysis page.