Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Desert Metals Ltd. ( (AU:DM1) ) has provided an announcement.
Desert Metals Limited announced the allotment of 9,777,770 ordinary fully paid 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 the company’s existing placement capacity, aligns with Desert Metals’ ongoing efforts to expand its gold exploration activities in West Africa, potentially enhancing its market position and stakeholder value.
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 through low-cost joint venture arrangements in three gold projects covering 1,074km² of granted mineral permits and permit applications in Côte d’Ivoire, West Africa. The company currently owns 51% of the Tengrela South project and is earning 80% of the Adzope gold project.
Average Trading Volume: 1,608,347
Technical Sentiment Signal: Buy
Current Market Cap: A$12.83M
Find detailed analytics on DM1 stock on TipRanks’ Stock Analysis page.