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Desert Minerals Ltd. ( (AU:DSM) ) has issued an announcement.
Desert Minerals has advanced exploration across its Mt Monger Gold and Scotty Lithium projects during the March quarter, launching a 379-sample Ultrafine Soils Program at Mt Monger to uncover concealed gold anomalies and refine drill targets around historic prospects. The company also began systematic drilling at Scotty in Nevada to test near-surface lithium zones and support a maiden JORC resource, while maintaining a strong cash position of about A$3.24 million and actively screening additional project opportunities to expand its portfolio of high-quality mineral assets.
Management emphasised that, following its October ASX listing, the focus has been on careful planning, permitting and targeting of exploration programs to enable disciplined execution. These steps position Desert Minerals to potentially grow its gold and lithium resource base and enhance its standing in key battery metals and precious metals markets, with implications for future value creation for shareholders as results from these campaigns emerge.
More about Desert Minerals Ltd.
Desert Minerals Ltd. is an ASX-listed resource exploration company focused on gold and lithium projects in Tier 1 mining jurisdictions across Australia and North America. Its key assets include the Mt Monger Gold Project in Western Australia and the Scotty Lithium Project in Nevada, USA, where it applies systematic, technology-driven exploration to build JORC-compliant resources.
Average Trading Volume: 148,113
Technical Sentiment Signal: Strong Sell
For detailed information about DSM stock, go to TipRanks’ Stock Analysis page.