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Desert Minerals Ltd. ( (AU:DSM) ) has shared an update.
Desert Minerals Ltd. has announced its plans to commence exploration drilling at the Mt Monger Gold Project, which is strategically located in the Eastern Goldfields Province of Western Australia. The project, which boasts a JORC (2012) Inferred Mineral Resource Estimate of 204,700 tonnes at 2.5g/t gold for 16,400 ounces, is positioned near major gold operations and offers substantial upside with multiple untested targets. The company has recently raised $5.0 million through a fully subscribed IPO to advance both the Mt Monger and Scotty Lithium projects, highlighting its strong financial position and commitment to unlocking the full potential of its projects.
More about Desert Minerals Ltd.
Desert Minerals Ltd. is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in gold and lithium projects, with a significant emphasis on its Mt Monger Gold Project and Scotty Lithium Project. Desert Minerals is strategically positioned in the Eastern Goldfields Province of Western Australia, benefiting from excellent access to infrastructure and proximity to established mining operations.
Average Trading Volume: 750,265
For detailed information about DSM stock, go to TipRanks’ Stock Analysis page.
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