Desoto Resources Ltd. ( (AU:DES) ) has issued an update.
DeSoto Resources Limited has completed soil and dump sampling programs at its Dadjan, Tole, and Timbakouna projects in Guinea, with a key environmental study enabling rapid drill permitting in the Siguiri Basin. The company plans to commence power auger drilling following the approval of the Siguiri Basin acquisition. In the Northern Territory, drilling contractors have been appointed, and permits are in place for extensive drilling activities. DeSoto has withdrawn from a manganese project in Brazil due to unmet technical and tenure thresholds, focusing instead on its strong project pipeline in Guinea and the Northern Territory.
More about Desoto Resources Ltd.
DeSoto Resources Limited is a company operating in the mining and exploration industry, focusing on gold, rare earth elements, copper, and manganese. The company is actively engaged in exploration projects across Guinea, Northern Territory, and Brazil, with a strategic emphasis on leveraging its technical expertise and exploration skills.
YTD Price Performance: 20.0%
Average Trading Volume: 298,894
Technical Sentiment Signal: Strong Buy
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