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The latest announcement is out from Desoto Resources Ltd. ( (AU:DES) ).
DeSoto Resources Limited has commenced drilling with a second rig at its Spectrum Project in Northern Territory, Australia, accelerating its exploration efforts. The Spectrum Project, located on the Tipperary Pastoral Station, is free from environmental and Native Title concerns, and is strategically positioned within DeSoto’s existing Fenton tenement. The project targets significant electromagnetic and magnetic anomalies, with recent drilling progress showing promise, particularly at the Vesper target and Quantum Rare Earth Discovery.
More about Desoto Resources Ltd.
DeSoto Resources Limited is a company operating in the mining and exploration industry, focusing on the discovery and development of mineral resources. The company is engaged in exploration programs across the Siguiri Basin in Guinea and several projects in Australia, with a particular emphasis on gold and copper exploration.
Average Trading Volume: 633,057
Technical Sentiment Signal: Buy
Current Market Cap: A$27.08M
For an in-depth examination of DES stock, go to TipRanks’ Overview page.