Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Desoto Resources Ltd. ( (AU:DES) ) has provided an announcement.
DeSoto Resources Limited has commenced diamond drilling at its Fenton South Project in the Northern Territory, targeting a significant Au-Cu anomaly identified through extensive surveys and 3D modeling. The company is also preparing to begin drilling at its Spectrum Project, which has received all necessary permits, to explore REE-Au-Cu targets. These initiatives mark a significant step in DeSoto’s exploration activities, supported by a robust cash balance, as they aim to advance their high-priority targets following delays due to weather and permitting challenges.
More about Desoto Resources Ltd.
DeSoto Resources Limited is a company operating in the mining industry, focusing on exploration and development projects. Their primary products include gold (Au) and copper (Cu), with a market focus on mineral resource exploration in the Northern Territory of Australia and the Siguiri Basin in Guinea.
Average Trading Volume: 513,585
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$30.73M
For a thorough assessment of DES stock, go to TipRanks’ Stock Analysis page.