DeSoto Resources Initiates Drilling at Spectrum Project

An update from Desoto Resources Ltd. ( (AU:DES) ) is now available.

DeSoto Resources Limited has commenced earthworks at its Spectrum Project in the Northern Territory, with drilling expected to begin shortly. The project is fully permitted for a comprehensive drilling program targeting copper, gold, and rare earth elements, with significant prospects identified at the Vesper and Quantum sites. This development marks a significant step forward for the company after previous delays due to weather and permitting issues. The successful commencement of drilling at Spectrum is anticipated to enhance DeSoto’s operational capabilities and strengthen its position in the mining sector.

More about Desoto Resources Ltd.

DeSoto Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company has a significant presence in the Northern Territory of Australia, particularly in the Fenton Shear Zone, where it explores for gold, copper, and rare earth elements (REE). DeSoto Resources aims to leverage its strong cash position to conduct drilling operations across multiple continents, including projects in Guinea and Australia.

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Current Market Cap: A$27.93M

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