Desoto Resources Ltd. (AU:DES) has released an update.
DeSoto Resources Limited has announced the completion of ground geophysical surveys leading to the identification of high priority targets for drilling at their Spectrum and Fenton Projects. The company is set to drill test these areas after receiving imminent government approval and has secured a land access agreement with local station owners. Delays in the new Northern Territory drilling permit process have pushed back the commencement of drilling, but operations are expected to begin shortly with the new system now in place.
For further insights into AU:DES stock, check out TipRanks’ Stock Analysis page.