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Desoto Resources Ltd.
(Sydney:DES)
Desoto Resources Ltd. (DES) vs. iShares MSCI Australia ETF (EWA)
Desoto Resources Ltd. Business Overview & Revenue Model
Desoto Resources Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.25K | 1.25K | 1.06K | 0.00 | 0.00 |
| Gross Profit | -31.17K | 1.25K | -64.85K | -66.55K | -4.73K |
| EBITDA | -2.93M | -2.93M | -1.62M | -1.39M | -149.18K |
| Net Income | -2.91M | -2.91M | -1.69M | -1.46M | -154.61K |
Balance Sheet | |||||
| Total Assets | 14.09M | 14.09M | 9.55M | 10.60M | 1.22M |
| Cash, Cash Equivalents and Short-Term Investments | 6.24M | 6.24M | 5.66M | 8.66M | 881.15K |
| Total Debt | 100.87K | 100.87K | 157.35K | 213.54K | 270.30K |
| Total Liabilities | 890.78K | 890.78K | 511.54K | 450.94K | 353.83K |
| Stockholders Equity | 13.20M | 13.20M | 9.04M | 10.15M | 868.04K |
Cash Flow | |||||
| Free Cash Flow | -1.89M | -3.68M | -3.10M | -1.78M | -141.50K |
| Operating Cash Flow | -2.05M | -2.71M | -1.56M | -1.19M | -128.54K |
| Investing Cash Flow | -401.45K | -1.23M | 536.26K | -2.59M | -12.96K |
| Financing Cash Flow | 4.54M | 4.52M | 18.30K | 9.56M | 1.02M |
Desoto Resources Ltd. Technical Analysis
Desoto Resources Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | €28.87M | -0.52 | -87.86% | ― | ― | -727.17% | |
52 Neutral | AU$37.34M | -5.86 | -26.16% | ― | ― | -43.68% | |
42 Neutral | €59.26M | ― | -6.45% | ― | ― | 39.22% | |
40 Underperform | AU$24.44M | -2.67 | -106.72% | ― | 90.14% | 52.54% | |
28 Underperform | AU$55.17M | -5.61 | ― | ― | ― | -268.97% | |
25 Underperform | AU$48.91M | ― | ― | ― | ― | 7.16% |
Desoto Resources Ltd. Corporate Events
DeSoto Resources Limited has provided an update on its exploration activities in Guinea and Northern Territory. In Guinea, the company completed several drilling and sampling programs across multiple projects, with assay results pending. The recent approval for exploration permits allows DeSoto to expand its exploration efforts in the region. In the Northern Territory, all samples from the 2025 drilling program have been sent to the lab, with results expected soon. These developments could enhance DeSoto’s operational capabilities and strengthen its position in the mining sector.
Desoto Resources Limited has issued an addendum to its Notice of Annual General Meeting, originally released on October 6, 2025. The addendum includes new resolutions, specifically Resolutions 9 to 15, which involve ratifications and approvals for share placements and director participation in these placements. The company has also provided a replacement proxy form to ensure clarity in shareholder voting. This announcement is significant as it outlines the company’s strategic moves to raise capital through share placements, potentially impacting its financial standing and shareholder value.
DeSoto Resources Ltd. has announced an addendum to the notice of its Annual General Meeting, scheduled for November 20, 2025, to include additional resolutions related to a recent capital raising. Shareholders are encouraged to attend the physical meeting or submit proxy votes online, with the company providing digital access to meeting documents and encouraging advance submission of questions.
DeSoto Resources Limited has announced the issuance of 46,681,113 fully paid ordinary shares as part of a Tranche 1 Placement, utilizing its existing capacity under ASX Listing Rules. This move, announced without disclosure under Part 6D.2 of the Corporations Act, signifies the company’s compliance with relevant legal provisions and its strategic efforts to enhance capital, potentially impacting its operational capabilities and market positioning.
Desoto Resources Limited has announced the quotation of 46,681,113 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of a transaction previously announced, which could potentially enhance the company’s market presence and provide liquidity options for stakeholders.
Desoto Resources Ltd. has commenced its maiden Reverse Cycle (RC) drilling program at the Dadjan Gold Project in Guinea, marking the first recorded drilling in an area with over 50 years of artisanal mining history. Additionally, a Power Auger drilling program is underway at the Tole Gold Projects. The company has received promising assay results from trench, rock chip, soil, and dump samples, indicating significant gold mineralization. This exploration effort is part of a broader strategy supported by a recent strategic placement that bolstered the company’s cash reserves to approximately $15.5 million, potentially enhancing its market positioning and operational capabilities.
DeSoto Resources Limited has announced the commencement of drilling operations in the Siguiri Basin, Guinea, after successfully raising A$14 million. This strategic move positions the company to capitalize on the mineral-rich region, potentially enhancing its market standing and offering promising opportunities for stakeholders.
Desoto Resources Limited has announced a proposed issue of securities, with a maximum of 90,061,125 ordinary fully paid shares to be issued. This move is part of a placement or other type of issue, with the proposed issue date set for October 20, 2025. The announcement could impact the company’s market operations and stakeholder interests as it seeks to expand its capital base.
DeSoto Resources Limited, a company listed on the Australian Securities Exchange (ASX), has requested a trading halt on its securities. This halt is pending an announcement related to a capital raising initiative. The trading halt will remain in effect until the announcement is made or until the commencement of normal trading on October 10, 2025, whichever comes first. This move indicates a potential strategic financial maneuver by DeSoto Resources, which could have implications for its market positioning and stakeholder interests.
Desoto Resources Ltd. has announced its upcoming Annual General Meeting, which will address several key resolutions that impact shareholder interests. The agenda includes the consideration of financial statements, the adoption of the remuneration report, the re-election of Dr. Barry Murphy as a director, approval of a mandate to issue equity securities, renewal of proportional takeover provisions, and the issuance of performance rights to a related party, Mr. Chris Swallow. These resolutions are significant for the company’s governance and future strategic decisions, potentially affecting its market positioning and shareholder value.
Desoto Resources Ltd. has announced its 2025 Annual General Meeting, scheduled for November 20, 2025, in West Perth, Australia. The meeting will be held physically, allowing shareholders to attend in person. The company encourages shareholders to submit proxy votes online and to ask questions in advance to facilitate efficient meeting preparation. This announcement underscores Desoto Resources’ commitment to transparency and shareholder engagement, which may positively impact its stakeholder relations and operational transparency.
DeSoto Resources Limited has entered into a strategic exploration alliance with Fortuna Mining Corp to explore new opportunities in Guinea’s Siguiri Basin. This partnership allows DeSoto to benefit from Fortuna’s financial and technical resources while maintaining its existing projects and exploring new ones without initial funding responsibilities, potentially leading to significant discoveries in a promising gold region.
DeSoto Resources Limited has announced promising exploration results from its Tole and Dadjan Gold Projects. At the Tole Project, two new zones of gold-in-soil anomalies have been identified, with soil assay results showing up to 8.08 g/t Au, supporting the decision to commence a maiden RC drilling program. The Dadjan Project also yielded significant rock chip assay results, with values reaching up to 9.26 g/t Au, indicating widespread mineralization and encouraging further exploration efforts. These developments enhance the company’s positioning in the gold exploration industry and may have positive implications for stakeholders.
DeSoto Resources Limited has released its Annual Report for 2025, highlighting its strategic initiatives and operational achievements over the past year. The report underscores the company’s commitment to enhancing its resource portfolio and strengthening its market position, which is expected to have positive implications for stakeholders and the broader industry.
Desoto Resources Ltd. has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement confirms the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, highlighting their commitment to transparency and accountability. This announcement underscores Desoto Resources’ dedication to maintaining robust governance practices, which is crucial for its stakeholders and market positioning.
DeSoto Resources Limited has announced an update on its drilling activities at the Spectrum Project in the Northern Territory, Australia. The recent drilling in the Western Target Area has revealed significant sulphide zones, indicating potential mineralization, including pyrite and pyrrhotite dominant zones. The company is conducting sampling, with assay results expected in October. This development is part of the Spectrum Project’s exploration within the Fenton Shear Zone, a region with potential for various mineral resources. The results could enhance DeSoto’s positioning in the mining sector by potentially uncovering valuable mineral deposits.
DeSoto Resources Limited, listed on the Australian Securities Exchange under the ticker DES, has announced its upcoming Annual General Meeting (AGM) scheduled for November 20, 2025. A key agenda item for this meeting is the re-election and appointment of directors, with the deadline for director nominations set for September 30, 2025. This announcement is significant as it outlines the governance process and timelines for stakeholders interested in the company’s leadership structure.
DeSoto Resources Limited has announced promising soil sampling results from its Tole and Dadjan Gold Projects, revealing new gold zones that will be targeted in upcoming drilling programs. The Tole Project has identified a 2.3km-long zone of gold-in-soil anomalies, while the Dadjan Project has shown encouraging results with high gold values, indicating potential for further exploration and development.
Desoto Resources Ltd. has announced a proposed issue of securities, specifically 923,012 ordinary fully paid shares, to be issued on September 4, 2026. This move is part of a placement or other type of issue, and the company is seeking approval for these securities to be quoted on the Australian Securities Exchange (ASX). The announcement indicates an effort by Desoto Resources to potentially raise capital or expand its shareholder base, which could impact its market position and offer new opportunities for stakeholders.
DeSoto Resources Limited has announced promising trenching results from its Dadjan and Tole Gold Projects in Guinea, indicating high-grade gold mineralization. These findings, which include significant gold grades from rock chip and channel samples, provide a strong geological basis for the upcoming 10,000-meter reverse circulation drilling program across the Dadjan, Tole, and Timbakouna projects. The results are expected to enhance DeSoto’s exploration strategy and potentially increase its market positioning within the gold mining sector.