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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 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.25K | 1.25K | 1.06K | 0.00 | 0.00 |
| Gross Profit | -32.96K | 1.25K | -64.85K | -66.55K | -4.73K |
| EBITDA | -7.43M | -2.93M | -1.62M | -1.39M | -149.18K |
| Net Income | -7.42M | -2.91M | -1.69M | -1.46M | -154.61K |
Balance Sheet | |||||
| Total Assets | 22.34M | 14.09M | 9.55M | 10.60M | 1.22M |
| Cash, Cash Equivalents and Short-Term Investments | 12.73M | 6.24M | 5.66M | 8.66M | 881.15K |
| Total Debt | 87.78K | 100.87K | 157.35K | 213.54K | 270.30K |
| Total Liabilities | 462.95K | 890.78K | 511.54K | 450.94K | 353.83K |
| Stockholders Equity | 21.88M | 13.20M | 9.04M | 10.15M | 868.04K |
Cash Flow | |||||
| Free Cash Flow | -6.90M | -3.68M | -3.10M | -1.78M | -141.50K |
| Operating Cash Flow | -7.00M | -2.71M | -1.56M | -1.19M | -128.54K |
| Investing Cash Flow | -2.53M | -1.23M | 536.26K | -2.59M | -12.96K |
| Financing Cash Flow | 18.09M | 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% | |
50 Neutral | AU$45.67M | -3.72 | -26.16% | ― | ― | -43.68% | |
44 Neutral | AU$66.31M | -21.61 | -6.45% | ― | ― | 39.22% | |
44 Neutral | AU$28.10M | -0.51 | -87.86% | ― | ― | -727.17% | |
42 Neutral | AU$55.40M | -1.57 | ― | ― | ― | 7.16% | |
41 Neutral | AU$55.08M | -4.91 | ― | ― | ― | -268.97% | |
40 Underperform | AU$17.45M | -1.91 | -106.72% | ― | 90.14% | 52.54% |
Desoto Resources Ltd. Corporate Events
DeSoto Resources has outlined its strategy to build a commanding exploration position in Guinea’s Siguiri Basin, highlighting a growing pipeline of greenfields projects in a region it brands as highly prospective “elephant country.” The release underscores that current materials are informational rather than an offer of securities, and stresses that investors must rely on their own due diligence when assessing the company.
The company devotes much of the release to detailing legal, JORC and competent person disclaimers, making clear that its technical information is summary in nature and subject to change. This cautious framing signals that DeSoto remains firmly in early-stage exploration mode, with operational and valuation outcomes still uncertain, a point of note for stakeholders assessing risk and potential future upside.
The most recent analyst rating on (AU:DES) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Desoto Resources Ltd. stock, see the AU:DES Stock Forecast page.
Desoto Resources Ltd., listed on the ASX under the ticker DES, has outlined plans to issue additional ordinary fully paid shares as part of its capital management strategy. The company continues to use equity placements as a mechanism to maintain funding flexibility and support its broader business objectives.
The company has notified the ASX of a proposed placement of up to 2,846,031 new ordinary fully paid shares. The issue is targeted for late November 2026 and, once completed, will expand Desoto Resources’ share base and could modestly dilute existing holders while providing fresh capital for corporate needs.
The most recent analyst rating on (AU:DES) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Desoto Resources Ltd. stock, see the AU:DES Stock Forecast page.
DeSoto Resources has expanded its Guinea footprint by agreeing to acquire the Yarakoura, Doutila and Moussaya projects from local partner United Mining SARL, adding 290 square kilometres on the western flank of its Siguiri Basin focus area and consolidating ground contiguous with its Moiko and Alamakono authorisations. The new assets, currently being converted from reconnaissance authorisations to exploration permits, position DeSoto to capitalise on Guinea’s modernised, fully digital mining cadastre as it pursues further applications and acquisitions to grow its pipeline of gold targets.
Following a late-2025 maiden drilling program at the Dadjan and Tolé projects that confirmed the presence of a large gold system, DeSoto has restarted field execution to generate additional targets across its 17-project South Siguiri portfolio. Led by its in-country manager and local team, the company is conducting BLEG, soil sampling and power auger programs over more than 11 permits, signalling an acceleration of exploration activity aimed at defining new prospects and enhancing the value of its regional holdings.
The most recent analyst rating on (AU:DES) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Desoto Resources Ltd. stock, see the AU:DES Stock Forecast page.
DeSoto Resources has reported a busy December quarter marked by a new exploration alliance and joint venture framework with Fortuna Mining Corp in Guinea’s Siguiri Basin, under which Fortuna may sole-fund up to US$12.5 million over three years to earn a 70% interest in newly acquired permits, while DeSoto’s existing 100%-owned ground remains outside the arrangement. The company completed maiden reconnaissance reverse-circulation drilling at the Dadjan and Tolé prospects, delivering high-grade gold intercepts that support the scale potential of the Tolé Main Zone and surrounding areas, while also advancing first-pass and systematic sampling programs across its broader Siguiri pipeline, maintaining all licences in good standing, securing fresh approvals for new work programs, and bolstering its balance sheet with a A$14 million placement that left it holding $12.7 million in cash at the end of December 2025.
The most recent analyst rating on (AU:DES) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Desoto Resources Ltd. stock, see the AU:DES Stock Forecast page.
DeSoto Resources Limited has issued 2,561,125 fully paid ordinary shares to joint lead managers Canaccord Genuity (Australia) and Euroz Hartleys, who elected to receive half of their placement fees in new shares at the offer price, following shareholder approval at the November 2025 AGM. The company has confirmed that the shares were issued without a prospectus under the Corporations Act’s disclosure exemptions and that it remains compliant with financial reporting and continuous disclosure obligations, signalling routine capital management and regulatory adherence with no undisclosed price-sensitive information for investors.
The most recent analyst rating on (AU:DES) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Desoto Resources Ltd. stock, see the AU:DES Stock Forecast page.
Desoto Resources Limited has applied to have 2,561,125 new ordinary fully paid shares quoted on the Australian Securities Exchange (ASX) under its existing ticker DES. The application, lodged as an Appendix 2A on 30 December 2025, follows the prior notification of the underlying transaction via an Appendix 3B, and will modestly increase the company’s free float and share capital once quotation is granted, slightly diluting existing holders while potentially enhancing liquidity in the stock.
The most recent analyst rating on (AU:DES) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Desoto Resources Ltd. stock, see the AU:DES Stock Forecast page.
DeSoto Resources has reported assay results from ten reverse circulation and diamond drill holes totaling 4,388 metres at its Spectrum Project in the Northern Territory, confirming the presence of gold, copper and rare earth element mineralisation within the broader Fenton Shear Zone. However, with the latest assays returning only limited anomalous grades despite intersecting significant sulphide widths, the company has concluded that the results do not justify further exploration spending there and will now prioritise its Siguiri Basin Projects in Guinea while seeking joint venture or divestment options to realise value from its Northern Territory portfolio.
The most recent analyst rating on (AU:DES) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Desoto Resources Ltd. stock, see the AU:DES Stock Forecast page.
Desoto Resources has reported encouraging first-pass reverse circulation and power auger drilling results from its maiden programs at the Dadjan and Tolé permits in Guinea’s South-central Siguiri region, including several high-grade intercepts beneath artisanal workings that indicate the potential for a large, gold-mineralised system across its 470km² landholding. The company is now advancing a suite of follow-up exploration activities, including infill soil sampling, airborne magnetics and further drilling across Dadjan, Tolé and nearby permits, while highlighting that the rapid execution of these programs has helped it retain and expand its strategic tenure amid reforms to Guinea’s mining cadastre, strengthening its position in one of West Africa’s most prospective gold belts.
The most recent analyst rating on (AU:DES) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Desoto Resources Ltd. stock, see the AU:DES Stock Forecast page.
Desoto Resources Limited has announced the issuance of 14 million unquoted equity securities in the form of options expiring on November 28, 2030. This move is part of an employee incentive scheme and is not intended to be quoted on the ASX, indicating a strategic effort to retain and motivate its workforce.
The most recent analyst rating on (AU:DES) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Desoto Resources Ltd. stock, see the AU:DES Stock Forecast page.
DeSoto Resources Limited, a company listed on the Australian Securities Exchange under the ticker DES, has announced the issuance of 40,818,887 fully paid ordinary shares as part of its Tranche 2 Placement. This issuance, which was approved at the company’s Annual General Meeting, was conducted without disclosure under Part 6D.2 of the Corporations Act, in compliance with relevant provisions. The announcement indicates that there is no excluded information requiring disclosure, suggesting transparency in the company’s operations. This move is likely to impact the company’s capital structure and could influence its market positioning.
The most recent analyst rating on (AU:DES) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Desoto Resources Ltd. stock, see the AU:DES Stock Forecast page.
Desoto Resources Ltd. has announced the quotation of 40,818,887 ordinary fully paid securities on the ASX, effective November 28, 2025. This move is part of a previously announced transaction, potentially enhancing the company’s liquidity and market presence, which could have positive implications for stakeholders and investors.
The most recent analyst rating on (AU:DES) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Desoto Resources Ltd. stock, see the AU:DES Stock Forecast page.