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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% | |
49 Neutral | AU$86.93M | -28.39 | -6.45% | ― | ― | 39.22% | |
49 Neutral | AU$70.03M | -6.78 | ― | ― | ― | -268.97% | |
48 Neutral | AU$71.52M | -2.03 | ― | ― | ― | 7.16% | |
44 Neutral | AU$25.79M | -0.47 | -87.86% | ― | ― | -727.17% | |
43 Neutral | AU$41.52M | -5.49 | -26.16% | ― | ― | -43.68% | |
40 Underperform | AU$17.45M | -1.91 | -106.72% | ― | 90.14% | 52.54% |
Desoto Resources Ltd. Corporate Events
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.
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.