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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$38.75M | -1.53 | -42.31% | ― | ― | -43.68% | |
46 Neutral | AU$68.20M | -7.36 | -2.83% | ― | ― | -268.97% | |
44 Neutral | AU$47.50M | -9.83 | -5.17% | ― | ― | 39.22% | |
44 Neutral | AU$26.95M | -7.00 | -8.97% | ― | ― | -727.17% | |
42 Neutral | AU$45.33M | -1.23 | 432.54% | ― | ― | 7.16% | |
40 Underperform | AU$17.45M | -2.95 | -104.39% | ― | 90.14% | 52.54% |
Desoto Resources Ltd. Corporate Events
Desoto Resources has expanded its Guinea portfolio by acquiring the Dalaban, Woussoubadou and Branama projects in southwest Siguiri, adding 242 square kilometres of ground along the Siguiri Gold Mineralisation Trend. These new assets sit within a corridor that also hosts AngloGold Ashanti’s large Siguiri mine and Asara Resources’ Kada project, further consolidating Desoto’s near-contiguous land position to 687 square kilometres and strengthening its strategic exposure to a highly prospective gold belt.
The company highlights the intersection of north-south trending belts containing interpreted Tarkwaian conglomerates with north-east to south-west faults as a key structural focus for gold exploration across its tenements. By concentrating on this favourable geological setting, Desoto aims to enhance the exploration potential of its enlarged Siguiri Basin portfolio and improve its competitive standing among gold explorers in the region.
The most recent analyst rating on (AU:DES) stock is a Hold with a A$0.14 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 lodged an Appendix 3B with the ASX outlining a proposed placement of up to 1,702,741 new fully paid ordinary shares. The new securities, which are expected to be issued on 31 March 2026, will increase the company’s share capital and provide additional funding flexibility for its ongoing activities and potential future developments.
The placement signals Desoto’s continued use of equity markets to support its corporate objectives and may modestly dilute existing shareholders depending on the final number of shares issued. While specific use of proceeds is not disclosed, the capital raising underlines the company’s intent to strengthen its financial position and maintain operational momentum in a competitive resources market.
The most recent analyst rating on (AU:DES) stock is a Hold with a A$0.14 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 released its half-year report for the period ended 31 December 2025, outlining its corporate structure and key governance roles, including its directors, company secretary, and key external advisers such as its auditor and solicitors. The report also confirms the company’s ASX listing details and registry arrangements, reinforcing its compliance and disclosure framework for investors and other stakeholders.
The most recent analyst rating on (AU:DES) stock is a Hold with a A$0.14 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 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.