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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 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|
| Income Statement | Total Revenue | ||
| 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -32.00K | -64.85K | -66.55K | -4.73K | EBIT |
| -1.38M | -1.35M | -1.45M | -153.91K | EBITDA |
| -1.52M | -1.62M | -1.39M | -149.18K | Net Income Common Stockholders |
| -1.47M | -1.69M | -1.46M | -154.61K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||
| 4.14M | 5.66M | 8.66M | 881.15K | Total Assets |
| 8.76M | 9.55M | 10.60M | 1.22M | Total Debt |
| 130.28K | 157.35K | 213.54K | 270.30K | Net Debt |
| -4.01M | -5.50M | -6.45M | -610.85K | Total Liabilities |
| 365.79K | 511.54K | 450.94K | 353.83K | Stockholders Equity |
| 8.40M | 9.04M | 10.15M | 868.04K |
| Cash Flow | Free Cash Flow | ||
| -650.50K | -3.10M | -1.78M | -141.50K | Operating Cash Flow |
| -650.50K | -1.56M | -1.19M | -128.54K | Investing Cash Flow |
| -79.47K | 536.26K | -2.59M | -12.96K | Financing Cash Flow |
| -28.99K | 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $3.64B | 25.42 | 13.42% | 0.90% | 11.93% | 22.74% | |
62 Neutral | AU$1.46B | 17.39 | 35.27% | ― | 148.01% | ― | |
57 Neutral | $5.92B | ― | -0.68% | ― | -56.04% | 66.07% | |
51 Neutral | $2.01B | -1.27 | -21.11% | 5.15% | 2.92% | -30.46% | |
40 Underperform | AU$28.86M | ― | -16.55% | ― | ― | 18.59% |
Desoto Resources Ltd. Corporate Events
DeSoto Resources Limited has expanded its portfolio by acquiring high-grade gold projects in Guinea’s Siguiri Basin, marking a strategic return to West Africa. The company is preparing for drilling at its Spectrum and Fenton Projects in the Northern Territory, with significant rare-earth enrichment identified. DeSoto has secured necessary approvals and funding, positioning itself strongly for upcoming exploration activities.
DeSoto Resources Limited, an ASX-listed company, announced that all resolutions presented at its recent general meeting of shareholders were successfully passed through a poll. This outcome reflects strong shareholder support for the company’s strategic decisions, including the approval of issuing shares and options to related and unrelated parties, which could impact the company’s capital structure and investor relations.
DeSoto Resources Limited has announced a change in its registered office address to Unit 16/100 Railway Road, Daglish WA 6008, effective immediately. This change does not affect the company’s principal administrative office, website, or contact numbers, indicating a minimal impact on its operations and stakeholder communications.
DeSoto Resources Limited has completed soil and dump sampling programs at its Dadjan, Tole, and Timbakouna projects in Guinea, with a key environmental study enabling rapid drill permitting in the Siguiri Basin. The company plans to commence power auger drilling following the approval of the Siguiri Basin acquisition. In the Northern Territory, drilling contractors have been appointed, and permits are in place for extensive drilling activities. DeSoto has withdrawn from a manganese project in Brazil due to unmet technical and tenure thresholds, focusing instead on its strong project pipeline in Guinea and the Northern Territory.
Desoto Resources Ltd. has announced a general meeting to be held on April 28, 2025, in West Perth, WA. The meeting will address several resolutions, including the approval to issue consideration and deferred milestone shares to both unrelated and related parties, as well as placement shares to unrelated participants. Additionally, the company seeks approval to issue lead manager options to Euroz Hartleys. These resolutions are significant as they involve the issuance of a substantial number of shares, which could impact the company’s capital structure and stakeholder interests.
Desoto Resources Ltd. has announced the commencement of advanced drill planning for the Spectrum Project in the Northern Territory, targeting REE, gold, and copper along the Fenton Shear Zone. The discovery of a new granite body, the Oolloo Granite, enhances the project’s potential for multi-commodity mineralization, suggesting a significant geological opportunity. The company is fully permitted for a 20-hole drilling program, with operations set to begin in the dry season. This discovery and the planned drilling could strengthen Desoto’s position in the mining industry by potentially uncovering valuable mineral deposits, impacting stakeholders positively.
DeSoto Resources Limited has commenced on-ground exploration in the Siguiri Basin, Guinea, targeting the Timbakouna, Dadjan, and Tole permits. The company is conducting soil and dump sampling programs to guide initial drill programs and has launched an environmental study to expedite drill permitting. Historical drilling results from the Gbonko 2 permit show promising gold mineralization, necessitating further exploration. DeSoto is also working on expanding its mineral tenure and assessing acquisition opportunities in the region. The exploration efforts are led by Aime Nganare, the new Africa Exploration Manager.
DeSoto Resources Limited has released its interim report for the period ending December 31, 2024. The company, listed on the Australian Securities Exchange under the codes DES and DESO, has provided an update on its corporate directory, including details of its directors, company secretary, registered office, share registry, auditor, and solicitors. This announcement is part of the company’s ongoing commitment to transparency and regulatory compliance, which may impact its operations and stakeholder relations positively.
DeSoto Resources Limited has announced an investor webinar following the acquisition of a 1,234 km² land package in Guinea, featuring significant gold projects. This strategic move is expected to enhance DeSoto’s exploration capabilities in West Africa, positioning the company favorably within the industry and offering potential opportunities for stakeholders.
Desoto Resources Ltd. announced a proposed issue of securities, including broker options priced at $0.00001 each, with an exercise price of $0.1138 and expiring in four years, alongside the issuance of 104,922,182 ordinary fully paid shares. This move is positioned to potentially enhance their capital structure and provide additional financial resources for their operations, possibly affecting their market position and stakeholder interests positively.
DeSoto Resources Ltd. has announced a strategic acquisition of a high-grade gold exploration portfolio in Guinea’s Siguiri Basin, comprising 14 gold projects and three additional projects in the Gaoual Gold Belt. This acquisition is expected to bolster DeSoto’s exploration capabilities in the region, leveraging the expertise of the team responsible for the 5.4Moz Bankan Gold Discovery. With firm bids for funding secured, the company is well-capitalized to advance its drilling programs, aiming for new gold discoveries in a favorable market environment.
DeSoto Resources Limited, a company listed on the Australian Securities Exchange (ASX: DES), has requested a trading halt pending an announcement about a project acquisition. This temporary suspension in the trading of its securities is expected to remain in effect until the announcement is made or until the start of normal trading on 20 February 2025. Such a move often signals a significant development that could impact the company’s market position and stakeholder interests.