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Desert Metals Ltd.
(Sydney:DM1)
Desert Metals Ltd. (DM1) vs. iShares MSCI Australia ETF (EWA)
Desert Metals Ltd. Business Overview & Revenue Model
Desert Metals Ltd. Financial Statement Overview
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 47.68K | 22.63K | 8.18K | 0.00 | 0.00 |
| Gross Profit | 47.68K | -2.12K | -23.10K | -9.00K | -435.00 |
| EBITDA | -1.27M | -553.77K | -443.44K | -1.07M | -42.48K |
| Net Income | -9.84M | -706.37K | -567.26K | -1.20M | -44.26K |
Balance Sheet | |||||
| Total Assets | 6.78M | 9.48M | 7.69M | 5.72M | 5.75M |
| Cash, Cash Equivalents and Short-Term Investments | 2.67M | 1.97M | 3.01M | 3.71M | 5.74M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 377.00K | 282.50K | 184.42K | 274.33K | 187.56K |
| Stockholders Equity | 6.40M | 9.20M | 7.50M | 5.45M | 5.56M |
Cash Flow | |||||
| Free Cash Flow | -3.13M | -3.42M | -3.23M | -2.17M | -67.06K |
| Operating Cash Flow | -1.40M | -604.76K | -486.41K | -478.57K | -33.56K |
| Investing Cash Flow | -1.39M | -2.82M | -2.75M | -1.70M | -33.50K |
| Financing Cash Flow | 3.48M | 2.38M | 2.54M | 5.59M | 250.00K |
Desert Metals Ltd. Technical Analysis
Desert Metals Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $10.32B | 9.99 | 0.09% | 2.85% | 2.25% | -33.42% | |
55 Neutral | AU$9.23M | ― | -25.02% | ― | ― | -285.71% | |
45 Neutral | AU$6.46M | ― | -31.16% | ― | ― | 70.59% | |
43 Neutral | AU$9.36M | 7.02 | 27.24% | ― | ― | ― | |
40 Underperform | AU$9.73M | ― | -128.56% | ― | ― | -40.78% | |
37 Underperform | AU$8.85M | ― | -137.14% | ― | ― | -417.70% | |
33 Underperform | AU$5.91M | ― | -38.84% | ― | ― | -92.86% |
Desert Metals Ltd. Corporate Events
Desert Metals Ltd. has initiated an extensive drilling program at its Tengrela South gold permit in northern Côte d’Ivoire, aiming to explore previously untested gold anomalies. The company is also conducting a geophysical survey and auger drilling at the Adzope project, with diamond drilling scheduled to commence in May 2025. These efforts are part of Desert Metals’ strategy to concentrate on its most promising projects, having divested from other joint ventures. Additionally, the company has raised $3.25 million through a placement to accelerate exploration activities, indicating a strong commitment to advancing its gold projects in the region.
Desert Metals Ltd. announced a change in the director’s interest, specifically for Patrick Flint, who acquired 750,000 ordinary fully paid shares. This acquisition followed shareholder approval and increased Flint’s total holdings to 5,150,000 shares, reflecting a strategic move that could strengthen his influence within the company.
Desert Metals Ltd. has announced the issuance of 26,500,000 unlisted options, exercisable at $0.035 and expiring on April 16, 2028. This move is part of previously announced transactions and is not intended to be quoted on the ASX, potentially impacting the company’s capital structure and providing strategic flexibility for future growth initiatives.
Desert Metals Ltd. has announced the quotation of 108,271,783 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of April 16, 2025. This move is part of previously announced transactions, potentially impacting the company’s liquidity and market presence by increasing its available securities for trading.
Desert Metals Limited has completed the second tranche of its placement, raising a total of $3.25 million before costs. This includes the allotment of over 108 million shares and the issuance of 26.5 million options to CPS Capital Group for their role as Lead Manager and Broker. The funds raised will support the company’s ongoing exploration activities, including drilling services at the King Kong prospect in Côte d’Ivoire. This strategic financial move is expected to bolster Desert Metals’ operations and strengthen its position in the gold exploration industry.
Desert Metals Ltd. announced that all resolutions presented at their recent general meeting were passed with the required majority. This includes the ratification and approval of various share placements and options, which could enhance the company’s capital structure and support its ongoing projects in West Africa. The successful passing of these resolutions indicates strong shareholder support and positions the company for potential growth in its gold exploration ventures.
Desert Metals Ltd. has initiated an 86-hole aircore drilling program at the Tengrela South gold project in northern Côte d’Ivoire, aiming to explore untested gold anomalies at the Kakologo and Tiogo prospects. Concurrently, the company is advancing its exploration efforts at the Adzope gold project, with a focus on the King Kong prospect, where significant progress has been made in identifying drill targets. These initiatives are expected to enhance Desert Metals’ positioning in the gold mining sector, with results anticipated in the coming months.
Desert Metals Ltd. has released its interim financial report for the half year ending 31 December 2024. The report provides insights into the company’s financial performance and operational updates during this period, which are crucial for stakeholders to assess the company’s market positioning and future prospects.
Desert Metals Limited has successfully completed Tranche 1 of its share placement, raising $1,138,700 through the issuance of 58,394,884 ordinary shares to institutional, sophisticated, and existing investors. This move strengthens the company’s financial position and supports its ongoing exploration activities. A shareholder meeting is planned for April 2025 to approve Tranche 2, which aims to raise an additional $2,111,300. The completion of these placements is expected to enhance Desert Metals’ operational capabilities and market presence.
Desert Metals Ltd. has released a presentation regarding its ongoing gold exploration activities in Côte d’Ivoire as of February 2025. The announcement highlights the strategic importance of their exploration efforts, positioning the company to potentially enhance its market position within the mining sector. Stakeholders are advised of the inherent risks and uncertainties associated with such exploratory ventures, and the company emphasizes the need for independent evaluation of investment opportunities.