DeSoto Resources (DES) 주식 개요광물 탐사 회사인 DeSoto Resources Limited는 기니와 호주 노던 테리토리에서 광물 자산을 탐사하고 평가하는 일을 하고 있습니다. 자세히 보기DES 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장0/6과거 실적0/6재무 건전성5/6배당0/6위험 분석cash runway 경력이 1년 미만입니다.지난 5년간 매년 수익이 56.9% 감소했습니다.수익이 USD$1m 미만입니다(A$1K)지난 1년 동안 주주가 크게 희석되었습니다.+ 위험 1건 추가모든 위험 점검 보기DES Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueAU$Current PriceAU$0.12해당 없음내재 할인율Est. Revenue$PastFuture-7m1k2016201920222025202620282031Revenue AU$1.3kEarnings AU$167.9AdvancedSet Fair ValueView all narrativesDeSoto Resources Limited 경쟁사Heavy MineralsSymbol: ASX:HVYMarket cap: AU$36.6mLithium EnergySymbol: ASX:LELMarket cap: AU$33.6mFortuna MetalsSymbol: ASX:FUNMarket cap: AU$32.6mFar East GoldSymbol: ASX:FEGMarket cap: AU$34.9m가격 이력 및 성과DeSoto Resources 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가AU$0.1252주 최고가AU$0.2652주 최저가AU$0.12베타0.591개월 변동-25.00%3개월 변동-25.00%1년 변동-22.58%3년 변동9.09%5년 변동n/aIPO 이후 변동-31.43%최근 뉴스 및 업데이트New Risk • Mar 03New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$9.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$9.4m free cash flow). Earnings have declined by 57% per year over the past 5 years. Shareholders have been substantially diluted in the past year (199% increase in shares outstanding). Revenue is less than US$1m (AU$1.3k revenue, or US$887). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$45.7m market cap, or US$32.4m).공시 • Feb 09DeSoto Resources Limited (ASX:DES) agreed to acquire Yarakoura, Doutila and Moussaya Projects for $0.55 million.DeSoto Resources Limited (ASX:DES) agreed to acquire Yarakoura, Doutila and Moussaya Projects for $0.55 million on February 9, 2026. The consideration consists of $250,000 in cash and an aggregate 2,846,031 DeSoto fully paid ordinary shares in three separate tranches if the following milestones are achieved, $150,000 and 948,677 Deferred Milestone Shares to be issued on the grant of Reconnaissance Authorisations No. 24670, 24715 and 24671 in favor of DESOTO or one of its subsidiaries, with any payment and any issuance of shares conditional upon the effective registration of the said authorisations in the name of DeSoto or one of its subsidiaries with the Mining Cadastre. $100,000 and 948,677 Deferred Milestone Shares to be issued on the grant of exploration permits in favour of DeSoto or one of its subsidiaries, it being expressly agreed that any payment and any issuance of shares shall be conditional upon the effective registration of said permits in the name of DeSoto or one of its subsidiaries in the Mining Cadastre. 948,677 Deferred Milestone Shares to be issued Twelve 12 months after the grant of the Exploration Permits Any issuance of shares shall occur only after the effective registration of said permits in the name of DeSoto or one of its subsidiaries in the Mining Cadastre. The transaction has been approved by the acquirer board of Directors.분석 기사 • Sep 30DeSoto Resources (ASX:DES) Is In A Good Position To Deliver On Growth PlansThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...New Risk • Sep 26New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$3.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.7m free cash flow). Shareholders have been substantially diluted in the past year (102% increase in shares outstanding). Revenue is less than US$1m (AU$153k revenue, or US$100k). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (AU$30.8m market cap, or US$20.2m).공시 • Sep 22DeSoto Resources Limited, Annual General Meeting, Nov 20, 2025DeSoto Resources Limited, Annual General Meeting, Nov 20, 2025.New Risk • Sep 12New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (102% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (17% average weekly change). Market cap is less than US$100m (AU$39.2m market cap, or US$26.1m).더 많은 업데이트 보기Recent updatesNew Risk • Mar 03New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$9.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$9.4m free cash flow). Earnings have declined by 57% per year over the past 5 years. Shareholders have been substantially diluted in the past year (199% increase in shares outstanding). Revenue is less than US$1m (AU$1.3k revenue, or US$887). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$45.7m market cap, or US$32.4m).공시 • Feb 09DeSoto Resources Limited (ASX:DES) agreed to acquire Yarakoura, Doutila and Moussaya Projects for $0.55 million.DeSoto Resources Limited (ASX:DES) agreed to acquire Yarakoura, Doutila and Moussaya Projects for $0.55 million on February 9, 2026. The consideration consists of $250,000 in cash and an aggregate 2,846,031 DeSoto fully paid ordinary shares in three separate tranches if the following milestones are achieved, $150,000 and 948,677 Deferred Milestone Shares to be issued on the grant of Reconnaissance Authorisations No. 24670, 24715 and 24671 in favor of DESOTO or one of its subsidiaries, with any payment and any issuance of shares conditional upon the effective registration of the said authorisations in the name of DeSoto or one of its subsidiaries with the Mining Cadastre. $100,000 and 948,677 Deferred Milestone Shares to be issued on the grant of exploration permits in favour of DeSoto or one of its subsidiaries, it being expressly agreed that any payment and any issuance of shares shall be conditional upon the effective registration of said permits in the name of DeSoto or one of its subsidiaries in the Mining Cadastre. 948,677 Deferred Milestone Shares to be issued Twelve 12 months after the grant of the Exploration Permits Any issuance of shares shall occur only after the effective registration of said permits in the name of DeSoto or one of its subsidiaries in the Mining Cadastre. The transaction has been approved by the acquirer board of Directors.분석 기사 • Sep 30DeSoto Resources (ASX:DES) Is In A Good Position To Deliver On Growth PlansThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...New Risk • Sep 26New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$3.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.7m free cash flow). Shareholders have been substantially diluted in the past year (102% increase in shares outstanding). Revenue is less than US$1m (AU$153k revenue, or US$100k). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (AU$30.8m market cap, or US$20.2m).공시 • Sep 22DeSoto Resources Limited, Annual General Meeting, Nov 20, 2025DeSoto Resources Limited, Annual General Meeting, Nov 20, 2025.New Risk • Sep 12New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (102% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (17% average weekly change). Market cap is less than US$100m (AU$39.2m market cap, or US$26.1m).New Risk • Aug 01New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Shareholders have been substantially diluted in the past year (102% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$31.7m market cap, or US$20.4m).New Risk • May 10New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 87% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (87% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$27.4m market cap, or US$17.6m).공시 • May 06DeSoto Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 4.786501 million.DeSoto Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 4.786501 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 73,638,471 Price\Range: AUD 0.065 Discount Per Security: AUD 0.0039 Transaction Features: Subsequent Direct Listing공시 • Apr 07Desoto Resources Limited Provides an Update on Dadjan, Tole and Timbakouna ProjectsDeSoto Resources Limited announced that soil and dump sampling along with mapping and rock chip sampling the artisanal workings is being completed at the Dadjan, Tole and Timbakouna Projects. DeSoto recently acquired its Siguiri Basin portfolio, with 934km2 of Siguiri Basin exposure covering 14 Projects. Former PDI Principal Geologist, Mr. Aime Nganare, who led the initial reconnaissance and drill-out of the Bankan Project and identified the 14 projects in the Siguiri Basin, now joins DeSoto as Exploration Manager - Africa and is managing the exploration programs. More than 138 dump samples have been collected from the Dadjan Project and submitted to PROSLAB, the new laboratory in Kouroussa, for assay. The program was completed over areas of significant artisanal gold workings along with regolith mapping which will be used to optimise future soil sampling programs. The first pass environmental and social consultation survey was completed over all licences, with report writing underway to be submitted this week for the Environmental Department approvals to allow second and last phase of public consultation. Once reporting has been completed, DeSoto is able to commence the process of drill permitting across the granted permits. The Siguiri Basin is both strongly gold-mineralised and very underexplored. The Company is taking a strategic approach in developing a broad scale structural architecture through the application of a minerals system approach to identify prospective targets and utilising low-cost initial exploration methods on multiple areas. Importantly the use of bulk leach extractable gold stream sediment geochemistry and power auger will be undertaken to effectively sample the regolith, identifying gold anomalies for follow-up trenching, channel sampling, Air Core, Reverse Circulation and diamond drilling. Siguiri Basin Geology & Mineralisation. The Siguiri Basin comprises Proterozoic metasedimentary and metavolcanic sequences intruded by granitoids. A soil survey by Homestake in the Fenton region in 1997 and 1998 identified a coherent linear Cu anomaly, up to 8km long, using a partial leach method. Re-sampling by DeSoto in 2024 confirms the anomaly and is co-located with the offset in basement seen in the 2024 AEM data and in the newly merged gravity data. Together, the data suggests leakage of copper from a basement structure into and through the Cambrian cover via a reactivated fault, providing further evidence of the metal prospectivity of the Spectrum Project. Spectrum is fully permitted for a 20-hole Reverse Circulation and Diamond Drill program. Preparations are in full swing with the exploration team currently in the field, checking access tracks, collar locations and beginning the final preparation for drill mobilisation. Drill permitting is also being completed on DeSoto's 100%-owned Quantum North (EL33615) with up to 20 RC holes being permitted.Board Change • Jan 08High number of new and inexperienced directorsThere are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Barry Murphy is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.공시 • Sep 19DeSoto Resources Limited, Annual General Meeting, Nov 21, 2024DeSoto Resources Limited, Annual General Meeting, Nov 21, 2024.New Risk • Aug 22New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$12.5m market cap, or US$8.42m). Minor Risk Shareholders have been diluted in the past year (4.1% increase in shares outstanding).New Risk • Jul 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (AU$7.96m market cap, or US$5.38m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (4.1% increase in shares outstanding).Board Change • Jun 30High number of new and inexperienced directorsThere are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Barry Murphy is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.공시 • May 30DeSoto Resources Limited (ASX:DES) entered into binding term sheet to acquire Spectrum Project.DeSoto Resources Limited (ASX:DES) entered into binding term sheet to acquire Spectrum Project on May 28, 2024. The acquisition is subject to due diligence of project.공시 • Sep 22DeSoto Resources Limited, Annual General Meeting, Nov 21, 2023DeSoto Resources Limited, Annual General Meeting, Nov 21, 2023. Agenda: To consider the re-election and appointment of directors.공시 • Jul 18DeSoto Resources Limited has completed a Derivatives Offering in the amount of AUD 0.44475 million.DeSoto Resources Limited has completed a Derivatives Offering in the amount of AUD 0.44475 million. Security Name: Loyalty Options Security Type: Equity Option Securities Offered: 36,870,338 Price\Range: AUD 0.01 Security Name: Loyalty Options Security Type: Equity Option Securities Offered: 7,604,672 Price\Range: AUD 0.01 Transaction Features: Rights Offering공시 • Jan 31Desoto Resources Limited Provide New Assay Results from the Company's 100%-Owned Fenix Copper-Gold-Lithium Project, Located in the Northern TerritoryDeSoto Resources Limited provide new assay results from the Company's 100%-owned Fenix Copper-Gold-Lithium Project, located in the Northern Territory. Initial gold reconnaissance sampling comprising 81 samples was completed across the Fenix Project licences EL31356, EL31899 and EL32148 in 2022. The sampling and mapping program was designed to field validate existing datasets, confirm historical targets and conduct a regolith assessment to determine the amenability of the new project area for soil sampling. Copperfield: The geology of the Copperfield area consists of prospective Paleoproterozoic sediments of the Burrell Creek Formation intruded by the Tabletop Granite where several NW-SE trending shears have been identified. A total of 35 reconnaissance rock samples were collected over an 8km2 area collectively known as Copperfield where numerous small historical copper-gold workings occur, particularly in the east of the area where up to 2.0g/t Au (CR1984-0255) and 0.32% Cu (CR1997-0022) have been reported in separate rock chips. In the west of the area numerous anomalous gold and copper results have been historically reported including a best gold rock chip of 3.54 g/t Au (Copperfield 4; CR1997-0022) and a 15.2% Cu rock chip in the central area (CR1997-0022). Desoto collected a total of 13 rock samples (DSRK0040-52) from the eastern Copperfields area. These samples were taken along a 1-5m wide SW dipping shear with laminated and weakly brecciated ferruginous quartz veining that was mapped coincident with the historical workings. A total of three samples reported greater than 1% Cu with a best result of 6.5% Cu (DSRK0044) returned from a 10cm quartz-malachite-goethite vein adjacent to historical workings. Reconnaissance mapping has extended the structure over a strike of 620m, to the tenement boundary in the north, and to the SE where it is concealed under thin (<20cm), unconsolidated pisolitic soils. In the western Copperfields area (Copperfield 4), a total of 8 rock samples (DSRK0059-66) were collected with best results including 4.11g/t Au (DSRK0066) and 1.68g/t Au (DSRK0064). Reconnaissance mapping of the area identified SW dipping veining throughout with individual veins mapped over strikes up to 300m. Veins vary in size from centimetre scale up to 2m width with multiple styles observed including bucky opaque, gossanous breccia veins and extension veins. The new rock chips have extended the area of known mineralisation 860m NNW of historical gold rock chips. The aerial extent of parallel veining, coupled with grades of up to 3.45g/t Au observed in previous work is considered encouraging for the area, pointing to a mineralised fluid corridor of significant scale.공시 • Jan 19Desoto Resources Limited Announces Exploration UpdateDeSoto Resources Limited provide an update on exploration programs at its 100%-owned Fenton and Fenix Lithium-Gold Projects, located in theNorthern Territory and also provide an update on its global Manganese search. Historic drilling was completed by Homestake Mining Company in the mid-90's, noting similarities between the stratigraphy and mineralisation of Homestake's then +39Moz South Dakota gold mine. A petrophysical study has been completed by Terra Petrophysics on 15 samples of drill core from the Fenton Gold Project. Samples were collected from historic drill holes FEND18 (55m at 0.89g/t gold from 418m incl. 20m at 1.74 g/t gold from 423m) and FEND14 (17m at 0.71g/t gold from 610m. The petrophysical study was undertaken to develop an understanding of physical properties of rocks in the Pine Creek region and to assist with the interpretation of geophysical field data for the upcoming gold exploration program. The results of the study successfully demonstrated a correlation of pyrrhotite sulphide mineralisation with positive magnetic susceptibility, density, conductivity, and chargeability responses. This new data confirms that geophysics, and in particular electrical methods, will be the key to successfully exploring the Fenton Gold project. These results will be used to design geophysical acquisition programs including magnetics, IP and EM. A Passive Seismic (HVSR) and Ground Gravity test survey was completed by Atlas Geophysics along two 4km-long lines, at the Fenton Gold prospect. This survey was designed to assess the applicability of HSVR for mapping the depth of the basement unconformity beneath Cambrian limestone cover. The concept is that topographic highs in the Proterozoic basement unconformity may be a proxy for hills that resisted weathering due to silicified regions in the bedrock and may be more prospective gold targets. This concept was based on the notable association of topographic highs with mineralised areas in the outcropping Pine Creek region to the east. However, in this instance, the HSVR passive seismic profile results did not image the basal unconformity due to the acoustic response (hardness) of the overlying limestone cover (upwards of 100m thick). In combination with the seismic survey, detailed gravity profiles (50m station spacing) were collected along the two lines at Fenton. 2D profiles will be forward modelled, incorporating historic down-hole structure and magnetic susceptibility data, to help constrain the geological structure of the Fenton region. Compilation, re-interpretation and re-processing of historic drilling and geophysical data is on-going. This has confirmed the folded antiformal architecture of the prospect, a key consideration given the association of gold deposits in the Pine Creek District with these structural positions further to the east. A detailed aeromagnetic grid was sourced from open file searches which provides an improved resolution of the response and structure at the Fenton prospect area. In addition, a regional scale Airborne Electromagnetic (AEM) survey (Rum Jungle TEMPEST survey by GA/NTGS) covers the Fenton prospect on wide spaced lines. Critical lines are being re-processed, to provide input to, and de-risk planned future programs. Modelling and interpretation of these data are on-going. The work completed to date has demonstrated that geophysics is a powerful exploration tool at Fenton, with current and future work designed to identify key structures which have the potential to host fluid pathways for gold mineralisation. The Shoobridge West applications EL33188 and EL33225 were both granted. These licences, along with Shoobridge East (EL32884), are close to Core Lithium's Shoobridge Lithium Project and are high priority targets for the 2023 exploration program. Both licences lie within the Tipperary Pegmatite district and are near the Shoobridge pegmatite field. The Shoobridge pegmatites have been exploited for their tin and tantalum, being the site of the first discovery of tin-bearing pegmatites in the NT in 1882 (Frater, 2005) and are considered analogous to those in the Bynoe pegmatite district. Now that the new licences have been granted, Lithium-focused mapping and sampling programme planning is underway. Initial reconnaissance field mapping and geochemical sampling programs comprising streams (125), rock chips (90) and soils (269) were completed over the eastern Pine Creek Project licences (Fenix) before the onset of the NT wet season. Rocks and soil samples were predominantly focused on gold exploration along the main Pine Creek Shear Zone, however 9 rocks were also collected and submitted for lithium analysis. A lithium focussed stream sediment sampling programme was conducted within ~3km of granite contacts, known as the "Goldilocks Zone". The "Goldilocks Zone" is a defined corridor in which Lithium- Caesium-Tantalum (LCT) pegmatites may exist. All samples were submitted to ALS in Perth for a combination of gold and/or multi-element analysis including rare earths as deemed appropriate. Analytical results are expected by the end of January. The Company's Directors have a track record of exploration success in Australia and overseas, most recently with the Bankan gold discovery in Guinea, West Africa. Directors Paul Roberts and Dr. Barry Murphy developed a targeting methodology which they have successfully applied to gold exploration in West Africa for over a decade. The Company is seeking to take advantage of this capability in relation to manganese exploration. Both Directors have an interest in manganese discovery predating the formation of DeSoto. In addition to its gold-lithium exploration programs in the Northern Territory and, as outlined in theprospectus, the Company is undertaking project generation activities targeting manganese deposits in the tropics, as a core exploration focus.Board Change • Dec 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.주주 수익률DESAU Metals and MiningAU 시장7D-4.0%-8.3%-1.7%1Y-22.6%49.3%1.0%전체 주주 수익률 보기수익률 대 산업: DES은 지난 1년 동안 49.3%의 수익을 기록한 Australian Metals and Mining 산업보다 저조한 성과를 냈습니다.수익률 대 시장: DES은 지난 1년 동안 1%를 기록한 Australian 시장보다 저조한 성과를 냈습니다.주가 변동성Is DES's price volatile compared to industry and market?DES volatilityDES Average Weekly Movement9.9%Metals and Mining Industry Average Movement12.2%Market Average Movement10.5%10% most volatile stocks in AU Market17.4%10% least volatile stocks in AU Market4.4%안정적인 주가: DES는 지난 3개월 동안 Australian 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: DES의 주간 변동성(10%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트2022n/aChris Swallowwww.desotoresources.com광물 탐사 회사인 드소토 리소스는 기니와 호주 노던 테리토리에서 광물 속성을 탐사하고 평가하는 일을 하고 있습니다. 이 회사는 금, 리튬, 희토류 및 기타 비금속 매장지를 탐사합니다. 이 회사는 2022년에 설립되었으며 호주 대글리시에 본사를 두고 있습니다.더 보기DeSoto Resources Limited 기초 지표 요약DeSoto Resources의 순이익과 매출은 시가총액과 어떻게 비교됩니까?DES 기초 통계시가총액AU$33.21m순이익 (TTM)-AU$7.42m매출 (TTM)AU$1.25kOver9,999x주가매출비율(P/S)-4.5x주가수익비율(P/E)DES는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표DES 손익계산서 (TTM)매출AU$1.25k매출원가AU$0총이익AU$1.25k기타 비용AU$7.42m순이익-AU$7.42m최근 보고된 실적Dec 31, 2025다음 실적 발표일해당 없음주당순이익(EPS)-0.027총이익률100.00%순이익률-593,072.18%부채/자본 비율0%DES의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 01:00종가2026/05/21 00:00수익2025/12/31연간 수익2025/06/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스DeSoto Resources Limited는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
New Risk • Mar 03New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$9.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$9.4m free cash flow). Earnings have declined by 57% per year over the past 5 years. Shareholders have been substantially diluted in the past year (199% increase in shares outstanding). Revenue is less than US$1m (AU$1.3k revenue, or US$887). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$45.7m market cap, or US$32.4m).
공시 • Feb 09DeSoto Resources Limited (ASX:DES) agreed to acquire Yarakoura, Doutila and Moussaya Projects for $0.55 million.DeSoto Resources Limited (ASX:DES) agreed to acquire Yarakoura, Doutila and Moussaya Projects for $0.55 million on February 9, 2026. The consideration consists of $250,000 in cash and an aggregate 2,846,031 DeSoto fully paid ordinary shares in three separate tranches if the following milestones are achieved, $150,000 and 948,677 Deferred Milestone Shares to be issued on the grant of Reconnaissance Authorisations No. 24670, 24715 and 24671 in favor of DESOTO or one of its subsidiaries, with any payment and any issuance of shares conditional upon the effective registration of the said authorisations in the name of DeSoto or one of its subsidiaries with the Mining Cadastre. $100,000 and 948,677 Deferred Milestone Shares to be issued on the grant of exploration permits in favour of DeSoto or one of its subsidiaries, it being expressly agreed that any payment and any issuance of shares shall be conditional upon the effective registration of said permits in the name of DeSoto or one of its subsidiaries in the Mining Cadastre. 948,677 Deferred Milestone Shares to be issued Twelve 12 months after the grant of the Exploration Permits Any issuance of shares shall occur only after the effective registration of said permits in the name of DeSoto or one of its subsidiaries in the Mining Cadastre. The transaction has been approved by the acquirer board of Directors.
분석 기사 • Sep 30DeSoto Resources (ASX:DES) Is In A Good Position To Deliver On Growth PlansThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...
New Risk • Sep 26New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$3.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.7m free cash flow). Shareholders have been substantially diluted in the past year (102% increase in shares outstanding). Revenue is less than US$1m (AU$153k revenue, or US$100k). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (AU$30.8m market cap, or US$20.2m).
공시 • Sep 22DeSoto Resources Limited, Annual General Meeting, Nov 20, 2025DeSoto Resources Limited, Annual General Meeting, Nov 20, 2025.
New Risk • Sep 12New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (102% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (17% average weekly change). Market cap is less than US$100m (AU$39.2m market cap, or US$26.1m).
New Risk • Mar 03New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$9.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$9.4m free cash flow). Earnings have declined by 57% per year over the past 5 years. Shareholders have been substantially diluted in the past year (199% increase in shares outstanding). Revenue is less than US$1m (AU$1.3k revenue, or US$887). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$45.7m market cap, or US$32.4m).
공시 • Feb 09DeSoto Resources Limited (ASX:DES) agreed to acquire Yarakoura, Doutila and Moussaya Projects for $0.55 million.DeSoto Resources Limited (ASX:DES) agreed to acquire Yarakoura, Doutila and Moussaya Projects for $0.55 million on February 9, 2026. The consideration consists of $250,000 in cash and an aggregate 2,846,031 DeSoto fully paid ordinary shares in three separate tranches if the following milestones are achieved, $150,000 and 948,677 Deferred Milestone Shares to be issued on the grant of Reconnaissance Authorisations No. 24670, 24715 and 24671 in favor of DESOTO or one of its subsidiaries, with any payment and any issuance of shares conditional upon the effective registration of the said authorisations in the name of DeSoto or one of its subsidiaries with the Mining Cadastre. $100,000 and 948,677 Deferred Milestone Shares to be issued on the grant of exploration permits in favour of DeSoto or one of its subsidiaries, it being expressly agreed that any payment and any issuance of shares shall be conditional upon the effective registration of said permits in the name of DeSoto or one of its subsidiaries in the Mining Cadastre. 948,677 Deferred Milestone Shares to be issued Twelve 12 months after the grant of the Exploration Permits Any issuance of shares shall occur only after the effective registration of said permits in the name of DeSoto or one of its subsidiaries in the Mining Cadastre. The transaction has been approved by the acquirer board of Directors.
분석 기사 • Sep 30DeSoto Resources (ASX:DES) Is In A Good Position To Deliver On Growth PlansThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...
New Risk • Sep 26New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$3.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.7m free cash flow). Shareholders have been substantially diluted in the past year (102% increase in shares outstanding). Revenue is less than US$1m (AU$153k revenue, or US$100k). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (AU$30.8m market cap, or US$20.2m).
공시 • Sep 22DeSoto Resources Limited, Annual General Meeting, Nov 20, 2025DeSoto Resources Limited, Annual General Meeting, Nov 20, 2025.
New Risk • Sep 12New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (102% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (17% average weekly change). Market cap is less than US$100m (AU$39.2m market cap, or US$26.1m).
New Risk • Aug 01New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Shareholders have been substantially diluted in the past year (102% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$31.7m market cap, or US$20.4m).
New Risk • May 10New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 87% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (87% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$27.4m market cap, or US$17.6m).
공시 • May 06DeSoto Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 4.786501 million.DeSoto Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 4.786501 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 73,638,471 Price\Range: AUD 0.065 Discount Per Security: AUD 0.0039 Transaction Features: Subsequent Direct Listing
공시 • Apr 07Desoto Resources Limited Provides an Update on Dadjan, Tole and Timbakouna ProjectsDeSoto Resources Limited announced that soil and dump sampling along with mapping and rock chip sampling the artisanal workings is being completed at the Dadjan, Tole and Timbakouna Projects. DeSoto recently acquired its Siguiri Basin portfolio, with 934km2 of Siguiri Basin exposure covering 14 Projects. Former PDI Principal Geologist, Mr. Aime Nganare, who led the initial reconnaissance and drill-out of the Bankan Project and identified the 14 projects in the Siguiri Basin, now joins DeSoto as Exploration Manager - Africa and is managing the exploration programs. More than 138 dump samples have been collected from the Dadjan Project and submitted to PROSLAB, the new laboratory in Kouroussa, for assay. The program was completed over areas of significant artisanal gold workings along with regolith mapping which will be used to optimise future soil sampling programs. The first pass environmental and social consultation survey was completed over all licences, with report writing underway to be submitted this week for the Environmental Department approvals to allow second and last phase of public consultation. Once reporting has been completed, DeSoto is able to commence the process of drill permitting across the granted permits. The Siguiri Basin is both strongly gold-mineralised and very underexplored. The Company is taking a strategic approach in developing a broad scale structural architecture through the application of a minerals system approach to identify prospective targets and utilising low-cost initial exploration methods on multiple areas. Importantly the use of bulk leach extractable gold stream sediment geochemistry and power auger will be undertaken to effectively sample the regolith, identifying gold anomalies for follow-up trenching, channel sampling, Air Core, Reverse Circulation and diamond drilling. Siguiri Basin Geology & Mineralisation. The Siguiri Basin comprises Proterozoic metasedimentary and metavolcanic sequences intruded by granitoids. A soil survey by Homestake in the Fenton region in 1997 and 1998 identified a coherent linear Cu anomaly, up to 8km long, using a partial leach method. Re-sampling by DeSoto in 2024 confirms the anomaly and is co-located with the offset in basement seen in the 2024 AEM data and in the newly merged gravity data. Together, the data suggests leakage of copper from a basement structure into and through the Cambrian cover via a reactivated fault, providing further evidence of the metal prospectivity of the Spectrum Project. Spectrum is fully permitted for a 20-hole Reverse Circulation and Diamond Drill program. Preparations are in full swing with the exploration team currently in the field, checking access tracks, collar locations and beginning the final preparation for drill mobilisation. Drill permitting is also being completed on DeSoto's 100%-owned Quantum North (EL33615) with up to 20 RC holes being permitted.
Board Change • Jan 08High number of new and inexperienced directorsThere are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Barry Murphy is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
공시 • Sep 19DeSoto Resources Limited, Annual General Meeting, Nov 21, 2024DeSoto Resources Limited, Annual General Meeting, Nov 21, 2024.
New Risk • Aug 22New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$12.5m market cap, or US$8.42m). Minor Risk Shareholders have been diluted in the past year (4.1% increase in shares outstanding).
New Risk • Jul 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (AU$7.96m market cap, or US$5.38m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (4.1% increase in shares outstanding).
Board Change • Jun 30High number of new and inexperienced directorsThere are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Barry Murphy is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
공시 • May 30DeSoto Resources Limited (ASX:DES) entered into binding term sheet to acquire Spectrum Project.DeSoto Resources Limited (ASX:DES) entered into binding term sheet to acquire Spectrum Project on May 28, 2024. The acquisition is subject to due diligence of project.
공시 • Sep 22DeSoto Resources Limited, Annual General Meeting, Nov 21, 2023DeSoto Resources Limited, Annual General Meeting, Nov 21, 2023. Agenda: To consider the re-election and appointment of directors.
공시 • Jul 18DeSoto Resources Limited has completed a Derivatives Offering in the amount of AUD 0.44475 million.DeSoto Resources Limited has completed a Derivatives Offering in the amount of AUD 0.44475 million. Security Name: Loyalty Options Security Type: Equity Option Securities Offered: 36,870,338 Price\Range: AUD 0.01 Security Name: Loyalty Options Security Type: Equity Option Securities Offered: 7,604,672 Price\Range: AUD 0.01 Transaction Features: Rights Offering
공시 • Jan 31Desoto Resources Limited Provide New Assay Results from the Company's 100%-Owned Fenix Copper-Gold-Lithium Project, Located in the Northern TerritoryDeSoto Resources Limited provide new assay results from the Company's 100%-owned Fenix Copper-Gold-Lithium Project, located in the Northern Territory. Initial gold reconnaissance sampling comprising 81 samples was completed across the Fenix Project licences EL31356, EL31899 and EL32148 in 2022. The sampling and mapping program was designed to field validate existing datasets, confirm historical targets and conduct a regolith assessment to determine the amenability of the new project area for soil sampling. Copperfield: The geology of the Copperfield area consists of prospective Paleoproterozoic sediments of the Burrell Creek Formation intruded by the Tabletop Granite where several NW-SE trending shears have been identified. A total of 35 reconnaissance rock samples were collected over an 8km2 area collectively known as Copperfield where numerous small historical copper-gold workings occur, particularly in the east of the area where up to 2.0g/t Au (CR1984-0255) and 0.32% Cu (CR1997-0022) have been reported in separate rock chips. In the west of the area numerous anomalous gold and copper results have been historically reported including a best gold rock chip of 3.54 g/t Au (Copperfield 4; CR1997-0022) and a 15.2% Cu rock chip in the central area (CR1997-0022). Desoto collected a total of 13 rock samples (DSRK0040-52) from the eastern Copperfields area. These samples were taken along a 1-5m wide SW dipping shear with laminated and weakly brecciated ferruginous quartz veining that was mapped coincident with the historical workings. A total of three samples reported greater than 1% Cu with a best result of 6.5% Cu (DSRK0044) returned from a 10cm quartz-malachite-goethite vein adjacent to historical workings. Reconnaissance mapping has extended the structure over a strike of 620m, to the tenement boundary in the north, and to the SE where it is concealed under thin (<20cm), unconsolidated pisolitic soils. In the western Copperfields area (Copperfield 4), a total of 8 rock samples (DSRK0059-66) were collected with best results including 4.11g/t Au (DSRK0066) and 1.68g/t Au (DSRK0064). Reconnaissance mapping of the area identified SW dipping veining throughout with individual veins mapped over strikes up to 300m. Veins vary in size from centimetre scale up to 2m width with multiple styles observed including bucky opaque, gossanous breccia veins and extension veins. The new rock chips have extended the area of known mineralisation 860m NNW of historical gold rock chips. The aerial extent of parallel veining, coupled with grades of up to 3.45g/t Au observed in previous work is considered encouraging for the area, pointing to a mineralised fluid corridor of significant scale.
공시 • Jan 19Desoto Resources Limited Announces Exploration UpdateDeSoto Resources Limited provide an update on exploration programs at its 100%-owned Fenton and Fenix Lithium-Gold Projects, located in theNorthern Territory and also provide an update on its global Manganese search. Historic drilling was completed by Homestake Mining Company in the mid-90's, noting similarities between the stratigraphy and mineralisation of Homestake's then +39Moz South Dakota gold mine. A petrophysical study has been completed by Terra Petrophysics on 15 samples of drill core from the Fenton Gold Project. Samples were collected from historic drill holes FEND18 (55m at 0.89g/t gold from 418m incl. 20m at 1.74 g/t gold from 423m) and FEND14 (17m at 0.71g/t gold from 610m. The petrophysical study was undertaken to develop an understanding of physical properties of rocks in the Pine Creek region and to assist with the interpretation of geophysical field data for the upcoming gold exploration program. The results of the study successfully demonstrated a correlation of pyrrhotite sulphide mineralisation with positive magnetic susceptibility, density, conductivity, and chargeability responses. This new data confirms that geophysics, and in particular electrical methods, will be the key to successfully exploring the Fenton Gold project. These results will be used to design geophysical acquisition programs including magnetics, IP and EM. A Passive Seismic (HVSR) and Ground Gravity test survey was completed by Atlas Geophysics along two 4km-long lines, at the Fenton Gold prospect. This survey was designed to assess the applicability of HSVR for mapping the depth of the basement unconformity beneath Cambrian limestone cover. The concept is that topographic highs in the Proterozoic basement unconformity may be a proxy for hills that resisted weathering due to silicified regions in the bedrock and may be more prospective gold targets. This concept was based on the notable association of topographic highs with mineralised areas in the outcropping Pine Creek region to the east. However, in this instance, the HSVR passive seismic profile results did not image the basal unconformity due to the acoustic response (hardness) of the overlying limestone cover (upwards of 100m thick). In combination with the seismic survey, detailed gravity profiles (50m station spacing) were collected along the two lines at Fenton. 2D profiles will be forward modelled, incorporating historic down-hole structure and magnetic susceptibility data, to help constrain the geological structure of the Fenton region. Compilation, re-interpretation and re-processing of historic drilling and geophysical data is on-going. This has confirmed the folded antiformal architecture of the prospect, a key consideration given the association of gold deposits in the Pine Creek District with these structural positions further to the east. A detailed aeromagnetic grid was sourced from open file searches which provides an improved resolution of the response and structure at the Fenton prospect area. In addition, a regional scale Airborne Electromagnetic (AEM) survey (Rum Jungle TEMPEST survey by GA/NTGS) covers the Fenton prospect on wide spaced lines. Critical lines are being re-processed, to provide input to, and de-risk planned future programs. Modelling and interpretation of these data are on-going. The work completed to date has demonstrated that geophysics is a powerful exploration tool at Fenton, with current and future work designed to identify key structures which have the potential to host fluid pathways for gold mineralisation. The Shoobridge West applications EL33188 and EL33225 were both granted. These licences, along with Shoobridge East (EL32884), are close to Core Lithium's Shoobridge Lithium Project and are high priority targets for the 2023 exploration program. Both licences lie within the Tipperary Pegmatite district and are near the Shoobridge pegmatite field. The Shoobridge pegmatites have been exploited for their tin and tantalum, being the site of the first discovery of tin-bearing pegmatites in the NT in 1882 (Frater, 2005) and are considered analogous to those in the Bynoe pegmatite district. Now that the new licences have been granted, Lithium-focused mapping and sampling programme planning is underway. Initial reconnaissance field mapping and geochemical sampling programs comprising streams (125), rock chips (90) and soils (269) were completed over the eastern Pine Creek Project licences (Fenix) before the onset of the NT wet season. Rocks and soil samples were predominantly focused on gold exploration along the main Pine Creek Shear Zone, however 9 rocks were also collected and submitted for lithium analysis. A lithium focussed stream sediment sampling programme was conducted within ~3km of granite contacts, known as the "Goldilocks Zone". The "Goldilocks Zone" is a defined corridor in which Lithium- Caesium-Tantalum (LCT) pegmatites may exist. All samples were submitted to ALS in Perth for a combination of gold and/or multi-element analysis including rare earths as deemed appropriate. Analytical results are expected by the end of January. The Company's Directors have a track record of exploration success in Australia and overseas, most recently with the Bankan gold discovery in Guinea, West Africa. Directors Paul Roberts and Dr. Barry Murphy developed a targeting methodology which they have successfully applied to gold exploration in West Africa for over a decade. The Company is seeking to take advantage of this capability in relation to manganese exploration. Both Directors have an interest in manganese discovery predating the formation of DeSoto. In addition to its gold-lithium exploration programs in the Northern Territory and, as outlined in theprospectus, the Company is undertaking project generation activities targeting manganese deposits in the tropics, as a core exploration focus.
Board Change • Dec 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
