Quarterly Activities/Appendix 5B Cash Flow Report

Open PDF
Stock Desert Metals Ltd (DM1.ASX)
Release Time 30 Jan 2026, 4:44 p.m.
Price Sensitive Yes
 Desert Metals Ltd reports quarterly activities
Key Points
  • Commenced stream sediment sampling at Adzope permit in Cote d'Ivoire
  • Planned aircore drilling at Tengrela South permit to follow up high-grade gold results
  • Completed $1.25m placement to fund ongoing exploration in Cote d'Ivoire
Full Summary

Desert Metals Ltd has provided an update on its exploration activities in Cote d'Ivoire during the quarter ended 31 December 2025. At the Adzope permit, the company commenced a stream sediment sampling program over the entire 228km2 permit area. This follows previous drilling at the King Kong prospect which identified a substantial gold system. At the Tengrela South permit, Desert Metals is planning an initial 6,000m aircore drilling program to follow up on high-grade gold results from previous aircore and ground geophysics programs at the Tiogo and Kakologo prospects. The company also received firm commitments for a $1.25 million placement, with Tranche 1 of $416,000 completed in December 2025 and Tranche 2 of $834,000 completed in January 2026 following shareholder approval. The funds will be used to advance exploration at Tengrela South and Adzope, as well as for general working capital.