• Pro-rata non-renounceable entitlement issue of up to 325,376,901 New Options
• Issue price of $0.001 per New Option, exercisable at $0.015 each on or before 31 December 2027
• Offer fully underwritten by CPS Capital Group Pty Ltd

Desert Metals Limited has announced an entitlement issue prospectus for a pro-rata non-renounceable offer of up to 325,376,901 New Options, on the basis of one (1) New Option for every two (2) Shares held by those Shareholders registered at the Record Date, at an issue price of $0.001 per New Option, exercisable at $0.015 each on or before 31 December 2027, to raise up to approximately $325,377 (based on the number of Shares on issue as at the date of this Prospectus). The Offer is fully underwritten by CPS Capital Group Pty Ltd (AFSL 294848) (Underwriter). The prospectus provides details on the timetable, key offer statistics, key risk factors, Directors' interests, substantial holders, underwriting, and potential dilution to non-participating Shareholders.