DM1 Price sensitive 30 Apr 2026, 9:31 AM

Quarterly Activities/Appendix 5B Cash Flow Report

Desert Metals Ltd

Desert Metals Commences Aircore Drilling at Tiogo Gold Prospect

Key points

  • Commenced 40-hole, 2,000m aircore drilling program at Tiogo gold prospect in Côte d'Ivoire
  • Drilling targets 900m untested zone between previous high-grade intercepts
  • Completed permit-wide stream sediment sampling at Adzope gold project

Full summary

Desert Metals commenced a Phase 1, 40-hole +2,000m aircore drilling program at the Tiogo gold prospect on the Tengrela South permit in northern Côte d'Ivoire. The drilling targeted a 900m untested mineralised corridor between previous high-grade intercepts of 12m at 4.20g/t gold from 32m and 8m at 6.47g/t gold from 6m. A GAIP ground geophysics survey had highlighted a +4km anomaly at Tiogo, with the high-grade aircore intercepts located on the margin of the anomaly. The Phase 1 drilling forms part of a proposed larger 120-hole, 6,000m aircore program at Tengrela South's Tiogo and Kakologo prospects, which are located 30km on-strike from Perseus Mining's operating Sissingué gold mine. At the Adzope gold project in southern Côte d'Ivoire, permit-wide stream sediment sampling was completed, with 256 samples collected across the 228km² permit. Assay results are expected in the first half of May 2026 for both the Tiogo drilling and Adzope sampling programs.

Outlook

Subject to the results of the Phase 1 drilling at Tiogo, Desert Metals plans to continue the overall 120-hole, 6,000m aircore program with further phases at Tiogo and the Kakologo prospect. The company also plans to prioritize and follow up targets generated from the stream sediment sampling at Adzope.

Summary generated by a large language model. Please interpret with care.

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