DES.ASX: Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

Stock	Desoto Resources Ltd (DES.ASX)
Release Time	29 Jul 2026, 8:29 a.m.
Price Sensitive	Yes

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DeSoto Resources Announces Exploration Progress and Financial Update

Key Points

Maiden drilling program initiated at Timbakouna Gold Project
Completed BLEG stream sediment sampling programs across southwest Siguiri
DeSoto-Fortuna Alliance secures first ground package in Siguiri Basin

Full Summary

DeSoto Resources Limited (ASX:DES) has released its Quarterly Activities Report for the period ending 30 June 2026. Key highlights include the commencement of a 485-hole, 10,000m power auger drilling program at the Timbakouna Gold Project, targeting over 6km of semi-continuous artisanal gold workings. Additionally, the company completed BLEG stream sediment sampling programs across more than 687km2 of drainage catchments in the southwest Siguiri project grouping. DeSoto also announced that its joint venture, High Guinea Gold SARLU, has secured up to seven gold exploration projects in the Siguiri Basin from the Wassolon Mining Group. The company maintains a strong cash balance of approximately A$9.2M, enabling it to advance its exploration programs.

Guidance

DeSoto Resources has a cash balance of A$9.2M as of 30 June 2026.

Outlook

DeSoto Resources is well-funded to continue its exploration activities, with a strong cash balance and ongoing project developments.