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Desert Metals Ltd. ( (AU:DM1) ) has shared an update.
Desert Metals reported major exploration progress at its Adzope permit in southern Côte d’Ivoire, where maiden soil sampling at the Nyan prospect outlined a coherent gold‑in‑soil anomaly over more than seven kilometres. High‑grade surface values up to 6.04 grams per tonne, aligned with regional Birimian structures and along strike from the King Kong discovery, make Nyan a priority drill‑ready target for planned infill sampling, geophysics and an initial 6,750‑metre oxide aircore campaign.
At the Tengrela South permit in the north, aircore drilling extended the Tiogo gold corridor to about 1.5 kilometres, returning multiple high‑grade intercepts and confirming mineralisation on all tested lines, with the system still open along strike and at depth. Desert Metals also secured 100% of the 598‑square‑kilometre Agboville gold‑lithium project and completed a fully underwritten entitlement offer raising $325,377, strengthening its control over key Côte d’Ivoire assets while funding the next phase of drilling.
More about Desert Metals Ltd.
Desert Metals Ltd, listed on the ASX as DM1, is a mineral exploration company focused on gold and lithium projects in Côte d’Ivoire. Its portfolio targets Birimian greenstone belt terrains, with key permits at Adzope, Tengrela South and Agboville aimed at delineating high-grade gold systems and complementary lithium potential in highly prospective districts.
The company’s strategy centres on early-stage geochemical and aircore drilling programs to define coherent gold corridors ahead of deeper bedrock testing. By consolidating ownership of large permit areas and advancing multiple prospects in parallel, Desert Metals is positioning itself as an emerging West African explorer with leverage to both precious and battery metals.
Average Trading Volume: 4,985,504
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$5.35M
Find detailed analytics on DM1 stock on TipRanks’ Stock Analysis page.

