InvestSMART

DeSoto Resources Limited (ASX:DES)

ALERT: Price-sensitive ASX Announcement for DES
Current share price for DES : $0.125 -0.025 (-16.67%)+
Announcement
Release
9 Feb 2026 8:54AM
Price at Release
$0.150
Full Release
download
Summary
DeSoto Resources Limited (ASX:DES) has announced the acquisition of three new projects: Yarakoura, Doutila, and Moussaya, expanding its Guinea portfolio by an additional 290 km² within the Siguiri Basin. In collaboration with United Mining SARL (UGM), DeSoto has secured Reconnaissance Authorisations, which are in the process of being converted to Exploration Permits. This expansion is part of their strategic efforts to capitalize on Guinea's recent Mining Cadastre modernizations, which facilitate easier application processes for mining titles and permits. In the South Siguiri area, DeSoto is actively conducting fieldwork, including mapping, Bulk Leach Extractable Gold (BLEG) soil sampling, and power auger programs. These efforts aim to generate and advance new targets across the company's extensive project portfolio, ensuring a continuous pipeline of drill targets and anomalies for exploration and discovery.
Key Points
  • DeSoto Resources acquires three new projects in the Siguiri Basin.
  • The acquisition adds 290 km² to DeSoto's Guinea portfolio.
  • Partnership with United Mining SARL (UGM) to secure Reconnaissance Authorisations.
  • Efforts align with Guinea's Mining Cadastre modernization.
  • Active fieldwork includes mapping, BLEG soil sampling, and power auger programs.
  • Expansion aims to generate a rolling pipeline of drill targets.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.