Desert Metals: Strong Gold Anomaly Identified at Adzope Project
Desert Metals Limited (ASX: DM1) reported encouraging exploration results from its Adzope gold project in Côte d’Ivoire, alongside progress on its recent entitlement offer. The company identified a coherent gold-in-stream anomaly extending over approximately 5km, highlighting strong regional mineralisation potential. The primary Target 1 anomaly spans about 5km by 1.5km and shows elevated gold values, with a peak of 44ppb, located near the King Kong prospect. A secondary target also demonstrated promising results within the same mineralised corridor. Overall, 116 out of 241 samples exceeded detection limits, indicating a moderate-to-strong gold signature and supporting further exploration.
At the same time, the company finalized its non-renounceable pro-rata entitlement offer, where eligible shareholders were granted the opportunity to receive one new option for every two shares held, priced at $0.001 per option, with an exercise price of $0.015 valid until 31 December 2027. The company received valid applications for 177.7 million new options, raising gross proceeds of approximately $177,747. The issue of these options is scheduled for 6 May 2026, and any remaining shortfall will be fully taken up by CPS Capital Group Pty Ltd as the underwriter, ensuring the offer is fully subscribed.
Desert Metals plans immediate follow-up soil sampling to refine drill targets, positioning the project for potential resource expansion and future drilling activities.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Desert Metals: Strong Gold Anomaly Identified at Adzope Project
Desert Metals Limited (ASX: DM1) reported encouraging exploration results from its Adzope gold project in Côte d’Ivoire, alongside progress on its recent entitlement offer. The company identified a coherent gold-in-stream anomaly extending over approximately 5km, highlighting strong regional mineralisation potential. The primary Target 1 anomaly spans about 5km by 1.5km and shows elevated gold values, with a peak of 44ppb, located near the King Kong prospect. A secondary target also demonstrated promising results within the same mineralised corridor. Overall, 116 out of 241 samples exceeded detection limits, indicating a moderate-to-strong gold signature and supporting further exploration.
At the same time, the company finalized its non-renounceable pro-rata entitlement offer, where eligible shareholders were granted the opportunity to receive one new option for every two shares held, priced at $0.001 per option, with an exercise price of $0.015 valid until 31 December 2027. The company received valid applications for 177.7 million new options, raising gross proceeds of approximately $177,747. The issue of these options is scheduled for 6 May 2026, and any remaining shortfall will be fully taken up by CPS Capital Group Pty Ltd as the underwriter, ensuring the offer is fully subscribed.
Desert Metals plans immediate follow-up soil sampling to refine drill targets, positioning the project for potential resource expansion and future drilling activities.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au