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DeSoto Resources Limited (ASX:DES)

ALERT: Price-sensitive ASX Announcement for DES
Current share price for DES : $0.130 -0.04 (-23.53%)+
Announcement
Release
12 Mar 2026 9:15AM
Price at Release
$0.170
Full Release
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Summary
DeSoto Resources Limited has expanded its exploration footprint on the Siguiri Gold Mineralisation Trend in Guinea by acquiring three new projects: Dalaban, Woussoubadou, and Branama. This expansion adds 242km² to DeSoto's Guinea portfolio, consolidating its southwest project grouping to 687km² of near-contiguous exploration ground. These projects are strategically located within a promising gold corridor that includes major deposits like AngloGold Ashanti’s Siguiri Mine and Asara’s Resources’ Kada Project. DeSoto is applying modern exploration techniques to capture district-scale discovery opportunities, focusing on large orogenic gold systems. The company is in the process of converting reconnaissance authorisations to exploration permits and will continue to pursue further acquisitions as Guinea's Mining Cadastre undergoes modernization.
Key Points
  • Expansion by 242km² in Guinea with new projects.
  • Projects located within Siguiri Gold Mineralisation Trend.
  • Consolidation leads to a total of 687km² of exploration ground.
  • Strategic location alongside major gold deposits.
  • Utilizing modern exploration techniques for district-scale discoveries.
  • Ongoing conversion of authorisations to permits.
  • Further acquisitions anticipated in the modernized mining cadastre.
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.