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Desert Minerals Ltd (ASX:DSM)

ALERT: Price-sensitive ASX Announcement for DSM
Current share price for DSM : $0.730 0.465 (175.47%)+
Announcement
Release
30 Apr 2026 9:47AM
Price at Release
$0.265
Full Release
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Summary
Desert Minerals Ltd (DSM) has presented its Quarterly Activities/Appendix 5B Cash Flow Report for the quarter ending 31 March 2026. The report highlights cash flow activities related to operating, investing, and financing activities. The company reported net cash used in operating activities amounting to $788,000 for the current quarter and $959,000 year-to-date. Investing activities led to a net cash outflow of $70,000 for the quarter, mainly due to payments for tenements and exploration evaluations. On the financing side, DSM raised $5 million from the public offer, which was allocated to exploration activities, loan repayments, public offer costs, director fees, and working capital. Despite these allocations, the exploration activities were under budget by $2,088,758. Overall, the report provides insights into the company's financial activities and future plans, aligning with its strategic objectives in the mineral exploration sector.
Key Points
  • Desert Minerals Ltd reported net cash used in operating activities of $788,000 for the quarter.
  • Investing activities resulted in a net cash outflow of $70,000, primarily due to tenement and exploration payments.
  • The company raised $5 million from a public offer for various allocations including exploration and loan repayments.
  • Exploration activities were under budget by $2,088,758.
  • Financial activities align with strategic objectives in mineral exploration.
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.