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Desert Minerals Ltd (ASX:DSM)

ALERT: Price-sensitive ASX Announcement for DSM
Current share price for DSM : $0.715 -0.035 (-4.67%)+
Announcement
Release
20 Jul 2026 9:06AM
Price at Release
$0.750
Full Release
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Summary
Desert Minerals Ltd is set to initiate its maiden drilling program at the Mt Monger Gold Project's Providence Prospect. This shallow, high-grade gold project, located in a proven mineral corridor near Kalgoorlie, aims to explore extensions of the existing resource, which currently holds a JORC Inferred Mineral Resource Estimate of 204,700 tonnes at 2.5 g/t gold for 16,400 ounces. The project, adjacent to significant operations such as Black Cat Syndicate's Wombola and Vault Minerals' Daisy Milano Gold Mine, offers substantial exploration upside with several untested targets. The company is well-funded, with around $4 million available, and plans to start drilling in August 2026, with a focus on resource growth at shallow depths.
Key Points
  • Desert Minerals Ltd to commence drilling at Mt Monger's Providence Prospect.
  • The drilling program targets extensions to the existing Providence Mineral Resource.
  • Providence hosts a JORC Inferred Mineral Resource Estimate of 204,700 tonnes at 2.5 g/t gold.
  • Mt Monger offers substantial upside with multiple untested targets and historical intercepts.
  • Desert Minerals is well-funded with approximately $4 million available.
  • Drilling is scheduled to commence in August 2026, aiming for resource growth at shallow depths.
  • Providence is situated in a proven gold-producing corridor near Black Cat Syndicate and Vault Minerals.
  • Desert Minerals continues to assess potential projects consistent with building a high-quality mineral asset portfolio.
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.