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Desert Minerals Ltd (ASX:DSM)

ALERT: Price-sensitive ASX Announcement for DSM
Current share price for DSM : $0.715 -0.005 (-0.69%)+
Announcement
Release
23 Jul 2026 8:53AM
Price at Release
$0.720
Full Release
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Summary
Desert Minerals Ltd released its quarterly activities and cash flow report for the period ending 30 June 2026. The report highlights a net cash usage of $162,000 in operating activities for the quarter and a year-to-date total of $1,121,000. Investing activities resulted in a $34,000 net cash outflow for the quarter, while financing activities led to a cash increase of $1,000,000. The company's cash reserves at the end of the quarter were $4,050,000. Key activities include payments for exploration and evaluation, with ongoing applications for mining lease conversions. Notable budget variances were reported in exploration activities and operational costs.
Key Points
  • Desert Minerals Ltd, listed on ASX as DSM, presented its quarterly activities and cash flow report as of 30 June 2026.
  • Net cash used in operating activities for the quarter was $162,000, with a year-to-date total of $1,121,000.
  • Investing activities led to a net cash outflow of $34,000 for the quarter and $381,000 year-to-date.
  • Financing activities generated a net increase of $1,000,000 in cash for the quarter, totaling $5,526,000 year-to-date.
  • The company’s cash and cash equivalents at the end of the period increased to $4,050,000.
  • Payments for exploration and evaluation activities during the quarter were $44,000, with significant variances in budget allocation for exploration and other operational areas.
  • Desert Minerals Ltd has several tenements with applications for conversion to mining leases pending.
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.