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Desoto Resources DES.AX · AUD

Materials · ASX · 🇦🇺 Australia

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0.13

+8.33%

Close of 9 Nov 2026, in AUD

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About Desoto Resources

Its shares trade on ASX under the ticker DES.AX. It has been listed since 16 December 2022. In the fiscal year to 30 June 2025, it reported revenue of A$1,251 and a net loss of A$2.9m. At that date it held total assets of A$14.1m and shareholders' equity of A$13.2m.

Desoto Resources Ltd. operates as an exploration company. The Company’s principal activities include exploring and developing mineral projects, with a focus on its Northern Territory-based gold and lithium projects. The firm has an 1887 square kilometers land holding located in the Norther Territory’s 17 million-ounce Pine Creek gold province. Its Pine Creek Project is both a gold project with known gold mineralization and a conceptual lithium pegmatite project. The project is located approximately 150 kilometers (km) south of Darwin and 8 km north of Pine Creek in the Northern Territory. The project consists of six granted exploration licenses (covering 1,467 square kilometers) and three exploration license applications (covering 420 square kilometers). Its Fenix Lithium Gold Project is located within the Pine Creek Pegmatite Field. The Company’s Fenton granted licenses cover approximately 1,467 square kilometers.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Materials
Industry
Metals & Mining
Listed since
16 Dec 2022

Leadership

Pay as last reported

  • Mr. Paul RobertsIndependent Non-Executive Chairman of the Board
  • Mr. Christopher SwallowManaging Director, Executive Director, since 2022
  • Mr. Gaetano TombaCompany Secretary, since 2022
  • Dr. Finbarr MurphyIndependent Non-Executive Director

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Desoto Resources Ltd. has 1,467 square kilometers of granted exploration licenses in the Pine Creek gold province.
  • The company's Pine Creek Project includes both gold mineralization and a conceptual lithium pegmatite project.
  • Desoto Resources Ltd. holds 1887 square kilometers of land in the Northern Territory's 17 million-ounce gold province.

Weaknesses

  • The company has three exploration license applications pending for 420 square kilometers in the Northern Territory.
  • Desoto Resources Ltd. operates in a remote Northern Territory location with limited infrastructure.
  • The Fenix Lithium Gold Project is still in a conceptual phase without proven reserves.

Opportunities

  • The Pine Creek Pegmatite Field offers potential for lithium and gold discoveries.
  • Desoto Resources Ltd. can leverage the 17 million-ounce Pine Creek gold province for future development.
  • The company's land holdings cover 1,467 square kilometers within the Pine Creek Pegmatite Field.

Threats

  • The Northern Territory's remote location poses logistical challenges for operations.
  • Pending exploration license applications may face regulatory delays in the Northern Territory.
  • The conceptual lithium pegmatite project lacks proven mineralization and requires further exploration.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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