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About Desert Metals
Its shares trade on ASX under the ticker DM1.AX. It has been listed since 18 December 2020. In the fiscal year to 30 June 2025, it reported revenue of A$100,417 and a net loss of A$1.6m. At that date it held total assets of A$8.5m and shareholders' equity of A$8.3m.
Desert Metals Ltd. engages in the nickel and copper acquisition and exploration services. The company is headquartered in Perth, Western Australia. The company went IPO on 2020-12-18. Its Narryer Project is located about 120 kilometers (km) northwest of the town of Meekathara. The project is prospective for nickel sulfide and gold mineralization. The project comprises about nine granted exploration licenses covering a combined area of over 1,600 square kilometers. The project consists of various prospects, including the Opal Bore, Innouendy, Irrida Hill, Irrida East, Breakaway, Dingo Pass and Mt Gould nickel, copper and gold prospects; the Hooper nickel and copper prospect; and the Belele copper, lead, zinc, gold prospect. The project area is prospective for two principal styles of mineralization: Nickel-Sulfide mineralization and orogenic gold mineralization. The Opal Bore Gold Prospect includes E09/2331. The Innouendy prospect includes E09/2330. The Irrida Hill and Irrida East prospects include E09/2302, E09/2351.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Materials
- Industry
- Metals & Mining
- Listed since
- 18 Dec 2020
- Website
- desertmetals.com.au ↗
Leadership
Pay as last reported
- Mr. Patrick FlintNon-Executive Chairman of the Board
- Mr. Stephen RossManaging Director, Director, since 2024
- Mr. Paul JurmanCompany Secretary
- Ms. Fatou GueyeNon-Executive Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Desert Metals Ltd. holds nine exploration licenses covering over 1,600 square kilometers in the Narryer Project area.
- The Narryer Project features nickel sulfide and gold mineralization prospects including Opal Bore and Innouendy.
- The company's exploration licenses include E09/2331 for Opal Bore Gold Prospect and E09/2330 for Innouendy prospect.
Weaknesses
- The Narryer Project is located 120 kilometers northwest of Meekathara, Western Australia, posing logistical challenges.
- Desert Metals Ltd. has no operational mines, relying solely on exploration activities.
- The company's IPO was on 18 December 2020, indicating limited market history.
Opportunities
- The Narryer Project's nickel sulfide mineralization offers potential for significant nickel and copper deposits.
- Orogenic gold mineralization in the project area could lead to valuable gold discoveries.
- Exploration licenses cover diverse prospects like Belele for copper, lead, zinc, and gold.
Threats
- The Narryer Project's remote location 120 kilometers northwest of Meekathara may increase operational costs.
- Nickel and copper exploration faces market volatility in the Metals & Mining sector.
- The company's focus on exploration without production could delay revenue generation.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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