Pending Assays and Permit Approvals Pose Key Tests for DeSoto’s Guinea Strategy

Exploration Momentum in Guinea

DeSoto Resources Limited (ASX – DES) has reported significant progress in its 2025 exploration campaign across its key gold projects in Guinea. The company has completed 51 reverse circulation (RC) drill holes totaling 5,743 meters at the Dadjan and Tolé projects, with assay results eagerly awaited. Complementing this, 124 Power Auger holes were drilled at the Bofoani prospect, alongside trenching and detailed geological mapping, setting the stage for maiden RC drilling in this area.

These activities reflect DeSoto’s methodical approach to unlocking the potential of its extensive landholdings in the Siguiri Basin, a region known for its prolific gold mineralization. The collection of 857 soil samples and 33 rock samples at Timbakouna, plus 23 BLEG samples at Komah, further underscores the company’s commitment to comprehensive exploration techniques.

Strategic Expansion with New Permits

Notably, DeSoto has secured exploration approvals for the Koba, Nérékoro Sud, and Mini projects, enabling the commencement of maiden work programs. These permits allow the company to consolidate its ground position south of Dadjan and Tolé, including the Kassa Est project, effectively expanding its footprint in the Siguiri Basin. This consolidation could enhance the structural understanding and targeting of gold mineralization across contiguous tenements.

Such regulatory progress is crucial for maintaining exploration momentum and reflects positively on DeSoto’s operational capabilities and stakeholder engagement in Guinea.

Northern Territory Program Wrap-Up

Meanwhile, in Australia’s Northern Territory, DeSoto has completed its 2025 exploration season with all samples from recent drilling delivered to a Perth laboratory. The company anticipates assay results in the coming weeks, which will provide further insights into the mineral potential of its projects there.

This dual-region focus demonstrates DeSoto’s balanced strategy of advancing exploration in both established and emerging gold provinces, supported by a strong cash position exceeding $15.5 million.

Looking Ahead

With assay results pending, the market awaits confirmation of the geological promise hinted at by the extensive drilling and sampling programs. The approvals for new exploration permits also position DeSoto to accelerate its discovery potential in the coming months, potentially reshaping its resource base and future development plans.