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DeSoto’s Guinea gold strategy reaches a crucial drilling phase

11:38am on Tuesday 22nd of September, 2026 AEST Mining
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DeSoto’s Guinea gold strategy reaches a crucial drilling phase

11:38am on Tuesday 22nd of September, 2026 AEST
Key Points
  • Approximately 1,300 km² of Guinea gold tenure across more than 22 authorisations and permits
  • A$15.0 million FY2026 net loss, including a A$6.35 million Northern Territory impairment
  • A$9.16 million cash balance after a A$14.0 million placement
  • 485-hole, 10,000-metre power auger program underway at Timbakouna
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