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Desert Metals frees up exploration cash with Tengrela South sale
1:47pm on Friday 30th of October, 2026 AEDT
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Mining
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Desert Metals frees up exploration cash with Tengrela South sale
1:47pm on Friday 30th of October, 2026 AEDT
Key Points
Tengrela South sale could deliver up to A$5.0 million cash and a 1% NSR royalty
A$2.5 million is due by completion, subject to conditions including ministerial approval
Quarter-end cash fell to A$238,000, equal to 0.98 quarters of reported funding
Nyan hosts a 7km gold-in-soil anomaly with peak values up to 6.04g/t gold
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