Latest Desoto Resources (ASX:DES) News

DeSoto Resources has assembled about 1,300 square kilometres of gold tenure in Guinea’s Siguiri Basin, but the expansion came with a A$15.0 million FY2026 loss and a A$6.35 million write-off of Northern Territory exploration assets. The company enters FY2027 with drilling, geophysics and tenure renewals still to convert its large portfolio into a defined resource.

DeSoto Resources has significantly expanded its exploration footprint in Guinea’s prolific Siguiri Goldfields, restarting a major drilling campaign and launching new geophysical and soil sampling programs across over 1,300 square kilometres of tenure.

DeSoto Resources has restarted a 10,000m power auger drilling program and launched a 6,262-line kilometre airborne geophysical survey across multiple projects in Guinea’s Siguiri Basin following government approval after a pause due to illegal mining enforcement.

DeSoto Resources has launched a 10,000m maiden drilling program at its Timbakouna Gold Project and secured a major new ground package in Guinea’s prolific Siguiri Basin, backed by a strong cash position of A$9.2 million.

DeSoto Resources and Fortuna Mining’s joint venture High Guinea Gold has locked in a seven-project gold exploration package covering 591.43 square kilometres in Guinea’s prolific Siguiri Basin, marking a key step in their alliance’s expansion strategy.

DeSoto Resources has kicked off a substantial 10,000-metre power auger drilling program at its Timbakouna Gold Project in Guinea, aiming to test beneath lateritic cover and build on historic high-grade gold intercepts.

DeSoto Resources has wrapped up a large-scale Bulk Leach Extractable Gold (BLEG) stream sediment sampling program across six projects in Guinea’s prolific Siguiri Basin, with 143 samples now awaiting assay results.

DeSoto Resources has identified two priority soil anomaly zones at its Timbakouna Project in Guinea’s Siguiri Basin, setting the stage for targeted drilling after airborne magnetics surveys and infill sampling.

Speculative resources names drove the biggest moves this week, with Patriot Resources, Brazilian Critical Minerals and Rent.com.au leading the gainers. At the other end, Qoria, SQX Resources and 4DMedical fell hard as capital raisings, weak follow-through and post-gap selling hit sentiment.

Silver, rare earths and select critical minerals led this week’s winners, while lithium names and several larger producers slipped despite busy news flow. Big resource upgrades, fresh funding and cleaner processing routes drew buyers, but many early gaps failed to hold.

DeSoto Resources significantly increased its exploration ground in Guinea's Siguiri Basin, adding 532km2 and identifying a 9km-long artisanal gold zone with assays up to 15.2g/t Au. The company maintains a robust cash position of A$11 million to support accelerated exploration.

DeSoto Resources has reported strong gold assay results from artisanal workings at its Timbakouna Project and extensive soil sampling across multiple permits in Guinea’s prolific Siguiri Basin, underpinning plans for follow-up drilling and geophysical surveys.