Latest Desoto Resources (ASX:DES) News

DeSoto Resources is set to commence a major drilling campaign across its dominant landholdings in Guinea’s prolific Siguiri Basin, leveraging historic high-grade gold results and a seasoned exploration team to unlock new discoveries.

Santos Limited’s 2024 Annual Report reveals a 5% drop in production and a 9% fall in sales revenue, yet the company maintains strong profitability and advances its carbon capture and storage projects alongside ambitious climate goals.

DeSoto Resources has uncovered significant rare earth element mineralisation more than 6km south of its Quantum REE deposit, indicating a potentially world-class REE-Au system. The company is set to launch an extensive 10,000m drilling program in 2025 to further delineate this promising discovery.

DeSoto Resources has secured a strategic manganese project in Brazil and received pioneering drilling approvals in Australia's Northern Territory, setting the stage for significant exploration activity in 2025.