Latest Desert Metals (ASX:DM1) News

A brutal sell-off in a few small caps sat alongside takeover bids, fresh capital raisings and strong gains in medtech. The week split the market in two: buyers chased clear funding and approval news, while weaker stories sank fast after reopening.

Big price swings hit the materials board as deal news, capital raisings and resource updates pulled stocks in opposite directions. Gold M&A stayed busy, while critical minerals names kept feeding the market with drilling, testwork and project studies.

Desert Metals has uncovered a substantial gold-in-soil anomaly exceeding 7km at its Nyan prospect in Côte d'Ivoire, with surface samples peaking at over 6 g/t gold. The untested anomaly aligns with the structural trend of the company’s King Kong discovery, setting the stage for imminent drilling.

Desert Metals (ASX:DM1) has acquired 100% ownership of two key gold and lithium permits in Côte d’Ivoire, consolidating its Adzope Project to 826km² and simplifying its exploration strategy.

Desert Metals has expanded its Tiogo gold anomaly at Tengrela South, Côte d'Ivoire, by over 3km northwards, unveiling a new high-priority target ready for drilling.

Capital raisings, resource updates and Medicare news drove the week’s biggest share moves. The sharpest gains came from silver and tungsten juniors, while the heaviest fall came from a deeply discounted equity raising.

Desert Metals has confirmed a continuous 1.5km gold mineralised corridor at Tiogo, Côte d'Ivoire, highlighted by a standout 4m at 19.48g/t gold intercept, while the highest-grade mineralisation remains untested at depth.

Desert Metals Limited has launched a fully underwritten entitlement offer to raise approximately $325,000 through new options, aiming to fund ongoing exploration at its gold prospects in Côte d’Ivoire.

Desert Metals Limited (ASX:DM1) has announced a pro-rata 1-for-2 non-renounceable entitlement offer of up to 325 million new options to raise approximately $325,377. The funds will support ongoing aircore drilling at its Tiogo and Kakalogo gold prospects in Côte d’Ivoire.

Desert Metals has launched a 2,000m aircore drilling campaign at its Tiogo gold prospect in Côte d’Ivoire, aiming to bridge a key gap between high-grade gold intercepts and unlock further potential along a major mineralised corridor.

Desert Metals Limited has reported compelling high-grade gold results at its King Kong prospect and secured $1.25 million in funding to accelerate exploration in Côte d’Ivoire. The company is gearing up for expanded drilling and sampling programs in 2026.

Desert Metals Limited has completed the second tranche of its placement, raising a total of $1.25 million through new shares and options issued to investors and its lead manager.