Latest Desert Metals (ASX:DM1) News

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.

Gold and specialty minerals names drove the week’s biggest moves as drilling hits, resource upgrades and funding deals pulled buyers into small and mid-cap materials stocks. Lithium and uranium names were more uneven, with some companies raising money for growth while others fell on dilution worries or project delays.

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.

Desert Metals Limited has completed the first tranche of its capital raising, issuing 64 million shares to raise $416,000, with a shareholder meeting planned to approve a second tranche worth $834,000.

Desert Metals has raised $1.25 million to advance drilling and sampling at its promising gold projects in Côte d’Ivoire, aiming to unlock new resource potential in 2026.

Desert Metals Limited confirms a substantial high-grade gold system at its Adzope project in Côte d’Ivoire, following a successful diamond drilling campaign. The company also advances exploration at Tengrela South while streamlining its portfolio by relinquishing Western Australian tenements.

Desert Metals has confirmed significant gold mineralisation over a 1.2km strike at its King Kong prospect in Côte d’Ivoire, underpinning plans for expanded exploration across its Adzope project.