Company Overview

Desert Metals (ASX: DM1) aims to discover or acquire and develop high-potential minerals projects in Tier 1, geologically prolific mining jurisdictions to create shareholder returns.

In 2023, it acquired seven gold and lithium projects covering 2,769km2 of granted mineral permits and permit applications in Côte d’Ivoire, West Africa. These include:

  • Tengrela South gold project, 30km south and along strike of the Sissingué gold mine;
  • Adzope gold project that has extensive and broad alluvial, eluvial and hard-rock gold mineralisation including 2km+ of artisanal workings; and
  • Agboville lithium project, covering 1000km2 of pegmatite fields where lithium, tantalum, beryllium and rare earth elements (REE) was identified in government mapping

Côte d’Ivoire is a premier destination for mining investment and hosts several operating gold mines held by major producers including Barrick Gold, Endeavour Mining and Perseus Mining.

These projects add further value to Desert Metals’ existing portfolio of exploration projects in Western Australia.