Desert Metals Ltd
Desert Metals Limited is a gold exploration and development company.
The business
Desert Metals Limited is a gold exploration and development company. The Company has the right to earn a majority interest under low-cost joint venture arrangements in three gold projects covering approximately 1,073.95 square kilometers of granted mineral permits and permit applications in Cote d’Ivoire, West Africa. It owns 51% of the Tengrela South project, about 30 kilometers (km) south of the operating Sissingue gold mine and is earning 80% of the highly prospective Adzope gold project in the south of the country. The flagship Tengrela South Gold Project covers 285 square kilometers of ground in far north Cote d’Ivoire, 30 km south and along the strike of Perseus Mining’s Sissingue Gold Complex. Adzope covers 230 square kilometers (granted) in southern Cote d’Ivoire, with extensive and broad alluvial gold mineralization evident across the entire permit area.
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Latest news

Desert Metals confirms ‘significant’ rare earth discovery at Innouendy
It began with hunting for nickel, then earlier this year Desert Metals (ASX: DM1) suddenly realised the fact that its Innouendy project northwest of Meekatharra contained traces of rare earths. Today the company revealed it is now able to confirm that Innouendy is what it describes as a significant rare earths discovery. Not only that, […]

Alceon buys stake in peer-to-peer marketplace lender DirectMoney
Investment vehicle Alceon has made a play to acquire A$600,000 worth of shares in peer-to-peer marketplace lender DirectMoney (ASX: DM1), which is soon to become Wisr (ASX: WZR) after an official vote at the upcoming extraordinary general meeting. Alceon is buying more than 14 million DirectMoney shares at A$0.042 each – a 56% premium to […]
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