Desert Metals Ltd. · ASX:DM1
Desert Metals — Investor Presentation (February 2025)
23 slides from Desert Metals's investor presentation, February 2025
Slide 1: Gold Exploration in Côte d'Ivoire
GOLD EXPLORATION IN CÔTE D’IVOIRE FEBRUARY 2025 ASX – DM1 www.desertmetals.com.au
Slide 2: Disclaimer and Forward-Looking Statements
DISCLAIMER AND FORWARD-LOOKING STATEMENTS This presentation contains summary information about Desert Metals Limited (DM1 or the Company). Risks: Any investment in DM1 is subject to known and unknown risks, some of which are beyond the Summary of information: This presentation contains general and b
Slide 3: Company Highlights
COMPANY HIGHLIGHTS 6 PROJECTS IN CÔTE D’IVOIRE Six gold and lithium JV’s covering 2,475km2 All low-spend JV agreements 51% and 80% earned on lead projects Côte d’Ivoire is the best jurisdiction in West Africa Priority Adzope and Tengrela South gold projects Slide 3 www.desertmetals.com.au
Slide 4: Côte d'Ivoire – Proven Mining Jurisdiction
CÔTE D’IVOIRE – PROVEN MINING JURISDICTION 8 operating gold mines Barrick, Endeavour, Perseus, Tietto, Favourable VAT and Duty Laws Fortuna and Allied Gold producing for exploration and mining +2.0moz pa Major recent discoveries Variable royalties on gold price Turaco, Aurum, Awale, 5% royalty gold
Slide 5: Project Highlights
PROJECT 01 Adzope Gold Project (Granted; 51% earned*) HIGHLIGHTS 9 holes for 1,714.4m completed at King Kong 17m at 7.5g/t gold from 262m downhole (190m vertical) +3.4km soil and geophysics anomaly Tengrela South Gold Project (Granted; 80% earned*) 02 Drilling and aircore completed at Podio
Slide 6: Slide 6 www.desertmetals.com.au
Slide 6 www.desertmetals.com.au
Slide 7: Adzope Gold JV
ADZOPE GOLD JV Hold 51%*, earning 80% for $1.5m Granted June 24, drilling October 24 228km2 never explored +2.4km x 200m The Beach alluvial workings Five artisanal +120m wide pits mining gold-bearing quartz veins King Kong prospect 6km2 NE corner +3.4km gold corridor DM1 first gold e
Slide 8: Adzope Gold Soil Sampling
ADZOPE GOLD SOIL SAMPLING King Kong prospect 6km2 NE corner High-grade soil samples and rock chips +3.4km gold corridor Rock chips 8.40g/t gold, 6.94g/t gold and 3.06g/t gold Soil samples 3.55g/t gold, 1.61g/t gold and 1.24g/t gold Ground IP program completed as next phase Anomalous soil
Slide 9: Adzope Gold Ground Geophysics
ADZOPE GOLD GROUND GEOPHYSICS 55.45-line kilometres of ground geophysics covering 5.5km2 100m spaced north-south lines Induced polarisation and magnetics to maximum 100m depth Distinct +3.4km geophysical long anomaly Coincident to the gold anomaly Indicates sulphides that could host gold
Slide 10: Adzope Gold +3.4km Corridor
ADZOPE GOLD +3.4KM CORRIDOR Soils and geophysics reveal +3.4km gold corridor Drilled using man-portable diamond drill rigs (below) Slide 10 www.desertmetals.com.au
Slide 11: Adzope Gold Drill Results 2024
ADZOPE GOLD DRILL RESULTS 2024 Limited first-pass drilling on artisanal pits and gold anomaly 9 diamond holes for 1,714.4m 17m at 7.5g/t gold from 262m (190m vertical); and 13m at 1.64g/t gold from 146m (110m vertical) Significant drill results with visible gold Slide 11 www.desertmetals.com.a
Slide 12: Adzope Gold Drill Results 2024
ADZOPE GOLD DRILL RESULTS 2024 Limited first-pass drilling on artisanal pits and gold anomaly 9 diamond holes for 1,714.4m 17m at 7.5g/t gold from 262m (190m vertical); and 13m at 1.64g/t gold from 146m (110m vertical) 1.4km between intersections +3.0km long gold corridor Untested parall
Slide 13: Adzope Gold Drilling 2025
ADZOPE GOLD DRILLING 2025 Limited first-pass drilling on artisanal pits and gold anomaly 9 diamond holes for 1,714.4m 17m at 7.5g/t gold from 262m (190m vertical); and 13m at 1.64g/t gold from 146m (110m vertical) 1.4km between intersections +3.0km long gold corridor Untested parallel zo
Slide 14: Tengrela South
TENGRELA SOUTH Drilling results across 5 distinct prospects with significant gold intercepts Strong +3km gold anomaly at Tiogo and Kakologo 3,500m aircore drilling May 2025 Tiogo and Kakologo 10km south of Sissingue Potential gold processing at Sissingue next to permit Shallow intercepts a
Slide 15: Tengrela South
TENGRELA SOUTH Kakologo +3km Podio +3km +3km Tiogo Slide 15 www.desertmetals.com.au
Slide 16: Agboville Gold and Lithium JV
AGBOVILLE GOLD AND LITHIUM JV 2 large application areas Earning 85% for $250k Historical mineral occurrences Distinct geophysical structures LAG and auger sampling Slide 16 www.desertmetals.com.au
Slide 17: Kounahiri West, Vavoua and Vavoua West
KOUNAHIRI WEST, VAVOUA AND VAVOUA WEST Earning 80% on 3 applications Vavoua Project On strike, same structure Tietto’s Abujar 378km2 Permit Application 3.3moz gold deposit in mineralised Birimian Vavoua West greenstones Next to recent African Gold (ASX-A1G) Kounahiri Nord discovery* Abujar gold stru
Slide 18: Exploration Schedule 2025
EXPLORATION SCHEDULE 2025 CÔTE D’IVOIRE EXPLORATION SCHEDULE Adzope – King Kong Geophysics, soils and auger drilling Testing anomalies Adzope – King Kong Diamond drilling Diamond drilling → Tengrela South Aircore drilling Adzope gold Adzope gold Geophysics, soils and aircore drilling Diamond drillin
Slide 19: 2025 Exploration Program and Budget
2025 EXPLORATION PROGRAM AND BUDGET Project Prospect Program Budget Adzope NE King Kong +5,000m diamond drilling $1,200,000 Ground geophysics, auger Adzope Regional Entire License sampling, stream sediment $750,000 sampling Tengrela South Tiogo and Kakologo +3,500m aircore drilling $350,000 TOTAL $2
Slide 20: Capital Structure DM1
CAPITAL STRUCTURE DM1 Company Shares Price Amount Market Capitalisation 267,425,693 2.2c $5.88 million Cash 31 December 2024 ~$1.00 million Enterprise Value $4.88 million Listed Options DM1O 57,692,308 6c 31 December 2025 Unlisted Options 12,500,000 6c - 6.25c 31 Dec to 22 Jan 2027 Other Unlisted Op
Slide 21: Board of Directors
BOARD OF DIRECTORS Patrick Flint Stephen Ross Fatou Gueye Chairman Managing Director Non-Executive Director Mr Flint is a qualified accountant and Stephen Ross is a geologist, Ms. Gueye is the Co-Founder and a member of the Australian Institute independent consultant and public Director of Sanu Gold
Slide 22: Investment Summary
INVESTMENT SUMMARY Six projects covering 2,475km2 in multi-million-ounce Birimian greenstone belts in the strongest jurisdiction in West Africa Gold low-cost JV agreements with attractive farm-in terms Focus on drilling at Adzope and Tengrela South First pass drilling returned 17m at 7.5g/t
Slide 23: Contact
CONTACT Stephen Ross Managing Director Desert Metals Limited +61 401 694 311 stephen.ross@desertmetals.com.au Slide 23 www.desertmetals.com.au
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