Desoto Resources Ltd. · ASX:DES
Desoto Resources — Merger or Acquisition (May 2024)
21 slides from Desoto Resources's merger presentation, May 30, 2024
Slide 1: Acquisition of High-Grade Rare Earths Project in the NT's Emerging Critical Minerals Province
ACQUISITION OF HIGH-GRADE RARE EARTHS PROJECT IN THE NT’S EMERGING CRITICAL MINERALS PROVINCE Creating a Diversified Critical Minerals Company Acquisition Presentation | May 2024 ASX:DES | desotoresources.com 1
Slide 2: Important Notices & Disclaimer
Important Notices & Disclaimer These presentation materials and any accompanying verbal presentation (together, the Presentation Materials) have been prepared by DeSoto Resources Limited (Company) as at 29 May 2024 and statements are current only as at that date. reports, estimates and conclusions c
Slide 3: Why Desoto?
Why Desoto? An emerging diversified critical minerals explorer Exposure Value Team Critical Minerals & Precious Metals $6.0M Cash Reserves Proven Discovery Team: Exposure 89M Shares Issued Discovered 5.4Moz Bankan Focus on Rare Earth Elements Low Enterprise Value Gold Project (REE) & Manganese 3
Slide 4: DES Capital Structure
DES Capital Structure 88.9m $8.5m 80.05m $2.5m Shares on Issue Market Cap Options Enterprise Value (Fully diluted) As of 29th May 2024 44
Slide 5: High-Grade REE Acquisition
High-Grade REE Acquisition DES acquires Spectrum REE Project within existing Fenton Project Spectrum Project: Introduction Historic and High-Grade REE Discovery 50m @ 1.55% TREO, incl. 12m @ 4.51% TREO (14.9% Nd/Pr)* Large and untested EM Anomaly Potential for a large base-metals mineralised system
Slide 6: Board & Management
Board & Management Technically-driven Board with a record of identifying globally significant mineral projects Paul Roberts Chris Swallow Dr Barry Murphy Bianca Manzi Nick Payne Non-Executive Chair Managing Director Non-Executive Director Exploration Manager Geology Manager Nick Payne has over 25 ye
Slide 7: Spectrum Project
Spectrum Project Discovered before Rare Earth Elements were ”a thing” Project Background • Strategically located inside the existing Fenton Project • REE’s discovered during historic uranium-focused drilling • Drilling completed before REEs were recognised as a valuable critical mineral opportunity
Slide 8: Knock-out Exploration Targets
Knock-out Exploration Targets One strongly mineralised trend • High-grade REEs over 350m of strike Quantum REE-Au-Ag • Good widths (+20m intersections) Prospect • Mineralisation open to the north and south Extension drilling to target shallower repeats of REE mineralisation • located 1.5km from Quan
Slide 9: Quantum, drilled for Uranium, intersected high-grade REE's
Quantum, drilled for Uranium, intersected high-grade REE’s High-grade historic REE intersections present a strong walk-up exploration target* HoleID TREO* Au Ag TDD8 50m @ 1.55% TREO from 245m 13m @ 0.49 g/t Au from 247m 13m @ 1.78 g/t Ag from 247m incl. 12 @ 4.51% TREO from 246m 8m @ 0.13 g/t Au fr
Slide 10: Quantum REE Project, open to the North and South
Quantum REE Project, open to the North and South Exploration to target shallow REE repetitions with step-out and infill drilling *ASX Announcement: Acquisition of high-grade rare earths project in the NT (29th May 2024) ASX:DES 10
Slide 11: Quantum REE Project
Quantum REE Project Cross-sections highlight potential for down dip extensions and step out repetitions *ASX Announcement: Acquisition of high-grade rare earths project in the NT (29th May 2024) ASX:DES 11
Slide 12: Quantum REE Mineralogy and Testwork
Quantum REE Mineralogy and Testwork All-important mineralogy includes higher grade REE minerals within a favourable environment, suggests advantageous mineral processing options Limited metallurgy and testwork • 5 samples from one drillhole (TDD8) revealed a robust hydrothermal vein and alteration s
Slide 13: Vesper Prospect: the best EM anomaly on the Fenton trend
Vesper Prospect: the best EM anomaly on the Fenton trend All the hallmarks of a large base-metals system Vesper the most exciting pure greenfields exploration in the Territory • Large, shallow and untested EM and magnetic anomaly with supporting soil geochemistry • located within 1.5km from the REE
Slide 14: Fenton Gold Project
Fenton Gold Project DES 2023 AEM survey dropping out numerous high-value targets Fenton High Priority Gold Targets • AEM identified large EM anomalies in interpreted anticline positions at Fenton North and South – FMD0004 potential Cosmo Howley style gold targets under cover • New targets untested b
Slide 15: REE: Inelastic supply coupled with growing demand
REE: Inelastic supply coupled with growing demand SUPPLY: Inelastic DEMAND: Rising Geographic Concentration: Major supplies are centralised in limited regions, Technological Advancements: Significant growth in wind turbines, robotics, predominantly in China, creating challenges in scaling production
Slide 16: REE's: The ultimate critical and strategic minerals
Green Economy Policy Focus: Competition in the green economy has REE’s: The ultimate critical and become central to global policy making, aiming to capitalise on the economic benefits of the energy transition. strategic minerals Rare Earths Spotlight: Due to their critical role in green technologies
Slide 17: Manganese Sulphate Project
Manganese Sulphate Project DeSoto now undertaking project due diligence in Brazil on advanced and greenfield Mn Projects DES 12-month global search for high-grade Manganese • Little systematic global greenfield manganese exploration • DES undertaking a review of tropical belts with active lateritisa
Slide 18: Manganese Sulphate Project
Manganese Sulphate Project DES completing due diligence on Mn Projects suitable for HPMSM production Upon Discovery, the Company will complete Resource and Feasibility Studies • Move quickly to drill out resource • Undertake feasibility studies • Align downstream HPMS opportunities • Commence offtak
Slide 19: Doubling down in the Territory and beyond
Doubling down in the Territory and beyond DES on the right side of the Lassonde Curve with EV/MC leveraged to exploration success and its strong cash balance RIGHT ACQUISITION Spectrum delivers excellent exploration targets RIGHT COMMODITY EXPOSURE REE, base-metal and Mn markets RIGHT JURISTICTION S
Slide 20: For further information please contact
For further information please contact: Managing Director Chris Swallow E: cs@desotoresources.com P: +61 412 174 882 ASX:DES | desotoresources.com 20
Slide 21: Right Geology & Mineralisation
Right Geology & Mineralisation Pine Creek Region Geology Hosted within the Pine Creek Geosyncline which is a mid-Proterozoic sequence of marine sediments intruded by a suite of granites Regionally, known mineralisation primarily hosted within Pine Creek Shear Pine Creek Project located on parallel s