Desert Metals Ltd. · ASX:DM1
Desert Metals — Investor Presentation (December 2023)
19 slides from Desert Metals's investor presentation, Dec 6, 2023
Slide 1: Desert Metals Acquisition of CDI Resources Limited
DESERT METALS ACQUISITION OF CDI RESOURCES LIMITED
Slide 2: Gold and Lithium Exploration in Côte d'Ivoire
GOLD AND LITHIUM EXPLORATION IN CÔTE D’IVOIRE
Slide 3: Disclaimer and Forward-Looking Statements
DISCLAIMER AND FORWARD-LOOKING STATEMENTS This presentation contains summary information about Desert Metals Limited (DM1 or the Company) and CDI Not an offer: This presentation is for information purposes only. The presentation does not comprise a Resources Limited (CDI). prospectus, product disclo
Slide 4: CDI Resources Transaction
CDI RESOURCES TRANSACTION Desert Metals Limited (DM1) is buying CDI Resources Limited for 75m shares DM1 will complete a capital raising of $3.75m led by CPS Capital Group Offer Structure Desert Metals Limited (ASX – DM1) is buying CDI Resources Limited (CDIR) for and Size 75 million ordinary full
Slide 5: Company Highlights
COMPANY HIGHLIGHTS 7 PROJECTS 2,769km2 exploration package CÔTE D’IVOIRE in multi-million-ounce Birimian greenstone belts Low-spend JV agreements on 7 gold and lithium projects Côte d’Ivoire emerging as a leading minerals developer in West Africa Experienced West African team Strong local partne
Slide 6: Project Highlights
Tengrela South gold project (Granted) PROJECT 01 • Advanced project with 5 immediate drill targets HIGHLIGHTS • • 28km from 1m ounce Perseus Sissingue gold mine Immediate drilling at Podio and Logbog Adzope gold (Application) 02 • +2km of continuous gold workings • Extensive alluvial operations on s
Slide 7: Côte d'Ivoire – Proven Mining Jurisdiction
CÔTE D’IVOIRE – PROVEN MINING JURISDICTION 8 operating gold mines Barrick, Endeavour, Favourable VAT and Duty Laws for Perseus, Tietto, Fortuna and Allied Gold exploration and mining. producing +2.0moz pa Major recent discoveries Endeavour, Centamin, Tietto, Variable royalties on gold price Roxgold,
Slide 8: 7 Projects in World Class Minerals District
7 PROJECTS IN WORLD CLASS MINERALS DISTRICT TENGRELA JV – NORTHERN CDI • Gold belt hosting over 20m ounces of gold. • 28km from Sissingue which processes 3rd party ore. ADZOPE GOLD JV • +2km of continuous alluvial gold workings • Significant artisanal activity south of the license area • 100km of Ab
Slide 9: Tengrela South
TENGRELA SOUTH 1 granted 5 drilled prospects permit covering Drilling at Podio 285 km2 and Logbog now Acquiring 80% +4,300m auger through AUD$1.45m program completed expenditure December 2022 Currently hold 51% 28km south and on- strike from Perseus Targeting JORC 1m ounce Sissingue Mineral Resource
Slide 10: Tengrela South
TENGRELA SOUTH Drilling results across 5 distinct prospects +4,000m auger drilling Logbog and Podio • Podio-Zinguinasso +2km long shallow mineralised zone • Logbog 5km long high-grade shallow intercepts Sissingue operating gold mine 30km north Shallow intercepts at Podio include - Podio • 8m at 30.0
Slide 11: Adzope Gold JV
ADZOPE GOLD JV • +2km long alluvial workings on license area • Very large target area • Large area of alluvial workings southern boundary Earning 80% for $1.45m Minimum $250k for 51% Same JV deal as Tengrela Exploration priorities • Low-strain pressure shadows near contact • Local splays off regiona
Slide 12: Agboville (Adzope West) Lithium JV
AGBOVILLE (ADZOPE WEST) LITHIUM JV 3 large application areas Earning 85% for $250k over 3 years Historical lithium and REE occurrences Distinct geophysical structures LAG and auger sampling Page 12
Slide 13: Kounahiri and Kounahiri West JV
30km KOUNAHIRI AND long gold-in- soil KOUNAHIRI WEST JV anomaly Earning 80% for $835k Minimum $190k for 40% 1 granted, 1 application 30km long soil anomaly in mineralised Birimian greenstones 391km2 granted permit central Côte d’Ivoire 327 auger holes for 2,540m to an (subject to renewal) average de
Slide 14: Vavoua and Vavoua West JV
VAVOUA AND 378km2 Permit Application VAVOUA WEST JV Earning 80% for $835k Minimum $190k for 40% Abujar 2 applications gold structure On strike, on same structure and mineralised Birimian greenstones as Tietto’s Abujar 3.3moz gold deposit 70km from Abujar Geophysics shows shear structure Same structu
Slide 15: Narryer Terrane Projects
NARRYER TERRANE PROJECTS o Rare earth elements discovery in shallow Dingo Pass clays at Innouendy Innouendy o New laterite nickel mineralisation at Innouendy o New PGE mineralisation at Innouendy o Blind and under cover copper-gold mineralisation at Belele o Encouraging host rocks and multiple new B
Slide 16: Capital Structure Post Transaction
CAPITAL STRUCTURE POST TRANSACTION Company Amount Price Valuation $ Amount % Held Desert Metals Limited 75,041,078 3.25c $2,438,835 28% CDI Resources Limited 75,000,000 3.25c $2,437,500 28% Capital Raising ~115,384,000 3.25c $3,750,000 44% Market Capitalisation ~265,425,000 3.25c $8,626,335 100% Cas
Slide 17: Exploration Schedule 2024
EXPLORATION SCHEDULE 2024 CÔTE D’IVOIRE AND WA EXPLORATION SCHEDULE Tengrela South Aircore drilling and soil sampling Tengrela South – Podio and Logbog 5,000m RC Drilling and Mineral Resource Adzope Gold (subject to grant) RC Drilling Narryer Terrane Target ranking and drill testing Agboville Lithiu
Slide 18: Investment Summary
INVESTMENT SUMMARY Significant 2,769km2 exploration package in multi-million-ounce Birimian greenstone belts Low-cost JV agreements with attractive farm-in terms over 7 projects • Drilling at Tengrela South • +2km long alluvial operations at Adzope JV • Mapped lithium occurrences at Adzope West • Va
Slide 19: Board of Directors and Contact
BOARD OF DIRECTORS* AND CONTACT Mark Stewart Robert Stuart Stephen Ross Chairman Managing Director Director BSc (Geology) FFin MAusIMM MAICD Mr Stewart has over 30 years of international Dr Stuart is a geoscientist who has worked in Stephen Ross is a geologist, independent legal and commercial exper
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