Desert Metals Ltd. · ASX:DM1
Desert Metals — 121 Mining Investment London (May 2024)
19 slides from Desert Metals's conference presentation, May 15, 2024
Slide 1: Desert Metals Limited
JY) DESERT METALS Limited
Slide 2: Gold and Lithium Exploration in Côte d'Ivoire and Western Australia
For personal use only GOLD AND LITHIUM EXPLORATION IN CÔTE D’IVOIRE AND WESTERN AUSTRALIA www.desertmetals.com.au
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). 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 4: Company Highlights Projects
COMPANY HIGHLIGHTS 7 PROJECTS CÔTE D’IVOIRE For personal use only 7 gold and lithium projects covering 2,769km2 All low-spend JV agreements Côte d’Ivoire delivering the leading gold projects in West Africa Priority Tengrela South and Adzope gold projects Page 4 www.desertmetals.com.au
Slide 5: 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 For personal use only Fortuna and Allied Gold producing for exploration and mining +2.0moz pa Major recent discoveries Variable royalties on gold price Endeavour, Centa
Slide 6: Project Highlights
PROJECT 01 Tengrela South gold project (Granted) • Advanced project with 5 immediate drill targets HIGHLIGHTS • 28km from 1m ounce Perseus Sissingue gold mine For personal use only 02 Adzope gold (Application) • +2km of continuous gold workings • Extensive alluvial operations on southern boundary 03
Slide 7: For personal use only
For personal use only Page 7 www.desertmetals.com.au
Slide 8: Tengrela South
TENGRELA SOUTH For personal use only 1 granted permit 5 drilled prospects covering 285 km2 Earning 80% for +1,500m RC program AUD$1.45m expenditure Podio May 2024 Currently hold 51% 28km south and on-strike Targeting JORC Perseus 1m ounce Mineral Resource at Sissingue gold mine Podio Page 8 www.dese
Slide 9: Tengrela South
TENGRELA SOUTH Drilling results across 5 distinct For personal use only prospects > Podio +1,500m RC drilling • Podio-Zinguinasso +2km long shallow zone • Logbog 5km long high-grade shallow intercepts Targeting Podio JORC Mineral Resource for potential processing at Sissingue Shallow intercepts at P
Slide 10: Adzope Gold JV
ADZOPE GOLD JV (Application) • +2.2km2 alluvial target area for drilling • Five artisanal pits mining +120m wide For personal use only gold-bearing quartz veins • Large area of alluvial workings southern boundary Earning 80% for $1.45m Minimum $250k for 51% Same JV deal as Tengrela IMMEDIATE EXPLORA
Slide 11: Agboville Lithium JV
AGBOVILLE LITHIUM JV For personal use only 2 large application areas Earning 85% for $250k over 3 years Historical lithium and REE occurrences Distinct geophysical structures LAG and auger sampling Page 11 www.desertmetals.com.au
Slide 12: Kounahiri and Kounahiri West JV
KOUNAHIRI AND Earning 80% for $835k KOUNAHIRI WEST JV Minimum $190k for 40% For personal use only 2 applications Kounahiri Kounahiri West Next to recent African Gold (ASX-A1G) discovery Vavoua Project Vavoua West Geophysics shows shear structure passing Abujar gold structure directly through Kounahi
Slide 13: Vavoua and Vavoua West JV
Earning 80% for $835k VAVOUA AND Minimum $190k for 40% VAVOUA WEST JV 2 applications For personal use only 378km2 Permit On strike, on same structure and mineralised Birimian Application greenstones as Tietto’s Abujar 3.3moz gold deposit Vavoua Project Vavoua West Geophysics shows shear structure pa
Slide 14: Capital Structure
CAPITAL STRUCTURE Company Shares Price Amount For personal use only Market Capitalisation 265,425,693 2.0c $5.31 million Cash at 31 March 2024 $3.45 million Enterprise Value $1.86 million Listed Options ~57,692,000 6c 31 December 2024 Unlisted Options 12,500,000 6c - 6.25c 3-year expiry Other Unlist
Slide 15: Exploration Schedule 2024
EXPLORATION SCHEDULE 2024 CÔTE D’IVOIRE AND WA EXPLORATION SCHEDULE For personal use only Tengrela South Aircore drilling and soil sampling Tengrela South – Podio 1,500m RC Drilling Adzope Gold (subject to grant) RC Drilling Narryer Terrane – Western Australia Target ranking and exploration Agbovill
Slide 16: Narryer Province Projects Western Australia
NARRYER PROVINCE PROJECTS WESTERN AUSTRALIA Rare earth elements discovery in shallow clays at Innouendy For personal use only New laterite nickel mineralisation at Innouendy New PGE mineralisation at Innouendy Blind and undercover copper-gold mineralisation at Belele Innouendy Encouraging host rocks
Slide 17: Investment Summary
INVESTMENT SUMMARY 7 projects covering 2,769km2 in multi- million-ounce Birimian greenstone belts in For personal use only the strongest jurisdiction in West Africa Gold and lithium low-cost JV agreements with attractive farm-in terms • Drilling at Tengrela South and Adzope • +2.2km2 long alluvial o
Slide 18: Board of Directors
BOARD OF DIRECTORS Mark Stewart Stephen Ross Robert Stuart Patrick Flint For personal use only Cha i rman Ma na gi ng Di rector N on – Executi ve Di rector N on – Executi ve Di rector Mr Stewart has over 30 years of Stephen Ross is a geologist, Dr Stuart is a geoscientist who Mr Flint is a qualified
Slide 19: Contact
For personal use only CONTACT Stephen Ross Managing Director Desert Metals Limited +61 401 694 311 stephen.ross@desertmetals.com.au Page 19 www.desertmetals.com.au
Desert Metals — 121 Mining Investment London (May 2024) on 6ix