Desert Metals Limited - Soil sampling results identify significant gold anomalies at Tengrela South, Cote d'Ivoire

About this update from Desert Metals Ltd.

Desert Metals Limited ( Desert Metals , DM1, or the Company) is pleased to report the results of soil sampling at the Tiogo and Kakologo prospects in the northern areas of the Tengrela South project in northern Cote d'Ivoire . Desert Metals collected 1,646 soil samples over 18km2 to test the historical, wide-spaced, gold-in-soil auger anomaly previously defined at Tiogo and Kakologo, and to define areas for drill testing. Desert Metals Managing Director Stephen Ross said: 'Our soil sampling at Tiogo and Kakologo has returned significant gold anomalism over +2km and +3km parallel corridors by highlighting the north-south structures that typically host gold mineralisation in this Birimian gold belt. Significant high-grade surface samples of up to 32.7g/t gold and 12.6g/t gold from cross-cutting shoots also highlight these gold anomalies as high-priority targets for aircore drilling. The Tiogo gold corridor is interpreted as the northern extension of the mineralised Podio structure, 12km to the south, where Desert Metals is currently drilling. With these new targets in the central and northern areas of the Tengrela South permit, and the recently granted Adzope licence, we have numerous drilling targets for the upcoming quarter and beyond.' The soil sampling results at Tiogo and Kakologo returned two distinct, parallel, north-south +100 ppb gold anomalies; being the 3.6km western Tiogo anomaly and the 2.1km long eastern Kakologo anomaly. These +3km and +2km parallel gold corridors highlight the north-south structures that typically host gold mineralisation in this Birimian gold belt. Soil sampling also returned 16 high-grade results over 1.0g/t (1,000pbb) gold with peak soil assays of 32.7g/t gold, 12.6g/t gold and 7.84g/t gold. This high-grade soil sampling data suggests the presenceof cross-cutting, high-grade shoots at surface oriented approximately northeast-southwest at regular intervals along these two highly anomalous gold corridors which trend into the Podio prospect, 12km to the south. Contact: Stephen Ross Managing Director Tel: +61 8 9383 9997 Email: [email protected] Kristin Rowe Investor Relations Tel: +61 0404 889 896 Email: [email protected] About Desert Metals Limited Desert Metals Limited is an ASX-listed (ASX:DM1) mineral exploration and development company. DM1 has the right to earn a majority interest under low-cost joint venture arrangements in seven gold and lithium projects covering 2,769km-2 of granted mineral permits and permit applications in Cote d'Ivoire , West Africa . DM1 currently owns 51% of the Tengrela South project 30km south of the operating Sissingue gold mine and is earning 80% of the highly prospective Adzope gold project. DM1 also has a variety of nickel, copper, and base metal-focused projects in the Narryer Terrane of the northwest Yilgarn Craton and, high-grade Rare Earth Elements (REEs) and Platinum Group Elements (PGEs) at its Innouendy Project in Western Australia . Competent Persons Statement The information in this announcement that relates to Exploration Results is based on, and fairly represents, information and supporting documentation prepared by Stephen Ross , a competent person who is a Member of The Australasian Institute of Mining and Metallurgy . Mr Ross has a minimum of five years' experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves. Mr Ross is a related party of the Company, being a Director, and holds securities in the Company. Mr Ross has consented to the inclusion in this announcement of the matters based on his information in the form and context in which it appears (C) 2024 Electronic News Publishing, source ENP Newswire

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