Australian (ASX) Stock Market Forum

DES - Desoto Resources

27 June 2010
DeSoto Resources Limited is a precious and battery-metal exploration Company with a 1,887km2 landholding located in the Northern Territory’s prolific Pine Creek gold and pegmatite province.

The Company's projects lie in the Northern Territory’s Pine Creek Orogen, with reported resources of over 17 million ounces of gold, following initial discovery from a hole dug during construction of the overland telegraph line in the 1870’s.

A number of development projects are well advanced towards potential production in the Pine Creek Orogen, including a high-grade underground project at Toms Gully, the 9-million-ounce Mount Todd gold project near Katherine, and the polymetallic Hayes Creek project.

It is anticipated that DES will list on the ASX during December 2022.

Listing date16 December 2022 ; 1:30 PM AEDT ##
Company contact details
Ph: +61 08 6149 7516
Principal ActivitiesMineral exploration
GICS industry groupTBA
Issue Price $0.20
Issue TypeOrdinary Fully Paid Shares
Security codeDES
Capital to be Raised$12,000,000
Expected offer close date10 November 2022
UnderwriterNot underwritten. PAC Partners Securities Pty Ltd and DealAccess Pty Ltd (Joint Lead Manager).