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Desert Minerals Limited was incorporated as a wholly owned subsidiary of Loyal Metals Limited (LLM) on 2 September 2024 in the state of Western Australia for the purpose of demerging of the the Scotty Lithium Project and the Mt Monger Projects.
The companies entered into the Demerger Implementation Deed, Scotty Lithium Agreement and Mt Monger Agreement whereby Desert Minerals will acquire a 51% interest in the Scotty Lithium Project and the entirety of LLM’s 80% interest in the Mt Monger Projects.
The Scotty Lithium Project covers 15.8 km2 and is located 189 km northwest of Las Vegas and 38 km northwest of Beatty, Nevada. The Scotty Lithium Project is prospective for lithium sediments and is adjacent to the existing Nevada Lithium Ltd (TSXV: NVLH) Bonnie Claire Project, with similar geology.
The Mt Monger Projects are located 40-55 km south-east of Kalgoorlie-Boulder in the Goldfields-Esperance region of Western Australia. The Mt Monger Projects lie within the Gindalbie Terrane of the Eastern Goldfields Granite–Greenstone Terrane, a subdivision of the Norseman–Wiluna Greenstone Belt which is part of the Archaean Yilgarn Craton.
Following its IPO, the Company will be an exploration and development company with a focus on developing the Scotty Lithium Project and the Mt Monger Projects.
It is anticipated that DSM will list on the ASX during October 2025.
www.desertminerals.com.au
The companies entered into the Demerger Implementation Deed, Scotty Lithium Agreement and Mt Monger Agreement whereby Desert Minerals will acquire a 51% interest in the Scotty Lithium Project and the entirety of LLM’s 80% interest in the Mt Monger Projects.
The Scotty Lithium Project covers 15.8 km2 and is located 189 km northwest of Las Vegas and 38 km northwest of Beatty, Nevada. The Scotty Lithium Project is prospective for lithium sediments and is adjacent to the existing Nevada Lithium Ltd (TSXV: NVLH) Bonnie Claire Project, with similar geology.
The Mt Monger Projects are located 40-55 km south-east of Kalgoorlie-Boulder in the Goldfields-Esperance region of Western Australia. The Mt Monger Projects lie within the Gindalbie Terrane of the Eastern Goldfields Granite–Greenstone Terrane, a subdivision of the Norseman–Wiluna Greenstone Belt which is part of the Archaean Yilgarn Craton.
Following its IPO, the Company will be an exploration and development company with a focus on developing the Scotty Lithium Project and the Mt Monger Projects.
It is anticipated that DSM will list on the ASX during October 2025.
Desert Minerals | ASX Lithium
Desert Minerals is an ASX Lithium Explorer identifying highly prospective American Lithium projects. Desert Minerals has identified strong mineralisation from near surface and close to the western edge of the Scotty project in Nevada, USA. Scotty has the potential to adopt a traditional...
www.desertminerals.com.au
