Desoto Resources Ltd. (AU:DES) has released an update.
DeSoto Resources Ltd. has expanded its portfolio by acquiring the high-grade Spectrum Project within the Fenton Gold Project area, targeting Rare Earth Elements (REE), copper, and gold. The historic drilling results from Territory Uranium Company have revealed extensive REE potential, with DeSoto rapidly advancing due diligence and data review, significantly extending the project’s prospective strike length. The move aligns with Australia’s strategic minerals strategy and has garnered government support, with no environmental or Aboriginal land claims affecting the project.
For further insights into AU:DES stock, check out TipRanks’ Stock Analysis page.
