DESERT METALS SECURES KEY PERMIT IN CÔTE D’IVOIRE

Exploration to Begin at Adzope Gold Project

Desert Metals Limited (ASX:DM1) has been granted exploration licence PR0960 for the Adzope Gold Project in Côte d’Ivoire, West Africa, in partnership with African Ressources SARL. Desert Metals is earning up to an 80% interest in this key project.

The granted exploration permit covers 228.56 km² and is valid for 12 years, with three 4-year renewals. The permit includes a +2 km-long sequence of artisanal gold operations in the northeast, providing an immediate exploration target. Drilling and sampling at Adzope are set to commence in August 2024, with Desert Metals well-funded to accelerate these activities.

Desert Metals Managing Director Stephen Ross stated:

The granting of the Adzope license is a significant step forward in our plans to discover and develop multi-million-ounce gold deposits in Côte d’Ivoire. Desert Metals is excited to be planning our initial gold exploration activities at Adzope, as the project has never been subject to modern gold exploration. Extensive and broad alluvial gold mineralisation is evident across the entire permit area, including multiple deeper pits that appear to be small scale mining of in situ bedrock-hosted quartz veins. Desert Metals would like to acknowledge the support of the Ministry of Mines, Petroleum and Energy with the granting of this exploration licence.

There is a +2 km long sequence of artisanal gold operations in the northeast of the licence and this provides an extensive and immediate target for exploration and drilling. We confirmed this target during recent reconnaissance visits to the project earlier this year.

Now that the exploration licence has been received we are making final preparations to commence soil sampling followed by drilling programs, which will mark the start of what we expect to be a busy H2 CY2024 as our exploration in Côte d’Ivoire continues to ramp up.

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