DeSoto Resources
DeSoto Resources is an ASX-listed junior mineral exploration company targeting gold, lithium and rare earth element deposits across Guinea's Siguiri Basin and Australia's Northern Territory. Its portfolio spans roughly 1,579 km² of tenements advanced via conventional drilling and geophysical survey techniques.
- Company typePublic
- Founded2022
- HeadquartersEnglish's Corner, Australia
- Headcount1–10
- GTM typeB2B
- OfferingServices
What DeSoto Resources does
DeSoto Resources Limited is an ASX-listed (ASX:DES) junior mineral exploration company founded in 2022 and headquartered in Daglish, Western Australia. The company explores for gold, lithium and rare earth element (REE) deposits across two primary jurisdictions: Guinea's Siguiri Basin and the Northern Territory of Australia. Its asset portfolio comprises the Guinea Gold Portfolio (15 gold projects covering 1,234 km² in the Siguiri Basin plus 3 additional projects in the Gaoual Gold Belt), the Fenix Lithium-Gold Project (a 345 km² land position in the Pine Creek Pegmatite Field), the Fenton Gold Project (covering a 55 km strike length of the Fenton Shear Zone), and the Spectrum REE Project (featuring a historical high-grade REE intercept of 50m @ 1.55% TREO). The portfolio is being advanced through soil/stream sampling, auger drilling, diamond drilling, airborne electromagnetic surveys and conventional geophysical/geochemical interpretation.
The company's distinguishing characteristic is its senior leadership team, recruited almost entirely from Predictive Discovery (ASX:PDI): Executive Chairman Paul Roberts (PDI founder/CEO 2007–2021 and discoverer of the Bankan Gold Project), Managing Director Chris Swallow (former CEO of BPM Minerals and Corporate Development Officer at PDI and Minbos Resources), Non-Executive Director Dr Barry Murphy (a Bankan Gold discovery team member), and Exploration Manager (Africa) Aimé Nganare (former PDI Principal Geologist with 18+ years of West African orogenic gold experience). Aimé Nganare personally identified the Guinea properties that DeSoto went on to stake, which the company cites as direct evidence of its exploration team's credentials.
DeSoto is pre-revenue and generates no operating income. Its revenue mechanics depend entirely on capital raising via the ASX and the eventual realisation of mineral discoveries through sale, joint venture, or production. There are no operating customers; the customer base comprises public-market investors in an ASX-listed exploration equity. Pricing is not applicable to the business model at the current exploration stage.
DeSoto Resources firmographics
Firmographics- Name
- DeSoto Resources
- Legal name
- DeSoto Resources
- Website
- https://desotoresources.com
- Company type
- Public
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- DeSoto Resources is an ASX-listed junior mineral exploration company targeting gold, lithium and rare earth element deposits across Guinea's Siguiri Basin and Australia's Northern Territory. Its portfolio spans roughly 1,579 km² of tenements advanced via conventional drilling and geophysical survey techniques.
- Ownership category
- akta.pro rank
DeSoto Resources industry classification
Industry- Product category
- Mineral Exploration
- NAICS
- Gold Ore and Silver Ore Mining (212220), Metal Ore Mining (2122), Geophysical Surveying and Mapping Services (541360)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Precious Metals Exploration & Project Development (IMAKAEAI)
- akta.pro secondary industries
- Gold Mining (IMAKAEAA), Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)
Keywords
Where DeSoto Resources is headquartered
LocationHeadquarters
- HQ city
- English's Corner
- HQ country
- Australia
- HQ region
- Oceania
Offices2 records
Markets served
DeSoto Resources business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Distribution channels2 records
Marketing channels4 records
DeSoto Resources product offering
Product offeringCore offering
DeSoto Resources is an ASX-listed mineral exploration company that explores for and develops gold and critical mineral projects through surveys and drilling programs. Its portfolio includes the Guinea Gold Portfolio in the Siguiri Basin and Gaoual Gold Belt, the Fenix Lithium-Gold and Fenton Gold Projects in Australia's Northern Territory Pine Creek region, and the Spectrum REE Project targeting rare earth elements. The company generates value by advancing exploration tenements toward resource definition.
Product overview
DeSoto Resources is a gold and critical minerals exploration company with a portfolio of exploration projects spanning Guinea (West Africa) and the Northern Territory (Australia). The company's product portfolio comprises four named exploration projects: the Guinea Gold Portfolio (15 gold projects covering 1,234 km² in the Siguiri Basin plus 3 projects in the Gaoual Gold Belt), the Fenix Lithium-Gold Project (345 km² lithium-gold tenements in Pine Creek Pegmatite Field), the Fenton Gold Project (three granted tenements along the Fenton Shear Zone), and the Spectrum REE Project (rare earth elements and base metals within the Fenton trend). These projects represent the company's core exploration assets and service offerings.
Differentiator
Problem solved
Functional benefit
Products and services
- Guinea Gold Portfolio Gold exploration portfolio comprising 15 projects totaling 1,234 km² in Guinea's Siguiri Basin and 3 additional projects in the Gaoual Gold Belt, targeting +1Moz deposits similar to AngloGold Ashanti's Siguiri mine and Nordgold's Lefa mine. Intended for mining companies and investors seeking exposure to West African gold discoveries.
- Fenix Lithium-Gold Project Large 345 km² land position within the Pine Creek Pegmatite Field in Northern Territory, featuring three 100%-owned and granted tenements with lithium and gold exploration potential targeting the lithium 'goldilocks zone' within 2km of mapped granites and BIF-systems.
- Fenton Gold Project Three granted tenements and three applications (all 100%-owned) covering a 55km strike length of the Fenton Shear Zone in the Pine Creek region of the Northern Territory, with significant historical gold intercepts including 55m @ 0.88g/t Au (incl. 20m @ 1.74g/t Au, max 8.55g/t Au) from Homestake-era drilling.
- Spectrum REE Project Rare earth elements project strategically located within the Fenton Project area in the Northern Territory, featuring historical high-grade REE discovery (50m @ 1.55% TREO, incl. 12m @ 4.51% TREO) and the Vesper base-metals prospect with a large untested EM anomaly.
Quantifiable outcome
- 1,234 km² land holding with high-grade targets
- +3 more outcomes
Companies that use DeSoto Resources
Customer profileSegments1 record
Ideal customer profiles1 record
DeSoto Resources technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
DeSoto Resources partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Predictive Discovery (ASX:PDI)coreDeSoto's team originated from Predictive Discovery, including former founder, managing director, chief geologist, principal geologist and head of corporate development. DeSoto's Siguiri Basin properties were identified by Aimé Nganare, former Principal Geologist at PDI. The board was responsible for the discovery of the Bankan Gold Project in Guinea.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
DeSoto Resources competitors and assessment
Company assessmentMarket position
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
DeSoto Resources social profiles
Digital presenceDeSoto Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
DeSoto Resources leadership team
Management profileNumber of profiles
Profiles4 records
DeSoto Resources funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DeSoto Resources M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about DeSoto Resources
What does DeSoto Resources do?
DeSoto Resources is an ASX-listed mineral exploration company that explores for and develops gold and critical mineral projects through surveys and drilling programs. Its portfolio includes the Guinea Gold Portfolio in the Siguiri Basin and Gaoual Gold Belt, the Fenix Lithium-Gold and Fenton Gold Projects in Australia's Northern Territory Pine Creek region, and the Spectrum REE Project targeting rare earth elements. The company generates value by advancing exploration tenements toward resource definition.
Is DeSoto Resources a public or private company?
DeSoto Resources is a public company. It is classified as public and is currently operating.
When was DeSoto Resources founded?
DeSoto Resources was founded in 2022. It employs 1 to 10 people.
Where is DeSoto Resources based?
DeSoto Resources is headquartered in English's Corner, Australia, in the Oceania region.
Does DeSoto Resources have an API?
No public API is recorded for DeSoto Resources.
What industry is DeSoto Resources in?
DeSoto Resources's product category is Mineral Exploration. Its primary akta.pro industry code is IMAKAEAI, Precious Metals Exploration & Project Development, with a secondary code of IMAKAEAA, Gold Mining. Its NAICS code is 212220 and its SIC code is 1040.