DES: Quarterly Activities/Appendix 5B Cash Flow Report
Original announcement by asx on
- Company
- DeSoto Resources Limited
- Ticker
- DES
- Exchange
- ASX
- Region
- Guinea
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Other, Drill results
- Extracted
- 2026-10-22 09:03:22 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
DeSoto Resources has recommenced drilling at the Timbakouna Gold Project in Guinea following a temporary pause. The company also completed an airborne geophysical survey and expanded its power auger program, while securing its first ground package through the DeSoto-Fortuna Alliance.
Reasoning: The report details operational progress, including the restart of drilling and completion of geophysical surveys, but does not contain new assay results.
Positive factors
- recommencement of drilling at Timbakouna
- expansion of power auger program by 200 holes
- completion of airborne geophysical survey
- securing of first ground package via DeSoto-Fortuna Alliance
- strong cash position of A$7.74M
Negative factors
- access constraints due to artisanal workings and wet season
Facts used in scoring: 5
Classification and evidence
Nearology Playneutral · Story-specific tag
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: The company is targeting artisanal workings and historic intercepts to define new targets.
Evidence · text
“targeting more than 6km of semi-continuous artisanal gold workings and historic intercepts”
Extracted facts
Stored fact records: 5. Some facts used in scoring do not have a stored record.
Drill Results (5)
NDI-02Timbakouna · goldGrade: 11.8Grade Unit: g/tIntercept: 18 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- NDI-02
- Project
- Timbakouna
- Commodity
- gold
- Region
- guinea
- Reported Region
- guinea
- Ticker
- DES
Geometry
- Grade
- 11.8
- Grade Unit
- g/t
- Intercept
- 18 m
Classification
- Sample Type
- drill
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-10-22T00:00:00.000Z
Reasoning: Historical intercept reported as context for current targeting.
Positive factors
- strong grade and width
Evidence · text
“18m @ 11.8g/t Au from 48m (NDI-02)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Yarakoura is a particular focus given its position within the interpreted north- south Siguiri Gold Mineralisation Trend"
NDI-02Timbakouna · goldGrade: 78.84Grade Unit: g/tIntercept: 1 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- NDI-02
- Project
- Timbakouna
- Commodity
- gold
- Region
- guinea
- Reported Region
- guinea
- Ticker
- DES
Geometry
- Grade
- 78.84
- Grade Unit
- g/t
- Intercept
- 1 m
Classification
- Sample Type
- drill
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-10-22T00:00:00.000Z
Reasoning: Historical high-grade intercept reported as context.
Positive factors
- bonanza grade
Evidence · text
“including 1m @ 78.84g/t Au”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Yarakoura is a particular focus given its position within the interpreted north- south Siguiri Gold Mineralisation Trend"
NDI-02Timbakouna · goldGrade: 40.4Grade Unit: g/tIntercept: 3 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- NDI-02
- Project
- Timbakouna
- Commodity
- gold
- Region
- guinea
- Reported Region
- guinea
- Ticker
- DES
Geometry
- Grade
- 40.4
- Grade Unit
- g/t
- Intercept
- 3 m
Classification
- Sample Type
- drill
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-10-22T00:00:00.000Z
Reasoning: Historical intercept reported as context.
Positive factors
- strong grade
Evidence · text
“and 3m @ 40.4g/t Au”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Yarakoura is a particular focus given its position within the interpreted north- south Siguiri Gold Mineralisation Trend"
NDI-39Timbakouna · goldGrade: 10.6Grade Unit: g/tIntercept: 4 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- NDI-39
- Project
- Timbakouna
- Commodity
- gold
- Region
- guinea
- Reported Region
- guinea
- Ticker
- DES
Geometry
- Grade
- 10.6
- Grade Unit
- g/t
- Intercept
- 4 m
Classification
- Sample Type
- drill
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-10-22T00:00:00.000Z
Reasoning: Historical intercept reported as context.
Evidence · text
“4m @ 10.6g/t Au from 33m (NDI-39)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Yarakoura is a particular focus given its position within the interpreted north- south Siguiri Gold Mineralisation Trend"
NDI-15Timbakouna · goldGrade: 54.1Grade Unit: g/tIntercept: 1 mHistorical resultNeeds review: ungroundedView all detailsHide details
Identity
- Hole ID
- NDI-15
- Project
- Timbakouna
- Commodity
- gold
- Region
- guinea
- Reported Region
- guinea
- Ticker
- DES
Geometry
- Grade
- 54.1
- Grade Unit
- g/t
- Intercept
- 1 m
Classification
- Sample Type
- drill
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- ungrounded
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-10-22T00:00:00.000Z
Reasoning: Historical high-grade intercept reported as context.
Positive factors
- high grade
Evidence · text
“and 1m @ 54.1g/t Au from 5m (NDI-15)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Yarakoura is a particular focus given its position within the interpreted north- south Siguiri Gold Mineralisation Trend"
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.