# DES: Quarterly Activities/Appendix 5B Cash Flow Report Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/des-quarterly-activities-appendix-5b-cash-flow-report--ca7856b0-6db6-4d4a-9f6d-565531c5c5b9 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03155934 Publisher: asx Original announcement: 2026-10-22T08:31:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-22T09:03:21.741Z Atlas analysis updated: 2026-10-22T09:03:21.741Z - 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 Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas 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 factor: recommencement of drilling at Timbakouna - Positive factor: expansion of power auger program by 200 holes - Positive factor: completion of airborne geophysical survey - Positive factor: securing of first ground package via DeSoto-Fortuna Alliance - Positive factor: strong cash position of A$7.74M - Negative factor: access constraints due to artisanal workings and wet season Facts used in scoring: 5 ## Classification and evidence **Nearology Play** Polarity: neutral Story-specific tag Definition: 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-02 [Link to this fact](https://atlas-staging.minestarters.com/news/des-quarterly-activities-appendix-5b-cash-flow-report--ca7856b0-6db6-4d4a-9f6d-565531c5c5b9#fact-drill-facts-0) Timbakouna · gold Historical result Needs review: historical\_restatement #### 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 factor: strong grade and width Evidence · text > 18m @ 11.8g/t Au from 48m \(NDI-02\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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-02 [Link to this fact](https://atlas-staging.minestarters.com/news/des-quarterly-activities-appendix-5b-cash-flow-report--ca7856b0-6db6-4d4a-9f6d-565531c5c5b9#fact-drill-facts-1) Timbakouna · gold Historical result Needs review: historical\_restatement #### 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 factor: bonanza grade Evidence · text > including 1m @ 78.84g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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-02 [Link to this fact](https://atlas-staging.minestarters.com/news/des-quarterly-activities-appendix-5b-cash-flow-report--ca7856b0-6db6-4d4a-9f6d-565531c5c5b9#fact-drill-facts-2) Timbakouna · gold Historical result Needs review: historical\_restatement #### 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 factor: strong grade Evidence · text > and 3m @ 40.4g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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-39 [Link to this fact](https://atlas-staging.minestarters.com/news/des-quarterly-activities-appendix-5b-cash-flow-report--ca7856b0-6db6-4d4a-9f6d-565531c5c5b9#fact-drill-facts-3) Timbakouna · gold Historical result Needs review: historical\_restatement #### 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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-15 [Link to this fact](https://atlas-staging.minestarters.com/news/des-quarterly-activities-appendix-5b-cash-flow-report--ca7856b0-6db6-4d4a-9f6d-565531c5c5b9#fact-drill-facts-4) Timbakouna · gold Historical result Needs review: ungrounded #### 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 factor: high grade Evidence · text > and 1m @ 54.1g/t Au from 5m \(NDI-15\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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.