Desoto Makes a Bold Move with Strategic Gold Acquisition in Guinea

Desoto Resources has made a significant acquisition of 1,234 km in the Siguiri Basin, a historically rich but underexplored region in Guinea, comprising fourteen prospective gold projects. The acquisition has bolstered the company’s stock performance and attracted attention, leveraging the expertise of key players from the notable Bankan gold discovery. Concurrently, Lightning Minerals has progressed with a lithium drilling campaign at its Esperana project in Brazil, targeting high-grade spodumene deposits. The company plans further exploration activities in 2025. Reach Resources reports promising assay results from the Murchison South Gold Project in Australia, indicating potential for economically viable open-pit mining operations. Additionally, Sheffield Resources reports resumed operations of its Thunderbird mineral sands mine post-cyclone disturbance, while exceeding its zircon shipment forecast for the quarter. These developments reflect a dynamic landscape of exploration and production across the mining sector.