Desert Metals Limited (DM1.AX)
Desert Metals Limited operates in the Industrial Materials industry of the Basic Materials sector, headquartered in Mount Hawthorn, WA, AU. The stock last traded at $0.01, up 0.00% on the session, giving a market capitalisation of $5.4M. Its beta of 0.21 implies it has historically moved less than the broad market.
Established in 2017 and headquartered in Perth, Australia, Desert Metals Limited is an Australian mineral exploration company dedicated to discovering a diverse range of valuable mineral deposits. Its primary focus encompasses commodities such as nickel, copper, gold, lead, zinc, chromium, rare earth elements (REEs), and platinum group elements (PGEs). The company's project portfolio includes a significant interest in the Narryer project, which incorporates nine granted exploration licenses spanning approximately 1,600 square kilometers on the northwestern edge of Western Australia's Yilgarn Craton. Additionally, Desert Metals holds full ownership of the Innouendy project, alongside other key ventures like the Irrida Hill Nickel project, Dingo Pass, the Opal Bore Gold project, the Hooper project, and the Belele project.
Desert Metals Limited is most often compared with the following Basic Materials names: