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DeSoto Resources (ASX: $DES) issues correction to previous announcements

DeSoto Resources correction announcement


DeSoto Resources Limited (ASX: $DES) has issued a correction to previous announcements, providing clarifications regarding two recent announcements. The company retracted a cautionary statement from the 'Acquisition of High-Grade Rare Earths Project in the NT' announcement and confirmed the adoption of historical results as accurate. Additionally, the '2024 Exploration Season Underway in the Northern Territory' announcement did not report any new exploration results, and all historical results were previously reported on 29 May 2024. The release also includes a Competent Persons Statement by Ms Bianca Manzi, an employee of the company, regarding exploration results.

Executive Commentary


The company has taken the necessary steps to rectify and clarify certain aspects of the previous announcements. We want to ensure that our investors have accurate and reliable information to base their investment decisions on. The retraction of the cautionary statement and the confirmation of historical results reflect our commitment to transparency and integrity in our reporting. We also appreciate Ms Bianca Manzi's expertise and her role in providing the Competent Persons Statement, which adds further credibility to our exploration results.

Summary of DeSoto Resources Announcement


DeSoto Resources Limited (ASX: $DES) has issued a correction to previous announcements, emphasizing the retraction of a cautionary statement and the adoption of historical results as accurate. The company also confirmed that no new exploration results were reported in the recent announcement, and all historical results were previously disclosed. The Competent Persons Statement provided by Ms Bianca Manzi adds credibility to the exploration results. The company's commitment to transparency and reliability in reporting is evident through these clarifications. Looking ahead, DeSoto Resources aims to continue providing accurate and verified information to support informed investment decisions.

DESOTO RESOURCES LIMITED
DES | ASX | Materials
0.105-0.005(-4.55%)
At close 30/07 (AEDT)
Market cap
$10.2M
Volume
26,315
DY Yield
0
PE Ratio
0
52 Week Range
0.065 - 0.17
1YR Return
N / A

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