Desert Metals Limited (ASX: DM1) is an Australian mineral exploration company focused on the discovery and development of base and precious metals deposits, primarily copper, gold, and nickel. The company holds interests in advanced exploration projects in the Paterson Province of Western Australia, including the NGUI Project and the La Mascota Project in Peru; it conducts drilling programs, geophysical surveys, and resource delineation activities to advance its tenements toward potential mining operations. Founded in 2020 and headquartered in West Perth, Australia, Desert Metals targets institutional and retail investors in the resources sector with operations centered in Australia and South America. In recent developments, the company completed a capital raising initiative in late 2024 to fund expanded drilling at its key projects and announced positive assay results from ongoing exploration at NGUI in early 2025, marking a strategic push into resource expansion amid favorable metal market conditions.