Desert Energy (DSN)

Shares / Stock Code

DSN

Stock Exchange / Sharemarket

ax

Desert Energy’s aim is to discover high-value mineral deposits in order to create wealth for its shareholders. The Company is currently focused on projects which it considers are prospective for uranium. It was listed at ASX on 15 August, 2007.

To assist in reducing risk, the Company has a preference for projects with known indications of mineralisation. Following data review, tenements and tenement applications are generally ranked. Those selected for the Company’s exploration portfolio are considered for inclusion in its exploration budget for direct exploration by Desert Energy.

he Company’s projects include Downs East, Old Station West, Galilee Project and Charlie Project. The other projects of the Company include Old Station East and Texas Well Projects. The Galilee project consists of two granted exploration licenses located 26 kilometers southwest of the Yeelirrie deposit in the northeast Yilgarn region of Western Australia. The Charlie project is located 80 kilometers west of Yeelirrie. During the fiscal year ended June 30, 2009 (fiscal 2009), the Company continued its exploration campaign on its granted exploration licenses in the northeast Yilgarn region of Western Australia. As at June 30, 2009, the Company is a 52.89% controlled entity of Aurora Minerals Ltd. In April 2009, the Company acquired Dawn Metals Limited from Aurora Minerals Limited.