Desert Gold Ventures Inc. Company Profile

Background

Overview

Desert Gold Ventures Inc. is a Canadian-based gold exploration and development company focused on acquiring, exploring, and developing mineral resource properties in Mali, West Africa. The company's flagship project is the Senegal Mali Shear Zone (SMSZ) Project, covering approximately 440 square kilometers in Western Mali. Desert Gold Ventures is listed on the TSX Venture Exchange under the ticker symbol DAU.

Mission and Vision

Desert Gold Ventures aims to advance a gold discovery and development pipeline within West Africa's Birimian greenstone belt, targeting scalable growth in well-established, low-cost mining jurisdictions with tier-one discovery potential.

Primary Area of Focus

The company's primary focus is on gold exploration and development, with a strategic emphasis on the SMSZ Project in Mali and the Tiegba Project in Côte d'Ivoire.

Industry Significance

Operating in Mali, Africa's fourth-largest gold-producing country, Desert Gold Ventures contributes to the region's mining sector by exploring and developing gold resources, thereby supporting local economies and the global gold supply chain.

Key Strategic Focus

Core Objectives

• Advance gold exploration and development projects in Mali and Côte d'Ivoire.

• Achieve near-term gold production, with a Preliminary Economic Assessment (PEA) expected in Q2 2025.

Specific Areas of Specialization

• Exploration and development of gold deposits within the Birimian greenstone belt.

• Focus on oxide gold production with near-term cash flow potential.

Key Technologies Utilized

• Geological mapping and geochemical sampling.

• Geophysical surveys, including Induced Polarization (IP) and ground magnetic surveys.

• Reverse Circulation (RC) and core drilling techniques.

Primary Markets or Conditions Targeted

• Gold mining operations in West Africa, particularly in Mali and Côte d'Ivoire.

• Investors seeking exposure to gold exploration and development in stable mining jurisdictions.

Financials and Funding

Funding History

• Desert Gold Ventures has engaged in multiple financing activities to support its exploration and development projects.

Total Funds Raised

• Specific figures regarding total funds raised are not publicly disclosed.

Recent Funding Rounds

• In January 2026, the company closed a non-brokered private placement, selling 33,242,184 units at a price of seven cents per unit, raising gross proceeds of $2,326,952.

Notable Investors

• Detailed information about individual investors is not publicly available.

Intended Utilization of Capital

• Proceeds from the financing are primarily allocated for drilling at the SMSZ Project in Western Mali and for general working capital purposes.

Pipeline Development

Key Pipeline Candidates

• SMSZ Project (Mali): The flagship project covering approximately 440 square kilometers in Western Mali, with Measured and Indicated Mineral Resources of 8.47 million tonnes grading 1.14 g/t gold totaling 310,300 ounces, and Inferred Mineral Resources of 20.7 million tonnes grading 1.16 g/t gold totaling 769,200 ounces.

• Tiegba Project (Côte d'Ivoire): A 297 square kilometer project hosting a large, never-drilled gold-in-soil anomaly with multiple parallel mineralized trends, including values exceeding 900 ppb gold.

Stages of Clinical Trials or Product Development

• Exploration and drilling stages, with ongoing resource delineation and assessment.

Target Conditions

• Gold mineralization within the Birimian greenstone belt.

Relevant Timelines for Anticipated Milestones

• PEA for the SMSZ Project expected in Q2 2025.

Technological Platform and Innovation

Proprietary Technologies

• Utilization of advanced geological modeling and geophysical survey techniques to identify and delineate gold deposits.

Significant Scientific Methods

• Integration of geological mapping, geochemical sampling, and geophysical surveys to inform drilling programs and resource estimation.

AI-Driven Capabilities

• While specific AI-driven technologies are not detailed, the company employs data-driven approaches to exploration and development.

Leadership Team

Key Executives

• Sonny Janda: Chairman.

• Jared Scharf: President & CEO, Director.

• Chris Marsh, CFA: Director.

• Doug Engdahl, P.Geo.: Director.

Professional Backgrounds and Key Contributions

• Sonny Janda: Holds the Executive Chairman and Director position with Desert Gold Ventures Inc. since 2010, with experience in operational and financial management, business development, and capital procurement strategy.

• Jared Scharf: Chief Executive Officer since 2010 and director since 2015, with a background in corporate finance and public markets, previously involved with ITM Corporation.