The company only spent $300k in Q1 2023 and was sitting on $2.84m in cash as at 31st of March 2023 Quarterly Report.

The Belele, Dingo Pass Rare Earths and Innouendy 2023 drilling programs were all costed and budgeted for when the last CR was done with Cannacord in November 2022, hence the reason for the Corporate Presentation at the bottom of this post.

Hence, there's plenty of cash for the 10,000-20,000m of drilling and assaying at Innouendy into the thick rich Rare Earth Clay paleochannels, Nickel, PGEs and Cobalt over the next 6 months, Belele Greenstone Mingiah drilling and assaying, drilling into the REEs at Dingo Pass, as well as the REE Metallurgical Results.

We need to also remember that Innouendy does not just contain High Recovery, Thick, High-Grade Ionic Rare Earths Clays.

But also NIckel, PGEs and Cobalt, which will be part of this upcoming drilling program at Innouendy...

Desert Metals hits nickel, platinum group elements at Innouendy polymetal project

https://www.marketindex.com.au/news/desert-metals-hits-nickel-platinum-group-elements-at-innouendy-polymetal