SLS Price sensitive 22 May 2025, 8:18 AM

Significant Resource Extension Targets Identified at Nanadie

Solstice Minerals Ltd

Significant Resource Extension Targets Identified at Nanadie

Key points

  • Systematic re-logging of historical drill holes identifies strong extension targets adjacent to current Mineral Resource Estimate
  • Entire deposit remains open at depth with potential to materially increase size of 150m wide and 900m long mineralized system
  • South-eastern portion of deposit is unconstrained and open with potential for significant fold and/or fault repetitions

Full summary

Solstice Minerals has identified significant resource extension targets at its 100%-owned Nanadie Copper-Gold Project in Western Australia. Systematic re-logging of historical drill holes and structural interpretation has generated several strong extension targets adjacent to the current Mineral Resource Estimate (MRE) of 40.4Mt @ 0.4% copper and 0.1g/t gold for 162kt of contained copper and 130koz gold. The south-eastern portion of the deposit remains unconstrained and open, offering potential for significant fold and/or fault repetitions to extend the host geology eastward. An additional opportunity has been identified to widen and deepen the deposit to the northwest. The entire deposit also remains open at depth, presenting the potential to materially increase the size of the current 150m wide and 900m long mineralized system. The extension targets are supported by both IP and aeromagnetic responses. Solstice is preparing a maiden Reverse Circulation (RC) drilling program to validate these MRE extension targets, with success paving the way for systematic RC drilling and a material MRE increase. Additionally, field mapping has identified shallow, soil-covered southern strike extensions of the host intrusive package that could deliver geological analogues to the main Nanadie deposit.

Summary generated by a large language model. Please interpret with care.

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