Quarterly Activities/Appendix 5B Cash Flow Report
| Stock | Solstice Minerals Ltd (SLS.ASX) |
|---|---|
| Release Time | 16 Jul 2025, 8:17 a.m. |
| Price Sensitive | Yes |
Solstice Minerals Delivers Drilling Successes Across Key Projects
- Bluetooth Gold Prospect: Excellent grade continuity in shallow oxide gold mineralisation
- Edjudina Range: New gold discovery with commercial-grade intercepts
- Statesman Well: Confirmed potential with high-grade near-surface gold intercepts
Solstice Minerals had an active quarter with multiple drilling successes at its Yarri Gold Project and recognition of significant resource extension targets at the Nanadie Copper-Gold Project. At the Bluetooth Gold Prospect, a second round of RC drilling demonstrated excellent grade continuity in tabular, shallowly dipping panels of oxide gold mineralisation. Significant new gold hits included 15m @ 1.90g/t Au, 20m @ 1.98g/t Au, and 23m @ 1.38g/t Au. The Edjudina Range gold discovery saw further infill and strike-extension drilling, with a first-stage RC test delivering an impressive intercept of 16m @ 1.13g/t Au. At the Statesman Well Gold Prospect, a first-stage RC campaign defined significant shallow gold intercepts, including 8m @ 7.94g/t Au. At the Nanadie Copper-Gold Project, a geological review and targeting exercise revealed significant resource extension drill targets, with an IP survey in progress to prioritize targets for maiden RC drilling planned for Q3 2025. Solstice enters Q3 2025 in a robust financial position with $15.0M cash and no debt, supporting ongoing exploration and new project generation.
Significant newsflow is anticipated in the September Quarter as the drill rigs are mobilized to both the Yarri and Nanadie projects. The company plans to continue to increase drill density at Bluetooth to allow future Mineral Resource Estimation work, as well as testing for underlying fresh-rock mineralization and exploring nearby structural targets. Follow-up RC drilling is also planned at the Edjudina Range discovery.