IP Survey Points to Step-Out Drill Targets at Nanadie

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Stock Solstice Minerals Ltd (SLS.ASX)
Release Time 8 Aug 2025, 8:24 a.m.
Price Sensitive Yes
 IP Survey Points to Step-Out Drill Targets at Nanadie
Key Points
  • Recently completed IP survey has outlined robust drill targets along strike from the Nanadie Copper-Gold Deposit
  • IP chargeability responses are a good fit with geological interpretation and host-rock aeromagnetic features
  • Targets are complimentary to strong MRE extension targets identified in a recent geological review
Full Summary

Solstice Minerals Limited has completed a Dipole-Dipole Induced Polarisation (IP) geophysical survey at its 100%-owned Nanadie Copper-Gold Deposit, which has outlined robust drill targets immediately along strike from the existing Mineral Resource Estimate (MRE). The IP chargeability responses are a good fit with the geological interpretation and host-rock aeromagnetic features, and fall within untested areas directly along strike to the north and south of the current Nanadie MRE. Nanadie is a high-volume body of disseminated and sulphide veinlet style chalcopyrite (+/- pyrrhotite and pyrite) mineralisation that lies below shallow cover. The new IP targets complement and help prioritize the strong MRE extension targets that were recently identified through a first-principles geological review. Solstice is now planning a maiden Reverse Circulation (RC) drilling program in the coming months to test these targets, which could pave the way for systematic drilling to materially increase the existing MRE. The Nanadie MRE and all strike and lateral extension targets are secured within a large, granted Mining Lease in an excellent operational location.

Outlook

Solstice sees significant value to be created at Nanadie through timely Mineral Resource expansion drilling, and is confident that this already significant deposit can get materially bigger.