Quarterly Activities/Appendix 5B Cash Flow Report
| Stock | Solstice Minerals Ltd (SLS.ASX) |
|---|---|
| Release Time | 16 Apr 2026, 9:35 a.m. |
| Price Sensitive | Yes |
Solstice Minerals delivers outstanding drilling results from Nanadie Copper-Gold Project
- Phase 1 drilling delivered exceptional wide, high-grade intercepts, confirming strong growth potential
- Phase 2 drilling underway to define higher-grade zones and extend mineralisation
- Successful $32.6M placement provides funding for accelerated exploration and resource growth
Solstice Minerals reported exceptional results from its Phase 1 drilling program at the 100%-owned Nanadie Copper-Gold Project in Western Australia. The 23-hole, 6,030m program delivered a series of highly significant wide, high-grade intercepts, reinforcing the potential to materially expand an already significant copper-gold system. Key highlights include: 62m @ 1.55% Cu, 0.66g/t Au in NANRC004 (including 22m @ 2.78% Cu, 1.25g/t Au); 97m @ 0.73% Cu, 0.30g/t Au in NANRC001; and 55m @ 1.07% Cu, 0.26g/t Au in NANRC018. The drilling has extended the mineralised system laterally, along strike and at depth, while also highlighting the potential for higher-grade zones. Solstice has commenced an expanded Phase 2 program, including RC drilling to define higher-grade zones and infill/extensional drilling, as well as diamond drilling to test key plunge and depth extensions. The company also completed a highly successful $32.6M placement, attracting new domestic and international institutional investors, providing a clear runway for sustained resource growth, definition and exploration drilling.
Solstice is focused on accelerating exploration and resource growth at the Nanadie Copper-Gold Project, with the expanded Phase 2 drilling program designed to define higher-grade zones and extend the mineralised system along strike, laterally and at depth. The company's robust cash position of $48.4M provides the funding to advance the project through this critical growth phase.