Solstice Awarded EIS Co-Funded Drilling Grant for Nanadie
| Stock | Solstice Minerals Ltd (SLS.ASX) |
|---|---|
| Release Time | 6 May 2026, 8:17 a.m. |
| Price Sensitive | Yes |
Solstice Awarded EIS Co-Funded Drilling Grant for Nanadie
- Solstice awarded maximum $200,000 EIS co-funded drilling grant
- Grant to support step-down RC/diamond drilling at Nanadie Copper-Gold Project
- Drilling to test southward plunge extensions and IP targets beyond current limits
Solstice Minerals Ltd (ASX: SLS) has been awarded a co-funded diamond drilling grant of up to $200,000 (the maximum award) under Round 33 of the West Australian Government's Exploration Incentive Scheme (EIS). The grant will support direct drilling costs for a targeted deep drilling program at the Company's flagship Nanadie Copper-Gold Project, located northwest of Sandstone in Western Australia's Murchison District. Using the EIS funding, Solstice aims to carry out step-down RC/diamond drilling testing southward plunge extension and IP targets located well beyond the existing drilling limits at Nanadie. The program will also seek to build on the geological and genetic understanding of the deposit and investigate whether the existing Mineral Resource Estimate (MRE) and environs may be an upper structurally remobilised portion of an intrusive-related magmatic sulphide system similar to the nearby Stark Prospect.The Nanadie Project comprises granted Mining Lease and Exploration Licence tenure and includes an existing Inferred MRE of 40.4 million tonnes at 0.4% copper and 0.1g/t gold, containing 162,000 tonnes of copper and 130,000 ounces of gold. Historical drilling has defined a wide, near-surface accumulation of disseminated and remobilised sulphide veinlet style chalcopyrite mineralisation over 150m wide and 1km long, with significant zones of >1% Cu where chalcopyrite vein density increases.