Quarterly Activities/Appendix 5B Cash Flow Report

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Stock Solstice Minerals Ltd (SLS.ASX)
Release Time 20 Jan 2025, 8:21 a.m.
Price Sensitive Yes
 Solstice Minerals reports strong gold results at Yarri Project
Key Points
  • Significant shallow gold intercepts at Bluetooth Gold Prospect, including 36m @ 1.55g/t Au
  • New gold target emerging at Edjudina Range with 6m @ 1.88g/t Au
  • Widespread gold anomalism at Bunjarra Gold Prospect highlights potential for mineralised structures
Full Summary

Solstice Minerals Limited (ASX: SLS) reported excellent progress at its Yarri Gold Project during the December 2024 quarter. Significant shallow gold intercepts were returned from RC drilling at the Bluetooth Gold Prospect, including a standout 36m @ 1.55g/t Au. These results confirm and enhance historical intercepts at the prospect and demonstrate the potential for near-surface gold mineralization. At the Edjudina Range target, an infill aircore drilling program strongly upgraded the prospect, with an intercept of 6m @ 1.88g/t Au ending in quartz vein material grading 1m @ 2.98g/t Au. This new target is situated in a structural position that is open and untested below transported cover for several kilometres along strike. The company also continued to build on widespread gold anomalism at the Bunjarra Gold Prospect, with several anomalous trends emerging that highlight the potential to discover valuable mineralized structures in the underlying fresh-rock profile. Solstice ended the quarter with a strong cash balance of $15.2 million, providing excellent flexibility to expand and refine its asset base. The company continues to review a number of advanced and greenfield gold and/or copper opportunities.

Outlook

Solstice plans to have the aircore drill rig back at the Edjudina Range target in the coming weeks to systematically test the heritage-cleared portion of an approximately 4km strike length of soil-covered structural and magnetic trends. The company will also progress the Bunjarra Gold Prospect toward a first-ever RC drilling program, with compilation and interpretation work underway along with one-metre resampling of previous aircore results.