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Solstice Minerals Limited ( (AU:SLS) ) has shared an announcement.
Solstice Minerals has reported final assays from its 6,030m Phase 1 reverse circulation drilling program at the Nanadie Copper-Gold Project, confirming strong copper-gold mineralisation and demonstrating that the deposit remains open to the north. The program, designed to improve geological understanding and test the limits of the existing 40.4Mt Mineral Resource, delivered broad higher-grade intercepts beyond the current resource model.
Key northern step-out holes returned wide intervals above 0.40% copper, including significant high-grade zones coincident with induced polarisation chargeability anomalies that extend at depth and to the north. An infill hole at the southern end of the deposit also returned consistent mineralisation, and several holes ended in strong copper-gold grades, prompting Solstice to prepare an immediate Phase 2 RC and diamond drilling campaign aimed at expanding tonnage, delineating higher-grade zones and supporting future Mineral Resource growth at Nanadie.
The most recent analyst rating on (AU:SLS) stock is a Hold with a A$0.91 price target. To see the full list of analyst forecasts on Solstice Minerals Limited stock, see the AU:SLS Stock Forecast page.
More about Solstice Minerals Limited
Solstice Minerals Limited is an Australian exploration company focused on copper and gold projects in Western Australia’s Goldfields region. Its flagship asset is the 100%-owned Nanadie Copper-Gold Project, an advanced-stage deposit northwest of Sandstone that the company is working to expand through targeted drilling and resource growth programs.
Average Trading Volume: 712,357
Technical Sentiment Signal: Buy
Current Market Cap: A$104.5M
Learn more about SLS stock on TipRanks’ Stock Analysis page.