Solstice Minerals Hits Wide High-Grade Copper-Gold at Nanadie, Signals Major Resource Growth Potential

Solstice Minerals Limited ( (AU:SLS) ) just unveiled an update.

Solstice Minerals has reported outstanding initial assay results from the first five reverse circulation holes of a 23-hole Phase 1 drilling program at its Nanadie Copper-Gold Project in Western Australia, including wide, high-grade copper-gold intercepts such as 62m at 1.55% Cu and 0.66g/t Au and 97m at 0.73% Cu and 0.30g/t Au, many ending in mineralisation. The new drilling extends higher-grade mineralisation well beyond the current mineral resource model and confirms that the system is open at depth, along strike and laterally, outlining a large, broadly mineralised mafic intrusive package favourable for future bulk-tonnage mining studies; with $13.4m in cash, Solstice is well funded to accelerate Phase 2 drilling aimed at materially expanding the existing resource and enhancing the project’s potential as a significant copper growth asset in a tightening global supply environment.

The most recent analyst rating on (AU:SLS) stock is a Hold with a A$0.46 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, with its flagship 100%-owned Nanadie Copper-Gold Project located on a granted mining lease in Western Australia’s Goldfields. The project currently hosts a shallow inferred mineral resource of 40.4Mt containing 162,000 tonnes of copper and 130,000 ounces of gold, positioning the company within the bulk-tonnage copper-gold development space in a tier-one mining jurisdiction.

Average Trading Volume: 123,940

Technical Sentiment Signal: Buy

Current Market Cap: A$51.98M

For detailed information about SLS stock, go to TipRanks’ Stock Analysis page.