Solstice Minerals Limited (AU:SLS)
ASX:SLS
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Solstice Minerals Limited
(Sydney:SLS)
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Rating:56Neutral
Price Target:
AU$1.50
â–²(20.97% Upside)
Action:Reiterated
Date:04/28/26
The score is held back primarily by weak financial performance—highly volatile revenue, a return to losses, and persistent negative operating/free cash flow—despite a low-debt balance sheet. Offsetting this, technical indicators show strong upward momentum with price trading above key moving averages and a positive MACD. Valuation remains constrained by loss-making status (negative P/E) and no dividend yield.
Positive Factors
Low leverage / balance sheet strength
The company’s extremely low reported leverage provides durable financial flexibility: limited interest burden and greater resilience during exploration cycles. This reduces insolvency risk and makes it easier to access capital for projects or weather cash-flow variability over the medium term.
Negative Factors
Revenue volatility and collapse
Revenue that can fall to zero creates a fragile top line and undermines predictability for planning and investment. For a minerals explorer, episodic receipts tied to asset events mean core operations lack steady cash generation, increasing reliance on external financing and elevating execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / balance sheet strength
The company’s extremely low reported leverage provides durable financial flexibility: limited interest burden and greater resilience during exploration cycles. This reduces insolvency risk and makes it easier to access capital for projects or weather cash-flow variability over the medium term.
Read all positive factors
Solstice Minerals Limited (SLS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$282.34M
Dividend YieldN/A
Average Volume (3M)99.84K
Price to Earnings (P/E)―
Beta (1Y)-1.49
Revenue Growth-100.00%
EPS Growth-175.92%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.04
Shares Outstanding172,160,390
10 Day Avg. Volume125,611
30 Day Avg. Volume99,838
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)1.22
Price to Sales (P/S)0.00
P/FCF Ratio-5.38
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.85Price Target Upside49.19% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Solstice Minerals Limited Business Overview & Revenue Model
Company Description
Solstice Minerals Limited, an Australian entity, focuses on prospecting for gold and base metal deposits across the continent. Its substantial asset base comprises the Yarri, Kalgoorlie, Yundamindra, and Ponton projects, encompassing a total of 2,...
How the Company Makes Money
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Solstice Minerals Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
63
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 8.42M | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | -127.86K | 8.26M | -165.09K | -18.74K | 0.00 |
| EBITDA | -4.32M | -3.75M | 4.77M | -6.75M | -3.52M | -890.09K |
| Net Income | -3.78M | -3.07M | 4.61M | -6.91M | -3.74M | -890.09K |
Balance Sheet | ||||||
| Total Assets | 19.44M | 20.87M | 21.90M | 16.39M | 22.21M | 2.93M |
| Cash, Cash Equivalents and Short-Term Investments | 13.37M | 14.99M | 17.55M | 9.97M | 15.92M | 1.00 |
| Total Debt | 219.85K | 35.73K | 104.02K | 184.01K | 49.79K | 4.05M |
| Total Liabilities | 835.60K | 477.56K | 1.30M | 739.67K | 665.55K | 4.05M |
| Stockholders Equity | 18.60M | 20.39M | 20.60M | 15.65M | 21.54M | -1.12M |
Cash Flow | ||||||
| Free Cash Flow | -1.77M | -4.64M | -2.49M | -5.94M | -501.40K | 890.00 |
| Operating Cash Flow | -1.77M | -3.63M | -2.34M | -5.82M | -483.80K | 890.00 |
| Investing Cash Flow | -894.55K | -898.74K | 10.00M | -121.42K | -17.60K | 0.00 |
| Financing Cash Flow | 2.13M | 1.94M | -79.99K | -6.74K | 16.42M | 0.00 |
Solstice Minerals Limited Technical Analysis
Positive
1.24
Price Trends
1.41
Positive
1.19
Positive
0.76
Positive
Market Momentum
0.06
Negative
60.85
Neutral
81.86
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SLS, the sentiment is Positive. The current price of 1.24 is below the 20-day moving average (MA) of 1.52, below the 50-day MA of 1.41, and above the 200-day MA of 0.76, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 60.85 is Neutral, neither overbought nor oversold. The STOCH value of 81.86 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:SLS.
Solstice Minerals Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | AU$282.34M | -48.10 | -19.40% | ― | -100.00% | -175.92% | |
49 Neutral | AU$131.48M | -3,251.09 | -0.02% | ― | ― | 99.44% | |
48 Neutral | AU$217.14M | -9.06 | -72.82% | ― | ― | 48.94% | |
47 Neutral | AU$129.72M | -47.65 | -19.34% | ― | ― | 62.50% | |
43 Neutral | AU$114.96M | -4.09 | -54.77% | ― | -4.13% | 5.02% | |
41 Neutral | AU$138.47M | -35.88 | -8.00% | ― | ― | 19.81% |
* Basic Materials Sector Average
AU:SLS
Solstice Minerals Limited
1.69
1.42
525.93%
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Solstice Minerals Limited Corporate Events
Solstice Minerals Issues 1.5 Million Long-Dated Unlisted Options
Jun 22, 2026
Solstice Minerals Limited has issued 1.5 million unlisted options exercisable at $2.10, with an expiry date of 22 June 2029. The options, which are unquoted securities, expand the company’s equity-based instruments and may form part of its c...
Solstice widens exploration footprint at Nanadie as Stark prospect linked to core copper-gold system
Jun 16, 2026
Solstice Minerals has unveiled a significantly upgraded geological model for its Nanadie copper-gold project, indicating that the nearby Stark prospect is part of the same magmatic system and shares key mineralisation characteristics. This reinter...
Solstice Minerals Shareholders Approve All Resolutions at General Meeting
Jun 9, 2026
Solstice Minerals Limited reported that all resolutions put to shareholders at its 9 June 2026 general meeting were passed by poll. The resolutions included the ratification of prior issues of placement shares, reflecting strong shareholder suppor...
Solstice Minerals Grants New Long-Dated Performance Rights Under Incentive Plan
May 13, 2026
Solstice Minerals Limited has issued 558,704 unquoted performance rights under its employee incentive scheme, with these securities expiring on 8 August 2029. The new performance rights, which are not intended to be quoted on the ASX, are designed...
Solstice Extends Depth of Nanadie Copper-Gold System With Deepest Drillhole to Date
May 10, 2026
Solstice Minerals has completed follow-up diamond drillhole NANRCD005 to 840.4m at its Nanadie Copper-Gold Project in Western Australia, significantly deepening prior drilling. The hole, located about 60m west and 180m below the earlier NANRCD004,...
Solstice Minerals Calls June General Meeting, Moves to Digital Notices
May 8, 2026
Solstice Minerals has called a general meeting of shareholders to be held in Perth on 9 June 2026, setting out voting arrangements and eligibility cut-off for investors. The company has shifted to electronic distribution of meeting materials, enco...
Solstice Minerals Seeks ASX Quotation for 76,517 New Shares
May 6, 2026
Solstice Minerals Limited has applied to the ASX for quotation of 76,517 new ordinary fully paid shares, to be issued on 6 May 2026. The modest share issuance, arising from the exercise or conversion of existing securities, marginally increases th...
Solstice Wins Maximum WA EIS Grant to Accelerate Drilling at Nanadie Copper-Gold Project
May 5, 2026
Solstice Minerals Limited is an Australian copper and gold explorer whose flagship Nanadie Copper-Gold Project in Western Australia’s Murchison District hosts an inferred resource of 40.4 million tonnes at 0.4% copper and 0.1 grams per tonne...
Solstice Extends Depth and Scale of Nanadie Copper-Gold System With First Diamond Tail
Apr 26, 2026
Solstice Minerals has completed its first diamond drill tail at the Nanadie Copper-Gold Project in Western Australia, extending prior high-grade reverse circulation results to a final depth of 629.1 metres. The hole, NANRCD004, is now the deepest ...
Solstice Minerals Seeks ASX Quotation for Over 2.1 Million New Shares
Apr 23, 2026
Solstice Minerals has applied to the ASX for quotation of 2,162,317 additional ordinary fully paid shares, with an issue date of 23 April 2026. The new securities arise from the exercise or conversion of existing options or other convertible instr...
Solstice Minerals ramps up Nanadie drilling after standout copper-gold results
Apr 15, 2026
Solstice Minerals reported a step-change quarter driven by outstanding Phase 1 reverse circulation drilling results at its 100%-owned Nanadie Copper-Gold Project in Western Australia. The 23-hole, 6,030m program returned the strongest intercepts r...
Solstice Minerals Raises $33.4m and Clears New Shares for Immediate Trading
Apr 12, 2026
Solstice Minerals Limited has completed a placement announced earlier this month, raising $32.6 million before costs at $1.00 per new share, and has secured an additional $0.81 million through the exercise of unlisted options. In total, 34,903,412...
Solstice Minerals Seeks Quotation for 2.3 Million New Shares
Apr 12, 2026
Solstice Minerals Limited has applied to the ASX for quotation of 2,300,000 new ordinary fully paid shares, to be issued on April 13, 2026. The additional securities, arising from the exercise or conversion of existing instruments, will expand the...
Solstice Minerals Seeks ASX Quotation for 32.6 Million New Shares
Apr 12, 2026
Solstice Minerals Limited has applied for quotation on the ASX of 32,603,412 new fully paid ordinary shares, to be issued on April 13, 2026. The securities are being listed as part of a previously announced transaction, signalling an expansion of ...
Solstice Minerals Seeks ASX Quotation for 2.28 Million New Shares
Apr 7, 2026
Solstice Minerals Limited has applied to the ASX for quotation of 2,279,933 new ordinary fully paid shares under the code SLS, with an issue date of April 7, 2026. The new securities result from the exercise or conversion of existing options or ot...
Solstice Minerals Plans Major Share Placement to Raise Capital
Apr 1, 2026
Solstice Minerals Limited has notified the ASX of a proposed issue of up to 32,603,412 ordinary fully paid shares under a placement or similar capital-raising structure. The new securities, to be quoted on the ASX, are expected to be issued on 13 ...
Solstice Minerals raises A$32.6m to fast-track Nanadie copper-gold exploration
Apr 1, 2026
Solstice Minerals has raised A$32.6 million through a strongly supported placement of 32.6 million new shares at A$1.00 each to institutional and sophisticated investors, including specialist North American resource funds. The capital injection, c...
Solstice Minerals Halts Trading Ahead of Capital Raising Announcement
Apr 1, 2026
Solstice Minerals has requested and been granted a trading halt in its securities on the ASX as it prepares a market announcement regarding a proposed capital raising. The halt will remain in place until the company releases further details or unt...
Solstice Minerals Director Boosts Indirect Stake via Option Exercises
Mar 29, 2026
Solstice Minerals director Matthew Yates has increased his indirect shareholding in the company through entities Beacon Exploration Pty Ltd and Meto Pty Ltd. The changes follow the exercise of both listed and unlisted options, converting them into...
Solstice Minerals Seeks ASX Quotation for 10.8 Million New Shares
Mar 29, 2026
Solstice Minerals Limited has applied to the ASX for quotation of 10,797,045 new ordinary fully paid shares, to be issued on March 30, 2026. The additional securities, arising from the conversion or exercise of existing instruments, will expand th...
Nero Resource Fund Ceases to Be Substantial Holder in Solstice Minerals
Mar 24, 2026
Solstice Minerals Limited has disclosed that Treasury Services Group Pty Ltd, as trustee for the Nero Resource Fund, has ceased to be a substantial shareholder in the company as of 19 January 2026. The notice, lodged under Australia’s Corpor...
Solstice Minerals Seeks Quotation for Additional ASX Shares
Mar 23, 2026
Solstice Minerals Limited has applied to the ASX for quotation of 135,823 additional ordinary fully paid shares, to be issued on March 23, 2026. The modest increase in quoted securities, arising from the exercise or conversion of existing instrume...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.