The Solstice Minerals Ltd (ASX: SLS) share price is in focus after the company reported outstanding new high-grade copper-gold intercepts at its 100%-owned Nanadie Copper-Gold Project in Western Australia. Key highlights include a broad 172-metre intercept at 0.69% copper and 0.30g/t gold and an 18-metre interval grading 2.29% copper and 1.12g/t gold.
What did Solstice Minerals report?
- 172m @ 0.69% Cu, 0.30g/t Au from 54m to end of hole in drillhole NANRC058, including 83m @ 0.96% Cu, 0.44g/t Au
- 18m @ 2.29% Cu, 1.12g/t Au to end of hole from 292m (including 5m @ 6.88% Cu, 3.60g/t Au) in NANRC057
- Step-out RC drilling extended the Nanadie resource system to at least 1.3km strike; remains open in all directions
- Diamond tail returned 60.6m @ 0.64% Cu, 0.33g/t Au, and 11.75g/t Ag, with a high-grade silver zone of 14.6m @ 0.69% Cu, 0.10g/t Au, 31.32g/t Ag
- Current Mineral Resource Estimate (MRE): 40.4Mt @ 0.4% Cu, 0.1g/t Au, and 1.0g/t Ag
- No debt and $45 million cash at 31 August 2026
What else do investors need to know?
Ongoing drilling continues to identify previously unrecognised high-grade zones within and adjacent to the current resource boundary, highlighting the potential for higher-than-estimated grades. Results from recent holes will drive continued exploration, particularly along up-plunge positions on the eastern side of the host gabbro and step-down extensions at depth.
Solstice’s expanded camp and core processing facilities have been completed, setting the stage for accelerated drilling with multiple RC and diamond rigs planned to operate for the rest of the year. There are assays pending from a further 13 completed diamond holes and over 20 RC holes, with more news flow likely as the company works to expand both the grade and size of the Nanadie resource.
What did Solstice Minerals management say?
Nick Castleden, Solstice Minerals’ Chief Executive Officer and Managing Director, commented:
Coming hard on the heels of the fantastic, combined intercept of 722.3m at 0.44% Cu, 0.13g/t Au from hole NANRCD005 announced on Friday, these exciting new results show that the momentum of drilling news-flow from Nanadie has well and truly moved up a gear. Importantly, these results confirm our interpretation that there may be significant zones of valuable near-surface high-grade mineralisation both within and adjacent to the current Nanadie Resource that have not previously been recognised or adequately tested.
What’s next for Solstice Minerals?
Solstice is well funded to continue exploration, with a plan to increase drilling density across and below the existing mineral resource boundary. High-grade zones will receive further infill and step-out drilling, while new targetsâincluding the nearby Stark Prospectâare set to be tested.
As the company accelerates its drill program, pending assays and an updated geological model are expected to provide a steady flow of exploration results. The Nanadie system remains open along strike and at depth, offering significant potential for further resource growth in a favourable mining jurisdiction.
Solstice Minerals share price snapshot
Over the past 12 months, Solstice Minerals shares have surged 600%, outperforming the All Ordinaries Index (ASX: XAO).
The post Solstice Minerals shares in focus as Nanadie drill results impress appeared first on The Motley Fool Australia.
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More reading
- Solstice Minerals extends deep, high-grade copper-gold zones at Nanadie
- Solstice Minerals: Nanadie drilling extends copper-gold system
- Solstice Minerals: Nanadie copper-gold system grows
Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.