Solstice Minerals: Nanadie drilling extends copper-gold system

The Solstice Minerals Ltd (ASX: SLS) share price is in focus today after the company reported more wide copper-gold intercepts from ongoing drilling at its 100%-owned Nanadie Copper-Gold Project in WA’s Goldfields. Notably, a 148m intercept at 0.77% copper and 0.20g/t gold from one drill hole signals the growing scale of the deposit.

What did Solstice Minerals report?

• Diamond drilling hit 148m at 0.77% copper and 0.20g/t gold from 201m (NANRCD018), expanding mineralisation beyond the current resource boundary.
• Another diamond tail delivered 36m at 0.70% copper and 0.21g/t gold to end of hole (NANRCD026), confirming nearby high-grade results.
• Step-out RC drilling produced multiple strong intercepts, including 43m at 0.59% copper and 0.21g/t gold (NANRC044), outlining mineralisation further south.
• Drilling footprint now spans 100–200m width, over at least 1.2km of strike, remaining open at depth and along strike.
• Solstice holds $45 million in cash and zero debt to fund ongoing exploration.

What else do investors need to know?

Ongoing reverse circulation (RC) and diamond drilling is mapping out high-grade copper-gold zones that stretch well past the existing mineral resource estimate (MRE). Multiple rigs are operating at Nanadie, with another RC rig arriving soon to speed up campaign progress.

The company is awaiting results from a deep, step-down diamond hole (NANRCD005) drilled some 500m beneath the current MRE. On top of this, assays from an extra 12 diamond tails and 18 RC holes are pending, so further updates are expected over coming months.

What did Solstice Minerals management say?

CEO & Managing Director Nick Castleden said:

Ongoing diamond and RC drilling continues to show that Nanadie is developing into a substantially larger copper-gold system that extends well beyond the current Mineral Resource.… The combined 148m intercept in NANRCD018 is particularly encouraging.… The results to date continue to reinforce our view that Nanadie is growing into a much larger copper-gold system than previously recognised, with the host gabbro and zones of copper sulphide mineralisation extending well beyond the limits of drilling.

What’s next for Solstice Minerals?

Solstice expects a steady flow of drill results in the months ahead as it tests the depth and lateral growth of the Nanadie system. Follow-up work will also focus on defining higher-grade positions, potentially improving future resource estimates.

With a strong cash position and no debt, Solstice is well funded to advance Nanadie, continue drilling, and explore new targets across its growing land position.

Solstice Minerals share price snapshot

Over the past 12 months, Solstice Minerals shares have risen more than 800%, significantly outperforming the All Ordinaries Index (ASX: XAO).

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The post Solstice Minerals: Nanadie drilling extends copper-gold system appeared first on The Motley Fool Australia.

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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.