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Solara Minerals Limited (ASX:SLA)

ALERT: Price-sensitive ASX Announcement for SLA
Current share price for SLA : $0.077 -0.113 (-59.47%)+
Announcement
Release
31 Oct 2025 8:13AM
Price at Release
$0.190
Full Release
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Summary
Solara Minerals Limited announced a series of significant activities in their quarterly report for the period ending on 30 September 2025. Key highlights include the acquisition of the OD4TP gold and copper portfolio, the completion of a ground electromagnetic survey at the Degrussa West target, and the planning of a drilling program for the same target. The company has also undertaken soil sampling programs and received a $180,000 grant through the Exploration Incentive Scheme to further explore the Degrussa West VTEM/MLEM target. The company's financial performance for the quarter includes a net cash decrease due to operational and investing activities, with the cash balance at the end of the period reported as $3,296,000.
Key Points
  • Appointment of Jennifer Neild as General Manager.
  • Acquisition of OD4TP gold and copper portfolio near Degrussa Copper Gold Mine.
  • Completion of MLEM survey identifying new conductive plates.
  • Plan to drill Degrussa West target by the end of the current quarter.
  • Soil sampling program at Wilgeena focusing on specific geological contacts.
  • Received a $180,000 EIS grant for testing Degrussa West target.
  • Net cash decrease in the quarter due to operating and investing activities.
  • Cash balance at the end of the period was $3,296,000.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.