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Solis Minerals Ltd (ASX:SLM)

ALERT: Price-sensitive ASX Announcement for SLM
Current share price for SLM : $0.092 -0.013 (-12.38%)+
Announcement
Release
26 May 2026 8:47AM
Price at Release
$0.105
Full Release
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Summary
Solis Minerals Ltd announced the planned commencement of diamond drilling at its Mandacaru and Campo Grande lithium projects in Minas Gerais, Brazil, slated for June 2026. These sites are situated within the highly prospective Araçuaí–Salinas Lithium Valley. The projects have been supported by a former Rio Tinto geologist, confirming them as high-confidence, drill-ready targets. The company's established regional relationships and finalized land access agreements are poised to ensure smooth execution of the drilling activities. Solis Minerals is well-positioned in this mineral-rich region, enhancing its potential for significant discoveries.
Key Points
  • Solis Minerals Limited is to commence diamond drilling at its Mandacaru and Campo Grande lithium prospects in June 2026.
  • The Mandacaru and Campo Grande projects are located in the Araçuaí–Salinas Lithium Valley in Minas Gerais, Brazil.
  • A former Rio Tinto senior geologist has been involved in the identification and advancement of these targets.
  • Field activities at Mandacaru and Campo Grande confirmed the presence of high-confidence Lithium-Cesium-Tantalum pegmatite targets.
  • Solis Minerals has established land access agreements to support the commencement of drilling activities.
  • The Company is leveraging its existing regional relationships to facilitate drill readiness and execution.
  • Solis Minerals is strategically positioned in a highly prospective region for lithium exploration.
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.