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Solis Minerals Ltd (ASX:SLM)

ALERT: Price-sensitive ASX Announcement for SLM
Current share price for SLM : $0.050 -0.044 (-46.81%)+
Announcement
Release
14 Jul 2026 9:51AM
Price at Release
$0.094
Full Release
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Summary
Solis Minerals Ltd (ASX:SLM) announced the commencement of a diamond drilling program at the Mandacaru Lithium Project in the Araçuaí Lithium Valley, Minas Gerais, Brazil. This 10-drillhole, 2,000-meter program is designed to explore a coherent lithium-caesium-tantalum pegmatite corridor extending 800 meters. The program aims to test the pegmatite continuity, geometry, and potential spodumene mineralization at depth, supported by multi-element geochemistry and auger drilling results. Solis Minerals has rapidly transitioned from acquisition to drill testing, emphasizing the significance of this lithium target within their portfolio. The project is strategically located in a world-class lithium province.
Key Points
  • Drilling has commenced at Mandacaru Lithium Project.
  • The program consists of 10 drill holes over a 2,000-meter span.
  • Aim is to explore a lithium-caesium-tantalum pegmatite system.
  • Project located in Minas Gerais, Brazil, within Araçuaí Lithium Valley.
  • Drilling designed to test pegmatite continuity and spodumene potential.
  • Multi-element geochemistry supports the technical basis for drilling.
  • The project is in a world-class lithium province.
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.