InvestSMART

Solstice Minerals Limited (ASX:SLS)

ALERT: Price-sensitive ASX Announcement for SLS
Current share price for SLS : $1.890 -0.77 (-28.95%)+
Announcement
Release
29 Sep 2026 8:43AM
Price at Release
$2.660
Full Release
download
Summary
Solstice Minerals Limited (ASX: SLS) announced strong new reverse circulation and diamond drilling results from its 100%-owned Nanadie Copper-Gold Project in Western Australia’s Goldfields, with the results materially expanding the known mineralised footprint and supporting potential growth beyond the current 2022 inferred Mineral Resource Estimate of 40.4Mt at 0.4% Cu and 0.1g/t Au; the standout combined RC and diamond intercept in hole NANRCD001 returned 169.3m at 0.87% Cu and 0.29g/t Au including 73.3m at 1.07% Cu and 0.26g/t Au, while NANRCD002 confirmed widespread deeper mineralisation and ended in high-grade gold-copper mineralisation, with both holes extending significant mineralisation to more than 300m below the existing MRE boundary and indicating continuity with earlier breakthrough holes NANRCD004 and NANRCD005; resource definition RC drilling also identified commercially important shallow higher-grade zones north of a local cross-fault, notably in NANRC062 and NANRC063, and reconnaissance drilling in NANRC065 extended the mineralised system to at least 1.5km strike, leaving it open to the north, south and at depth, while management highlighted the eastern margin of the host gabbro and a possible emerging eastern zone as key growth targets, with three rigs operating, more than 40 holes pending assays, and Solstice well funded with $45 million cash and no debt to continue drilling, geophysics and target generation across Nanadie and nearby Stark.
Key Points
  • ASX announcement dated 29 September 2026 by Solstice Minerals Limited on major new copper-gold hits at Nanadie.
  • The standout result was hole NANRCD001 with a combined RC and diamond intercept of 169.3m at 0.87% Cu and 0.29g/t Au.
  • NANRCD001 included 73.3m at 1.07% Cu and 0.26g/t Au, including higher-grade intervals of 8m at 2.12% Cu and 0.45g/t Au and 6.3m at 2.65% Cu and 0.46g/t Au.
  • NANRCD001 also intersected an emerging eastern zone with 4.6m at 1.65% Cu and 0.26g/t Au and 24.9m at 0.56% Cu and 0.24g/t Au.
  • NANRCD002 returned widespread deeper mineralisation including 23.9m at 0.76% Cu and 0.23g/t Au, 24.9m at 0.50% Cu and 0.14g/t Au, 23m at 0.46% Cu and 0.12g/t Au, and 5.8m at 1.00% Cu and 2.43g/t Au to end of hole.
  • Both reported diamond holes intersected significant copper-gold mineralisation more than 300m below the current MRE boundary.
  • The results show continuity with adjacent breakthrough holes NANRCD004 and NANRCD005.
  • RC resource definition drilling identified shallow higher-grade mineralisation north of a local cross-fault.
  • NANRC063 returned 51m at 0.50% Cu and 0.16g/t Au from 5m, 17m at 0.54% Cu and 0.11g/t Au from 106m, and 27m at 1.23% Cu and 0.15g/t Au from 135m including 3m at 5.78% Cu and 0.57g/t Au.
  • NANRC062 returned 47m at 0.66% Cu and 0.18g/t Au from 4m, 28m at 0.67% Cu and 0.23g/t Au from 55m, 40m at 0.52% Cu and 0.11g/t Au from 169m, and 17m at 0.65% Cu and 0.09g/t Au from 221m.
  • NANRC060 returned 56m at 0.50% Cu and 0.16g/t Au and NANRC059 returned 2m at 6.27% Cu and 1.58g/t Au.
  • Reconnaissance hole NANRC065 returned 28m at 0.52% Cu and 0.17g/t Au and extended the Nanadie mineralised system to at least 1.5km strike.
  • The deposit remains open to the north, south and at depth.
  • Management identified the eastern margin of the host gabbro as a key exploration target and noted potential for an emerging eastern zone.
  • Solstice said the drilling program demonstrates clear potential to materially expand the current Nanadie MRE in both size and grade.
  • Three drill rigs were operating on site and drilling was expected to continue through the balance of 2026.
  • Assays were pending from a further 14 completed diamond holes and more than 20 RC holes, supporting ongoing news flow.
  • Nanadie is located on a granted Mining Lease about 100km northwest of Sandstone in WA’s Goldfields.
  • The existing inferred MRE cited in the announcement is 40.4 million tonnes at 0.4% copper and 0.1g/t gold containing 162,000 tonnes of copper and 130,000 ounces of gold.
  • Solstice reported it had $45 million cash and no debt to continue drilling and geophysical work at Nanadie and nearby Stark.
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.