Highlights

  • Solstice completed an intensive September quarter with diamond and reverse-circulation drilling at its Nanadie copper-gold project.
  • Nanadie mineralisation has been traced across at least 1.5 kilometres of strike beyond the existing resource model.
  • Selected drilling returned broad copper-gold intersections, including a 722.3-metre combined interval in NANRCD005.
  • The company reported AUD 41.3 million in cash and no Debt while maintaining a three-rig program.

Solstice Minerals (ASX:SLS) entered November with a defined set of exploration priorities and fresh quarterly developments. The company’s shares were quoted at AUD 2.035 on 2 November 2026, up 5.44% in the provided market figures. The day’s reported trading range was AUD 1.860–2.04, with Market Capitalisation of approximately AUD 351.36 million and a one-year share-price change of 546.03%. Those trading measures describe market performance rather than establishing the value of the underlying projects. The more important operational question is how current programs progress toward the next evidence-based milestone.

Nanadie Drilling Pushes Beyond Existing Resource

The September quarter marked an intensive phase of work at the 100%-owned Nanadie Copper-Gold Project in Western Australia. Fifteen diamond tails totalling 3,327 metres and 26 reverse-circulation holes totalling 7,296 metres returned a series of copper-gold intersections. The mineralised system is now traced over at least 1.5 kilometres of strike and a width of approximately 100 to 200 metres. Importantly, the drilling has tested ground outside the boundaries of the existing 40.4 million tonne mineral resource estimate. That distinction matters: intersections beyond the model are evidence for further investigation, not an automatic increase in the declared resource.

Wide Intercepts Add Detail to the Geological Model

Among the standout results, hole NANRCD005 delivered a combined 722.3 metres grading 0.44% copper and 0.13 grams per tonne gold, including low-grade and unmineralised intervals. A previously reported combined intercept in NANRCD004 measured 629.1 metres at 0.50% copper and 0.17 grams per tonne gold. Other holes identified narrower zones with higher copper grades. For example, NANRC057 intersected 18 metres at 2.29% copper and 1.12 grams per tonne gold to end of hole, including five metres at 6.88% copper and 3.60 grams per tonne gold. These are downhole lengths, and they should not be confused with true widths or Mining reserves.

Three Rigs and a Funded Exploration Program

Solstice has upgraded field infrastructure to accommodate sustained drilling, including faster core handling and additional camp facilities. Three rigs were operating at Nanadie, with step-out, step-down and resource-definition work continuing. Shallow drilling is seeking greater density around the deposit, while deeper diamond holes test continuity beneath the current model. The eastern side of the host gabbro is a particular focus. At quarter end the company reported AUD 41.3 million in cash and no debt, providing a financial base for the announced program. The balance does not establish project Economics or guarantee that further drilling will convert exploration potential into an expanded resource.

Gold Targets Broaden the Exploration Pipeline

Beyond Nanadie, Solstice retains exploration opportunities at the Yarri and Ringlock gold projects. The Bluetooth prospect has returned earlier near-surface gold intersections, while Edjudina Range, Statesman Well and other targets form part of a wider pipeline. Exploration licences, permitting and the sequencing of fieldwork will influence how quickly these opportunities advance. At Nanadie, assays from more than 60 holes were pending around the quarterly reporting date. The company also outlined continued drilling through the remainder of 2026 and initial reverse-circulation work at the nearby Stark prospect. Future resource changes will depend on assay results, geological interpretation and formal estimation work rather than drilling activity alone.

What Comes Next

For Solstice Minerals, the near-term focus remains execution of the announced exploration and evaluation work, followed by assessment of the resulting data. Planned drilling, assay reporting and any subsequent technical studies should be read as forward-looking activities, not completed achievements. The next meaningful update will be the one that adds independently assessed geological, financial or permitting information to the project picture. Until then, the share-price move on 2 November is a market observation, not a forecast of operational success or future returns.