Highlights

  • SLS shares surged 53.85% to AUD 0.700 following Nanadie Project drilling results.
  • Phase 1 RC drilling returned wide high-grade copper-gold intercepts, exceeding current MRE boundaries.
  • Nanadie Project holds a shallow Inferred MRE of 162,000t copper and 130,000oz gold, with further expansion potential.

Solstice Minerals Limited (ASX:SLS) shares climbed sharply, rising 53.85% to AUD 0.700 following the release of its first-phase drilling results from the Nanadie Copper-Gold Project in Western Australia. The share price has gained 81.58% over the past month and recorded a 331.25% increase over the past year.

Wide High-Grade Intercepts Announced

The company reported multiple significant intercepts from the first five holes of a 23-hole Phase 1 RC program at its 100%-owned Nanadie Project. Highlights include:

  • 62m at 1.55% Cu and 0.66g/t Au to end of hole (NANRC004), including a higher-grade section of 22m at 2.78% Cu and 1.25g/t Au.
  • 97m at 0.73% Cu and 0.30g/t Au to end of hole (NANRC001), with multiple higher-grade zones within.
  • 27m at 0.48% Cu and 0.16g/t Au from 119m (NANRC005), alongside several additional mineralised intervals extending to the end of hole.

These intercepts extend beyond the current Mineral Resource Estimate (MRE) and show potential for further expansion of the 40.4Mt resource.

Resource Expansion Potential

The higher-grade zones from holes NANRC001, NANRC002, NANRC004, and NANRC005 indicate the system is open at depth. Geological logging reveals a wide mafic intrusive package over 150m in width and at least 900m in length, flanked by mineralised amphibolite and younger granitoid rocks. Current shallow Inferred MRE estimates include 162,000t of copper and 130,000oz of gold, highlighting a substantial near-surface metal accumulation ready for further exploration.

Funding and Future Drilling

Solstice Minerals has AUD 13.4 million in cash as of December 31, 2025, supporting ongoing Phase 1 drilling completion and the planned Phase 2 RC program. Remaining assays from Phase 1 are expected to prioritise targets for additional expansion drilling. Investors have responded positively, driving SLS shares sharply higher on the news.

Solstice Minerals’ Nanadie Project continues to capture investor attention as Phase 1 RC drilling demonstrates significant high-grade copper-gold mineralisation and potential resource growth. With a well-funded position and further drilling planned, SLS shares are likely to remain in focus as the company advances its exploration and development strategy.