SOLSTICE MINERALS LIMITED Uncovers Major Copper-Gold Drill Targets at Nanadie Project with Robust $13.6M Cash Backing for Resource Expansion
Thursday, May 22, 2025
at
8:18 am
Solstice Minerals Limited has identified promising extension targets at its Nanadie copper–gold project. With a maiden RC drilling program planned mid‑2025, the deposit’s open structure could drive a significant resource expansion—an appealing prospect for investors eyeing long‑term value in quality mining assets.
Solstice Minerals Limited has provided an update on its Nanadie Copper-Gold Project in Western Australia, highlighting significant resource extension targets identified through detailed geological work. The company’s recent systematic re-logging of historical drill holes and updated structural interpretation have revealed compelling expansion opportunities adjacent to the current Inferred Mineral Resource Estimate of 40.4 million tonnes at 0.4% copper and 0.1 g/t gold. The current deposit, which spans approximately 150 meters by 900 meters and remains open at depth, may see significant growth through extensions identified to the southeast and northwest. These promising targets, backed by induced polarization and aeromagnetic responses, indicate the potential to not only add volume but also identify new high-grade zones.
The announcement details that drillholes within the deposit have shown mineralization continuing to the end of hole, suggesting that there is scope to widen and deepen the mineralized system. Solstice Minerals is preparing its maiden Reverse Circulation drilling program, expected to commence mid-2025, to validate these targets. Success in these initial tests could pave the way for further systematic drilling and an expanded Mineral Resource Estimate, enhancing the value of the project. Historical drill intercepts at Nanadie, including significant widths with copper and gold values, reinforce the quality of the asset and hint at its potential as a substantial source for strategic metals.
In addition to the Nanadie developments, the company’s robust cash position of $13.6 million provides flexibility to advance other key projects, including its Yarri Project gold prospects and ongoing gold target evaluations at various WA sites. The comprehensive exploration strategy, combined with granted mining lease tenure and proximity to mining infrastructure, positions Solstice Minerals to take advantage of favourable long-term supply-demand trends in copper and gold.
Bullish sentiment is supported by the technical indicators revealed in the update, as the identified extension targets and drilling plans suggest the possibility for a material increase in the deposit’s size and grade. The systematic reassessment and solid geophysical responses generate optimism among investors, backed by the company’s strong cash reserves and strategic project portfolio. However, a cautious note remains for beginner traders, given the inherent risks in early-stage exploration, including drilling uncertainties and the forward-looking nature of the project’s estimates and assumptions.