Solstice Minerals Limited Uncovers High-Potential Drill Targets at Nanadie Copper-Gold Project, Poised to Expand 40Mt Inferred Resource Amid $15M Cash Strength
Friday, August 8, 2025
at
8:24 am
SOLSTICE MINERALS LIMITED’s new IP survey highlights promising drill targets at its Nanadie Copper-Gold Project in Western Australia. With chargeability anomalies matching key geological features, the upcoming RC drilling program could significantly expand the resource base, driving potential growth for investors in this strategic asset.
Solstice Minerals Limited has advanced its Nanadie Copper-Gold Project with promising new results from a recently completed Dipole-Dipole Induced Polarisation (IP) geophysical survey. The survey has delineated robust chargeability responses, which align with the existing geological framework and aeromagnetic data. These responses, observed as 3–4 times the background levels, were identified immediately north and south of the current inferred mineral resource. The Nanadie deposit, a near-surface body of disseminated and sulphide veinlet chalcopyrite mineralisation approximately 150 meters wide and 900 meters long, currently hosts an inferred resource of 40.4 million tonnes at 0.4% copper and 0.1 g/t gold. The favorable geological setting—with minimal cover and a shallow weathering profile—and secured mining tenure enhance the project's potential for resource expansion.
The company is gearing up for its maiden Reverse Circulation (RC) drilling program, which is designed to test these newly identified targets and extend the existing mineral resource laterally while further exploring the deposit's depth. Historical drilling intersect results, some indicating significant copper grades over extended intervals, add credibility to the prospective mineralisation trends captured by the IP survey. Meanwhile, additional exploration efforts are underway on the company's larger Western Australian project portfolio, supported by a solid cash position of $15 million as of 30 June 2025.
Bullish sentiment centers on the innovative use of geophysical techniques that have confirmed strong, previously untested extensions of a strategically important copper-gold resource. The alignment of IP chargeability anomalies with historic drill results, along with a clear operational path toward resource expansion through RC drilling, bodes well for increased valuation and long-term growth prospects driven by rising copper demand. A favorable operational location, granted mining lease, and a supportive financial position further underpins optimism.
Conversely, bearish sentiment arises from the inherent risks associated with early-phase drilling campaigns. Although the survey results are promising, the conversion of these anomalies into economically viable resources will require successful drilling outcomes. Additionally, exploration in untested strike extensions always carries uncertainties regarding drilling costs and project timelines. Investors should watch for the results of the upcoming RC program, which will be pivotal in confirming the potential resource upgrade.