Solstice Minerals Limited Launches Advanced IP Survey to Expand 40.4M Tonne Copper-Gold Deposit and Boost Project Value
Thursday, July 3, 2025
at
8:17 am
Solstice Minerals Limited has begun an IP geophysical survey at its Nanadie Copper-Gold Project in Western Australia. This initiative aims to identify key drilling targets to potentially expand resource estimates, positioning the company for growth amid favorable copper and gold market trends.
Solstice Minerals Limited has initiated an Induced Polarisation (IP) geophysical survey at its 100%‐owned Nanadie Well Copper-Gold Deposit in Western Australia. The survey is designed to target the northern and southern extensions adjacent to the current Mineral Resource Estimate (MRE), which already indicates an inferred resource of 40.4 million tonnes averaging 0.4% copper and 0.1 g/t gold. Given Nanadie’s near-surface, disseminated chalcopyrite and sulphide veinlet mineralisation setting, the IP method is especially well-suited to detect additional mineralisation, particularly as past surveys identified strong IP responses up to 200m depth. The new grid layout aims to reach down to 400m vertical depth, potentially uncovering further valuable targets.
The project benefits from its secure tenure, with the deposit and all extension targets held within a large granted Mining Lease covering 130 km². Historical drilling at Nanadie has returned significant intercepts, reinforcing the deposit’s prospectivity for both volume and grade. The company’s current efforts—combining geological reviews with the new IP survey—will help refine target areas and set the stage for a maiden Reverse Circulation (RC) drill program planned for the third quarter of 2025. A successful drilling phase could lead to a material increase in the resource base and add considerable value to the project.
In addition to the Nanadie Copper-Gold Project, Solstice Minerals Limited continues to advance its gold exploration initiatives in the Eastern Goldfields, exploring a vast 1,650 km² land package in close proximity to existing mining operations and processing facilities. The company is active across its portfolio, supported by a robust cash position of $13.6 million and further strengthened by a recent strategic placement, ensuring sufficient funding for ongoing exploration activities.
Bullish sentiment centers on the technical work at Nanadie, where the new IP survey could unlock significant extension targets and support future resource expansion. The geological setting, confirmed mineralisation intercepts, and secured mining lease underpin a promising outlook for growth, while the company’s diversified asset base and strong financial capacity add further stability.
On the bearish side, some uncertainty remains regarding the effectiveness of the extended depth survey and the inherent risks associated with early-stage exploration. The forward-looking nature of the drilling and geological assessments means that actual results could vary from current expectations, warranting cautious optimism from investors.