InvestSMART

Solara Minerals Limited (ASX:SLA)

ALERT: Price-sensitive ASX Announcement for SLA
Current share price for SLA : $0.083 -0.097 (-53.89%)+
Announcement
Release
10 Dec 2025 10:01AM
Price at Release
$0.180
Full Release
download
Summary
Solara Minerals Limited has commenced drilling at the Degrussa West Project, strategically located west of the Degrussa Copper-Gold Mine, to explore high-priority gold-copper targets. The geophysical surveys revealed promising conductive features, suggesting potential mineralized structures. The drilling program, initially comprising 12 holes, focuses on examining structural complexities and geochemical anomalies. Downhole electromagnetic surveying will guide any subsequent diamond drilling. This initiative is bolstered by a $180,000 grant from the Exploration Incentive Scheme. Solara is also exploring additional acquisition opportunities within Australia.
Key Points
  • Drilling has commenced at the high priority Degrussa West Project.
  • The project is located 17km west of the Degrussa Copper-Gold Mine.
  • Degrussa West target is similar in geological characteristics to the Degrussa Mine.
  • Solara’s electromagnetic survey identified a conductive feature indicating potential mineral deposits.
  • Initial drilling program includes 12 holes targeting gold-copper anomalies.
  • Downhole electromagnetic surveying is planned to decide on further diamond drill testing.
  • The project is supported by $180,000 Exploration Incentive Scheme funding.
  • Solara aims to identify other high-value acquisition opportunities in Australia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.