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Solstice Minerals Limited (ASX:SLS)

ALERT: Price-sensitive ASX Announcement for SLS
Current share price for SLS : $2.180 1.83 (522.86%)+
Release
17 Oct 2025 8:21AM
Price at Release
$0.350
Full Release
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Summary
Solstice Minerals Limited, trading on the ASX under the code 'SLS', released its quarterly activities report on 17 October 2025. The company highlighted significant progress in its exploration activities across its tenements in Western Australia. Notably, Solstice completed the acquisition of a 100% interest in the Nanadie Copper-Gold Project, which includes a JORC-compliant Inferred Mineral Resource Estimate of 40.4 million tonnes at 0.4% copper and 0.1g/t gold. The company also continued exploration at its Yarri project, achieving notable drill results at the Bluetooth gold prospect. The financial report for the quarter ended 30 September 2025 indicated a net cash usage in operating activities of $883,000, with cash and cash equivalents totaling $14.09 million at the end of the period. Solstice reported no cash flows from investing activities and minimal cash inflows from financing activities, with a net increase in cash from the exercise of options. The company remains focused on advancing its exploration projects, leveraging its strategic landholdings in WA's prolific greenstone belts.
Key Points
  • Acquisition of a 100% interest in the Nanadie Copper-Gold Project.
  • JORC-compliant Inferred Mineral Resource Estimate of 40.4Mt at 0.4% copper and 0.1g/t gold.
  • Continued exploration and significant drill results at the Bluetooth gold prospect.
  • Net cash used in operating activities for the quarter was $883,000.
  • Cash and cash equivalents at the end of the quarter stood at $14.09 million.
  • No cash flows from investing activities were reported.
  • Minimal cash inflows from financing activities through the exercise of options.
  • Strategic focus on exploration in WA's greenstone belts.
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.