Solis Minerals Limited (ASX: $SLM) announces new copper exploration licences in Peru

Solis Minerals Limited (ASX: $SLM) has successfully applied for a 6,400-hectare package comprising seven licences of largely underexplored exploration areas in a highly prospective coastal belt in Peru. The areas were previously held by Anaconda Copper, and field visits by Solis teams indicate minimal ground exploration has been carried out in recent times. The company now holds a significant landholding of 43,500 hectares, establishing Solis as a significant landholder in a highly prospective and emerging belt with porphyry copper potential.

Executive Director's Commentary on Expansion

We are very pleased to further bolster our portfolio through the addition of a large land package containing highly prospective copper exploration ground in Peru. Solis is building a compelling portfolio of exploration properties in an underexplored porphyry belt, with excellent access and existing infrastructure. Drill permits are advancing as quickly as possible in conjunction with our ongoing non-invasive exploration efforts, preparing us to commence drilling once all necessary approvals are obtained and first drill sites are finalised. Solis continues to review and progress potential acquisitions in the copper and lithium space across targeted areas of South America and has two teams dedicated to the evaluation process, which is now bearing significant fruit. In the next 6-12 months will see advancements across our pipeline of copper exploration projects in Peru as we continue to look to add to our Brazilian portfolio of lithium properties.

Summary of Announcement and Outlook

Solis Minerals Limited (ASX: $SLM) has expanded its copper exploration portfolio in Peru by acquiring a 6,400-hectare package comprising seven licences of largely underexplored exploration areas. The company now holds a significant landholding of 43,500 hectares, establishing Solis as a significant landholder in a highly prospective and emerging belt with porphyry copper potential. The company's next steps involve prioritizing the advancement of the drill permitting process in Peru over its llo Este, Chancho Al Palo (llo Norte), and Cinto project areas, while continuing to review and advance targeted lithium and copper opportunities in South America. Solis aims to add to its Brazilian portfolio of lithium properties and expects advancements across its pipeline of copper exploration projects in Peru in the next 6-12 months.