Solis Minerals' Quarterly Activities Report highlights Peru copper projects and Brazil lithium projects

Solis Minerals Limited (ASX: $SLM) has released its quarterly report for the three months ending 28 February 2024, showcasing significant advancements in its copper exploration portfolio in southern Peru. The company has expanded its copper exploration portfolio, advanced llo Este and llo Norte projects, secured new permits, and reviewed multiple exploration opportunities in the region. Additionally, the report provides insights into the progress of the Brazil lithium projects.

Executive Commentary on Peru Copper Projects and Brazil Lithium Projects

The Company has made substantial progress in expanding its copper exploration portfolio in Peru, with advancements in llo Este and llo Norte projects. The focus on remote sensing, drone magnetometry surveys, and IP programs has been instrumental in identifying potential extensions to mineralization and drill targets. Additionally, the Company's strategic acquisition of the Cinto group of permits demonstrates its commitment to continually grow its portfolio of high-quality assets. Regarding the Brazil lithium projects, the Company is conducting a comprehensive review of all geochemical data and logged pegmatites to guide future exploration activities. The results obtained from the maiden drill programs at Mina Vermelha and Estrela projects will inform the decision-making process for further expenditure at these sites.

Summary of Quarterly Activities Report and Future Outlook

Solis Minerals' Quarterly Activities Report highlights the Company's significant progress in expanding its copper exploration portfolio in Peru and the ongoing review of the Brazil lithium projects. The Company's focus on initiating drilling on advanced concessions, creating a pipeline of drill targets, and reviewing multiple exploration opportunities in Peru reflects its commitment to growth and development. The report also emphasizes the Company's cautious approach to the Brazil lithium projects, with a comprehensive review of all geochemical data and logged pegmatites to guide future exploration activities. Solis Minerals remains focused on continually reviewing potential acquisitions in various jurisdictions and commodity spaces, with an emphasis on copper and lithium projects that are drill ready or with known mineralized systems already identified.