Solis Minerals (ASX:SLM) drilling programme update

Solis Minerals Limited (ASX:SLM) is pleased to announce the progress of the maiden drilling programmes at the Estrela and Mina Vermelha lithium pegmatite projects in the Borborema Province, Brazil. The drilling has resulted in successful pegmatite intersections with visible spodumene identified in six of the fourteen drillholes completed to date. The most encouraging result is from MVDDH0002, which intersected 168.8m (true width 48-75m) of pegmatite in Mina Vermelha, indicating potential for a large system. Four drillholes have been submitted for analysis to date.

Executive Director, Matthew Boyes, on drilling progress

Drilling crews have steadily performed on schedule over the past four weeks at Estrela and are now also operating at the Mina Vermelha Prospect. The crews are on course to complete both programmes within the scheduled timeframe and have all core processed and submitted with the laboratories before the Christmas break. Initial signs are encouraging with visible spodumene bearing pegmatites intersected in several target areas including significant widths of pegmatite reported especially in the initial holes at Mina Vermelha. We are looking forward to receiving our first assay results which will assist in the team gaining a full understanding of the distribution of the mineralisation within the system and also direct the next round of drilling at both projects.

Summary of Solis Minerals (ASX:SLM) drilling update

Solis Minerals Limited (ASX:SLM) has made significant progress with the maiden drilling programmes at the Estrela and Mina Vermelha lithium pegmatite projects in the Borborema Province, Brazil. The successful pegmatite intersections and visible spodumene in several drillholes indicate the potential for a large system, particularly at Mina Vermelha. The company is eagerly awaiting assay results to gain a full understanding of the mineralisation distribution and to direct the next round of drilling at both projects. Additionally, Solis Minerals is conducting a major regional geochemical soil programme in northern Borborema Province to identify new drill targets, scheduled to be completed in early 2024. The company's progress reflects its commitment to exploring and developing critical minerals in Latin America, positioning itself to meet the increasing demand for battery manufacturers. Solis Minerals remains focused on its corporate strategy and the successful execution of its exploration activities.