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Solstice Minerals (ASX: $SLS) plans aircore drilling for gold and rare earth oxides targets

Solstice Minerals (ASX: $SLS) Quarterly Activities Report highlights


Solstice Minerals Limited (ASX: $SLS) is pleased to present its Quarterly report (Report) for the period ended 31 December 2023. The report outlines the company's plans for sequential aircore drilling at the Yarri Project for gold and rare earth oxides targets, including heritage and environmental approvals for aircore drilling over multiple new gold targets. The company also completed two shallow Reverse Circulation (RC) drillholes at the Leviathan Rare Earth Oxides + Yttrium (TREOY) Prospect to test the fresh rock profile below TREOY anomalism in aircore drilling. Solstice also provided updates on its Ringlock Project for nickel exploration and its exploration regional and project generation activities.

Executive Commentary


The Company's ongoing strategy to test new 'stand-alone scale' gold targets in gold endowed greenstone belts demonstrates our commitment to exploring untapped potential. We are excited about the strong follow-up targets defined at Bunjarra and the ongoing infill drilling at prospects such as Statesman Well and Bluetooth. The completion of two shallow Reverse Circulation (RC) drillholes at the Leviathan Rare Earth Oxides + Yttrium (TREOY) Prospect marks a significant step in our exploration efforts for rare earth oxides. We are also looking forward to the upcoming drilling activities at the Ringlock Project to determine contact orientations above a potential high-value down-plunge exploration target. The Company's focus on reviewing and turning-over tenure as its exploration programs evolve demonstrates our commitment to delivering significant value to our shareholders.

Summary of Quarterly Activities


Solstice Minerals Limited (ASX: $SLS) has outlined its plans for sequential aircore drilling at the Yarri Project for gold and rare earth oxides targets, with heritage and environmental approvals in place for aircore drilling over multiple new gold targets. The company also completed two shallow Reverse Circulation (RC) drillholes at the Leviathan Rare Earth Oxides + Yttrium (TREOY) Prospect to test the fresh rock profile below TREOY anomalism in aircore drilling. Additionally, Solstice provided updates on its Ringlock Project for nickel exploration and its exploration regional and project generation activities. The company's ambitions include ongoing infill drilling at prospects such as Statesman Well and Bluetooth, as well as the strategic divestment of non-core tenure during H1 2024. Solstice remains well funded with approximately $8.2 million in cash and no debt, offering shareholders excellent leverage to exploration success.

Sourcehttps://announcements.asx.com.au/asxpdf/20240123/pdf/05zn777c8qxm51.pdf

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