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Solis Minerals Limited (ASX: SLM) (TSXV: SLMN) (OTCQB: SLMFF) (FSE: 08W), based in West Leederville, Western Australia, is an emerging lithium explorer with a focus on Latin American battery minerals. The company owns the Borborema Lithium Project in NE Brazil covering 25,600 hectares. Solis has applied for new copper exploration licenses in Peru, adding a significant land package. Recent field visits have identified copper mineralization and alteration indicative of porphyry-style mineralization, enhancing exploration potential. Solis is diligently advancing drill permit applications in Peru and engaging with local communities to progress exploration activities.
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Solis Minerals Limited announced a contract with StocksDigital for marketing and investor communication services, involving the issuance of 2,500,000 shares to StocksDigital. However, due to TSX-V policies, the shares cannot be issued as compensation, leading to a revised agreement. The company will issue 1,750,000 unquoted options to StocksDigital and pay A$307,500 in compensation. The options have an exercise price of A$0.09 each and expire on 31 December 2025, with a vesting period of 12 months and a voluntary escrow period until 30 May 2025.
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Solis Minerals Limited presents its quarterly report for the three months ending 30 November 2023. The report covers progress on the exploration program at the Estrela Prospect and the Mina Vermelha Prospect in Brazil, as well as advancements in the Peru Copper Projects. Additionally, the report includes updates on the major regional geochemical soil program and the Company's financial status.
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Solis Minerals Limited has completed drilling programs at the Estrela and Mina Vermelha lithium pegmatite projects, with no significant lithium found in the initial results. The company remains well-funded and is evaluating potential new project acquisitions in Brazil and Peru. The geochemical sampling program is expected to be completed in early 2024, with assay results expected in February and March 2024.
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Solis Minerals Limited (ASX: SLM) has completed the Induced Polarisation (IP) geophysical study at its Ilo Este Porphyry Copper (Cu) project in Peru. The study has identified a large high magnitude chargeability anomaly, confirming a highly prospective large-scale untested drill zone. The company is pleased with the results and has initiated the drill permitting processes to test these anomalies with drilling next year.
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Solis Minerals Limited (ASX: SLM) has reported successful drilling programs at the Estrela and Mina Vermelha lithium pegmatite projects in Brazil. Visible spodumene has been identified in several drillholes, with the most encouraging results from MVDDH0002, indicating potential for a large system. Maiden drilling programs are underway, with 2,500m completed to date and promising intersections reported. The company is expecting assay results to guide the next round of drilling at both projects.
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Solis Minerals Limited (ASX: SLM) announces that all resolutions were passed on a poll during the Annual General Meeting of Shareholders held on October 31, 2023 in Perth, Australia. The Voting Results are attached for shareholders.
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Solis Minerals Limited has announced the commencement of the second drill rig at the Estrela prospect in the Borborema Province of Brazil. The drilling program aims to test all currently known pegmatites on the Estrela tenements before the end of the year. Additionally, Solis has contracted Mountain GMT to conduct a large geochemical program on several northern tenements in the Borborema Project package.
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Solis Minerals has commenced a diamond drill program at its Estrela prospect in the Borborema Lithium Province in Brazil.
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Solis Minerals enters option agreement to purchase Mina Vermelha Project in Brazil
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Solis Minerals identifies new lithium targets at Estrella prospect, positive results from preliminary mapping and rock chip sampling, additional drill rigs mobilized for exploration at Borborema and Jaguar Projects. Due diligence period for Jaguar being re-negotiated for systematic evaluation. Brazil emerging as high-grade lithium region.
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FAQ
What is the current stock price of SOLIS MINERALS (SLMFF)?
The current stock price of SOLIS MINERALS (SLMFF) is $0.0515 as of December 16, 2024.
What is the market cap of SOLIS MINERALS (SLMFF)?
The market cap of SOLIS MINERALS (SLMFF) is approximately 5.5M.
Where is Solis Minerals Limited based?
Solis Minerals Limited is based in West Leederville, Western Australia.
What projects does Solis Minerals own?
Solis Minerals owns the Borborema Lithium Project in NE Brazil covering 25,600 hectares.
What recent exploration activities has Solis Minerals undertaken?
Solis Minerals has applied for new copper exploration licenses in Peru and conducted field visits to identify copper mineralization indicative of porphyry-style mineralization.
What is Solis Minerals' focus in Latin America?
Solis Minerals focuses on exploring battery minerals, particularly lithium, in Latin America.
What is Solis Minerals' approach to community engagement?
Solis Minerals engages with local communities to advance drill permit applications and exploration activities, showing a commitment to responsible mining practices.
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