SLM - Solis Minerals

[System]

Solis Minerals is a mineral exploration company strategically focussed on exploring for, and (in future and subject to exploration success) developing, large scale copper and copper/gold projects in well-known and productive districts in Latin America.

The Company primarily selects projects with an existing mineral endowment indicated by historic exploration, with the goal of accessing untapped value via the application of modern and systematic exploration methods and expertise.

The Company's three key projects are:

• the Mostazal Project located in the Atacama region of Chile - The Company has recently acquired an option to earn up to a 100% interest in the project for staged payments totalling US$5 million over four years, along with staged work expenditures totalling US$5 million;
• the Ilo Este and Ilo Norte Projects, prospective for copper and gold and located within southern Peru’s coastal copper belt. The Company acquired a 100% interest in the projects from Latin Resources in 2018.

The Company has recently withdrawn from its Saskatchewan Project (in which it had previously earned a 50% interest) and has recently wholly divested its historical Mexican projects through the sale of its Mexican subsidiaries pursuant to contracts dated 6 October 2021.

It is anticipated that SLM will list on the ASX during December 2021.

Home - Solis Minerals

solisminerals.com

 

[Dona Ferentes]

Listing date	24 December 2021 11:00 AM AEDT ##
Company contact details	https://solisminerals.com/ +1 (604) 209-1658
Principal Activities	Mining exploration
GICS industry group	TBA
Issue Price	AUD 0.20
Issue Type	CHESS Depositary Interests
Security code	SLM
Capital to be Raised	$6,000,000
Expected offer close date	10 December 2021
Underwriter	Not underwritten. Euroz Hartleys Limited (Lead Manager).

 

[Swervin Mervin]

Grabbed a few at 25c today. Got a bit of interest into the close. Hopefully goes on with the job tomorrow

 

[Dona Ferentes]

Copper sulphides, sometimes locally abundant, have been observed during logging of the first two holes completed from surface down to 362m (in hole 1) and 444m (in hole 2), as part of an initial 2,000m diamond drilling program at the flagship Mostazal Copper Project in Chile. Solis’ maiden drill program is targeting both near surface manto-style copper mineralisation and an interpreted primary copper porphyry mineralisation feeder structure at depth.

won't it be nationalised?

 

[Dona Ferentes]

now Brasil and lithium

Solis Executes Option to Acquire Jaguar Lithium Project in Brazil

Highlights
• Solis signs binding agreement to acquire the “Jaguar” lithium project in Bahia state, north-east Brazil
• Jaguar pegmatite has confirmed Spodumene grades in oxidised pegmatite up to 4.95% Li2O from rock chip samples
• Extensive pegmatite body mapped over 1km of strike, with widths in excess of 50m with coarse visible Spodumene exposed across pegmatite body.
• Solis’ largest shareholder, Latin Resources, to provide exploration guidance and country experience
• The Jaguar pegmatite is located proximal to a large granitic source, and its geological setting is consistent with other hard rock lithium provinces in Brazil
• Jaguar project is located on a granted mining lease with permits in place to commence drilling. Solis has secured a drill rig and plans to initiate drilling in June.

Executive Director Matthew Boyes

“Brazil is fast becoming a significant player in the hard rock Lithium space. Solis’s primary objective is to quickly position itself by acquiring highly prospective underexplored projects in the northeast of Brazil. The Jaguar pegmatite hosts confirm LCT-bearing pegmatites with some of the coarsest and most abundant Spodumene occurrences I have seen.

"These tenements in what may be a new Lithium province are a fantastic addition to our already large tenement position in the northeast of Brazil, and with drilling to commence immediately, I am excited by this opportunity to better understand the potential of this very exciting system.”

And up 200+ per cent since emerging from TH. Market cap still sub $20m

 

[peter2]

SLM price has exploded higher since the last post. Now trading at 1.11. SLM has raised 8M at 0.55 to advance their drilling plans.
Brazil spodumene is HOT right now.

 

[peter2]

SLM now enters my S3 parasite watchlist.

SLM issues 2.5M (current value approx $3M) to S3 for digital marketing campaigns.

NextInvestors portfolio already touting huge 540% gains in their "investment" in SLM.

 

[peter2]

Jaguar causes deep wounds (-40%) to SLM shareholders.

 

[Dona Ferentes]

1. The Company is not aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in the Company’s securities.
2. Not applicable.
3. The Company is not aware of any other explanation which would explain the recent change in price and increase in volume of the Company’s securities.
4. The Company confirms it is in compliance with the Listing Rules, in particular Listing Rule 3.1.

...just random actions of unconnected investor interest.
.

 

[Dona Ferentes]

now Brasil and lithium

Solis Executes Option to Acquire Jaguar Lithium Project in Brazil

now Peru and copper porphyry

“The Peruvian exploration season has well and truly moved into high gear. We have now identified and secured additional tenements at Ilo Norte. We have also undertaken remote satellite data acquisition and processing, enabling us to focus on the most prospective areas now that exploration access is available.

"Our tenements occupy what we believe to be a very prospective corridor for copper porphyry-hosted mineralisation within an Andean belt that hasn’t been fully explored....

 

[peter2]

What happened to all those lithium pegmatites? Huge potential! Spruiked by all the usual candidates (esp. S3).

This chart is a classic "pump & dump" example. Share price back near where it started before buying Brazil Li prospect.

 

[Dona Ferentes]

What happened to all those lithium pegmatites? Huge potential! Spruiked by all the usual candidates (esp. S3).

This chart is a classic "pump & dump" example. Share price back near where it started before buying Brazil Li prospect.

when the spruikers started getting 'familiar' as they did recently, making mention of peggies and spods , I knew it was time to run.

don't hold any direct lithium stocks.