SLS - Solstice Minerals

[System]

Solstice Minerals is a new generation explorer listed on the Australian Securities Exchange (ASX) under the code SLS. The Company demerged from OreCorp Limited in March 2022.

Solstice has assembled an extensive tenement holding (licences and applications) covering approximately 2,620km2 over four project areas: Yarri, Kalgoorlie, Yundamindra and Ponton. The tenement holding has been largely under-explored, with modern exploration previously restricted by disjointed tenement ownership and limited funding. Solstice’s ownership consolidation provides an opportunity to apply cutting-edge targeting methodologies using a belt-scale approach.

The Company is well funded with no debt and is looking to develop and expand its footprint in the Eastern Goldfields.

It is anticipated that SLS will list on the ASX during April 2022.

Solstice Minerals Limited | Home

Solstice Minerals Limited is a development company based in Australia.

solsticeminerals.com.au

 

[Dona Ferentes]

Listing date	02 May 2022 ; 11:00 AM AEST ##
Company contact details​	https://solsticeminerals.com.au/
Principal Activities	Mineral exploration and development
Issue Price	AUD0.20
Issue Type	Ordinary Fully Paid Shares
Security code	SLS
Capital to be Raised	$12,000,000
Expected offer close date	05 April 2022
Underwriter	Not underwritten. Euroz Hartleys Limited and Argonaut Securities Pty Ltd (Joint Lead Managers).

 

[The Triangle]

​

Listing date	02 May 2022 ; 11:00 AM AEST ##
Company contact details​	https://solsticeminerals.com.au/
Principal Activities	Mineral exploration and development
Issue Price	AUD0.20
Issue Type	Ordinary Fully Paid Shares
Security code	SLS
Capital to be Raised	$12,000,000
Expected offer close date	05 April 2022
Underwriter	Not underwritten. Euroz Hartleys Limited and Argonaut Securities Pty Ltd (Joint Lead Managers).

In the trading account. Not sure I'll keep these. ORR was/is a relatively small holding of mine so my SLS shares are a microscopic holding. But like all junior IPOs/spinoffs - I'll wait for some bump/pump in the news flow to dump them.

Waiting on the typical "prospective lithium" announcement...

 

[Dona Ferentes]

In the trading account. Not sure I'll keep these. ORR was/is a relatively small holding of mine so my SLS shares are a microscopic holding. But like all junior IPOs/spinoffs - I'll wait for some bump/pump in the news flow to dump them.

gotta be quick on Day One. Opened at 25c, to 26.5c soon after but now 22c

 

[The Triangle]

gotta be quick on Day One. Opened at 25c, to 26.5c soon after but now 22c

I saw it there on open and sipped away at my coffee thinking - just sell, get rid of them and go buy a new TV.

 

[Dona Ferentes]

In the trading account. Not sure I'll keep these....

Many retail hoping to trade/ stag don't even find the holding until the next day. Love an equal market

(DNH)

 

[Sean K]

I was granted about 5 shares in this due to owning ORR. Didn't think about selling as I think they do have some prospective ground and might turn something up one day. In the bottom draw for the moment. Hopefully those 5 shares don't slip through the cracks in the draw.

 

[Sean K]

I'm not even watching this as I didn't think the spin off assets had anything going for them, so missed this ann.

Hopefully some follow up drilling on this prospect hits something.

 

[Dona Ferentes]

Summer Solstice today. At 5pm we begin tilting away from the sun. Mind your balance.
.
I wonder if this one will change direction?
since listing

Market cap of $11million with $8.75m in kitty at end of last Q.
.
During 2023, the Company was focussed on systematically progressing exploration at the Company’s gold and base metal projects in the Eastern Goldfields of Western Australia. The Company’s key projects are the extensive Yarri gold project, containing the Hobbes Gold Project, the Ringlock Dam Nickel Project and the early-stage Bunjarra and Ponton Gold Projects. Exploration of the portfolio during the year has also expanded to embrace the battery metal suite of elements.

Operational highlights for the year included the announcement of a maiden Mineral Resources Estimate at Hobbes that delivered 4.6 million tonnes at 1.2g/t Au for 177,000 ounces. The Hobbes gold deposit remains strategically positioned for future commercialisation, located close to established mining and haul road infrastructure approximately 5km southwest of Northern Star Limited’s Porphyry Mining Centre and approximately 45 kilometres north of Carosue Dam.

Elsewhere in the Yarri Project, aircore drilling completed at Hobbes identified a high-priority potential fresh-rock Rare Earth Oxides + Yttrium target at the Leviathan Prospect. Follow-up reconnaissance aircore drilling at the prospect confirmed a kilometre-scale fresh rock TREOY
target. The Company is planning a shallow Reverse Circulation drilling program as a next step to test the fresh rock profile and potential for a high-volume TREOY deposit in this geological setting.
At Ringlock, work focussed on the historical GSP prospect, a high tenor magmatic nickel sulphide system where the Company’s 2022 maiden diamond drill program returned vein results up to 1.81m @ 18.1% nickel, 19.06g/t palladium, 2.22g/t platinum, and 2.21g/t gold. Shallow RC drilling is
planned to confirm the orientation of a prospective footwall contact above a potential high-value down plunge exploration target on the southeast side of a cross-cutting fault.

Exploration at the Bunjarra Project included a first stage wide spaced aircore drilling program over soil covered gold targets located 70km northwest of Hobbes. Drilling delivered new +0.10g/t gold anomalism in weathered bedrock at or close to end of hole. Results have opened up numerous new gold prospects and the next step will be targeted infill aircore drilling.

 

[noirua]

Historical prospects impress Solstice, with 25% copper and significant anomaly

Solstice Minerals Ltd has picked up impressive base metal mineralisation from historical analysis and sampling at two new prospects in WA.

themarketonline.com.au

The rock chip samples were taken from Prospect A- one of two historical copper prospects at the Cosmo Exploration Licence connected to Yarri – and included results of up to 25 percent copper, 6.12 grams per tonne gold and 136.75 grams per tonne silver.

Prospect A had previously been the site of shallow trenching, yielding rock chip samples of up to 17 percent copper, and this historical evidence had prompted Solstice to conduct fieldwork there in April to pinpoint the prospect area and collect modern samples for analysis.

 

[Dona Ferentes]

Barry Fitzgerald talks about Solstice having plenty of cash, some $17M of its 20mill MC

Barry FitzGerald: Any junior explorers with the luxury of cash in the bank? Garimpeiro has found one - Stockhead

Solstice Minerals has over $17 million in the bank, making it a gold explorer with an interesting ground position and low dilution risk.

stockhead.com.au

 

[Dona Ferentes]

plus (minus) of course shares coming out of escrow