SLS – Solstice Minerals Limited

Market cap of $11million with $8.75m in kitty at end of last Q.
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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