Solstice Minerals has reported robust copper-gold assay results from its Phase 1 drilling at the Nanadie Project in Western Australia, revealing significant mineralisation beyond the current resource boundaries. These findings reinforce the project's potential for substantial resource growth and underpin plans for further drilling.
- Eight new drill holes confirm wide copper-gold mineralisation outside existing resource
- Notable intercepts include 125m at 0.40% copper and 0.11g/t gold in NANRC014
- Step-out drilling extends mineralisation 160m south, system remains open at depth
- Immediate diamond drilling planned to test high-grade zones and depth extensions
- Project well funded with $13.4 million cash and potential $5.5 million from options
Expanding the Nanadie Footprint
Solstice Minerals Limited has delivered encouraging results from its ongoing exploration at the Nanadie Copper-Gold Project, located in the Goldfields region of Western Australia. The company’s recent Phase 1 reverse circulation (RC) drilling campaign, comprising 23 holes, has yielded significant copper and gold intercepts in eight newly reported holes, with assays pending for the remaining ten.
These latest drillholes were strategically designed to test lateral and strike extensions of the mineralised system. The results reveal multiple broad zones of copper mineralisation, with highlights such as a 125-metre intercept grading 0.40% copper and 0.11 grams per tonne gold in hole NANRC014, and a 96-metre intercept at 0.41% copper and 0.12 grams per tonne gold in NANRC008. Importantly, these intercepts lie outside the current 40.4 million tonne Mineral Resource Estimate (MRE), suggesting substantial potential to grow the resource base.
Step-Out Drilling Confirms Open Mineralisation
Step-out drilling to the south, notably hole NANRC009, has confirmed that the Nanadie system remains open along strike and at depth. This hole intersected mineralisation 160 metres beyond previous drilling, including a 23-metre interval at 0.40% copper and 0.13 grams per tonne gold, with grades increasing towards a deep geophysical target. These findings underscore the prospectivity of the southern extension and support further exploration targeting.
Earlier in the campaign, Solstice reported high-grade intercepts in the southern drilling area, including 62 metres at 1.55% copper and 0.66 grams per tonne gold in NANRC004, and 97 metres at 0.73% copper and 0.30 grams per tonne gold in NANRC001. Geological observations suggest these zones may represent an emerging high-grade corridor, which remains open for expansion.
Strategic Next Steps and Funding Position
In response to these encouraging results, Solstice is planning immediate diamond drilling to follow up on the high-grade intercepts and to test depth extensions and geophysical targets. A Phase 2 RC drilling program is also in the design phase, aiming to build on the current momentum and further expand the MRE.
Financially, Solstice is well positioned to advance the Nanadie Project, holding $13.4 million in cash as of December 2025, with an additional potential inflow of $5.5 million from the exercise of in-the-money options expiring in April 2026. This strong funding base supports the company’s aggressive exploration and development plans.
Project Outlook
Nanadie hosts a shallow Inferred Mineral Resource containing approximately 162,000 tonnes of copper and 130,000 ounces of gold within a granted mining lease. The deposit’s characteristics; near-surface mineralisation, significant strike length, and width; suggest it could support bulk-tonnage mining with low strip ratios. The recent drilling results reinforce the potential for resource growth and highlight the under-explored nature of the project’s soil-covered setting.
Solstice’s CEO Nick Castleden emphasised the significance of the findings, noting the consistent intersection of broad mineralised zones and the open nature of the system. The company’s methodical approach to expanding geological understanding through lateral and step-out drilling is positioning Nanadie as a compelling copper-gold asset in the region.
Bottom Line?
With strong drill results extending beyond current resources and solid funding, Solstice is poised to unlock further value at Nanadie.
Questions in the middle?
- What will the assays from the remaining ten Phase 1 drillholes reveal about the resource extent?
- How will diamond drilling refine the understanding of high-grade zones and depth potential?
- What are the expected timelines for updating the Mineral Resource Estimate following Phase 2 drilling?