What Solstice Minerals does

Solstice Minerals Limited is an ASX-listed (ticker SLS) pre-revenue mineral exploration company headquartered in Subiaco, Western Australia. The company was created via demerger from OreCorp Limited and listed on the ASX in May 2022. Solstice has assembled a tenement holding of approximately 2,340km² across four project areas in Western Australia: the Nanadie Copper-Gold Project in the Murchison Region, and the Yarri, Kalgoorlie, and Ponton projects in the Eastern Goldfields. The portfolio is anchored by a JORC-compliant Inferred Mineral Resource Estimate at Nanadie of 40.4Mt @ 0.4% Cu and 0.1g/t Au for 162kt of contained copper and 130koz of gold.

The company applies modern mineral exploration technologies — RC drilling, diamond drilling, aircore drilling, and induced polarization (IP) surveys — supported by a "belt-scale" targeting methodology enabled by consolidated regional tenement ownership. The Nanadie Project is the principal copper-gold growth platform, while Yarri targets stand-alone scale gold discoveries, Kalgoorlie is prospective for gold and magmatic nickel sulphide mineralisation (including high-grade intercepts such as 1.81m @ 18.1% Ni, 19.06g/t Pd at the GSP prospect), and Ponton represents greenfield exploration for gold, base metals, uranium, and rare earth elements. Recent drilling has produced notable intercepts including 62m @ 1.55% Cu, 0.66g/t Au (including 22m @ 2.78% Cu, 1.25g/t Au) in NANRC004 at Nanadie and 29m @ 1.58g/t Au at the Bluetooth prospect at Yarri.

Solstice has no current production or revenue and operates a pre-revenue business model dependent on equity capital markets. The company's go-to-market is investor relations and capital-markets focused — ASX disclosures, investor presentations (including Diggers & Dealers and Resources Rising Stars conferences), analyst coverage by Chieftain Securities, Canaccord Genuity, Argonaut, and Euroz Hartleys, and media engagement. With no debt and an A$236.7M market capitalisation, recent capital deployment has prioritised exploration drilling, with an A$32.6M placement completed in April 2026 to accelerate work at Nanadie. The company is led by Chairman Matthew Yates and CEO & Managing Director Nick Castleden, supported by a technically experienced board including a Rio Tinto Exploration Discovery Award recipient as Exploration Manager.

Name

Solstice Minerals

Legal name

Solstice Minerals Limited

Website

https://solsticeminerals.com.au

Company type

Public

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Gold Ore and Silver Ore Mining (21222), Copper, Nickel, Lead, and Zinc Mining (21223), Metal Ore Mining (2122)

SIC

Gold And Silver Ores (1040), Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)

akta.pro primary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

akta.pro secondary industries

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA), Uranium Exploration & Resource Development (EUAKACAA)

Keywords

• Mineral exploration
• Gold exploration
• Copper-gold mining
• Resource development
• ASX-listed explorer

Headquarters

HQ city

Subiaco

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Pre-Revenue Exploration: Solstice Minerals is a pre-revenue mineral exploration company. The company is in exploration and development phase with no current production or revenue. Future revenue would come from mining operations if exploration results lead to commercial development of its copper-gold and gold projects.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Solstice Minerals is a pre-revenue mineral exploration company that explores for copper-gold and gold deposits across approximately 2,300km2 of consolidated tenements in Western Australia. The company operates four project areas — Nanadie (copper-gold, with a JORC-compliant Inferred Mineral Resource Estimate of 40.4Mt @ 0.4% Cu and 0.1g/t Au), Yarri (gold), Kalgoorlie (gold, nickel sulphides, base metals) and Ponton (greenfield gold, base metals, uranium). It applies belt-scale targeting methodologies, RC and diamond drilling, and induced polarization (IP) surveys to advance resource definition and exploration.

Product overview

Solstice Minerals is a mining exploration company offering a portfolio of four distinct exploration projects in Western Australia. The core offerings include the Nanadie Copper-Gold Project (copper-gold resource development), Yarri Gold Project (gold exploration), Kalgoorlie Project (gold and base metals including nickel sulphides), and Ponton Project (greenfield exploration for gold, base metals, and uranium). The company is listed on the ASX under code SLS and focuses on applying modern exploration methodologies to under-explored tenement holdings in the Eastern Goldfields and Murchison regions of WA.

Differentiator

Problem solved

Functional benefit

Products and services

• Nanadie Copper-Gold Project A copper-gold exploration project located north-east of Sandstone in the Murchison District, Western Australia. Underpinned by a JORC-compliant Inferred Mineral Resource Estimate of 40.4Mt @ 0.4% copper and 0.1g/t gold for 162kt contained copper and 130koz gold. Drilling is focused on expanding the resource base and demonstrating commercial viability.
• Yarri Gold Project A gold exploration project extending over more than 120km of strike in the Eastern Goldfields of Western Australia. Targets stand-alone scale gold systems in gold-endowed greenstone belts, with advanced prospects including Bluetooth (29m @ 1.58g/t Au including 12m @ 2.86g/t Au), Edjudina Range, Statesman Well and Bunjarra.
• Kalgoorlie Project (Ringlock) A gold and base metals project located 80km north-northwest of Kalgoorlie, hosting nickel sulphide prospects Ringlock, GSP and Mt Jewell. Targets extensions of ultramafic belts containing high-grade Silver Swan-style nickel mineralisation, with notable intercepts including 1.81m @ 18.1% Ni, 19.06g/t Pd at GSP.
• Ponton Project A greenfield exploration project over gneiss and greenstone terrain in Western Australia with prospectivity for gold, base metals, uranium and rare earth elements. Located immediately south of Western Mines Group's Mulga Tank Ni-Cu-PGE Project, targeting first-pass drilling in underexplored terrain near established deposits.

Quantifiable outcome

• 40.4Mt @ 0.4% Cu, 0.1g/t Au inferred resource (162kt Cu, 130koz Au) at Nanadie with exploration upside
• +3 more outcomes

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered moderate, minor and core.

• Northern Star Resources (ASX: NST)moderateStrategic or Co-development PartnerNorthern Star's Porphyry Mining Centre is located within 20km of Solstice's Statesman Well and Edjudina Range gold prospects at Yarri Project. The proximity provides potential for infrastructure synergies and validates the gold endowment of the region. Solstice's exploration success may benefit from proximity to operating infrastructure.
• Western Mines Group (ASX: WMG)minorStrategic or Co-development PartnerWestern Mines Group's Mulga Tank Ni-Cu-PGE Project is located immediately to the north and northwest of Solstice's Ponton Project. Both projects target similar geological settings suggesting regional prospectivity for magmatic nickel-copper-PGE mineralisation.
• Saturn Metals (ASX: STN)minorStrategic or Co-development PartnerSaturn Metals' Apollo Hill gold deposit is located approximately 20km northwest of Solstice's Bunjarra licence at Yarri Project. Both projects are in the same gold endowed region suggesting shared prospectivity.
• Elevate Uranium (ASX: DYL)minorStrategic or Co-development PartnerMulga Rock uranium deposits are in the same region as Solstice's Ponton Project. The regional paleochannel passing through Ponton's southeastern tenure is considered prospective for uranium mineralisation.
• Automic Pty LtdcoreOthersShare registry services provider managing shareholder records, share transfers, dividend payments, and shareholder communications for Solstice Minerals.
• WilliamBuck AuditcoreOthersExternal auditor providing independent audit services for Solstice Minerals' financial statements and regulatory compliance.
• NAB (National Australia Bank)coreOthersPrimary banking institution for Solstice Minerals providing transaction banking and financial services.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• De Grey Mining: ASX-listed WA gold developer with the Hemi project in the Pilbara, formerly an explorer before scaling into development. Comparable as a WA-focused gold company with similar geological and infrastructure drivers, although at a larger pre-development stage.
• Genesis Minerals: ASX-listed WA gold developer/producer with the Ulysses and Gwalia operations. Comparable in regional focus (WA gold) and development-stage exposure, serving as an incumbent benchmark for the path from explorer to producer.
• Capricorn Metals: ASX-listed WA-focused gold producer with operations including Karlawinda and Mt Gibson. Shares Solstice's Eastern Goldfields regional focus and commodity exposure but operates at producing scale, making it a relevant incumbent reference.
• Northern Star Resources: Major ASX-listed gold producer whose Porphyry Mining Centre lies within 20km of Solstice's Yarri prospects. While not a direct peer in scale, Northern Star's presence provides infrastructure leverage and validates the regional gold endowment Solstice is targeting.
• Ramelius Resources: Mid-tier ASX-listed gold producer with multiple operations in Western Australia, including Mt Magnet and Edna May. Comparable on commodity and geography but at a much larger, producing scale, making it a broad incumbent benchmark for Solstice's development path.

Direct peers

• Saturn Metals: ASX-listed WA gold explorer whose Apollo Hill deposit lies approximately 20km from Solstice's Bunjarra licence at the Yarri Project, directly comparable in scale, commodity focus, and regional geological setting.
• Kin Mining NL: ASX-listed WA-focused gold explorer of broadly similar market capitalisation and stage, with the Cardew, Mt Flora, and Mertondale projects in the Eastern Goldfields region — directly comparable to Solstice in commodity, geography, and scale.
• OreCorp Limited: Solstice was demerged from OreCorp in May 2022, with shared management (Matthew Yates remains Executive Chairman of both). OreCorp's WA and African gold/base metals focus makes it the closest corporate and operational peer.
• Western Mines Group: ASX-listed exploration company whose Mulga Tank Ni-Cu-PGE Project is located immediately north of Solstice's Ponton Project, pursuing the same magmatic nickel-copper-PGE mineralisation style and representing a directly comparable explorer peer.
• Elevate Uranium: ASX-listed uranium explorer whose Mulga Rock deposits sit in the same region as Solstice's Ponton Project. Both target uranium mineralisation in paleochannel settings, making Elevate a directly comparable peer on the uranium leg of Solstice's portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/solstice-minerals

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Solstice Minerals