Welcome to our dedicated page for Solis Minerals news (Ticker: SLMFF), a resource for investors and traders seeking the latest updates and insights on Solis Minerals stock.
Solis Minerals Ltd (SLMFF), quoted on the ASX as SLM, generates frequent exploration and corporate news as it advances its South American copper portfolio. Company announcements describe Solis as an emerging exploration company focused on copper and copper-gold projects in Peru, including its flagship Ilo Este project, the Ilo Norte project, the 100%-owned Cinto Copper Project and the Cucho Copper Project, where it has a staged earn-in agreement.
News updates commonly cover the start and progress of diamond drilling campaigns, the receipt of drilling permits from Peru's Ministry of Energy & Mines, and technical results from geophysical and geochemical programs. Examples include drilling commencing at Ilo Este to test magnetic and induced polarisation anomalies, visual observations of extensive copper mineralisation in drill core, and the granting of drilling permits and mobilisation of drill rigs at Cinto.
Investors can also expect announcements on project acquisitions and land position changes, such as the agreement to acquire an interest in the Cucho Copper Project and applications for additional exploration concessions around Cucho. Financing and corporate updates, including equity placements to fund exploration across the Peruvian portfolio and changes to the company’s financial year-end or corporate domicile, are also regular features of Solis Minerals’ news flow.
Because Solis is at an exploration stage, its news releases place strong emphasis on technical information: surface sampling results, geophysical modelling, historical drill data and the design of upcoming drilling programs. For readers tracking SLMFF, this news page provides a consolidated view of these updates, allowing close monitoring of how the company progresses its copper and copper-gold targets in Peru and manages its broader exploration pipeline.
Solis Minerals (OTC:SLMFF) has completed due diligence on the Cucho Copper Project in Peru and confirmed strong porphyry-style exploration potential based on historical drilling, relogged core, updated geological modelling and geophysics. Drill permitting is advanced and a ~5,000-metre drill program is targeted to commence late H1 2026.
Commercial terms were renegotiated to defer/share milestone payments and align cash and share payments with permit and drilling milestones, enabling staged earn-in to JVCo up to 75% (option to acquire 100%).
Solis Minerals (ASX: SLM / OTC: SLMFF) registered as an Australian company effective 8 December 2025 following shareholder approval on 16 September 2025. The continuance converts existing Canada-registered common shares/CDIs into fully paid ordinary shares on a 1:1 basis so shareholders hold shares directly and tradeable on ASX.
An indicative ASX timetable lists key events: last CDI trading and ASX name change on 12 Dec 2025, deferred settlement trading from 15 Dec, Canadian register closure on 16 Dec, CDI cancellation and end of deferred settlement on 23 Dec, and holding statements despatched on 24 Dec 2025.
Solis Minerals (OTC:SLMFF) has received drilling permits for its 100%‑owned Cinto Copper Project in southern Peru and will commence mobilisation and pad preparation in December 2025. The company budgeted ~2,500 metres (about five diamond holes) for a maiden campaign from 17 permitted drill pads. Work will target coincident IP chargeability/resistivity anomalies and high‑grade surface geochemistry, including grab assays up to 7.14% Cu and channel results such as 23.4m @ 0.88% Cu. Cinto sits 15 km from Toquepala and 38 km from Quellaveco. A water permit is expected by mid‑December 2025.
Solis Minerals (OTC:SLMFF) announced new 3D reprocessing of historical magnetics and induced polarization data at the Cucho copper‑molybdenum project, Peru, identifying multiple compelling targets including a deeply rooted Eastern Chargeable Body open >500–600 m that is a priority for testing.
The company plans a drill programme in Q2 2026, a drone magnetics survey in December 2025, expanded surface geochemistry, and says community approvals are in place with drill permitting commenced. Solis can earn up to 75% of Cucho and holds a seven‑year option to acquire 100%.
Solis Minerals (ASX: SLMFF) applied for an additional 4,000 hectares of exploration concessions adjacent to the Cucho copper project in Peru, expanding its footprint next to Fortescue's ground (about 1 km northeast).
Planning has started for ~20 drill pads at Cucho, and the company has begun the FTA permitting process, which it estimates will take 5–6 months. Solis targets maiden JORC resource work in 2026 while maintaining an active 2025–2026 drilling pipeline across Ilo Este, Cinto, Cucho and Canyon.
Solis Minerals (SLMFF) agreed 21 October 2025 to acquire up to 75% of the Cucho Copper Project, Peru, via a staged earn-in with an option to acquire 100% (subject to shareholder approval).
Key facts: Cucho is a large-scale porphyry copper-molybdenum-silver system with a 3,600 hectare land package and a 3 x 1.8 km mineralisation footprint. Historical drilling (2014) returned multiple long intercepts from surface (e.g., 269.1m @ 0.25% Cu). Project lies ~183 km north-northwest of Lima and ~40 km from Element 29's Elida.
The company plans drilling in early 2026. Cucho has no current Mineral Resource and historical anomalies remain largely untested.
Solis Minerals (ASX:SLM / OTC:SLMFF) has received firm commitments to raise up to A$5.9 million via a placement of up to 118,000,000 CDIs at A$0.05 per share in two tranches to institutional and sophisticated investors.
Proceeds will fund the Cucho acquisition and exploration, completion of Ilo Este drilling in Q4 2025, planned Cinto drilling in late Q4 2025, and general working capital. Chairman and CEO committed A$150,000 to Tranche 2; Director participation requires shareholder approval. CPS Capital acted as lead manager; fees include a 6% placing fee and proposed 20 million unlisted options to managers.
Solis Minerals (SLMFF) is changing its financial year-end from May 31 to December 31 to better align financial reporting and tax planning with business planning.
The transition year will cover the 7-month period June 1, 2025 to December 31, 2025. Interim and comparative reporting periods are defined for the transition year and the new 12-month year ending December 31, 2026. Filing deadlines for the transition year are: interim unaudited statements for the four months ended September 30, 2025 due by November 14, 2025, and audited annual statements for the 7 months ended December 31, 2025 due by March 31, 2026.
Solis Minerals (OTC:SLMFF / ASX:SLM) announced the appointment of Anthony Greenaway as a Non-Executive Director, effective once Solis completes registration as an Australian domiciled company, expected on or around 3 November 2025.
Mr Greenaway is a geologist with more than 30 years of international mining and exploration experience across Latin America, Australia, Asia and Africa. His background includes exploration, development and production of lithium, copper, gold, PGE and iron ore projects and leadership of the Salinas lithium development and sale for A$0.6 billion. He is currently Managing Director of Core Energy Minerals (ASX: CR3) and holds a BSc in Geology, AUSIMM membership and AICD membership.
Solis Minerals (SLMFF) has announced significant copper mineralization findings from its first drill hole at the Ilo Este project in Peru. The diamond drill hole IE-001-2025, completed to a depth of 482.10 meters, revealed four distinct mineralized zones totaling approximately 350 meters from surface with copper and molybdenum present.
The drill hole intersected multiple intrusive rock sequences with significant alteration and mineralization. Visual analysis showed copper grades estimated between 0.1-0.5% Cu across different zones. A second drill hole has commenced 200 meters south southwest of the first drill pad, targeting the northern magnetic anomaly as part of a planned 5,000-meter diamond drill program.
Laboratory assays from ALS Global are expected in September 2025, which will confirm the extent and grade of mineralization.