Solis Minerals Limited (ASX: SLM) has secured new copper exploration licenses covering 6,400 hectares in Peru, filling a void in underexplored coastal regions between Ilo Norte and Ilo Este. The areas, once owned by Anaconda Copper, exhibit minimal prior exploration. With a total landholding of 43,500 hectares, Solis emerges as a significant player in the burgeoning copper belt, particularly targeting porphyry copper potential.
Drill permit applications for Ilo Este and Ilo Norte are underway, with further plans for the Cinto area. Initial field visits reveal promising copper mineralization, prompting immediate follow-up studies. Solis emphasizes community engagement while advancing drilling permits, with sights set on tapping into Peru's rich copper reserves and expanding their lithium projects in Brazil.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.