Solis Minerals

Primary ticker: ASX:SLM; TSXV:SLMN
Stage of development: Exploration
Primary minerals: Copper
Project to promote: Chancho al Palo Copper Project; Ilo Este Copper Project; Cinto Copper Project; Guaneros Copper Project
Project location: Peru
Website: www.solisminerals.com

Solis Minerals is an emerging exploration company, focused on unlocking the potential of its South American critical minerals portfolio. The Company is building a significant copper portfolio around its core tenements of Ilo Este and Ilo Norte and elsewhere in the Coastal Belt of Peru and currently holds 77 exploration concessions for a total of 66,100Ha (40 concessions granted with 37 applications in process).

The Company is led by a highly-credentialled and proven team with excellent experience across the mining lifecycle in South America. Solis is actively considering a range of new opportunities across varied commodities and jurisdictions. South America is a key player in the global export market for critical minerals and Solis, under its leadership team, is strategically positioned to capitalise on growth the opportunities within this mineral-rich region.

Cash: AUD4.4M
Debt: AUD302,215

Major shareholders:

LATIN RESOURCES LIMITED – 15.3%
CDS & CO – 11.14%
Mr Darren Carter – 4.92%
JP Morgan Nominees Australia – 2.62%
Blue Coasters Pty Ltd – 2.28%
Management ownership – 8.70%

Financials

Management Profile

Kevin Wilson has over 30 years’ experience in the minerals and finance industries. Most recently, Mr. Wilson was instrumental in the re-structuring and financing of Colombian gold explorer Los Cerros Limited, which has gone on to make the Tesorito porphyry gold discovery. Mr. Wilson was the founding Managing Director of Leviathan Resources Limited, a Victorian gold mining company, from its initial public offering through to its takeover in 2006 and is the current Chairman of Navarre Minerals Ltd. His previous experience includes eight years as a geologist with the Anglo American Group in Africa and North America and 14 years as stockbroking analyst and investment banker with CF First Boston and Merrill Lynch in Australia and the US.

What is your rationale for taking part in 121 Mining Investment?

Looking for sophisticated institutional and retail investors. We have a high impact drill program coming up.

What recent news would you like to highlight to investors attending?

Drilling at Chancho al Palo (Ilo Norte) to commence Q4 2024

Drilling at Ilo Este to commence Q1 2025

Drilling at Cinto to commence H1 2025

Drilling at Guaneros to commence H2 2025

What are your key goals for the next 3, 6 and 12 months?

3 Months:
First pass drilling

6 Months:
Resource drilling

12 Months:
Exploration target / MRE

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Capital raise considered to fund further drilling

What do you think makes your company such a compelling investment?

Excellent copper ground position with drill targets identified in Peru, one of the best jurisdictions in Latin America.

What are the top 3 key investor takeaways?

Strong ground position with porphyry copper potential
Region surrounded by majors (Southern Copper, Anglo American, Freeport, Vale, BHP)
Experienced technical team