Solis Minerals

Financials:

Primary ticker: TSX-V:SLMN, ASX:SLM
Stage of development: Exploration
Primary minerals: Copper
Project to promote: Mostazal Copper Project
Project location: Chile
Website: www.solisminerals.com
Corporate presentation: Click here

Solis Minerals has three large-scale copper exploration projects in Chile and Peru. The recently-acquired Mostazal Project in Chile has a drill-ready, multi-kilometre porphyry target to be drill-tested this year, underneath a high-grade mantos-style copper-silver historical resource. Solis also owns the Ilo Este and Ilo Norte projects in Peru’s southern coastal copper belt, prospective for porphyry and IOCG discoveries, with licences totalling 109 km2.

Cash: CAD$4.7M

Debt: CAD$302,215

Major shareholders:
CDS & CO – 29.75%
LATIN RESOURCES LIMITED – 5.85%
MR DARREN CARTER – 4.71%
CITICORP NOMINEES PTY LIMITED – 1.86%
WOLF LIKE ME PTY LTD – 1.45%
Management ownership – 30%

Management Profile

Jason Cubitt – President & CEO
Mr. Cubitt has 25 years of experience working with resource companies in various capacities as founder, finance agent and institutional investor. Most recently, Mr. Cubitt was director of investments for Vertus Investment Advisory and Ascenta Asset Management, offshore investment advisory firms for which he was responsible for precious metals and special situations mining and energy funds.

What is your rationale for taking part 121 Mining Investment?

Looking for sophisticated institutional and retail investors. We have new developments for the market.

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

7 Apr 2022 – Solis completes 4th hole – planning follow-up drilling
24 Feb 2022 – Drilling Update – Copper Sulphides present in Hole 3
8 Feb 2022 – Widespread copper sulphides at Mostazal
24 Jan 202 – Drilling commences at Mostazal Copper Project Chile
24 Dec 2022 – Solis Minerals lists on ASX

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

3 Months:

Complete Phase 1 and 2 exploration program at Mostazal

6 Months:
Begin Phase 2 exploration program at Mostazal

12 Months: 
Complete Phase 2 at Mostazal and develop Peru projects to drill-ready stage

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

Known mineral systems with big targets
World leading mining jurisdictions
Exceptional technical and management team

What are the top 3 key investor takeaways?

Results from just-completed drilling expected
Low market capitalization ($12m) relative to peers
Multiple projects with significant porphyry copper discovery potential