Solstice Minerals (ASX: SLS) – Eastern Goldfields explorer
COMPANY SCOREBOARD
| Pro Plus | Pro | Con Plus | Con |
|
|
ABOUT COMPANY
Solstice Minerals (SLS) (https://solsticeminerals.com.au/) explores gold in the Eastern Goldfields WA. Its flagship is the Yarri Gold Project in Laverton which includes the advanced Hobbes prospect.
The company was listed in April 2022 by raising $12m@20c.
CAPITAL STRUCTURE
| ASX Code | Share Price | Shares | Option (In) | Market Cap | Cash/Asset ($m) |
| SLS | 0.15 | 100336809 | 15050521.35 | 18.7/0 |
| Holders No | Top 20 (Cur) | Top 20 (Pre) | Director Hold | Performance Right | Note |
| 1257 | 43.18% | 46.5% | 6.56% | 643832 |
Nero Resource Fund is the largest shareholder holding 8.5%@18c. Tim Goyder entities hold 2.4%.
New CEO, Nick Castleden was the MD of AOP until taken over by RMS.
FLAGSHIP ASSETS
Eastern Goldfields Gold Project Laverton WA
Project Data
The company spent $4m in 2021 on the Hobbs prospect in 2021 prior to ORR spin-out. It spent anther $2m since then.
The project has 177koz gold at 1.2 g/t (80%), sold to NST for $10m (80%) in April 2024.
The Ponton project is adjacent to WMG.
SUMMARY
The company has a war chest of cash for acquisition in the weak market.