AUS
NZ
UK
CA
USA
IND
Highlights
- Solis begins maiden drilling at Chancho al Palo
- Follow-up programs underway at Ilo Este and Cinto
- Copper-focused strategy unfolds across 65,100ha in Peru
Solis Minerals (ASX:SLM) has officially commenced its maiden diamond drilling campaign at the wholly owned Chancho al Palo Project in Peru, marking a significant milestone in its broader copper-focused exploration strategy. The 2,500-metre drill program targets promising porphyry and iron oxide copper-gold (IOCG) systems identified through detailed surface mapping, sampling, and geophysical surveys.
This move is part of the company’s push to tap into Peru’s prolific copper belt and strengthen its position within the resource-rich ASX200 ecosystem. With copper continuing to draw global demand, Solis’s targeted exploration aims to unearth long-term value from underexplored terrain.
The Chancho al Palo Project, located in southern Peru, is set to deliver its first drill results in the coming weeks. According to company leadership, a rigorous technical groundwork has led to the identification of high-priority anomalies, now being tested through this initial drilling phase.
In addition to activity at Chancho al Palo, Solis is preparing to initiate a 5,000-metre diamond drill program at its nearby Ilo Este Project in June. The project, also 100% owned by Solis, sits just 20 kilometres from Chancho al Palo and recently received drilling permit clearance from Peru's Ministry of Energy and Mines. The close proximity of both projects is expected to support operational efficiency and continuous updates.
Meanwhile, work continues at the Cinto Project, where an induced polarisation (IP) survey is nearing completion. Previous surface sampling at Cinto revealed encouraging copper porphyry mineralisation, including intercepts of 23.4 metres at 0.88% copper and 16.83 metres at 0.52% copper—indicating strong subsurface potential.
Solis Minerals’ exploration portfolio spans 65,100 hectares across Peru and is strategically aligned with copper development opportunities, reflecting the broader investor interest in ASX dividend stocks, especially those exposed to critical resources.
With a market capitalisation of approximately $10.86 million, Solis continues to build momentum across its copper assets, while maintaining a steady pipeline of exploration milestones. As global focus sharpens on clean energy metals, the company’s Peruvian assets could offer valuable exposure to emerging copper supply chains—making it a name to watch within the dynamic ASX200 environment.
