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2026-11-06
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Solstice Minerals Limited

Resource Stage · Copper · Gold · Australia Rating locked: sign in to view v8 · sls-20261009t154057-first-fill
Last 2026-11-06
A$1.89
1D
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1M
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YTD
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1Y
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Upside
Locked: sign in to view
Mkt cap
A$326.3M
EV
A$281.1M
Cash
A$45.3M
Debt
A$0
2 newer ASX announcements not yet reflected in this valuation

Funding, performance and ownership

Financials & Capital

As of 2026-06-30
Cash A$45.3M2025-06-30: 14,968,000 A$2025-09-30: 14,088,000 A$2025-12-31: 13,348,000 A$2026-03-31: 16,512,000 A$2026-06-30: 45,256,000 A$ Finite
Debt A$0 Net cash A$45.3M
Basic shares 172.7M 2026-09-14
Runway 13 quarters The June-quarter Appendix 5B reported 13 funding quarters using A$45.256m available funds and A$3.614m relevant outgoings. Audited FY2026 accounts reconcile A$15.256m accounting cash and equivalents plus A$30m short-term term deposits; the latter have restrictions on early withdrawal and are separately classified as financial assets. No bank financing facility was available at year end.

Liquidity

Financial position

A$45.256m cash and term deposits supports current exploration, with no interest-bearing borrowing or financing facility; future mine construction funding remains unknown.

Capital structure

Ownership and dilution

Ordinary shares
172.7M
Fully diluted
187.8M

172,160,386 ordinary shares at 30 June 2026 plus 500,000 Yundamindra consideration shares issued 14 September equals 172,660,386 post-issue shares. The Appendix 2A then lists 9,000,000 options and 3,159,763 performance rights; a further 3,000,000 Nanadie vendor shares are contingent on a >250kt Cu MRE by March 2029. Including all potential securities gives 187,820,149 fully diluted shares; scenarios include the contingent shares only when the resource trigger is assumed. The annual report's rights count differs by 32,593, resolved in documents.json.

Security classes11
ClassTypeQuantityStrikeExpiry
Performance rights expiring 8 August 2029Performance Right1.5M—2029-08-08
Unlisted options exercisable at A$0.40Option1MA$0.42029-06-26
Performance rights expiring 9 September 2027Performance Right562.5K—2027-09-09
Performance rights expiring 18 July 2027 after 212,959 rights lapsedPerformance Right482.4K—2027-07-18
Unlisted consultant options exercisable at A$2.10Option1.5MA$2.12029-06-22
Performance rights expiring 13 November 2027Performance Right161K—2027-11-13
Unlisted options exercisable at A$0.29Option1MA$0.292027-06-27
Unlisted options exercisable at A$0.29Option3MA$0.292027-01-24
Unlisted options exercisable at A$0.42Option2.5MA$0.422029-11-10
Performance rights expiring 10 November 2029Performance Right425.1K—2029-11-10
Contingent Nanadie acquisition shares if a >250kt Cu resource trigger is met by 6 March 2029Other3M—2029-03-06

KPI history

Operating metrics · Company

Cash and term deposits at quarter end shown
012,671,68025,343,36038,015,04050,686,720June 2025: 14,968,000 AUDJune 2025September 2025: 14,088,000 AUDSeptember 2025December 2025: 13,348,000 AUDDecember 2025March 2026: 16,512,000 AUDMarch 2026June 2026: 45,256,000 AUDJune 2026
MetricUnitTrendJune 2025September 2025December 2025March 2026June 2026
Cash and term deposits at quarter endAUDJune 2025: 14,968,000 AUDSeptember 2025: 14,088,000 AUDDecember 2025: 13,348,000 AUDMarch 2026: 16,512,000 AUDJune 2026: 45,256,000 AUD14,968,00014,088,00013,348,00016,512,00045,256,000
Relevant operating and exploration outgoingsAUDJune 2025: 748,000 AUDSeptember 2025: 883,000 AUDDecember 2025: 887,000 AUDMarch 2026: 1,327,000 AUDJune 2026: 3,614,000 AUD748,000883,000887,0001,327,0003,614,000
Operating metric source table12
MetricProjectPeriodPeriod typeValueStatus
Exploration paymentsCompanyJune 2026 quarterQuarter3,190,000 AUD exploration paymentsReported
Exploration paymentsCompanyFinancial year ended 30 June 2026Year5,929,722 AUD exploration paymentsReported
Cash and term deposits at quarter endCompanyAs at 2025-06-30Point In Time14,968,000 AUDReported
Relevant operating and exploration outgoingsCompanyJune 2025 quarterQuarter748,000 AUDReported
Cash and term deposits at quarter endCompanyAs at 2025-09-30Point In Time14,088,000 AUDReported
Relevant operating and exploration outgoingsCompanySeptember 2025 quarterQuarter883,000 AUDReported
Cash and term deposits at quarter endCompanyAs at 2025-12-31Point In Time13,348,000 AUDReported
Relevant operating and exploration outgoingsCompanyDecember 2025 quarterQuarter887,000 AUDReported
Cash and term deposits at quarter endCompanyAs at 2026-03-31Point In Time16,512,000 AUDReported
Relevant operating and exploration outgoingsCompanyMarch 2026 quarterQuarter1,327,000 AUDReported
Cash and term deposits at quarter endCompanyAs at 2026-06-30Point In Time45,256,000 AUDReported
Relevant operating and exploration outgoingsCompanyJune 2026 quarterQuarter3,614,000 AUDReported
Company guidance4
MetricProjectPeriodLowHighStatus
Phase 2 Rc Drillingnanadie202615,000— metresCurrent
Step Down Diamond Drillingnanadie20266,000— metresCurrent
Updated Mineral Resource Estimatenanadie2027—— milestoneCurrent
Next Phase Rc Drilling Before A Potential First Resourceyarri2026-2027—— milestoneCurrent

Capital history

Capital events

2 events · newest first
DateEventAmountSharesPriceStatusTerms
2026-09-14Raising—500K—Completed—
2026-03-30RaisingA$32.6M——Completed—

Contracts and ownership

Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.

Complete As Disclosed · as of 2026-09-27

FY2026 audited note 26 royalty register and note 27 conditional consideration reconciled to the original Nanadie acquisition release; no disclosed live offtake, tolling, JV, stream or hedge was identified.

Nanadie revenue royalties burden any commercial metal sales; no current production or reserve.

Royalty · Active
Counterparties
William Staverton Hitch · Karl William Wolzak · Paul Winston Askins · Tyron Resources Pty Ltd · Interim Resources Ltd
Applies to
Nanadie Copper-Gold Project · Copper · Gold · Silver
Economic direction
Burden
Period
From 2025-03-06; no end date stated
Key terms
copper revenue royalty: 0.74 % revenue
other-metal revenue royalty: 0.49 % revenue
How it affects our valuation

No valuation treatment is available for this arrangement.

Three million additional vendor shares are conditional on a qualifying >250kt contained-copper MRE by March 2029.

Other · Conditional
Counterparties
Cyprium Metals Limited
Applies to
Nanadie Copper-Gold Project · Copper
Economic direction
Burden
Period
2025-03-06 to 2029-03-06
Key terms
deferred ordinary shares: 3,000,000 shares
contained copper trigger: 250,000 more than tonnes Cu
deadline: 2029-03-06 date
How it affects our valuation

No valuation treatment is available for this arrangement.

1% NSR with A$2.5m aggregate cap on two Yarri tenements.

Royalty · Active
Counterparties
CGM (WA) Pty Ltd
Applies to
Yarri Gold Project · Gold
Economic direction
Burden
Period
Dates not stated
Key terms
NSR royalty: 1 % net smelter return
aggregate cap: 2,500,000 AUD
How it affects our valuation

No valuation treatment is available for this arrangement.

1% NSR on specified Yarri tenements.

Royalty · Active
Counterparties
Cosmo Holdings (WA) Pty Ltd
Applies to
Yarri Gold Project · Gold
Economic direction
Burden
Period
Dates not stated
Key terms
NSR royalty: 1 % net smelter return
How it affects our valuation

No valuation treatment is available for this arrangement.

1.5% gross-revenue royalty on E31/1150.

Royalty · Active
Counterparties
Gateway Projects WA Pty Ltd · Gateway Mining Limited
Applies to
Yarri Gold Project · Gold
Economic direction
Burden
Period
Dates not stated
Key terms
gross revenue royalty: 1.5 % gross revenue
How it affects our valuation

No valuation treatment is available for this arrangement.

1% NSR on E31/1220.

Royalty · Active
Counterparties
Mining Equities Pty Ltd
Applies to
Yarri Gold Project · Gold
Economic direction
Burden
Period
Dates not stated
Key terms
NSR royalty: 1 % net smelter return
How it affects our valuation

No valuation treatment is available for this arrangement.

1% NSR on two Yarri licences or applications.

Royalty · Active
Counterparties
Whitehaven Mansions Pty Ltd · Pindinnis Holdings Pty Ltd
Applies to
Yarri Gold Project · Gold
Economic direction
Burden
Period
Dates not stated
Key terms
NSR royalty: 1 % net smelter return
How it affects our valuation

No valuation treatment is available for this arrangement.

Solstice retained a 1% NSR on the disposed E31/1262 licence; no sale income is forecast.

Royalty · Active
Counterparties
Kalgoorlie Gold Mining Limited
Applies to
Yarri Gold Project · Gold
Economic direction
Benefit
Period
From 2024-12-02; no end date stated
Key terms
retained NSR royalty: 1 % net smelter return
How it affects our valuation

No valuation treatment is available for this arrangement.