Each one in plain English, with the numbers worked through for a shareholder.
6 Nov 2025resource reserve update▲ GoodMajor
Solaris published a pre-feasibility study for Warintza, per the headline: a first mineral reserve, a significant increase in the mineral resource, an extensive mine life, and an NPV of US$4.6bn. The filing text provided is only the cover page, so the underlying figures (tonnage, grade, mine life, assumptions, discount rate) are not available here. This builds on the 2024 resource estimate and the planned updated estimate.
Solaris announced it has completed its drilling campaign at Warintza, with 82,000 metres of infill drilling, and is targeting an updated mineral resource estimate for Q3 (2025). The filing text provided is only the cover page, so hole results and other details are not available here. This follows the 2024 drill programs and the July 2024 resource estimate.
Solaris reported more veins at its Celestina epithermal target near Warintza, with follow-up surface samples of up to 16,019 g/t silver and 25.3 g/t gold. This continues the June epithermal sampling results. The filing text provided is only the cover page.
Solaris filed the full technical report for the updated Warintza mineral resource estimate (effective July 1, 2024, prepared by Mario Rossi of GeoSystems International) along with his consent. This is the resource update that was expected by mid-2024. The excerpt provided is truncated before the resource tables, so tonnage and grade figures are not available here.
Solaris reported another Warintza drill result of 148m at 0.72% copper-equivalent within 325m at 0.51% from surface, and said an updated mineral resource estimate is expected this month (July 2024). The filing text provided is only the cover page, so no resource numbers are given.
Solaris reported first assays from sampling of epithermal mineralization found during regional exploration around Warintza, with up to 11,570 g/t silver and 12.3 g/t gold. These are surface sample results, not drill holes, and the filing text provided is only the cover page. This follows the Caya epithermal gold target work and the newly optioned concessions.
Solaris reported a Warintza drill result of 81m at 0.73% copper-equivalent within 544m at 0.50% from surface, and announced a major expansion of the 2024 drill program, citing record productivity. Only the headline and cover page are in the filing text provided, so the size of the expansion is not available here.
Solaris reported its first 2024 drill results at the Warintza copper project in Ecuador, including 384m averaging 0.51% copper-equivalent (with 150m at 0.67%) in hole SLS-76 and 284m at 0.53% in SLSE-31. Six rigs are running, at least 30km of drilling is planned for 2024, and a resource update is expected by end of June. The company says it is funded for 2024-2025 by the December offtake financing (about US$39M cash at Dec 31, 2023, plus US$40M expected), and the January strategic investment is still awaiting Canadian regulatory approval.