Solis Minerals Expands Copper Footprint in Peru with New Exploration Licenses

Executive Director Matthew Boyes commented, “We are very pleased to further bolster our portfolio through the addition of a large land package containing highly prospective copper exploration ground in Peru. Solis is building a compelling portfolio of exploration properties in an underexplored porphyry belt, with excellent access and existing infrastructure. Drill permits are advancing as quickly as possible in conjunction with our ongoing non-invasive exploration efforts, preparing us to commence drilling once all necessary approvals are obtained and first drill sites are finalised.”

“Solis continues to review and progress potential acquisitions in the copper and lithium space across targeted areas of South America and has two teams dedicated to the evaluation process, which is now bearing significant fruit. In the next 6-12 months will see advancements across our pipeline of copper exploration projects in Peru as we continue to look to add to our Brazilian portfolio of lithium properties.”

Moving forward, Solis plans to conduct systematic mapping, low-cost drone magnetic studies, and induced polarization surveys across the new tenements to identify high-priority drill targets. The company is also reviewing potential acquisitions in the copper and lithium space across targeted areas of South America.

Copper is a critical metal with widespread applications in construction, electronics, and the growing renewable energy sector. As the world transitions towards a greener economy, the demand for copper is expected to soar, driven by its use in electric vehicles, wind turbines, and solar panels. Solis Minerals, with its expanding portfolio of copper exploration projects in Peru, is well-positioned to potentially benefit from the metals growing appeal.

Solis Minerals’ acquisition of new exploration licenses in Peru underscores the company’s commitment to expanding its presence in the region’s copper sector. As the company advances its exploration programs and moves closer to drilling, investors will be closely monitoring its progress in unlocking the potential of its Peruvian copper assets.