Solaris Resources

[dan_s]

Warintza has the potential to be a World Class Copper mine.

Below is a summary of Solaris Resources Inc. (TSX: SLS)(NYSE: SLSR) latest press release announcing an update on Warintza operations, the optimization progress under the direction of new COO, Javier Toro, and appointment of leading consultants for the EIA in H2/24 and PFS in H2/25.

Solaris Resources: Project Update and Milestones

Drilling continues to ramp up with six rigs having completed over 5,400m in April, nearly a new monthly record for the Project, toward a minimum program of 30km of resource growth and infill drilling budgeted for 2024.

EIA on track for completion in H2/24, with studies and work programs ongoing under the direction of a proven Ecuadorian environmental consulting firm who has supported Ecuador’s largest copper and gold mines, ESSAM Cía. Ltda.

PFS on track for completion in H2/25, with support of leading international consulting firms, including: Ausenco for infrastructure and processing; Knight Piésold for technical studies and engineering studies; and AMC and Minsys for mining.

Significantly increased site productivity and efficiency of operations from infrastructure development and optimization, logistics and practices, generating a 26% reduction in drilling costs to US$229/m and contributing to significant savings against the Q1/24 budget.

Funding in place for planned 2024 and 2025 programs through the offtake financing package announced in December, with the strategic investment announced in January intended to support an expansion of activities and continued consolidation of the surrounding district.

Website: https://www.solarisresources.com/