Solis Minerals Provides Updated on Exploration Activities at the Cinto Project in Peru

Copper Porphyry Mineralisation Confirmed at Cinto 0.88% Cu over 23.4m

HIGHLIGHTS

Extensive copper porphyry mineralisation identified in rock and channel sampling at Cinto Project, Peru.

Highlights include:

23.4m @ 0.88% Cu (Channel 1)

16.83m @ 0.52% Cu (Channel 6)

Cinto is located 15km SE of one of Peru’s major copper mines, Toquepala (2,105mt @ 0.47% Cu resource- 200ktpa Cu production)1

Scope for scale with potential porphyry style copper mineralisation over 1.75 square kilometres based on strong correlation of rock geochemistry and a large magnetic low geophysical anomaly, indicating widespread hydrothermal alteration.

Induced-Polarisation (IP) survey planning now underway following successful geochemical results.

Drill target definition underway and permitting initiated for drilling in second half of 2025.

Perth, Western Australia–(Newsfile Corp. – February 11, 2025) – Latin American focused copper-gold explorer, Solis Minerals Limited (ASX: SLM) (TSXV: SLMN) (OTCQB: SLMFF) (“Solis” or the “Company”) is pleased to announce an update on exploration activities at the Cinto Project in Peru.

Summary

The copper mineralisation at Cinto is predominantly seen in breccias, the major mineralisation host at the Toquepala Copper Mine, 15km northwest of Cinto. Geological similarities are evident between mineralisation styles at Cinto and Toquepala. Cinto is situated on the major Incapuquio Fault System which favoured the emplacement of intrusions related to large-scale porphyry copper deposits of Toquepala, Quellaveco, and Cuajone (Figure 1). Toquepala is one of Peru’s major copper producers (200ktpa).

1 Total Mineral Reserves for third party mines sourced from Southern Copper 10K Report 2023, lodged with SEC 31 December 2023 (Cuajone & Toquepala) and Anglo American (LSE:AAL) Annual Report 2023

Executive Director, Mike Parker, commented:

“The Cinto Project continues to deliver excellent results and we have considerably expanded our porphyry copper mineralisation footprint. Equally exciting is that we are observing styles of copper mineralisation that resemble the main mineralisation styles of the massive Toquepala mine (196,600tpa copper) only 15km to the northwest. Our drone magnetometry geophysics correlates well with mineralisation and indicates potential for scale as well as new areas to follow-up. As a stand-alone project, Cinto is shaping up well as a significant mineralised copper porphyry target. When combined with our advanced targets and planned drilling at our Coastal Belt projects, our copper portfolio is truly outstanding.

This year will be a year of building on all the hard ground work of identifying our drill targets in 2024. We will start drilling at two of our projects, Chancho al Palo and Ilo Este, later this quarter depending on permits, while the Cinto Project will be advanced to drill in second half of 2025″.

Cinto Project

The Cinto Project consists of eight tenements totalling 3,169Ha in the highly prospective Cenozoic Porphyry Belt of southern Peru, located some 15km to the southeast of the world class Toquepala Copper Mine (Figure 1). Cinto is geologically distinct from the rest of Solis’ tenements which are situated in the older Jurassic-Cretaceous Coastal Belt of Peru (Figure 3).

Results of rock and channel geochemistry sampling programs carried out at Cinto in the second half of 2024 have yielded highly encouraging results that confirm porphyry mineralisation over a broad area. Rock samples were collected from outcropping rocks of interest or on a sampling grid, whilst Channel Samples were continuous samples taken across zones of outcropping mineralisation, usually related to old workings or eroded gullies.

A site with historical workings previously rock sampled during reconnaissance surveys by Solis and reported in July 20242, has now returned 0.88% Cu over 23.40m in Channel 1. Approximately 500m to the east of the reconnaissance site, Channel 6 returned 0.52% Cu over 16.83m. Values of 5.80% Cu over 2.20m are also reported in an area 630m east of the reconnaissance site in Channel 7, whilst a high-grade narrow (20cm) vein and one metre wallrock grading 10.32% lead and 2.31% zinc was discovered in Channel 5 which is 2.5km to the east of the reconnaissance site at (coordinates East 337396 and North 8079489, Figure 6, Tables 1 & 3). Following these initial geochemical and mapping surveys, the Company is planning the layout of an IP survey in various zones to define drill targets.

A strong correlation is identified between copper mineralisation defined in the geochemical program and previously reported magnetic low geophysical anomalies (Figures 4 & 7). In the northeast of the licence, all channel samples and the majority of copper-anomalous rock samples fall within a magnetic low of dimensions 3km x 0.75km with the low core having a surface area of 1.75km2 creating scope for scale. This magnetic low anomaly is interpreted as being caused by magnetite destruction, a common occurrence in porphyry deposits where late-stage mineralising fluids react with magnetic minerals in a host rock, altering them to non- magnetic mineral species. Two further magnetic low anomalies are recognised locally – one with dimensions of 1km x 0.3km to the west of the low described above; and a further zone of 3.5 x 1.0km to the southwest (X and Y on Figure 7). Both areas are yet to be sampled, and the latter has coincident alteration mapped from WorldView-3 satellite studies previously reported2. Based on results to date, both areas are considered to be highly prospective for further porphyry copper mineralisation.

Previous Exploration at Cinto

Prior to Solis acquiring the Cinto tenements, limited systematic exploration had been completed and there are no records of previous drill programs. Solis commenced exploration with a WorldView-3 remote sensing survey, followed up by geological mapping. In 2023 and 2024, reconnaissance rock sampling led to the identification of an area of in-situ copper oxide mineralisation in old workings in the northeast of the property. Several samples returned assays in excess of 1% Cu (highest 7.14% Cu) in a circular area roughly 100m in diameter (Figure 4). In late 2024, Solis completed a drone magnetometry survey that identified areas of low magnetic response coincident and extending beyond the reconnaissance mineralisation3. Previous exploration results are summarised in Figure 4.

2 Solis ASX release 9 July 2024, High Grade Copper Samples Identified at Cinto
3 Solis ASX release 15 October 2024, Solis Completes Magnetometry Survey at Cinto

Cinto Structural Setting

Cinto sits astride or just south of the regional transcurrent Incapuquio Fault System (Figures 1 & 4). The fault’s corridor of influence includes en echelon faults, and subparallel fault structures. In the Cinto area, the fault corridor has an approximate width of 2.5km across its predominant NW-SE strike direction. This fault system is believed to have influenced the emplacement of Late Cretaceous to Early Palaeogene (Cenozoic) granodioritic, dioritic, and monzonitic intrusions as well as related volcanic rocks of the Toquepala Group4. The large- scale copper porphyry deposits of Cuajone, Quellaveco, and Toquepala were formed during this intrusive phase (Figure 3) and are associated with, or emplaced within, volcanics of the Toquepala Group.

Cinto Mineralisation Style

In the reconnaissance area (Channel Samples 1-4, Figure 6), the mineralisation is localised in brecciated altered andesitic tuffs of the Toquepala Group. Quartz veining is seen forming the matrix of grossly brecciated and phylically altered units (Figure 5). Copper oxides are visible in the quartz veining and replacing tuffs in patches. Millimetric size textures on the veins and wallrocks are characteristic of intrusive hydrothermal breccias.

4 Structural Characteristics of the Incapuquio fault system, southern Peru, J. Jacay, T. Sempere et al, 2002

In the areas of Channel Samples 6-10 (Figure 6), the mineralisation occurs in intrusive hydrothermal breccias that have impacted andesitic tuffs of the Toquepala Group (Figure 2). Brecciation consists of quartz veining that separates and cross-cuts angular tuff clasts. Alteration includes abundant phyllic alteration and silicification. Copper oxide minerals occur in the quartz veins and also in patches and segregations in the clasts.

The above occurrences both resemble various phases of mineralisation at the Toquepala Copper Mine, some 15km northwest of Cinto, where intrusive hydrothermal breccias are a significant mineralisation host. The geochemistry reveals low to sporadic gold values which also resembles Toquepala. Generally low molybdenum values can be attributed to oxidation.

An outcrop of a mineralised quartz vein (20cm wide) occurs in granodiorites in the east of the property (Channel 5, Figure 6) and including 1m of granodiorite wallrock grades 10.32% lead and 2.31% zinc. Channel 5 is 2.5km to the east of the reconnaissance site at coordinates East 337396 and North 8079489. This occurrence is considered as a lateral expression to the copper-dominated mineralisation further west.

Cinto Geochemical Sampling 2024

During 2H 2024, 485 rock samples were collected (Tables 1-4). Of these, 333 were outcrop rock samples and 152 were channel samples from 10 separate channels. Channel sampling was carried out in areas of good to continuous outcrop, usually facilitated by the presence of old (>50 years) small scale surface workings – Channels 1,2,3,4,6,9,10 – or in areas of gully erosion. The 2H 2024 program complements the 45 rock samples taken in late 2023/1H 20242 and brings the total rock sampling inventory at Cinto to 530 samples.

The channels sampled are indicated in zones on the locality map, Figure 6 and results summarised in Table 1 with details in Table 3.

A summary of the channel sampling assay results is presented below in Table 1.

Table 1: Summary of channel sample geochemical assay results from Cinto Project. Zones highlighted in bold are >0.5% Cu. True length is calculated taking into account the linearity of the sampling line. Sampling was done predominantly at a high angle to outcrop strike within the constraints of shallow channel sampling.

Additionally, 333 rock outcrop samples were analysed in an area of approximately 6 x 2km in the east of the permits. The results from these samples (Table 2 Table 4, Appendix 1) show a correlation of copper mineralisation with alteration (low magnetic response areas) around structures (Figure 7). Table 2 shows the highest Cu assays returned in rocks (does not include channel samples) and their geological context.

Table 2: Cinto rock samples geochemical assays reporting >0.5% Cu (17 out of 333 samples). Those in bold are within porphyry-style assemblages. Altered granodiorites are considered marginal to potential porphyry system. Note veins in granodiorite with high base metal values in east, close to Channel 5.

Results of the geochemical surveys

Following up on the initial rock geochemical sampling campaign of the reconnaissance site, the channel sampling and rock sampling geochemical results have:

confirmed the presence of porphyry style copper mineralisation in favourable structural locations with analogous characteristics to the nearby Toquepala porphyry

expanded the area of interest at Cinto with two newly discovered Cu-mineralised zones (Channels 6 & 7-10) 500m and 630m east of the reconnaissance site (Channels 1-4)

demonstrated a strong spatial correlation of copper mineralisation with the magnetic low geophysical anomaly that indicates a zone of hydrothermal alteration. Several such areas, particularly to the west of the project, have yet to be evaluated, indicating a potential for further large-scale mineralised systems at Cinto

demonstrated the potential for associated polymetallic mineralisation (Pb, Zn, Ag) around the copper-dominated area with the discovery of highly mineralised, narrow structures approximately 2.5km east of the original site (Channel 5) and adjacent rock samples.

Next Steps for Cinto

Based on the geochemistry results, Induced-Polarisation (IP) programs are being planned to define drill targets. Drill permitting, including archaeological surveys, will commence with a target of drilling in the second half of 2025.

Solis will continue to investigate the potential of Cinto by testing the as yet unexplored low magnetic anomalies through a combination of mapping and rock geochemistry. Further areas for IP follow-up and drill target definition are expected to become apparent once all the tenement is explored.

5. Drilling Schedule

* Timeline dependent upon obtaining requisite permits

About Solis Minerals Limited

Solis Minerals is an emerging exploration company, focused on unlocking the potential of its South American copper portfolio. The Company is building a significant copper portfolio around its core tenements of Ilo Este and Ilo Norte and elsewhere in the Coastal Belt of Peru and currently holds 81 exploration concessions for a total of 69,200Ha (46 concessions granted with 35 applications in process).

The Company is led by a highly-credentialled and proven team with excellent experience across the mining lifecycle in South America. Solis is actively considering a range of copper opportunities. South America is a key player in the global export market for copper and Solis, under its leadership team, is strategically positioned to capitalise on growth the opportunities within this mineral-rich region.

Forward-Looking Statements

This news release contains certain forward-looking statements that relate to future events or performance and reflect management’s current expectations and assumptions. Such forward- looking statements reflect management’s current beliefs and are based on assumptions made and information currently available to the Company. Readers are cautioned that these forward- looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected, including, but not limited to, market conditions, availability of financing, actual results of the Company’s exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR+ at www.sedarplus.ca. These forward-looking statements are made as of the date hereof, and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.

Qualified Person Statement

The technical information in this news release was reviewed by Michael Parker, a Fellow of the Australian institute of Mining and Metallurgy (AusIMM), a qualified person as defined by National Instrument 43-101 (NI 43-101). Michael Parker is Executive Director of the Company.

Competent Person Statement

The information in this ASX release concerning Geological Information and Exploration Results is based on and fairly represents information compiled by Mr Michael Parker, a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Parker is Executive Director of Solis Minerals Ltd. and has sufficient experience which is relevant to the style of mineralisation and types of deposit under consideration and to the exploration activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australian Code for Reporting of Mineral Resources and Ore Reserves”. Mr Parker consents to the inclusion in this report of the matters based on information in the form and context in which it appears. Mr Parker has provided his prior written consent regarding the form and context in which the Geological Information and Exploration Results and supporting information are presented in this Announcement.

APPENDIX 1

Table 3 Cinto Channel Sample Geochemical Assay Results

Sample
No.E
CoordN
CoordElev.Chan
No.NotesInt.
From
mInt.
To
mLinear
Distance
mCorrected
Distance
mAu
ppmAg
ppmCu
%Mo
ppmPb
ppmZn
ppm1809533512780794722360CH1Start Channel
Sample0.002.002.001.700.0031.300.061454441809633512780794742360CH1
2.004.002.001.700.0034.000.031502701809733512780794752360CH1
4.005.001.000.850.0037.901.5512817971809833512680794762360CH1
5.006.001.000.850.0076.400.1613443481809933512680794772360CH1
6.007.001.000.850.0034.800.1114844921810033512580794782360CH1
7.008.001.000.850.0034.000.0914372501810233512580794782360CH1
8.009.001.000.850.0033.200.0714424161810333512380794792360CH1
9.0011.002.001.700.0030.700.0311492151810433512180794792360CH1
11.0013.002.001.700.0030.700.0111042051810533511980794802360CH1
13.0015.002.001.700.0030.900.0111422831810633511780794802360CH1
15.0017.002.001.700.0030.900.0212193051810733511680794802360CH1
17.0018.001.000.850.0030.800.0212933081810833511580794792360CH1
18.0019.001.000.850.0030.800.0212323461810933511480794792360CH1
19.0020.001.000.850.0031.000.021972701811033511380794792360CH1
20.0021.001.000.850.0031.700.2012122601811133511280794792360CH1
21.0022.001.000.850.0033.000.231652751811233511180794802360CH1
22.0023.001.000.850.0365.501.861722251811333511080794792360CH1
23.0024.001.000.850.0113.400.881393021811433510980794792360CH1
24.0025.001.000.850.0093.200.4311133061811533510880794792360CH1
25.0026.001.000.850.0174.400.841845411811633510780794792360CH1
26.0027.001.000.850.0073.000.6611213811811733510680794792360CH1
27.0028.001.000.850.0032.000.0613112761811833510580794792360CH1
28.0029.001.000.850.0033.800.0611082191811933510580794792360CH1
29.0030.001.000.850.0032.000.031711791812133510480794782360CH1
30.0031.001.000.850.0032.000.1911502371812233510380794792360CH1
31.0032.001.000.850.0375.504.3315243311812333510280794792360CH1
32.0033.001.000.850.0323.601.401651991812433510180794802360CH1
33.0034.001.000.850.0616.402.041592481812533510080794802360CH1
34.0035.001.000.850.1535.003.911723051812633509980794802360CH1
35.0036.001.000.850.0062.200.271752461812733509880794812360CH1
36.0037.001.000.850.0031.300.071572051812833509780794812360CH1
37.0038.001.000.850.0031.800.051461901812933509680794822360CH1
38.0039.001.000.850.0081.700.051492241813033509580794822360CH1
39.0040.001.000.850.0786.202.771295791813133509580794832360CH1
40.0041.001.000.850.0092.300.021431651813233509480794842360CH1
41.0042.001.000.850.0072.300.031991491813333509380794842360CH1
42.0043.001.000.850.1013.301.551511171813433509280794842360CH1
43.0044.001.000.850.0064.100.0611422331813533509180794842360CH1
44.0045.001.000.850.0354.700.971461831813633509080794852360CH1
45.0045.500.500.430.0030.800.071312101813733509080794852360CH1
45.5046.501.000.850.0122.700.11126821813833508980794862360CH1
46.5047.501.000.850.02712.301.061151001813933508880794862360CH1
47.5048.501.000.850.0031.400.031361771814033508780794862360CH1
48.5049.501.000.850.0030.900.011662401814233508680794872360CH1
49.5050.501.000.850.0031.100.0111944641814333508580794872360CH1
50.5051.501.000.850.0030.800.0116904431814433508480794872360CH1
51.5052.501.000.850.0031.100.03121607391814533508380794882360CH1
52.5053.501.000.850.0031.000.01216759801814633508380794882360CH1
53.5054.501.000.850.0031.800.02220907731814733508180794892360CH1
54.5056.502.001.700.0031.100.01110453751814833508080794902360CH1
56.5058.502.001.700.0030.800.0116713561814933507880794912360CH1
58.5060.502.001.700.0030.800.0122172501815033507680794922360CH1
60.5062.502.001.700.0030.600.011992871815133507580794932360CH1
62.5064.502.001.700.0030.600.011952651815233507380794942360CH1
64.5066.502.001.700.0030.500.001582311815333507280794952360CH1
66.5068.502.001.700.0030.500.011401801815433507180794972360CH1
68.5069.501.000.850.0050.900.0411622351815533507080794982360CH1
69.5070.501.000.850.0030.250.0212682381815633507080794992360CH1
70.5072.502.001.700.0030.250.001441921815733506980795012360CH1
72.5074.502.001.700.0030.250.011471731815833506880795022360CH1
74.5076.502.001.700.0030.700.021872131815933506780795042360CH1
76.5078.502.001.700.0030.700.0315342861816133506780795062360CH1
78.5080.502.001.700.0030.800.0314363561816233506680795082360CH1
80.5082.502.001.700.0030.800.0212112621816333506680795102360CH1
82.5084.502.001.700.0030.700.021452151816433506580795122360CH1
84.5086.502.001.700.0030.250.011311971816533506480795142360CH1
86.5088.502.001.700.0030.250.011641711816633506380795152360CH1End Channel Sample88.5090.502.001.700.0030.250.0311632501817333515480795402350CH2Start Channel Sample0.002.002.001.730.0030.700.011621061817433515380795422350CH2
2.004.002.001.730.0030.500.0211341951817533515280795442350CH2
4.006.002.001.730.0030.250.011411371817633515180795452350CH2
6.008.002.001.730.0030.700.031471781817733515080795472350CH2
8.0010.002.001.730.0052.600.05147971817833514980795492350CH2
10.0012.002.001.730.0053.200.271931411817933514780795502350CH2
12.0014.002.001.730.0030.600.0111071741818133514680795512350CH2
14.0016.002.001.730.0031.200.031891761818233514480795532350CH2
16.0018.002.001.730.0030.250.011361701818333514480795552350CH2
18.0020.002.001.730.0030.700.011401381818433514280795562350CH2
20.0022.002.001.730.0032.100.031131481818533514280795572350CH2
22.0022.400.400.350.00510.600.721316981818633514180795582350CH2
22.4024.402.001.730.0033.700.3811294091818733514080795602350CH2
24.4026.402.001.730.0030.250.011421751818833513980795612350CH2
26.4028.402.001.730.0030.250.01134981818933513880795632350CH2
28.4030.402.001.730.0050.250.01120901819033513780795652350CH2
30.4032.402.001.730.0030.600.02114451819133513580795652350CH2
32.4034.402.001.730.0030.250.0015311819233513380795652350CH2
34.4036.402.001.730.0030.250.0011281819333513180795642350CH2End Channel Sample36.4038.402.001.730.0030.700.0113271819433511880795622350CH2AStart Channel Sample0.002.002.001.700.0030.250.021351661819533511680795632350CH2A
2.004.002.001.700.0030.500.011881711819633511580795652350CH2A
4.006.002.001.700.0030.700.011471091819733511480795662350CH2A
6.008.002.001.700.0030.250.001872001819833511280795672350CH2A
8.0010.002.001.700.0030.250.021441591819933511080795682350CH2AEnd Channel Sample10.0012.002.001.700.0030.250.01117181820033514180795182355CH3Start Channel Sample0.002.002.001.650.0212.801.7311363451820233514080795192355CH3
2.004.002.001.650.0032.800.021451341820333513980795202355CH3
4.004.250.250.210.0775.104.731542551820433513880795212355CH3
4.256.252.001.650.0053.400.431462061820533513880795222355CH3
6.256.500.250.210.0179.504.351717581820633513780795232355CH3End Channel Sample6.508.502.001.650.0053.100.171162731820733512280795122360CH4Start Channel Sample0.001.501.501.230.0030.900.021961861820833512280795132360CH4
1.503.001.501.230.0053.100.6511272031820933512180795142360CH4
3.004.001.000.820.0134.701.411941851821033512080795152360CH4End Channel
Sample4.005.501.501.230.0253.402.1811822641824033739680794892277CH5Start Channel Sample0.000.200.200.200.69591.600.5015766700156501824233739580794872276CH5End Channel Sample0.001.001.001.000.663294.001.3583110500246001833933563480794492318CH6Start Channel Sample0.002.002.001.770.0051.000.1511042451834133563680794482318CH6
2.004.002.001.770.0361.001.7411443251834233563780794472318CH6
4.006.002.001.770.0030.800.011672381834333563980794462318CH6
6.008.002.001.770.0030.800.011561801834433564180794462318CH6
8.0010.002.001.770.0052.000.32221101781834533564380794462318CH6
10.0011.001.000.890.0924.502.23429202111834633564480794462318CH6
11.0012.001.000.890.0351.400.78115401961834733564580794462318CH6
12.0013.001.000.890.0262.300.3115472891834833564680794462318CH6
13.0014.001.000.890.0031.300.0111202071834933564780794452318CH6
14.0015.001.000.890.0096.100.2812362091835033564880794452318CH6
15.0016.001.000.890.0106.700.2111002371835133564880794462318CH6
16.0017.001.000.890.0294.400.9611572001835233564980794462318CH6
17.0018.001.000.890.0173.300.191913341835333565080794462318CH6
18.0019.001.000.890.0254.300.451973351835433565180794462318CH6
19.0020.001.000.890.0032.100.051621761835533565280794472318CH6
20.0021.001.000.890.0031.600.021941821835633565380794472318CH6
21.0022.001.000.890.0112.500.1912362971835733565480794482318CH6
22.0023.001.000.890.1193.101.4815304331835833565480794492318CH6
23.0024.001.000.890.0061.900.2413222401835933565580794492318CH6
24.0025.001.000.890.0072.800.4414702961836133565680794502318CH6
25.0026.001.000.890.0133.100.9714783181836233565680794512318CH6
26.0027.001.000.890.0122.000.4911482961836333565880794522318CH6
27.0029.002.001.770.0030.500.011692951836433565980794532318CH6
29.0031.002.001.770.0030.250.011422431836533566180794542318CH6
31.0033.002.001.770.0030.250.011232311836633566380794552318CH6End Channel Sample33.0035.002.001.770.0030.250.001552961836733569980797102260CH7Start Channel
Sample0.000.700.700.700.0030.250.011462081836833569980797112260CH7
0.701.801.101.100.1418.202.8918238471836933569880797122260CH7
1.802.901.101.100.53525.208.7012838731837033569880797132260CH7End Channel Sample2.903.500.600.600.0035.900.0311032381837133572780797102279CH8Start Channel Sample0.002.002.002.000.0030.250.0211443561837233572780797052279CH8
2.004.002.002.000.0030.250.031441521837333572780797092279CH8
4.005.501.501.500.0080.800.121612371837433572780797112279CH8
5.506.501.001.000.0274.900.8012466111837533572780797072279CH8End Channel Sample6.508.001.501.500.0030.250.021351401837633575080796862267CH9Start Channel Sample0.002.002.002.000.0031.500.011472091837733574980796872267CH9
2.003.501.501.500.3428.400.6511214071837833574880796882267CH9
3.504.501.001.000.12414.201.1211605121837933574780796892267CH9
4.505.501.001.000.0217.800.311992301838133574680796902267CH9
5.506.501.001.000.0398.100.3213543231838233574680796902267CH9
6.507.501.001.000.0486.200.2512162301838333574580796912267CH9End Channel
Sample7.508.501.001.000.0465.200.4511224471838433575480796572270CH10Start Channel Sample0.002.002.002.000.0103.100.1314382191838533575380796582270CH10
2.004.002.002.000.0037.200.0218081471838633575180796592270CH10
4.006.002.002.000.0313.500.1016151841838733574980796602270CH10End
Channel Sample6.008.002.002.000.0032.000.01168120

APPENDIX 1

Table 4 Cinto Rock Sample Geochemical Assay Results

Sample
NumberEast
CoordNorth
CoordElevationAu ppmAg ppmCu %Mo ppmPb ppmZn ppm18001335743808105923230.0030.250.0010.5158118002335693808099522960.0030.250.0010.58918003335416808076624660.0030.250.001241218004335522808093025120.0150.50.0021462102018005335393808077225610.0030.250.00211411718006335272808063323990.0030.250.0022112718007335138808049225210.0030.250.0020.5186418008335010808034924940.0030.250.0021163518009334880808018424920.0030.250.002394218010334732808000824390.0030.250.0022202818011334632807987624310.0030.250.00211910218012334627807981724500.0030.250.003331318013334481807974123200.0030.250.0031186518014334364807956822880.0030.250.0031166518015334271807943624730.0030.250.0030.5116618016334114807925424560.0030.250.0031278718017334007807914424760.0030.250.00312210118018334113807904724570.0030.250.0030.51411218019334252807917023770.0030.250.0030.51012118020334391807928825180.0030.250.0031167918022334525807941524430.0030.250.0031156518023334517807944523820.0030.250.0031248218024334628807960224370.0030.250.00413810018025334731807975424830.0030.250.0040.564118026334889807990623600.0030.250.0040.53815418027334797808002124600.0030.250.00427142218028335048808007724870.0030.250.0040.5188718029335191808021724760.0030.250.0040.5109618030335342808036124590.0030.250.0043182618031335360808039622950.0030.250.0050.5118218032335429808055625670.0030.250.0053408218033335540808066124300.0030.250.0050.5159918034335683808079624720.0030.250.0051196218035335816808093924980.0030.250.0050.5117118036335618808063326140.0030.250.0051118518037335955808085223490.0030.250.005120313318038335851808068624350.0030.250.0052156118039335695808056225100.0030.250.005376418041335590808038623730.0030.250.0060.5247318042335439808021724100.0030.250.0061179218043335306808008424270.0030.250.00614117218044335165807990025100.0030.250.0060.52115818045335035807977826700.5030.250.00721911518046334945807963124960.0030.250.0071265418047334774807946224290.4940.250.0073511818048334648807933924290.0030.250.0073111118049334524807916226080.0030.250.007462518050334406807901324460.0030.250.0080.51510918051334306807881025130.0030.250.0080.53111018052334407807877323750.0030.250.00812111118053334559807887724530.0030.250.0090.511817618054334690807898124760.0030.250.0091148118055334814807918025670.0030.250.009863018056334931807934424750.0030.250.0091108018057335922808056124450.0030.250.012126918058335839808042325540.0030.250.0121311218059335724808024124000.0030.250.011115818060335552808008824030.0030.250.010.51716918061335552808008824660.0030.250.0110.5115718062335476807993923990.0030.250.011198618063335335807975324870.0030.250.01112811018064334580807859324770.0050.250.0111169618065334716807874724870.0030.250.0121259818066334832807991025110.0030.250.012188718067334994807905027380.0030.250.0131247218068334287807948926530.0030.250.0163189818069335203807964026800.0030.250.0163137018070334674807930826100.0050.250.016910714718071335072807918223900.0030.250.01811410118072335226807935724180.0030.250.0182139618073335357807950523900.0030.250.01911411318074335475807965425450.0030.250.0190.51210718075335631807980027260.0030.250.0192189818076335745807996425070.0030.250.021149118077335871808011027380.0030.250.021128318078335421808089825410.0030.250.0212209818079335323808091025070.0030.250.0212109118081335222807964824580.0030.250.04321110018082332909807793223450.0030.250.0010.5111918083332914807783323300.0030.250.0010.5122118084333000807761722500.0080.250.002152718085335781807977822590.011.10.1310.56724718086335312808010923780.0172.40.51922510818087335370808009323790.0030.250.0030.5318418088335378808007924000.0030.250.0151177018089335464808000023650.0030.250.0070.5197318090335092807995624190.0030.250.181111045618091335069807997324690.0030.250.0030.5248618092335641807988823980.02220.7421267318093335688807978223510.0030.250.0011164918094335533807970224020.0030.250.0011285718167335058807952023600.0030.250.0050.55110118168335058807952023600.0030.250.0040.54717518169335054807952123600.0030.250.0140.58130918170335053807952123600.0030.250.0070.56225618171335049807952023600.0030.25014425018172335048807952023600.0030.2500.53924318211336036807998223020.0050.250.0190.51312218212336679807999924140.0050.250.0131124618213336818807999424600.0030.250.0111154118214337082807990824900.0050.250.0131176818215337086807999625000.0030.250.01921710318216337342807999723800.0030.250.0171178718217337614808002023700.0093.30.10211910777018218337706807970823300.0063.30.63641812718219335015807944724280.0030.70.015146225518221337218807984124600.14517.10.031158067118222337257807988324100.0030.250.0163215318223337837807940320710.0060.250.0145979118224336389807987023790.0230.250.0350.57827318225336664807984123930.0030.250.0181118618226336425807953422690.0030.250.0180.51710418227336405807948122540.0030.250.005163318228337198807972524020.00313.40.0181118018229337501807979722770.0090.250.014296118230337317807968623370.0052.80.03814620233018231337479807984523100.0030.250.032257218232337615807969122460.0030.250.0172268818233337724807953121810.0030.250.0141148818234336165807923822060.0030.250.0131245218235336237807920621510.0070.250.0240.588818236336307807911721570.0050.250.0240.579918237336085807939222110.01210.188226026218238337432807926222630.0030.250.0131168718239337479807923122530.0030.50.011188618244337399807936922670.00316.40.03421213030018245336960807954023310.0030.250.0171669618246336938807954223290.0030.250.0161429018247336823807938322440.0030.250.0151328718248336735807941022410.0030.250.0151208318249336694807922421370.0030.250.0161279518250337227807954423870.0030.250.0182228918251337399807937722630.02417.80.3071955538018252336465807947122300.0030.250.0020.5578718253337399807940422550.1733030.364929500257018254337401807940322540.02311.40.056114100261018255337399807937722630.3082010.588216428002390018256337404807937522620.21534.30.06235400712018257337406807937522600.00913.10.04821380253018258337409807937522590.0031.40.48934110218259337837807940320860.0070.250.014613911718261337282807959623690.0030.250.068631241818262337381807960523220.09390.80.212816350586018263337481807954522800.0030.250.01914010118264337460807950222620.0081.20.027126845918265337407807949622770.1191360.389987200114018266337397807944622571.9852321.06831005002610018267337413807933722670.2031681.22743500880018268335901807953522000.0030.70.0360.513541618269335778807969222450.0030.250.02614911918270336959807983624190.0030.250.01622311018271336835807967423170.0030.250.0142429618272336542807970422480.0030.250.0121239118273336090807954422510.0030.250.0171169818274337750807960721930.0030.250.0161197818275336558807908621240.0050.250.0212510318276336441807922421290.0030.250.0281249918277336567807936921760.0030.250.01612713518278336305807940221890.0030.250.03211610918279336055807943421700.0060.60.0332913818280336086807927921360.0030.250.02211712018282335913807920821610.0030.70.019119852318283336020807906421750.0030.250.02611411418284336839807909020770.0030.250.0091149718285335601807964523300.0030.250.0030.53910118286335634807954123160.0030.250.00219017318287335473807953423070.0030.250.0030.51514018288335516807939222590.0030.250.01912117218289335796807910322030.0030.250.0082187818290335751807940422830.0030.250.00933312818291335646807923422320.0030.250.02111410618292335781807922321950.0070.250.226187318293335981807946121671.1751.41.115131632818294335567807948122830.0172.20.8862227918295335573807938122480.0120.250.6891229518296334669807919424910.0030.250.0066194518297334697807916524940.0030.250.005164018298335095807911224350.0050.250.00321223718299334810807933724780.0030.250.0040.5105118301335177808025124370.0030.250.0090.598318302335213807919123850.0030.250.004487518303335245807907723890.0030.250.011238818304335518807906223350.0030.250.0040.582518305335372807922223260.0030.250.0040.5166418306335623808027523820.0030.250.006196918307335987808054825460.0030.250.0222119618308335978808075725940.0030.250.021199218309335731808042323900.0030.250.0071139718310335069807906824320.0030.250.0010.512918311335453808012123640.0030.90.0123116016818312335315807998523640.0030.250.0020.55615718313335243807992223830.0030.250.0060.52910518314335082807980624300.0030.250.0080.51611318315335208807978024110.0030.250.0090.51817418316335344807987224000.0030.250.0070.5119818317335593807996323070.0030.250.01811310118318335726808009923540.0030.250.00712814918319335344808026224060.0050.250.005862718320334539807981925100.0030.250.0020.5168218322334404807964524710.0030.250.0030.53911018323334160807936425100.0030.250.0091439718324333762807904425870.0260.250.0011286618325334031807935425150.0030.250.01113011918326334180807949324630.0030.250.0021119318327334274807965424750.0030.250.00313313018328333730807934025050.0030.250.0131158118329333649807918625210.0030.250.00717933818330333519807902725470.0030.250.0021811718331333372807887925250.0050.250.0021453018332333380807875124840.0030.250.0011147318333333491807891025330.0030.250.0031158418334333624807904125800.0030.250.001156518335333896807947924960.0030.250.01111210318336335796807965422800.0650.51.13563110918337335704807955023230.8832.18.3195119418338335781807957922720.0050.50.13912113718388336964807923121920.0030.250.0151137318389337103807940123140.0030.250.0161148018390337193807939023150.0030.50.7752217518391337241807925622580.0030.250.0152149118392337079807910321530.0050.250.0171188918393337419807943922450.0030.70.018113643918394337439807942322420.0171.80.0191852142018395337471807939922310.10854.30.32532860700018396337506807938522210.0030.250.021113028318397337597807938121810.0030.250.01619960818398337770807937820900.0070.80.0473516173018399337817807939320730.00510.4353289318400337859807939120630.0030.250.0171108418402336255807923921220.0050.250.107187018403336150807935721740.0030.251.135210238218404336132807928821400.09411.30.476134320918405335914807953421170.040.70.3124168818406335698807940523150.0050.250.54431612118407337710807983322870.0070.250.01416722018408337726807968622190.0030.250.02214217018409337887807955621310.0030.70.23531511018410337964807945321120.0120.50.2223197118411337948807961920990.0030.250.0126212618412335658807988022860.0092.90.5622317618413336190807929921460.0170.50.76171615718414334522807898524160.01513.12.081309518415336251807922721600.0030.250.0221108618416334825808039924220.0030.250.02122610618417334564808005724940.0030.250.00712612518418334423807997324680.0030.250.0041156518419334291807979724680.0030.250.0041178318421334146807964224560.0030.250.0062138018422334027807949824560.0030.250.0051107418423334425807979924760.0030.250.0021158118424334150807995424120.0030.250.00622812518425334010807981923920.0030.250.004187118426333901807964824080.0030.250.007345318427333765807948224940.0030.250.0111128318428333659807930424860.0030.250.0062145818429333489807914825250.0030.250.0012337918430333387807900725320.0030.250.0031195718431334739807888324200.0030.250.002132118432333124807875424910.0030.2501132018433332967807862424800.0030.2501122018434332919807842124580.0030.250.0021183618435334100808018923690.0030.250.00312712818436333900807996523550.0030.250.001591518437333377807936824160.0030.250.01235416618438333224807917323800.0030.250.0031136318439333108807902624180.0030.250.001187118440332976807886324150.0030.250.00116413218442334802807865623950.0050.50.014458118443334819807862523950.0090.250.0114214118444334784807861423830.0030.250.01117192618445332964807924623220.0060.250.0021114518446333277807951623220.0030.250.0141169018447333277807951623220.0050.250.0111179818448333536807983223240.0030.250.0041139318449332706807888823630.0030.250.0011468918450332598807871323410.0030.2501356918451332481807856223590.0030.2501304418452333628807914625290.0060.250.1882338718453332343807842123210.0050.250.0011181718454332227807828527770.0050.250.0011135018455332446807825923610.0030.250.0011113218456332603807842023820.0030.2501177018457332717807857024210.0050.250.0011213718458332842807876524390.0030.250.0012224618459333631807871024390.0030.250.0011214518461333514807857123920.0030.250.0051107018462333341807844723700.0030.80.0025121318463333232807827323880.0030.250.0042116718464332984807829024090.0030.250871518465333130807844624210.0030.250.0041137618466333247807859024140.0030.250.0062166218467333442807867624440.0030.2501205918468333500807823923130.0030.250.001271518469333625807846823640.0030.250.0031133918470333772807857923880.0030.250.0011134618471333896807872024520.0030.250.00112115418472333284807848923740.0050.250.0058124318473333036807849724380.0030.250191118474333223807793723810.0030.2501142318475333368807781223790.0030.250.0011142018476333509807797223390.0030.250.001193018477333647807811522860.0030.250.0014196418478333789807827923560.0030.250.0021209618479333933807843223730.0030.250.0011189118480334041807861024190.0030.250.00219712018482334150807869724840.0030.250.0011225818483334290807893424380.0050.250.001134218484334279807858124780.0030.250.006156218485334161807844024070.0030.250110411518486334028807830223210.0030.250.0011122718487333932807812922990.0030.250.0011137418488333783807795922900.0030.250183418489333654807782622720.0030.250.0011115218490333526807765522880.0030.2501154218491333396807749122490.0030.250.001161018492333588807769923030.0030.250171418493333515807742122200.0030.250.001281418494333664807753522590.0030.250.001317918495333774807767522240.0030.250294118496333931807781222540.0030.250.0011121218497334018807798122680.0030.250.0011195018498334152807812823110.0030.25012812318499334273807829123540.0030.250.0021113318501334405807842324300.0030.250.003163618502334924807871824070.0050.250.0071186618503334835807857923910.0050.250.0081156518504334678807843023370.0030.250.00511410318505334588807830123580.0030.250.0041109418506334419807813323690.0070.250.0076167818507334295807795623450.0030.250.0041168718508333972807779722370.0030.250.001162518509334039807736521970.0030.250.0011122818510334178807750422030.0030.25011640

APPENDIX 2

JORC Code, 2012 Edition – Table 1

Criteria

JORC Code explanation

Commentary

Sampling techniques

Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.Include reference to measures taken to ensure sample representativity and the appropriate calibration of any measurement tools or systems used.Aspects of the determination of mineralisation that are Material to the Public Report.
In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information.333 rock chip and grab samples were collected in 2H 2024 from outcrops on an approximate 200 x 200m grid over an area of 9km2 in the northeast of the Cinto tenements. Within this area, where visible copper oxide mineralisation was observed, further samples were taken off- grid to outline zones of interest. Coordinate position and assay results of each sample are shown in Table 4, Appendix 1 of this ASX release. The samples are considered to be as representative as possible of the exposure albeit that, by their nature, chip and grab samples do not reflect the overall grade of mineralisation encountered. Samples were representatively hand-cobbed to approximately 2.5kg mass for lab submission. These samples complement 45 samples taken previously (see ASX Release dated 9 July 2024 ).Within the rock sampling grid, 152 channel samples were taken from 10 separate channels of maximum and minimum field length 90.5m and 1.20m respectively. A total of 219.10m of channels were sampled (field length – see below for true length). Channel samples were taken on visible mineralisation exposures that were created by old (>50 years) small-scale workings or gully erosion. Channels 1-4, 6, and 9-10 exhibited old workings that were channelled. Within constraints of practicality, channels were sampled to cross mineralisation strike at a high angle and were designed to represent true widths. The channel samples were adjusted from sampled length to true length where exposure configuration caused curvature of the channel. Channels 1-4 and 6 were adjusted in this manner from GIS plans. Channels 5 and 7-10 are considered linear in the field and were not adjusted. Channel samples were taken in consistent fashion to maintain representative samples. In areas with old workings, usually more friable, the channels were dug approximately 10-20 cm wide by 10-20cm deep. In areas of natural exposure, the channels were chipped to 20-30cm wide by 5-10cm deep. Bulk samples were collected on a tarp. Sample lengths were usually 1.0m or 2.0m, or as short as 0.20m in a vein. Coordinate position and assay results of each channel sample are shown in Table 3, Appendix 1 of this ASX release. The coordinates are considered the centrepoint of the channel sample.

Drilling techniques

Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face- sampling bit or other type, whether core is oriented and if so, by what method, etc).No historical or new drilling has been reported in this announcement.

Drill sample recovery

Method of recording and assessing core and chip sample recoveries and results assessed.Measures taken to maximise sample recovery and ensure representative nature of the samples.Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.No drilling reported herein.

Logging

Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.The total length and percentage of the relevant intersections logged.No drilling reported in this announcement.Rock chip and grab samples were logged and rock type lithologies, oxidation and quantities of, and types of, mineralisation noted. Channel samples are logged in a similar but continuous fashion to construct a strip log of the channel. All channels were logged, 10 in total, for a total of 219.10m of logging (field length) (100% logged).

Sub-sampling techniques and sample preparation

If core, whether cut or sawn and whether quarter, half or all core taken.If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.For all sample types, the nature, quality and appropriateness of the sample preparation technique.Quality control procedures adopted for all sub-sampling stages to maximise representativity of samples.Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling.Whether sample sizes are appropriate to the grain size of the material being sampled.Systematic rock channel sampling was taken and separated on a tarp – usually up to 30-50kgs per linear metre. Samples were usually friable rock or chips of <3cm and were coned and quartered to produce samples of 3kgs for lab submission. Tarps and shovels/picks were cleaned after each sampling. Field duplicates were taken across a range of channel sample mineralisation and reported excellent correlation. The sample procedure and preparation is considered appropriate for the nature of the base metal mineralisation tested and its distribution throughout the sample.Rock chip and grab samples taken were considered to be of appropriate size and representativity to ascertain if copper and or precious metal mineralisation is present at the outcrops.

Quality of assay data and laboratory tests

The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.

All rock chips were assayed by ALS in Lima. Methods used were total assay of sample:

Preparation PREP31Analysis Au-AA23 and ME-ICP61Cu OG-62 for overlimit Cu >1%Pb OG-62 for overlimit Pb >1%Zn OG-62 for overlimit Zn >1%Ag OG-62 for overlimit Ag >100ppmOREAS standards, blanks, and field duplicates were inserted at appropriate intervals and reported within required ranges.

Verification of Sampling and assaying

The verification of significant intersections by either independent or alternative company personnel.The use of twinned holes.Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.Discuss any adjustment to assay data.All Solis data is verified by the Competent Person. Channel sample intersections have been checked by alternative company director with prerequisite experience. All data is stored in an electronic database and sample rejects are stored in company warehouses. Competent Person and alternative company director have visited the site during channel sampling and observed sampling techniques and quality control.Channel sample intersections and widths were established.

Location of data points

Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.Specification of the grid system used.Quality and adequacy of topographic control.All sample locations were captured using a handheld GPS in WGS84 19S.Rock and chip samples are points. Channel sample intervals have their centrepoint as their GPS location.

Data spacing and distribution

Data spacing for reporting of Exploration Results.Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.Whether sample compositing has been applied.No set sample spacing or pattern has been applied due to the preliminary nature of the sampling programme. Exposures of mineralisation were tested where found and not on a regular pattern. The distribution of the mineralisation allows commentary on potential scope of mineralisation but does not imply continuity.

Orientation of data in relation to geological structure

Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.Channel sample orientation was designed to cross mineralisation at a high angle where possible and appropriate in the exposures.No bias has been introduced in current drilling and sampling.

Sample security

The measures taken to ensure sample security.All samples are bagged onsite under supervision of Solis staff, all bags are then sealed and couriered to the relevant laboratories with all relevant submission documentation. All samples once received are logged into the lab and notice of each sample received is sent and cross checked with sample dispatch.

Audits or reviews

The results of any audits or reviews of sampling techniques and data.There have been no detailed external audits or reviews undertaken.Solis has conducted an internal technical review and site visit by the Competent Person and the alternative company director.

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