Quarterly Activities ReportFor the period ended 30 November 2023...

Quarterly Activities Report
For the period ended 30 November 2023
Solis Minerals Limited (ASX: SLM) (“Solis” or the “Company”) is pleased to present its
quarterly report for the three months ending 30 November 2023 (“the Quarter”).
BRAZIL LITHIUM PROJECTS
Borborema
Estrela Prospect
Progress on the exploration program at the Estrela Prospect continued during the quarter and
drilling was completed shortly after the quarter end. This included completion of
reconnaissance mapping, mobilisation of an additional drill rig, submission of assays and
demobilisation of the drill teams on completion of the programme.
The preliminary reconnaissance mapping completed in September 2023, resulted in the
identification of three new lithium bearing outcropping pegmatites with confirmed spodumene
present (Figure 1) and rock chip samples returning results up to 7.6% Li2O1 (Table 1).
Table 1: Rock chip samples from Estrela
Sample_lD Tenement Northing Easting SGS_Method Li2O
OM00048 848223/2015 9271363.8 763023.57 ICM90A 3.97
OM00049 848223/2015 9270438 763471.1 ICM90A 1.66
OM00050 848223/2015 9271186.4 764165.46 ICM90A 3.52
OM00051 848223/2015 9271363.8 763023.57 ICM90A 7.62
OM00052 848223/2015 9271363.8 763023.57 ICM90A 0.38
OM00053 848223/2015 9271363.8 763023.57 ICM90A 0.72
Following the identification of drill targets, drilling at the Estrela Prospect commenced in
October 20232. The drilling programme targeted outcropping pegmatite bodies with identified
spodumene in rock chip samples (Figure 2). Previous mapping had identified outcropping
strike of greater than 1.2km with surface expressions exhibiting widths up to 30m in artisanal
workings.
The drillholes were designed to intersect the pegmatite bodies at between 60-120m below
surface to determine if the bodies had potential to host economically viable volumes and
grades of mineralisation.
1 See ASX release of 7 September 2023. 2 See ASX release of 17 October 2023.
www.solisminerals.com
Shortly after the commencement of the initial drilling phase, a second drill rig was deployed to
accelerate the programme and test the pegmatites before the end of the calendar year3.
Figure 1: Rock chip and float sampling results with tenement outline and mapped outcropping
pegmatites at the Estrela Project
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Figure 2: Drillhole locations at Estrela showing holes completed.
Subsequent to the quarter end, the Company confirmed a total of six different pegmatite
bodies were tested with 15 drillholes to depths of up to 204m below surface4 (Appendix 1).
Assay results have been received for four of the 15 drillholes completed at Estrela with no
significant lithium reported despite the early potential demonstrated by surface exploration