Copper exploration

Solis Minerals (ASX: SLM) is advancing a major copper-gold exploration campaign in Peru’s coastal copper belt, launching three key projects: a 2,500m drilling program at Chancho al Palo (targeting porphyry/IOCG systems), permitted 5,000m drilling at Ilo Este by 2025, and an IP survey near Southern Copper’s Toquepala mine. Positioned in a region producing 19% of global copper, Solis benefits from full asset ownership and proximity to infrastructure. Risks include regulatory delays and copper price volatility ($4.50/lb). Peru aims to double copper output by 2030, driven by green tech demand. SLM shares rose 4.3% post-announcement, with A$12.6M working capital supporting operations.

Forte Minerals Corp. (FOMNF) approved 225,000 stock options for directors, officers, and consultants, exercisable at $0.475/share with a five-year term and compliance with CSE’s four-month restricted holding period. The grant aligns management incentives with long-term shareholder value, signaling internal stability in copper exploration amid rising demand. Analysts caution potential dilution risks from conversions but highlight its strategic position through Peruvian partnerships, balancing growth opportunities with regulatory adherence.