Solara Minerals secures 310km2 of gold and copper tenure near DeGrussa Project

Solara Minerals (ASX:SLA) announced the acquisition of seven high-potential gold and copper projects in Western Australia's Bryah Basin, securing 310km2 of exploration licences through a binding agreement with OD4 Tom Price.

This move positions Solara in a mineral-rich zone near several major deposits and operations.

The portfolio includes the Degrussa West Project, located just 17km from Sandfire Resources' high-grade DeGrussa Copper-Gold Mine and 10km from Catalyst Metals’ Old Highway gold deposit.

Previous geophysical surveys at Degrussa West identified untested bedrock conductors aligned with the DeGrussa geological sequence, making them prime targets for upcoming drilling.

Also included are the Wilgeena, Mikhaburra, and Karalundi Projects, situated near established gold assets such as Westgold's Peak Hill and Catalyst’s Hermes deposits.

Solara has already conducted a moving loop electromagnetic survey at Degrussa West, with data interpretation underway to refine drill targets.

Executive Director Tony Rovira said the acquisition aligns with Solara's strategy of investing in high-quality exploration assets in proven mineral provinces.

"These projects sit in one of Western Australia's most prospective gold and copper regions. They offer the opportunity to test for extensions or analogues of known deposits like DeGrussa and Monty," Rovira stated.

Under the terms, Solara will pay $130,000 in cash and issue 1.25 million shares upon completion, with up to 1.5 million additional shares issued upon meeting exploration milestones.

Completion is targeted for the end of July, pending final conditions.

At the time of reporting, Solara Minerals’ share price was $0.21.