Ponton Project tenements are located 200km northeast of
Kalgoorlie and immediately to the south and southeast of Western Mines Group’s (ASX: WMG) Mulga Tank Ni-Cu-PGE Project. The Project is considered to have good greenfield gold, nickel and rare earth oxide prospectivity, with gold geochemical anomalism defined by Solstice’s soil sampling during 2021 and 2022 awaiting first-pass drilling, as well as a series of unexplored geophysical targets.
Coincident aeromagnetic and gravity features on the tenements are for the most part below transported cover, and the source of these features is uncertain. Potential options include slices of mafic, ultramafic and iron-rich sedimentary rocks in gneissic terrain extending from the Minigwal greenstone belt, or local intrusions (mafic/ultramafic, alkaline or carbonatite) that have utilised the structural corridors evident in regional magnetics. This setting offers a range of mineral styles including Ni-Cu-PGE mineralisation, rare earth oxides and shear-hosted gold.