Tillkännagivande • Apr 23

Solaris Reports First Drilling Results from 2024 Program and Exploration Update, Including 150m of 0.67% CuEq within 384m of 0.51% CuEq and 284m of 0.53% CuEq from Near Surface

Solaris Resources Inc. reported the first drill results from its 2024 drilling program and an exploration update at its Warintza Project (“Warintza” or “the Project”) in southeastern Ecuador. Highlights: Drilling activities ramped up through the first quarter rainy season with six rigs now in operation at Warintza Central, East and Southeast and drilling expected to continue throughout the year in support of expanding and upgrading resources. In addition, follow-up exploration drilling is set to commence at the Patrimonio discovery and regional exploration is underway at the promising Caya epithermal gold target. SLS-76 was collared on the northeastern limit of the Northeast Extension zone and drilled northwest, returning 150m of 0.67% CuEq¹ within a broader interval of 384m of 0.51% CuEq¹, before the hole was terminated in lower grade mineralization. SLSE-31 was collared on the southern margin of Warintza Southeast and drilled east to the ~300m depth capacity of the KD-200 rig, returning 284m of 0.53% CuEq¹ from near surface, with the final 10m averaging 0.75% CuEq¹ and remaining open for extension drilling with a larger rig. SLS-75, drilled northeast from a new 200m step-out platform at Northeast Extension zone, returned 26m of 0.52% CuEq¹ and 46m of 0.66% CuEq¹ within a low-grade section from surface with a post-mineral dyke before a final 62m mineralized interval averaging 0.51% CuEq¹. SLSE-32 was collared on the northern margin of Warintza East and drilled north, returning 380m of 0.31% CuEq¹ from surface within a broader interval of 634m of 0.27% CuEq¹ where the hole cut the contact of the primary host lithology with bordering lower grade volcanic rock. Exploration drilling is underway at Patrimonio to follow up on the discovery holes (144m of 0.50% CuEq¹ and 148m of 0.52% CuEq¹, respectively – refer to press release dated September 12, 2023) while field crews expand sampling coverage over the highest grade part of the anomaly to the south and down-dip of the replacement mineralization to locate the potential porphyry source. Regional exploration programs are underway at the promising Caya epithermal gold target, located 6km to the northeast of Warintza East, where field crews are expanding sampling and alteration mapping to the west to cover an area where evidence of historical artisanal mining has been identified. Funded for 2024 and 2025 programs with the offtake financing package announced in December, with plans to aggressively expand activities and consolidate the surrounding district with funds from closing the strategic investment announced in January. 2024 Drilling Program and Funding: The 2024 drilling program has progressively ramped up over the rainy season with approximately 700m drilled in January, 1800m in February, 3800m in March, and on track for 5,200m in April with six rigs now in operation. A minimum of 30km of drilling is planned in 2024, with a Mineral Resource Update expected by the end of June, and drilling planned to continue thereafter. The Company is funded for its 2024 and 2025 programs with the offtake financing package announced in December. As at December 31, 2023, the Company had approximately USD 39 million in cash and equivalents, with an additional USD 40 million expected from its offtake financing package. The Company plans to aggressively expand activities and consolidate the surrounding district with funding from the closing of the strategic investment. The parties are continuing to work through the Canadian regulatory process to close the transaction and Solaris will update the market when it has a material update to provide. Regional Exploration: Caya Epithermal Gold Target: Field crews have recently been active at the Caya target, where stream sediment sampling has identified a 5km x 3km gold anomaly, 6km northeast of Warintza East. Soil sampling has defined an open-ended area of 0.7km x 1.3km in which anomalous gold and other epithermal pathfinder elements are concentrated and obscured by an overlying stratigraphic unit. The soil anomaly coincides with clay alteration in which dickite is enclosed by high-crystalinity koalinite that grades outward into clay minerals that were developed at successively lower temperature. Such hydrothermal alteration zoning, combined with sporadic occurrences of vuggy silica that have been found, are typical of high sulphidation epithermal systems. The target is relatively flat-lying mineralization in permeable strata adjacent to feeder faults. Sampling conducted over the last month has extended the soil grid to the west to cover an area of historical disturbance from past artisanal mining. Given the flat-lying nature of the conceptual target, additional spectral work is being done to refine the alteration zoning in the volcanosedimentary layers that overlie the target. The Company expects to report on the results of this work in more detail in June. Technical Information and Quality Control & Quality Assurance: Sample assay results have been independently monitored through a quality control/quality assurance (“QA/QC”) program that includes the insertion of blind certified reference materials (standards), blanks and field duplicate samples. Logging and sampling are completed at a secured Company facility located in Quito, Ecuador. Drill core is cut in half on site and samples are securely transported to ALS Labs in Quito. Sample pulps are sent to ALS Labs in Lima, Peru and Vancouver, Canada for analysis. Total copper and molybdenum contents are determined by four-acid digestion with AAS finish. Gold is determined by fire assay of a 30-gram charge. In addition, selected pulp check samples are sent to Bureau Veritas lab in Lima, Peru. Both ALS Labs and Bureau Veritas lab are independent of Solaris. Solaris is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein. Details on the surface sampling conducted at the Project are set out in the technical report titled, “NI 43-101 Technical Report for the Warintza Project, Ecuador (Amended)” with an effective date of April 1, 2022, prepared by Mario E. Rossi and available on the Company’s SEDAR+ profile and website. The drillhole data has been verified by Jorge Fierro, M.Sc., DIC, PG, using data validation and quality assurance procedures under high industry standards.

VD-lön i procent	n/a
Anställning som VD	1.7yrs
Ägande av VD	0.09%
Ledningens genomsnittliga anställningstid	1.7yrs
Styrelsens genomsnittliga mandatperiod	1.7yrs

Namn	Position	Anställning	Kompensation	Ägarskap
Javier Toro	Chief Operating Officer	2.7yrs	US$1.25m	0.019% $ 270.4k
Matthew Rowlinson	President	1.7yrs	inga uppgifter	0.086% $ 1.2m
Richard Hughes	CFO & Company Secretary	1.7yrs	inga uppgifter	inga uppgifter
Patrick Chambers	Vice President of Business Development & Investor Relations	1.7yrs	inga uppgifter	inga uppgifter
Jorge Fierro	Vice President of Exploration	11.7yrs	US$555.60k	0% $ 0
Ricardo Obando	Vice President of Social	no data	inga uppgifter	inga uppgifter

Namn	Position	Anställning	Kompensation	Ägarskap
Matthew Rowlinson	President	1.7yrs	inga uppgifter	0.086% $ 1.2m
Richard Warke	Non-Executive Chairman	6.7yrs	US$1.06m	36.21% $ 511.2m
Donald Taylor	Independent Non-Executive Director	6.7yrs	US$115.87k	0.24% $ 3.4m
Rodrigo Borja	Independent Director	1.7yrs	inga uppgifter	inga uppgifter
Hans Wick	Independent Director	1.7yrs	inga uppgifter	0.11% $ 1.6m

Uppgifter	Senast uppdaterad (UTC-tid)
Analys av företag	2026/09/10 12:02
Aktiekurs vid dagens slut	2026/09/10 00:00
Intäkter	2026/06/30
Årlig intjäning	2025/12/31

Paket	Uppgifter	Tidsram	Exempel US-källa
Företagets finansiella ställning	10 år	Resultaträkning Kassaflödesanalys Balansräkning	SEC Form 10-K SEC Form 10-Q
Analytikernas konsensusuppskattningar	+3 år	Prognos för finansiella poster Analytikernas prismål	Rapporter från analytiker Blue Matrix
Marknadspriser	30 år	Aktiekurser Utdelningar, splittar och åtgärder	ICE Marknadsdata SEC Form S-1
Ägarskap	10 år	Största aktieägare Insiderhandel	SEC Formulär 4 SEC Formulär 13D
Förvaltning	10 år	Ledningsgrupp Styrelse och verkställande direktörer	SEC Form 10-K SEC Form DEF 14A
Viktiga utvecklingstendenser	10 år	Företagsmeddelanden	SEC Formulär 8-K

Analytiker	Institution
Bereket Berhe	Beacon Securities Limited
Alexander Robert Pearce	BMO Capital Markets Equity Research
Heiko Ihle	H.C. Wainwright & Co.

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Viktig information

Senaste uppdateringar av ledningen

Solaris Resources Inc., Annual General Meeting, Jun 30, 2026

Solaris Resources Inc., Annual General Meeting, Jun 24, 2025

Solaris Resources Inc. Announces Chief Financial Officer Changes

Solaris Resources Inc. Appoints Matthew Rowlinson as Chief Executive Officer, Effective January 1, 2025

Solaris Resources Inc., Annual General Meeting, Jun 24, 2024

Solaris Resources Inc. Appoints Javier Toro as Chief Operating Officer, Effective January 1

Recent updates

Solaris Resources Inc. Advances Technical Studies and De-Risking Activities at Warintza Project

New major risk - Revenue and earnings growth

Solaris Resources Inc., Annual General Meeting, Jun 30, 2026

Solaris Resources Announces Technical Approval of Environmental Impact Assessment for Warintza Project

New minor risk - Profitability

Forecast to breakeven in 2028

Solaris Resources Inc. Publishes Positive Pre-Feasibility Study Results and Maiden Mineral Reserve for the Warintza Project

New major risk - Revenue and earnings growth

New major risk - Financial position

Solaris Resources Inc. Completes Significant Drilling Campaign at its Warintza Project in Southeastern Ecuador

Solaris Resources Inc., Annual General Meeting, Jun 24, 2025

New major risk - Revenue and earnings growth

New major risk - Negative shareholders equity

Solaris Resources Inc. Announces Chief Financial Officer Changes

New minor risk - Share price stability

Solaris Resources Inc. Appoints Matthew Rowlinson as Chief Executive Officer, Effective January 1, 2025

Solaris Resources Inc. Provides Warintza Operations Update, 2024 Drilling to Exceed 75,000m and Early Works Infrastructure Development Underway

Solaris Resources Inc. Reports Assay Results from Its Ongoing 2024 Drilling Program

Solaris Resources Inc. Reports 4.03% Cueq from Surface in New Drilling as Further Productivity Gains Drive Record 10Km Drilling in August

Solaris Resources Inc. Provides an Update on Recent Results from the Celestina Target Area

Solaris Resources Inc. Reports Drill Results from Its Ongoing 60,000M and 8-Rig Drilling Program At Its Warintza Project

New major risk - Financial position

Solaris Resources Inc. Reports In-Pit Mineral Resources Including Higher Grade Mineralization; over 30,000M Drilling in H2/24 Targeting Open Extensions and Infill to Upgrade Resources

Solaris Resources Inc. Reports Drill Results from the Ongoing 2024 Drilling Program At Its Warintza Project in Southeastern Ecuador

Solaris Resources Inc. Announces the First Significant Precious Metals Assays from Ongoing Regional Exploration from the Caya Area

Solaris Reports 81m of 0.73% Cueq Within 544m of 0.50% Cueq from Surface; Announces Major Expansion of 2024 Drill Program Supported by Record Productivity

New minor risk - Shareholder dilution

Solaris Resources Inc. has completed a Follow-on Equity Offering in the amount of CAD 35.035 million.

Solaris Resources Inc. has filed a Follow-on Equity Offering in the amount of CAD 35.035 million.

New major risk - Revenue and earnings growth

Solaris Resources Inc. Provides Update on Warintza Operations, Optimization Progress

Solaris Reports First Drilling Results from 2024 Program and Exploration Update, Including 150m of 0.67% CuEq within 384m of 0.51% CuEq and 284m of 0.53% CuEq from Near Surface

Solaris Resources Inc., Annual General Meeting, Jun 24, 2024

Solaris Resources Inc. Commences 2024 Drilling Program At Warintza Project

Solaris Resources Inc. announced that it expects to receive CAD 129.589865 million in funding from Zijin Mining Group Company Limited

Solaris Resources Inc. Provides Updated Warintza Mineral Resource Estimate

Solaris Resources Inc. announced that it expects to receive $60 million in funding

Solaris Resources Inc. Appoints Javier Toro as Chief Operating Officer, Effective January 1

Solaris Resources Inc. Announces Assay Results from the First Two Reconnaissance Drill Holes At the Patrimonio Target Confirming A Significant New Discovery, Southwest of Central, on the Warintza Project in Southeastern Ecuador

Solaris Resources Inc. Reports 105M of 0.60% Cueq and 132.60% Cueq from Near Surface

Solaris Resources Inc. Reports 54m of 0.80% CuEq from Surface in Northwest Step-Out at Warintza Central

Solaris Resources Inc. Reports Significant New Porphyry Discovery in First Hole At Patrimonio, Second and Third Holes Underway and Additional Rigs Being Mobilized

Solaris Resources Inc. Reports Highest Grades to Date in Second Porphyry Centre Outside Resource At Warintza East

Solaris Resources Inc. Expands Warintza West to 1.2km by 0.7km, Identifies New Potential

Solaris Resources Inc. Reports High Recoveries of over 90% Copper and 80% Molybdenum from Warintza Project Metallurgical Test Work

Solaris Resources Inc. Reports Assay Results from A Series of Holes Aimed At Growing Mineral Resources At the Warintza East Discovery Within Its Warintza Project in Southeastern Ecuador

Solaris Resources Inc. Reports Assay Results from Series of Additional Holes from Mineral Resource Growth Drilling at Its Warintza Project in Southeastern Ecuador

Solaris Resources Inc. Adds to Near Surface, High-Grade Northeast and Southeast Extensions, Priorities for Further Growth Beyond Mineral Resource

Solaris Resources Inc. Reports Assay Results from Series of Additional Holes from Mineral Resource Growth Drilling At Its Warintza Project

Solaris Resources Inc. Announces Significant New Discovery at Warintza South

Solaris Resources Inc. Reports Assay Results from A Series of Additional Holes from Ongoing Mineral Resource Growth and Discovery Drilling Programs At Its Warintza Project in Southeastern Ecuador

Solaris Resources Inc. Announces Ongoing Drilling Targeting High Grade Link to Warintza Central

Solaris Resources Inc. Reports Latest Assay Results from Ongoing Resource Expansion Drilling At Its Warintza Project in Southeastern Ecuador

Solaris Resources Inc. Commences Maiden Drilling At Warintza East

Solaris Resources Inc. Reports 1,029m of 0.73% CuEq From Surface, Expands Warintza Central to +1,100m Strike; Maiden Drilling Set to Commence at Warintza East

Solaris Resources Inc. Appoints Kevin Thomson to Board of Directors

Solaris Reports 600m of 1.0% CuEq and 462m of 1.0% CuEq From Surface, Continued Expansion of Warintza Central

Solaris Resources Inc. Announces New Discovery at Warintza West, Geophysics Reveal More Extensive Porphyry System; Doubling Drill Program to 12 Rigs

Solaris Resources Inc. Reports 1,067M of 0.60% CuEq from Surface, Expands Limits of Warintza Central to the North, Northeast

Solaris Resources Inc. announced that it expects to receive CAD 52 million in funding

Solaris Resources Inc. Provides Warintza Project Update and Commences Drilling At Warintza West

Solaris Resources Inc. Appoints Chad Wolahan as Vice President, Projects

Solaris Resources Inc Reports Assay Results for the Second and Third Drill Holes from the Ongoing 40,000 Metre (M) Diamond Drill Program At Its Warintza Project in South-Eastern Ecuador

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