Stavely Minerals Limited (Stavely Minerals) (ASX: SVY) is a mineral exploration company formed to acquire early to advanced stage exploration projects with demonstrated high potential for additional discovery.

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Stavely Minerals was founded and is operated by members of the former Integra Mining Limited management team with a track record of discovery and value creation.

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On 6 May 2014, Stavely Minerals was admitted to the Official List of the ASX Limited following a successful Initial Public Offering which raised $6.1 million.

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Stavely Minerals’ assets are located in western Victoria (Stavely & Ararat Projects), north Queensland (Ravenswood Project), north eastern Tasmania (Mathinna & Lefroy Projects) and in central Victoria (Fosterville East Project) in Australia.

The Stavely Project hosts an Inferred Mineral Resource of 28 Mt at 0.4% copper for 110kt of contained copper (gold and silver not estimated) in a chalcocite-enriched supergene blanket.

In September 2019, the Company made a copper-gold-silver discovery at their flagship Stavely Project in western Victoria. The first diamond hole drilled to target the high-grade structurally controlled copper-gold-silver mineralisation within the Ultramafic Contact Fault (UCF) at the Thursday’s Gossan prospect returned stunning grades of up to 40% copper within a 32m wide high-grade zone.

  
Stavely Minerals is currently undertaking a resource drill out of the UCF mineralisation with assays received to date and the visuals from the completed holes demonstrating the growing scale and potential of the shallow copper-gold discovery, which has grown to 700m in strike length and remains open in all directions.

The Company is targeting additional high-grade structurally controlled mineralisation as well as a copper-gold porphyry at the Thursday’s Gossan prospect in the Stavely Project.

 

Stavely Minerals is targeting additional Sandfire-style VMS (volcanogenic massive sulphide) deposits in the Ararat Project.  The Ararat Project hosts Besshi-style VMS copper-gold-zinc mineralisation at Mt Ararat with 1.2 Mt at 2.0% copper 0.5g/t gold and 0.4% zinc in Inferred Mineral Resources. There are also indications of Stawell-style gold mineralisation at the Ararat Project.

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The Ravenswood Project, north Queensland, has excellent potential for orogenic and intrusive-related gold mineralisation with four identified porphyry copper-molybdenum-gold prospects. Additionally, early stage rare earths potential has been identified in the Project.

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Stavely Tasmania Pty Ltd (a wholly owned subsidiary of Stavely Minerals ) holds a dominant position within the highly prospective Alberton – Mathinna “Gold Corridor” in northeast Tasmania, including the New Golden Gate Mine with historical hard-rock production of 254,000oz at an average grade of 26 g/t gold.  Stavely Tasmania has also acquired the majority of the historical Lefroy goldfield, where past gold production is reported to be 180,000 oz at 28g/t gold, and an exploration licence in central Victoria approximately 10km east of the world-class 9 million-ounce Fosterville Gold Mine.