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About Stavely Minerals

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) and north Queensland (Ravenswood 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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Latest News

Significant North-Western Extension of Cayley Lode Confirmed as Drilling Delivers New Wide Copper-Gold Intercepts and More High-Grade Gold

Drilling firms up north-western sector of the deposit, extending strike extent of resource definition area to ~850m within the broader 1.5km long discovery zone

Exceptional High-Grade Gold in Cayley Lode with Best-Ever Intercept of 48m at 1.39% Cu and 6.33g/t Au

Spectacular new shallow intercept includes 16.7m at 3.13% Cu and 17.93g/t Au, including 2m at 132g/t Au located ~80m along strike to the NW from the discovery hole

More Wide Copper-Gold Intercepts as Latest Drilling Continues to Extend Cayley Lode Mineralisation

New intercepts include 21.7m at 2.06% copper, 0.53g/t gold and 17g/t silver including 6.3m at 3.57% copper, 1.17g/t gold and 25g/t silver in SMD108

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