On 30 October 2018, Stavely Minerals Limited was formally notified that the Minister for Resources, Tim Pallas, has accepted the Company’s tender in relation to Block 3 (now EL006870) of the Stavely Mineral Exploration Tender. Stavely Minerals applied for EL006870 on 1 November 2018.
Second Tranche Placement Completion and Cleansing Statement
Stavely Minerals Limited (‘Stavely Minerals’, ASX Code: SVY) is pleased to advise that settlement of the second tranche of the share placement (Placement) announced on 24 July 2020 has been completed. The Company has issued 13,666,667 ordinary fully paid shares at a subscription price of 60 cents each raising $8.2 million before costs
Cayley Lode Continues to Deliver Outstanding Grades
Second Parallel Lode Emerging at Shallow Depth as Cayley Lode Continues to Deliver Outstanding Grades - Significant new intercept of 18m at 1.11% Cu from 36m within broad 299.7m interval in interpreted Copper Lode Splay; Plus, 15m at 3.59% Cu and 2.37g/t Au in Cayley Lode