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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. The Company was admitted to the Official List of the ASX on 6 May 2014.

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.

Stavely Minerals’ assets, the Stavely, Yarram Park and Ararat Projects, are located in western Victoria  in Australia.


In September 2019, Stavely Minerals discovered high-grade, copper-gold-silver mineralisation, the Cayley Lode, at the Thursday’s Gossan prospect in the Stavely Project.

 

In June 2022, the Company announced an initial Mineral Resource Estimate for the Cayley Lode Mineralisation.

 

Initial Mineral Resource Estimate (MRE) for the Cayley Lode deposit (open pit constrained) of:

  • 9.3Mt at 1.2% Cu, 0.2g/t Au and 7.1g/t Ag

    • Indicated Resources 5.87Mt at 1.04% Cu, 0.23g/t Au and 7.0g/t Ag

    • Inferred Resources 3.4Mt at 1.6% Cu, 0.2g/t Au and 8g/t Ag

 

Updated MRE completed for the Chalcocite-enriched blanket (open pit constrained) of:

  • 18.0Mt at 0.4% Cu, 0.04g/t Au and 1.6g/t Ag,

    • Indicated Resources 15.3Mt at 0.42% Cu, 0.04g/t Au and 1.6g/t Ag

    • Inferred Resources 2.7Mt at 0.4% Cu, 0.02g/t Au and 1g/t Ag

 

The Ararat Project hosts Besshi-style VMS copper-gold-zinc mineralisation at the Carroll’s (previously known as Mt Ararat). The updated MRE for the Carroll’s VMS deposit (open pit constrained) of:

  • 1.0Mt at 2.2% Cu, 0.4g/t Au, 5.6g/t Ag and 0.2% Zn

    • Indicated Resources 0.26Mt at 2.0% Cu, 0.50g/t Au, 5.3g/t Ag and 0.3% Zn

    • Inferred Resources 0.75Mt at 2.3% Cu, 0.38g/t Au, 5.7g/t Ag and 0.2% Zn

 

Combined total Thursday’s Gossan and Carroll’s MRE’s (open pit constrained) of:

  • 28.3Mt at 0.75% Cu, 0.11g/t Au and 3.5g/t Ag

    • Indicated Resources 21.5Mt at 0.61% Cu, 0.10g/t Au and 3.1g/t Ag

    • Inferred Resources 6.8Mt at 1.2% Cu, 0.1g/t Au and 4.7g/t Ag

  • Containing 210,000t (463Mlbs) of Cu, 100,000oz Au, 3.2Moz Ag and 2,400kt Zn

 

Stavely Minerals is planning to conduct further diamond drilling to evaluate the underground potential at the Cayley Lode and to extend the Carroll's VMS mineralisation at depth.

The Company is also targeting additional high-grade structurally controlled mineralisation as well as a copper-gold porphyry at depth at the Thursday’s Gossan prospect in the Stavely Project. The Stavely and Yarram Park Projects are located in the Stavely Volcanic Belt and are highly prospective for copper- gold porphyries.

Latest News

Standout Initial Mineral Resource Estimate for the Cayley Lode – 9.3Mt at 1.2% Cu, 0.2g/t Au and 7.1g/t Ag

Cayley Lode Indicated Resources 5.87Mt at 1.04% Cu, 0.23g/t Au and 7.0g/t Ag Cayley Lode Inferred Resources 3.4Mt at 1.6% Cu, 0.2g/t Au and 8g/t Ag

Another Outstanding High-Grade Copper-Gold Intercept at Cayley Lode

Exceptional high-grade zones grading up to 7.17% copper, 30.6g/t gold and 52g/t silver in deepest intercepts on the Cayley Lode to date; initial Mineral Resource due this quarter

  • Binding commitments received for A$4 million placement (Placement) at A$0.15 per share (Offer Price)

  • Launch of share purchase plan (SPP) to raise up to A$1.5 million, at the same price as the Placement

  • Net proceeds will be applied to exploration, resource definition drilling and working capital

Successful A$4 Million Institutional Placement And Launch of A$1.5 Million SPP