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.
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.
The two flagship projects, Ararat and Stavely, host Inferred Mineral Resources that contain over 130Kt of copper and over 19,000 ounces of gold plus accessory zinc and silver. Stavely Minerals is targeting a Cadia-type gold-copper porphyry (Stavely Project), and a Degrussa-style VMS (volcanogenic massive sulphide) deposit (Ararat Project). There are also indications of Stawell-style gold mineralisation at the Ararat Project.
The Company also has a highly prospective gold-copper exploration project in North Queensland. The Ravenswood Project is located near the historical Ravenswood mining centre, which has +4Moz of combined historical and modern gold production. The Ravenswood Project 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.
Plans and Latest Developments
Stavely Minerals’ flagship Stavely Project hosts several porphyry copper-gold porphyry discovery opportunities. The most advanced of these is the Thursday’s Gossan prospect where recent drilling has intercepted broad widths of copper-gold mineralisation including a recently released 63m at 0.84% copper and 0.11g/t gold including a high-grade interval of 6m at 6.73% copper, 0.91 g/t gold and 14.6 g/t silver. Drilling is progressing towards the potassic core of the system where higher grades are expected.
Why should investors invest in you?
There is excellent potential to be involved at an early stage in the discovery of a significant copper-gold porphyry in a low sovereign risk destination with well-established infrastructure and a skilled workforce. If successful, there is significant potential for the company to be re-rated from it’s current modest ~$31m market capitalisation. The Company operates with very low overheads and gets the expenditure into the ground giving investors great ‘bang for the buck’.
Country of Operation
Copper | Gold
Board of Directors
- Chris Cairns – Executive Chairman
- Jennifer Murphy – Technical Director
- Peter Ironside – Non Executive Director
- William (Bill) Plyley – Non Executive Director
- Amanda Sparks – Non Executive Director & Company Secretary
Stavely Minerals (ASX: SVY) will be showcasing their latest mining projects to prospective investors at the International Mining and Resources Conference. Register your complimentary investor pass now.