Stavely Minerals Ltd (AU:SVY) has released an update.
Stavely Minerals Ltd has initiated a strategic shift towards confirming high-grade copper mineralisation through an aircore drilling program, temporarily postponing diamond drilling at their Junction prospect. The company also secured two government co-funded grants for exploration at their Hawkstone Nickel-Copper Project and completed a successful $3.65 million placement to fund their ongoing projects and general working capital. Amid rising copper and gold prices, Stavely is now evaluating the potential of developing an underground operation at their Cayley Lode copper-gold deposit.
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