Stavely Minerals boosts Stavely copper-gold resource and secures funding for 2026 push

Stavely Minerals Ltd ( (AU:SVY) ) just unveiled an update.

Stavely Minerals has delivered a major update to the Mineral Resource Estimate at its Stavely Copper-Gold Project in western Victoria, reporting 60Mt at 0.58% CuEq and significant increases in contained copper, gold and silver compared with the 2022 estimate. The company says higher metals prices have driven much of the growth, and the upgraded resource underpins an updated scoping study for potential copper-gold-silver production from the Thursday’s Gossan prospect, supported by open-pit optimisation that indicates a 3Mtpa processing scenario is viable.

Reconnaissance drilling at the Freddy’s Find gold prospect has confirmed a broad epithermal gold-silver system, with multiple mineralised intervals over substantial widths suggesting potential for a significant discovery. On the corporate side, the explorer ended the quarter with limited cash but has since secured binding commitments for a heavily oversubscribed A$4 million placement and a shareholder loan facility, funding an extensive 2026 work program including completion of the scoping study, preliminary pre-feasibility work and further exploration.

More about Stavely Minerals Ltd

Stavely Minerals Ltd is an Australian mineral exploration company focused on copper, gold and silver projects, primarily at its Stavely Copper-Gold Project in western Victoria. The company targets large-scale, economically viable mineral resources and is advancing its key prospects through resource estimation, scoping studies and early-stage drilling to position itself within the regional copper-gold exploration sector.

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