Stavely Minerals doubles Stavely copper-gold resource ahead of 2026 scoping study

Stavely Minerals Ltd ( (AU:SVY) ) has provided an announcement.

Stavely Minerals has reported a major increase in the total Mineral Resource Estimate for its Stavely Copper-Gold Project, lifting resources to 60Mt at 0.58% copper equivalent, containing 280,000 tonnes of copper, 170,000 ounces of gold and 5.4 million ounces of silver. The company says higher metals prices have allowed large volumes of previously unclassified low-grade mineralisation to be brought into the resource, significantly boosting tonnage and contained metal versus the 2022 estimate.

Using a consensus metals price open-pit optimisation, Stavely has outlined 34Mt at 0.74% copper equivalent with most metal in the higher-confidence Indicated category, supporting a potential 3Mtpa operation producing about 20,000 tonnes per year of copper-equivalent in concentrate over more than 10 years. Management says the enlarged resource underpins a Scoping Study due before mid-2026, which is expected to provide clearer project value metrics and strengthen the company’s development case for investors.

The most recent analyst rating on (AU:SVY) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Stavely Minerals Ltd stock, see the AU:SVY Stock Forecast page.

More about Stavely Minerals Ltd

Stavely Minerals Ltd is an ASX-listed mineral exploration and development company focused on the Stavely Copper-Gold Project in western Victoria. The company is advancing the Thursday’s Gossan prospect and associated deposits, targeting long-life production of copper, gold and silver concentrates in response to strengthening global metals demand.

Average Trading Volume: 1,395,085

Technical Sentiment Signal: Hold

Current Market Cap: A$10.27M

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