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Stavely Minerals Ltd ( (AU:SVY) ) has provided an announcement.
Stavely Minerals has released an updated mineral resource estimate for its Stavely Copper-Gold Project in Western Victoria, reporting 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 has also clarified that earlier aspirational statements should not be taken as implying any production target ahead of the formal 2026 Scoping Study.
Compared with the 2022 estimate, project tonnage has more than doubled and contained copper, gold and silver have risen by 31%, 67% and 69% respectively, largely due to higher metals prices bringing previously low-grade material into the resource. The enlarged resource will underpin a Scoping Study, due before mid‑2026, with open-pit optimisation suggesting 34Mt at 0.74% copper equivalent at a notional strip ratio of about 2.5:1, positioning the project as a potentially more robust development opportunity.
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 Australian mineral exploration and development company focused on copper, gold and silver resources in Western Victoria. The company is advancing the Stavely Copper-Gold Project, targeting open-pit and potential underground operations to supply growing demand for these metals in global markets.
Average Trading Volume: 1,348,386
Technical Sentiment Signal: Hold
Current Market Cap: A$10.27M
For an in-depth examination of SVY stock, go to TipRanks’ Overview page.