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An announcement from Stavely Minerals Ltd ( (AU:SVY) ) is now available.
Stavely Minerals has restarted and upgraded its economic assessment of the Cayley Lode deposit at the Stavely Project, updating its earlier 2022 Scoping Study to reflect substantially higher copper, gold and silver prices, a weaker Australian dollar and revised capital and operating cost benchmarks, which now point to strongly positive financial outcomes. The new 2026 Scoping Study will incorporate an updated mineral resource estimate, further metallurgical testwork to improve recoveries, pit and underground mine re-optimisation and evaluation of a smaller high-grade underground-only development option, signaling a potential shift towards more commercially robust development scenarios. In parallel, the company has reported encouraging exploration results across several gold prospects: Phase 2 drilling at Fairview North has extended shallow gold mineralisation over more than 300 metres and remains open along strike and at depth, soil auger work at Fairview South has identified a possible second parallel gold zone, and reconnaissance drilling at Freddy’s Find has intersected broad zones of altered, sulphide-rich breccia with multiple significant epithermal gold-silver intervals, collectively enhancing the project pipeline and exploration upside for shareholders.
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 company focused on copper, gold and silver projects, primarily at its Stavely Project in western Victoria. The company targets high-grade lode and epithermal-style deposits and is progressing studies aimed at assessing the development potential of these assets amid a supportive metal price environment.
Average Trading Volume: 1,247,966
Technical Sentiment Signal: Hold
Current Market Cap: A$12.33M
Find detailed analytics on SVY stock on TipRanks’ Stock Analysis page.