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Stavely Minerals Limited (ASX:SVY)

ALERT: Price-sensitive ASX Announcement for SVY
Current share price for SVY : $0.016 0.004 (33.33%)+
Announcement
Release
29 Apr 2026 12:16PM
Price at Release
$0.012
Full Release
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Summary
The quarterly activities report for March 2026 from Stavely Minerals Limited details significant progress in their mineral resource estimates. The company reports a major increase in their Mineral Resource Estimate to 60 million tonnes at 0.58% Copper Equivalent, setting a robust foundation for further scoping studies. Various mineral resources such as the Cayley Lodes and Chalcocite Blanket are highlighted for their enriched copper, gold, and silver contents. Throughout the quarter, no exploration activities were carried out on the Black Range JV, Ararat, and Hawkstone projects. The company has also secured a $500,000 director loan facility to support its operations. The report notes that Stavely Minerals maintains a diversified tenement portfolio across Victoria and Western Australia, with a focus on updating the Scoping Study of the Thursday’s Gossan and Cayley Lode Copper Deposits.
Key Points
  • Significant increase in Mineral Resource Estimate to 60Mt at 0.58% CuEq
  • Focus on Thursday’s Gossan and Cayley Lode deposits for scoping study
  • Secured $500,000 director loan facility
  • No exploration activities on Black Range JV, Ararat, and Hawkstone projects
  • Diversified tenement portfolio in Victoria and Western Australia
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.