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An announcement from Stavely Minerals Ltd ( (AU:SVY) ) is now available.
Stavely Minerals Ltd has conducted recent diamond drilling at the Junction Copper-Silver Prospect in western Victoria, confirming a similar style of mineralisation seen in previous aircore drilling, though not yielding high-grade results due to suboptimal drilling angles. The company is pursuing further drilling opportunities and preparing for an Induced Polarisation survey at its S41 breccia-hosted gold target. Additionally, an emerging geophysical anomaly at the Hawkstone Project in Western Australia indicates the potential for a magmatic nickel-copper-cobalt sulphide deposit. Stavely Minerals secured additional funding for exploration and completed a $1.5 million placement to support its ongoing projects.
More about Stavely Minerals Ltd
Stavely Minerals Ltd is a company operating in the mining industry, primarily focused on exploring and developing copper, gold, and silver deposits. The company is actively engaged in projects located in western Victoria and western Kimberley, Western Australia, with a strong emphasis on finding and developing significant mineral resources.
YTD Price Performance: -10.0%
Average Trading Volume: 1,100,258
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$9.79M
See more insights into SVY stock on TipRanks’ Stock Analysis page.
