Stavely Reports 9.3Mt at 1.23% Cu in Cayley Lode, Eyes Gold Expansion

Exploration Momentum Builds in Stavely Volcanic Belt

Stavely Minerals Limited continues to stake its claim as a modern Australian energy metals growth company, with a renewed focus on gold exploration alongside its established copper-gold-silver assets. The company’s recent update highlights significant progress across multiple fronts within its extensive 130-kilometre tenure in the Stavely Volcanic Belt, a region known for its fertile volcanic arc geology.

At the heart of Stavely’s portfolio is the Cayley Lode, a shallow, high-grade copper-gold-silver discovery first reported in 2019. The Mineral Resource Estimate (MRE) for Cayley Lode stands at 9.3 million tonnes grading 1.23% copper, 0.23 grams per tonne gold, and 7.1 grams per tonne silver. This resource remains open at depth, underscoring its potential for expansion. The total resource across Stavely’s holdings includes 28.3 million tonnes at 0.75% copper and 0.11 grams per tonne gold, containing substantial quantities of copper, gold, silver, and zinc.

Targeting Gold, Fairview Prospects and S41 Breccia

Beyond copper, Stavely is intensifying its efforts on gold discovery, particularly at the Fairview North and South prospects. These targets have historical drill results indicating promising gold grades, with recent reverse circulation drilling completed to test new structural interpretations. The Fairview North prospect, for example, has yielded intercepts such as 30 metres at 1.4 grams per tonne gold, including higher-grade zones. The Fairview South prospect, located on a major structural intersection, has also delivered encouraging drill results, including 42 metres at 1.14 grams per tonne gold from surface.

Perhaps most intriguing is the emerging S41 breccia-hosted gold prospect. Identified through Stavely’s Falcon Gravity Gradiometer survey beneath 50 metres of basalt cover, this large breccia system spans approximately 2 kilometres by 750 metres. Initial drilling has confirmed gold and silver mineralisation associated with base metals, with assays showing up to 4 metres at 2.21 grams per tonne gold. Although only one diamond drill hole has been completed to date, the prospect’s scale and style suggest multi-million ounce potential, drawing parallels to other significant breccia-hosted gold deposits in Australia.

Next Steps and Market Implications

Stavely’s strategy involves follow-up geophysical surveys, including induced polarisation programs to better delineate sulphide zones, and further drilling to expand and define these gold targets. Access negotiations for key areas such as the Junction porphyry target, adjacent to high-grade copper-silver mineralisation, remain a priority to unlock additional value.

With assay results from recent drilling pending, the market awaits confirmation of the new targets’ potential. The company’s solid resource base combined with its exploration upside positions Stavely Minerals as a compelling player in the energy metals and gold sectors, particularly as demand for low-carbon future metals intensifies globally.