Stavely Minerals Raises A$4 Million to Fund Key Scoping Study and Exploration

Oversubscribed Placement Signals Investor Confidence

Stavely Minerals (ASX:SVY) has secured binding commitments to raise A$4 million through a two-tranche placement priced at 1.15 cents per share, reflecting strong support from sophisticated and institutional investors. The placement, which was heavily oversubscribed, includes participation from major shareholders, highlighting confidence in the company’s strategy and the value potential of its Thursday’s Gossan Scoping Study currently underway.

The raise will occur in two parts: approximately A$1.97 million in Tranche 1 using existing placement capacity, with settlement expected on 20 April 2026, and a further A$2.03 million in Tranche 2, subject to shareholder approval at a meeting planned for late May or early June. Director participation totals $460,000 in Tranche 2, reduced from an initially intended $500,000 following strong demand that forced cutbacks for other investors.

Funding Focused on Scoping Study and Exploration

The proceeds will fund the finalisation of the Thursday’s Gossan Scoping Study, preliminary pre-feasibility work, and exploration targeting, including drilling programs. Executive Chairman Chris Cairns emphasised that the study, expected before mid-year, aims to demonstrate a financially robust copper-gold-silver development opportunity. He noted the importance of releasing the study while the company maintains a strong cash position to maximise impact.

In addition to the study, Stavely plans to provide detailed updates on priority exploration targets ahead of field programs, leveraging recent discoveries such as the Freddy’s Find gold deposit, which lies concealed under 50 metres of basalt cover. This discovery underscores the potential of the more than 130 kilometres of prospective volcanic arc under Stavely’s control.

Discounted Pricing Reflects Market Conditions

The issue price of 1.15 cents per share represents a 17.8% discount to the last traded price of 1.4 cents and a 21.6% discount to the 15-day volume weighted average price. This pricing approach is typical for placements seeking quick capital injection while balancing shareholder dilution.

The capital raise follows a series of resource upgrades and positive study progress, including a recent correction to the 2026 Mineral Resource Estimate that confirmed strong copper and gold growth at the project. These developments have bolstered the company’s outlook and underpinned investor interest in the placement.

This raise and the upcoming study are pivotal as Stavely advances its vision of developing a significant copper-gold-silver operation in Western Victoria, with the Scoping Study expected to set the stage for more detailed feasibility work and exploration campaigns.