SVY - Stavely Minerals

Down 25 per cent, now 13c

Thursday’s Gossan Porphyry Target – Drilling Update

Three deep diamond drill holes completed, but primary target remains untested

•  Three of the four planned 800m deep diamond drill holes at Thursday’s Gossan have been completed, with all three intersecting zinc-rich mineralisation consistent with a number of previous holes drilled below the plunge of the high-grade copper-gold-silver Cayley Lode.
• Despite four attempts (two holes and two wedges), the south-easternmost diamond drill hole, which was designed to test the high-priority deep porphyry target, could not be progressed through a major structural zone to the target depth.
• As a contingency, an alternate drill hole has been designed to test this target from an east-to-west drill direction to avoid the problematic structural zone. Drilling is expected to resume in September once rig access can be re-established following the winter rain period.
• This primary target zone has a number of prospective attributes including:

o It is underlain by a discrete magnetic feature;
o It is proximal to the intersection of north-south and north-west (Cayley Lode) structures; and
o It sits below a significant copper-in-soil auger anomaly.

Several key business development initiatives are currently being evaluated to enhance shareholder value.

Any hope for this company? Gradually nearing its all time lows on negligible turnover.

Some hope the very next day. Drilling has been brought forward.

I hate penny dreadfuls, but I make an exception for Staveley. Burnt me a few times, but I still love it. I'll wait to see if 12.5 gets taken out, I think.

Gringotts Bank said:

Some hope the very next day.

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And then...

HIGHLIGHTS
• Binding commitments received for A$3.55 million placement to institutional and sophisticated investors at A$0.09 per share
• One (1) Placement Option offered for every two (2) Placement Shares at a strike price of $0.15 and an expiry of 30 June 2024. The intention of the Company is to have the placement options listed.
• Net proceeds will be applied to exploration, resource definition drilling and working capital

Gringotts Bank said:

. Burnt me a few times, but I still love it. I'll wait to see if 12.5 gets taken out, I think.

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Now trading sub 10c

Stavely has had a bit of a lift this month, but still well off recent placement of 9c

The Ann. on 09 May had little impact (some spend, outlook undefined?)

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and then the 14 May Announcement had some speculative interest. Last point => a freebie?

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but really, SP only lifted later, in the next week ( weekend bbq chat? )

Dona Ferentes said:

but really, SP only lifted later, in the next week ( weekend bbq chat? )

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at 4.7c ...my June comp dart

BIG Targets
Stavely Project - Thursday’s Gossan Prospect
● High-Grade Cayley Lode Cu-Au-Ag discovery
● 9.3Mt at 1.23% Cu, 0.23g/t Au and 7.1g/t Ag2

Junction Lode
● 35m at 3.44% Cu and 26g/t Ag
● New structural interpretation provides discovery opportunity
Stavely Project - S41 Au-Ag Prospect
● ~2km long x 750m wide hydrothermal breccia, only 1 x diamond drill hole to date
● Carbonate – base metal – gold system e.g.: Kidston, Mt Leyshon, Kelian

Hawkstone Magmatic Ni-Cu-Co Project
● Adjacent to IGO / Buxton Merlin / Double Magic discovery – ave. 8% Ni tenor, new Dogleg discovery – emerging magmatic nickel province
● E.g. Nova & Bollinger, Jinchuan, Voisey’s Bay

Dona Ferentes said:

at 4.7c ...my June comp dart ?

BIG Targets

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luckily it wasn't a June comp entry .... now 3.7c after CR @, let's see, 3.7c

_______________________________________
HIGHLIGHTS
• Binding commitments received for A$3.65 million placement to institutional and sophisticated investors at A$0.037 per share
• One Placement Option offered for every two Placement Shares at a strike price of $0.07 and an expiry of 31 December 2025. The intention of the Company is to have the Placement Options listed.
• Net proceeds will be applied to diamond drilling at Stavely’s Junction copper project, commercial viability studies, exploration at the Hawkstone project and working capital.

1.65c to 2.4c

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We refer to your letter dated 2 January 2025 and respond as follows:
1. SVY is not aware of any information concerning SVY that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities.
2. SVY is unaware of any explanation for the recent trading, other than a general market interest in waiting for assays for recently completed drilling at SVY’s Junction copper prospect in Victoria.
3. SVY confirms it is in compliance with the Listing Rules, including Listing Rule 3.1.
4. These responses have been authorised and approved by SVY’s Executive Chairman, Mr Chris Cairns.

ASX ADDITIONAL QUERIES
Further to and in addition to the above, the Company provides responses to ASX’s additional queries, as follows:
5. Please advise whether any samples of the exploration programme that the Company is currently undertaking have been sent to the laboratory? If yes, please provide the exact date on which the samples were sent to the laboratories.
Samples for the recent Junction drilling program were sent to the ALS laboratory in Adelaide on 12 of December 2024. SVY received a ‘sample receipt advice’ by email from the laboratory on the 18th of December. The assays for these samples remain outstanding.

6. Please advise whether the Company is expecting any results from the laboratories in relation to its exploration programme and if yes, please advise when the results are expected to be provided to the Company. Please provide detailed information in relation to the timing of these results.
Assays are usually expected to be returned to SVY in 4 to 6 weeks. However, with the Christmas/ New Year period, it is not possible to provide a definitive timing on the expected receipt of these results as it depends on laboratory holiday period scheduling and the volume of samples at the laboratory from other companies, amongst other factors. The assay results will be announced on ASX as soon as possible after they have been received and collated and appropriate sections and plans have been drafted.

7. Please advise when the sampling was completed and when the samples were sent to the laboratories.
Sampling of cut drill core was completed on the 11 December 2024, with the samples sent to the laboratory on 12 December 2024, and the laboratory receiving those samples on 18 December 2024.

8. Please advise what arrangements (if any) the Company has in place to maintain confidentiality of its assay results? Please provide detailed information.
SVY has confidentiality protocols in place with the laboratory, and access to the laboratory’s secure sample website can only be externally accessed by SVY’s Technical Director. In this instance and in relation to the pending assay results, this service has not been accessed by SVY personnel. This means that even if there were preliminary assay results available, none of the Stavely Minerals personnel are aware of those results. Once SVY receives the final certified assay results from the laboratory, these results are stored on a secure SVY server with limited access for SVY personnel (including SVY’s external database manager), to ensure all data, including assay results, remain confidential.

It certainly would appear that somebody knows something about SVY that is not open knowledge, although it is only just over a big one of an investment in $terms.

gg

Garpal Gumnut said:

It certainly would appear that somebody knows something about SVY that is not open knowledge, although it is only just over a big one of an investment in $terms.

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and no real retreat in the new year