Stavely Minerals’s namesake copper-gold-silver mine in Cayley Lode, Australia, yielded inferred mineralization of 28mn mt rated at 0.4pc copper, according to the Thursday Gossan report.
Other drills inferred 1.11pc and 3.59pc copper ore mineral resources.
Stavely raised $20.6mn in late July for further exploration and an initial economic feasibility study. The miner will resume drilling in February and March 2021.