Stavely Minerals Limited (ASX:SVY) is a mineral exploration company targeting high-grade structurally controlled copper-gold mineralisation as well as porphyry mineralisation at the Stavely Project, in western Victoria. The Company’s assets comprising the Stavely, Yarram Park and Ararat Projects are located in western Victoria, Australia. The Stavely and Ararat Projects are located approximately 200 kilometres west of Melbourne and are respectively just west of the regional centre of Ararat and just east of the regional town of Glenthompson in Victoria. In September 2019, Stavely Minerals made a copper-gold-silver discovery at the Cayley Lode at the Thursday’s Gossan prospect with grades of up to 40% copper within a 32m wide high-grade zone. In June 2022, the Company announced an initial Mineral Resource Estimate (MRE) for the Cayley Lode Mineralisation and an updated MRE for the Thursday’s Gossan Chalcocite- Enriched Blanket.