Plus, Canterbury holds its breath ahead of Queensland copper assays and Strandline’s big WA mineral sands project on track to secure funding from the Government’s Northern Australia Infrastructure Facility
The Stavely Project is located in western Victoria on the Stavely tablelands, 250km west of Melbourne. The company is targeting a Cadia-style gold-copper porphyry and Lake Cowal-style gold mineralisation at the project.
Stavely Minerals (ASX:SVY) has added a stunning second leg to its big-time copper hunt in the shadows of the Grampian Ranges in western Victoria, with the first hole in a new shallow-focussed drilling program assaying up to 40% copper.
Chatter about the re-emergence of a mining boom is all a bit premature. What is more certain is that exploration expenditure and activity is on the rise in response to the broad advance in most commodities and evidence of cohesive global economic growth.