SVY: Alternative Development Scenarios for Thursday's Gossan
Original announcement by asx on
- Company
- Stavely Minerals Limited
- Ticker
- SVY
- Exchange
- ASX
- Region
- Western Victoria
- Primary commodity
- Copper
- Secondary commodities
- Gold, Silver
- Document categories
- Other, Resource update
- Extracted
- 2026-10-12 23:22:29 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Stavely Minerals is initiating studies to evaluate alternative development scenarios for its Thursday's Gossan copper-gold-silver deposit, including small-footprint underground, hybrid open pit/underground, and heap leaching options. This strategic move aims to optimize the project's development pathway, reduce capital expenditure, and potentially simplify permitting, following a Scoping Study that indicated a high CAPEX for the previously considered large-scale open pit. The company seeks to provide comparative information on these options to assess capital efficiency, processing rates, and revenue, ultimately aiming to maximise shareholder value.
Reasoning: Stavely Minerals is investigating alternative development scenarios for its Thursday's Gossan copper-gold-silver deposit to optimize the development pathway, reduce capital expenditure, and potentially improve permitting and community support, following a Scoping Study that highlighted a large CAPEX for the initial large-scale open pit option. This strategic re-evaluation is a positive step towards de-risking the project, despite potentially lower NPVs for the alternatives.
Positive factors
- Company is actively exploring options to optimize project economics and reduce capital intensity
- Potential for simpler permitting pathway and increased community support with alternative scenarios
- Focus on maximizing shareholder value from a high-quality asset
Negative factors
- Implies the initial large-scale open pit scenario had a high capital expenditure that might be challenging to fund
- Alternative development options are likely to have lower NPVs compared to the initial large-scale open pit
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 56
Classification and evidence
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document provides updated Mineral Resource Estimates for Thursday's Gossan in tables 1, 2, and 3.
Evidence · text
“Table 1. Thursday’s Gossan Total Mineral Resources Estimate (includes the Cayley Lodes, Chalcocite Blanket, Low-grade domains and Cayley UG).”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The report states that Mr Chris Cairns, a Fellow of the Australian Institute of Geoscientists and a Fellow of the Australasian Institute of Mining and Metallurgy, is a Competent Person and consents to the inclusion of the information.
Evidence · text
“The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Chris Cairns, a Competent Person who is a Fellow of the Australian Institute of Geoscientists and a Fellow of the Australasian Institute of Mining and Metallurgy.”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The Competent Person is defined as per the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (JORC Code).
Evidence · text
“qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’.”
Metal Equivalent Opaquenegative · Story-specific tag
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.
Why it applies: The metal equivalent calculations are provided with recovery assumptions, but specific price assumptions are not explicitly stated in the main body or footnotes for the CuEq formula.
Evidence · text
“The CuEq equations are Cu + (Au x 0.482) + (Ag x 0.015) for the material in the transitional zone and/or chalcocite blanket; and Cu + (Au x 0.872) + (Ag x 0.014) for primary mineralisation. The CuEq calculations assume 83%, 32% and 77% recoveries in the transition/chalcocite material for Cu, Au and Ag respectively and 86%, 60% and 73% recovery in the primary material for Cu, Au and Ag respectively.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: Cut-off grades for both open pit and underground material are clearly stated in the footnotes of the resource tables.
Evidence · text
“Reported at copper equivalent (CuEq) cut-off grades of 0.2% for open pit material and 0.7% for underground material.”
Extracted facts
Stored fact records: 49. Some facts used in scoring do not have a stored record.
Resource Estimates (49)
indicatedStavely Copper-Gold Project · copperTonnes: 32000000Grade: 0.49Grade Unit: %Contained Metal: 150Contained Unit: ktView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- copper
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:d32c2d44fc95217bd17a
- Deposit or zone
- In-Pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 32000000
- Grade
- 0.49
- Grade Unit
- %
- Contained Metal
- 150
- Contained Unit
- kt
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Metal Eq. Grade
- 0.62
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The indicated resource of 32 Mt at 0.49% copper (0.62% CuEq) in the in-pit area represents a substantial and well-defined portion of the overall resource, providing a strong basis for economic studies.
Positive factors
- Significant indicated tonnage provides a solid foundation for project development
- Resource is 100% owned by the company
Evidence · table
“0.49”
Context: 32
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedStavely Copper-Gold Project · goldTonnes: 32000000Grade: 0.1Grade Unit: g/tContained Metal: 102Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:d32c2d44fc95217bd17a
- Deposit or zone
- In-Pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 32000000
- Grade
- 0.1
- Grade Unit
- g/t
- Contained Metal
- 102
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The indicated resource of 32 Mt at 0.10 g/t gold in the in-pit area provides a valuable gold credit, enhancing the overall economic potential of the project.
Positive factors
- Gold contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Evidence · table
“0.10”
Context: 32
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedStavely Copper-Gold Project · silverTonnes: 32000000Grade: 3.3Grade Unit: g/tContained Metal: 3400Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- silver
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:d32c2d44fc95217bd17a
- Deposit or zone
- In-Pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 32000000
- Grade
- 3.3
- Grade Unit
- g/t
- Contained Metal
- 3400
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The indicated resource of 32 Mt at 3.3 g/t silver in the in-pit area provides a valuable silver credit, further enhancing the overall economic potential of the project.
Positive factors
- Silver contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Evidence · table
“3.3”
Context: 32
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredStavely Copper-Gold Project · copperTonnes: 27000000Grade: 0.31Grade Unit: %Contained Metal: 83Contained Unit: ktView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- copper
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:3ef144add978f009cb97
- Deposit or zone
- In-Pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 27000000
- Grade
- 0.31
- Grade Unit
- %
- Contained Metal
- 83
- Contained Unit
- kt
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Metal Eq. Grade
- 0.38
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The inferred resource of 27 Mt at 0.31% copper (0.38% CuEq) in the in-pit area contributes to the overall resource base, but its lower confidence category means further drilling is required to upgrade it.
Positive factors
- Significant inferred tonnage adds to the overall resource potential
- Resource is 100% owned by the company
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone
Evidence · table
“0.31”
Context: 27
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredStavely Copper-Gold Project · goldTonnes: 27000000Grade: 0.05Grade Unit: g/tContained Metal: 42Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:3ef144add978f009cb97
- Deposit or zone
- In-Pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 27000000
- Grade
- 0.05
- Grade Unit
- g/t
- Contained Metal
- 42
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The inferred resource of 27 Mt at 0.05 g/t gold in the in-pit area adds to the overall gold endowment, but its lower confidence category requires further work for upgrade.
Positive factors
- Gold contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone
Evidence · table
“0.05”
Context: 27
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredStavely Copper-Gold Project · silverTonnes: 27000000Grade: 1.9Grade Unit: g/tContained Metal: 1600Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- silver
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:3ef144add978f009cb97
- Deposit or zone
- In-Pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 27000000
- Grade
- 1.9
- Grade Unit
- g/t
- Contained Metal
- 1600
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The inferred resource of 27 Mt at 1.9 g/t silver in the in-pit area adds to the overall silver endowment, but its lower confidence category requires further work for upgrade.
Positive factors
- Silver contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone
Evidence · table
“1.9”
Context: 27
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredStavely Copper-Gold Project · copperTonnes: 1600000Grade: 1.3Grade Unit: %Contained Metal: 21Contained Unit: ktView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- copper
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:f7cd3f76dd9c27dc5a4e
- Deposit or zone
- Underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1600000
- Grade
- 1.3
- Grade Unit
- %
- Contained Metal
- 21
- Contained Unit
- kt
- Cutoff Grade
- 0.7
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Metal Eq. Grade
- 1.6
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The inferred underground resource of 1.6 Mt at 1.3% copper (1.6% CuEq) represents a high-grade component that could be targeted in alternative development scenarios, but requires further drilling to improve confidence.
Positive factors
- High-grade underground resource provides potential for selective mining
- Resource is 100% owned by the company
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone
Evidence · table
“1.3”
Context: 1.6
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredStavely Copper-Gold Project · goldTonnes: 1600000Grade: 0.2Grade Unit: g/tContained Metal: 10Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:f7cd3f76dd9c27dc5a4e
- Deposit or zone
- Underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1600000
- Grade
- 0.2
- Grade Unit
- g/t
- Contained Metal
- 10
- Contained Unit
- koz
- Cutoff Grade
- 0.7
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The inferred underground resource of 1.6 Mt at 0.20 g/t gold provides a gold credit, but its lower confidence category requires further work for upgrade.
Positive factors
- Gold contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone
Evidence · table
“0.20”
Context: 1.6
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredStavely Copper-Gold Project · silverTonnes: 1600000Grade: 4.6Grade Unit: g/tContained Metal: 230Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- silver
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:f7cd3f76dd9c27dc5a4e
- Deposit or zone
- Underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1600000
- Grade
- 4.6
- Grade Unit
- g/t
- Contained Metal
- 230
- Contained Unit
- koz
- Cutoff Grade
- 0.7
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The inferred underground resource of 1.6 Mt at 4.6 g/t silver provides a silver credit, but its lower confidence category requires further work for upgrade.
Positive factors
- Silver contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone
Evidence · table
“4.6”
Context: 1.6
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedStavely Copper-Gold Project · copperTonnes: 32000000Grade: 0.49Grade Unit: %Contained Metal: 150Contained Unit: ktView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- copper
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:a92fbb8cad38323a6b16
- Deposit or zone
- Total
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 32000000
- Grade
- 0.49
- Grade Unit
- %
- Contained Metal
- 150
- Contained Unit
- kt
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Metal Eq. Grade
- 0.62
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The total indicated resource of 32 Mt at 0.49% copper (0.62% CuEq) represents a substantial and well-defined portion of the overall resource, providing a strong basis for economic studies.
Positive factors
- Significant indicated tonnage provides a solid foundation for project development
- Resource is 100% owned by the company
Evidence · table
“0.49”
Context: 32
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedStavely Copper-Gold Project · goldTonnes: 32000000Grade: 0.1Grade Unit: g/tContained Metal: 102Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:a92fbb8cad38323a6b16
- Deposit or zone
- Total
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 32000000
- Grade
- 0.1
- Grade Unit
- g/t
- Contained Metal
- 102
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The total indicated resource of 32 Mt at 0.10 g/t gold provides a valuable gold credit, enhancing the overall economic potential of the project.
Positive factors
- Gold contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Evidence · table
“0.10”
Context: 32
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedStavely Copper-Gold Project · silverTonnes: 32000000Grade: 3.3Grade Unit: g/tContained Metal: 3400Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- silver
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:a92fbb8cad38323a6b16
- Deposit or zone
- Total
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 32000000
- Grade
- 3.3
- Grade Unit
- g/t
- Contained Metal
- 3400
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The total indicated resource of 32 Mt at 3.3 g/t silver provides a valuable silver credit, further enhancing the overall economic potential of the project.
Positive factors
- Silver contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Evidence · table
“3.3”
Context: 32
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredStavely Copper-Gold Project · copperTonnes: 28000000Grade: 0.37Grade Unit: %Contained Metal: 100Contained Unit: ktView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- copper
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:36e0f4f8845fa171e038
- Deposit or zone
- Total
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 28000000
- Grade
- 0.37
- Grade Unit
- %
- Contained Metal
- 100
- Contained Unit
- kt
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Metal Eq. Grade
- 0.45
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The total inferred resource of 28 Mt at 0.37% copper (0.45% CuEq) contributes to the overall resource base, but its lower confidence category means further drilling is required to upgrade it.
Positive factors
- Significant inferred tonnage adds to the overall resource potential
- Resource is 100% owned by the company
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone
Evidence · table
“0.37”
Context: 28
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredStavely Copper-Gold Project · goldTonnes: 28000000Grade: 0.06Grade Unit: g/tContained Metal: 52Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:36e0f4f8845fa171e038
- Deposit or zone
- Total
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 28000000
- Grade
- 0.06
- Grade Unit
- g/t
- Contained Metal
- 52
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The total inferred resource of 28 Mt at 0.06 g/t gold adds to the overall gold endowment, but its lower confidence category requires further work for upgrade.
Positive factors
- Gold contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone
Evidence · table
“0.06”
Context: 28
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredStavely Copper-Gold Project · silverTonnes: 28000000Grade: 2Grade Unit: g/tContained Metal: 1900Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- silver
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:36e0f4f8845fa171e038
- Deposit or zone
- Total
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 28000000
- Grade
- 2
- Grade Unit
- g/t
- Contained Metal
- 1900
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The total inferred resource of 28 Mt at 2.0 g/t silver adds to the overall silver endowment, but its lower confidence category requires further work for upgrade.
Positive factors
- Silver contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone
Evidence · table
“2.0”
Context: 28
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedStavely Copper-Gold Project · copperTonnes: 32000000Grade: 0.43Grade Unit: %Contained Metal: 250Contained Unit: ktView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- copper
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:210055da21aff00e1810
- Deposit or zone
- Total Thursday's Gossan
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 32000000
- Grade
- 0.43
- Grade Unit
- %
- Contained Metal
- 250
- Contained Unit
- kt
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Metal Eq. Grade
- 0.53
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The total resource for Thursday's Gossan of 59 Mt at 0.43% copper (0.53% CuEq) represents a substantial and valuable asset, forming the basis for all development scenario evaluations.
Positive factors
- Large total resource provides significant scale for potential development
- Resource is 100% owned by the company
Evidence · table
“0.43”
Context: 59
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedStavely Copper-Gold Project · goldTonnes: 32000000Grade: 0.08Grade Unit: g/tContained Metal: 154Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:210055da21aff00e1810
- Deposit or zone
- Total Thursday's Gossan
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 32000000
- Grade
- 0.08
- Grade Unit
- g/t
- Contained Metal
- 154
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The total resource for Thursday's Gossan includes 59 Mt at 0.08 g/t gold, providing a valuable gold credit that enhances the overall economic potential of the project.
Positive factors
- Gold contributes significantly to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Evidence · table
“0.08”
Context: 59
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedStavely Copper-Gold Project · silverTonnes: 32000000Grade: 2.7Grade Unit: g/tContained Metal: 5200Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- silver
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:210055da21aff00e1810
- Deposit or zone
- Total Thursday's Gossan
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 32000000
- Grade
- 2.7
- Grade Unit
- g/t
- Contained Metal
- 5200
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The total resource for Thursday's Gossan includes 59 Mt at 2.7 g/t silver, providing a valuable silver credit that further enhances the overall economic potential of the project.
Positive factors
- Silver contributes significantly to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Evidence · table
“2.7”
Context: 59
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedStavely Copper-Gold Project · copperTonnes: 6100000Grade: 1.2Grade Unit: %Contained Metal: 74Contained Unit: ktView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- copper
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:5790c2e0f0d551356391
- Deposit or zone
- Primary Mineralisation (OP) Cayley Lodes
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 6100000
- Grade
- 1.2
- Grade Unit
- %
- Contained Metal
- 74
- Contained Unit
- kt
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Metal Eq. Grade
- 1.6
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The indicated resource of 6.1 Mt at 1.2% copper (1.6% CuEq) in the Cayley Lodes' primary open pit mineralisation represents a high-grade component, supporting potential open pit development scenarios.
Positive factors
- High-grade indicated resource in the Cayley Lodes provides a strong foundation for open pit development
- Resource is 100% owned by the company
Evidence · table
“1.2”
Context: 6.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedStavely Copper-Gold Project · goldTonnes: 6100000Grade: 0.3Grade Unit: g/tContained Metal: 59Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:5790c2e0f0d551356391
- Deposit or zone
- Primary Mineralisation (OP) Cayley Lodes
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 6100000
- Grade
- 0.3
- Grade Unit
- g/t
- Contained Metal
- 59
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The indicated resource of 6.1 Mt at 0.30 g/t gold in the Cayley Lodes' primary open pit mineralisation provides a valuable gold credit, enhancing the overall economic potential.
Positive factors
- Gold contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Evidence · table
“0.30”
Context: 6.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedStavely Copper-Gold Project · silverTonnes: 6100000Grade: 9.6Grade Unit: g/tContained Metal: 1900Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- silver
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:5790c2e0f0d551356391
- Deposit or zone
- Primary Mineralisation (OP) Cayley Lodes
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 6100000
- Grade
- 9.6
- Grade Unit
- g/t
- Contained Metal
- 1900
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The indicated resource of 6.1 Mt at 9.6 g/t silver in the Cayley Lodes' primary open pit mineralisation provides a valuable silver credit, further enhancing the overall economic potential.
Positive factors
- Silver contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Evidence · table
“9.6”
Context: 6.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredStavely Copper-Gold Project · copperTonnes: 1500000Grade: 1.4Grade Unit: %Contained Metal: 20Contained Unit: ktView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- copper
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:579558c331ede8bc43ae
- Deposit or zone
- Primary Mineralisation (OP) Cayley Lodes
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1500000
- Grade
- 1.4
- Grade Unit
- %
- Contained Metal
- 20
- Contained Unit
- kt
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The inferred resource of 1.5 Mt at 1.4% copper (1.7% CuEq) in the Cayley Lodes' primary open pit mineralisation contributes to the high-grade potential, but requires further drilling for upgrade.
Positive factors
- High-grade inferred resource adds to the overall potential of the Cayley Lodes
- Resource is 100% owned by the company
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone
Evidence · table
“1.4”
Context: 1.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredStavely Copper-Gold Project · goldTonnes: 1500000Grade: 0.25Grade Unit: g/tContained Metal: 12Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:579558c331ede8bc43ae
- Deposit or zone
- Primary Mineralisation (OP) Cayley Lodes
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1500000
- Grade
- 0.25
- Grade Unit
- g/t
- Contained Metal
- 12
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The inferred resource of 1.5 Mt at 0.25 g/t gold in the Cayley Lodes' primary open pit mineralisation provides a gold credit, but requires further work for upgrade.
Positive factors
- Gold contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone
Evidence · table
“0.25”
Context: 1.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredStavely Copper-Gold Project · silverTonnes: 1500000Grade: 8.3Grade Unit: g/tContained Metal: 390Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- silver
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:579558c331ede8bc43ae
- Deposit or zone
- Primary Mineralisation (OP) Cayley Lodes
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1500000
- Grade
- 8.3
- Grade Unit
- g/t
- Contained Metal
- 390
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The inferred resource of 1.5 Mt at 8.3 g/t silver in the Cayley Lodes' primary open pit mineralisation provides a silver credit, but requires further work for upgrade.
Positive factors
- Silver contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone
Evidence · table
“8.3”
Context: 1.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedStavely Copper-Gold Project · copperTonnes: 7500000Grade: 1.2Grade Unit: %Contained Metal: 94Contained Unit: ktView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- copper
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:099a35d6063bbc804901
- Deposit or zone
- Sub-Total Primary OP Cayley Lodes
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 7500000
- Grade
- 1.2
- Grade Unit
- %
- Contained Metal
- 94
- Contained Unit
- kt
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Metal Eq. Grade
- 1.6
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The sub-total primary open pit resource for Cayley Lodes of 7.5 Mt at 1.2% copper (1.6% CuEq) represents a substantial high-grade component, supporting potential open pit development scenarios.
Positive factors
- Significant high-grade resource in the Cayley Lodes' primary open pit mineralisation
- Resource is 100% owned by the company
Evidence · table
“1.2”
Context: 7.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedStavely Copper-Gold Project · goldTonnes: 7500000Grade: 0.29Grade Unit: g/tContained Metal: 71Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:099a35d6063bbc804901
- Deposit or zone
- Sub-Total Primary OP Cayley Lodes
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 7500000
- Grade
- 0.29
- Grade Unit
- g/t
- Contained Metal
- 71
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The sub-total primary open pit resource for Cayley Lodes includes 7.5 Mt at 0.29 g/t gold, providing a valuable gold credit that enhances the overall economic potential.
Positive factors
- Gold contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Evidence · table
“0.29”
Context: 7.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedStavely Copper-Gold Project · silverTonnes: 7500000Grade: 9.4Grade Unit: g/tContained Metal: 2300Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- silver
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:099a35d6063bbc804901
- Deposit or zone
- Sub-Total Primary OP Cayley Lodes
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 7500000
- Grade
- 9.4
- Grade Unit
- g/t
- Contained Metal
- 2300
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The sub-total primary open pit resource for Cayley Lodes includes 7.5 Mt at 9.4 g/t silver, providing a valuable silver credit, further enhancing the overall economic potential.
Positive factors
- Silver contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Evidence · table
“9.4”
Context: 7.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredStavely Copper-Gold Project · copperTonnes: 1600000Grade: 1.3Grade Unit: %Contained Metal: 21Contained Unit: ktView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- copper
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:a1e82139a795b3f2ec26
- Deposit or zone
- Primary Mineralisation (UG) Cayley Lodes
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1600000
- Grade
- 1.3
- Grade Unit
- %
- Contained Metal
- 21
- Contained Unit
- kt
- Cutoff Grade
- 0.7
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Metal Eq. Grade
- 1.6
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The inferred underground resource of 1.6 Mt at 1.3% copper (1.6% CuEq) in the Cayley Lodes' primary mineralisation represents a high-grade component that could be targeted in alternative development scenarios, but requires further drilling to improve confidence.
Positive factors
- High-grade inferred underground resource provides potential for selective mining
- Resource is 100% owned by the company
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone
Evidence · table
“1.3”
Context: 1.6
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredStavely Copper-Gold Project · goldTonnes: 1600000Grade: 0.2Grade Unit: g/tContained Metal: 10Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:a1e82139a795b3f2ec26
- Deposit or zone
- Primary Mineralisation (UG) Cayley Lodes
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1600000
- Grade
- 0.2
- Grade Unit
- g/t
- Contained Metal
- 10
- Contained Unit
- koz
- Cutoff Grade
- 0.7
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The inferred underground resource of 1.6 Mt at 0.20 g/t gold in the Cayley Lodes' primary mineralisation provides a gold credit, but requires further work for upgrade.
Positive factors
- Gold contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone
Evidence · table
“0.20”
Context: 1.6
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredStavely Copper-Gold Project · silverTonnes: 1600000Grade: 4.6Grade Unit: g/tContained Metal: 230Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- silver
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:a1e82139a795b3f2ec26
- Deposit or zone
- Primary Mineralisation (UG) Cayley Lodes
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1600000
- Grade
- 4.6
- Grade Unit
- g/t
- Contained Metal
- 230
- Contained Unit
- koz
- Cutoff Grade
- 0.7
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The inferred underground resource of 1.6 Mt at 4.6 g/t silver in the Cayley Lodes' primary mineralisation provides a silver credit, but requires further work for upgrade.
Positive factors
- Silver contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone
Evidence · table
“4.6”
Context: 1.6
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedStavely Copper-Gold Project · copperTonnes: 9100000Grade: 1.2Grade Unit: %Contained Metal: 110Contained Unit: ktView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- copper
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:61cc77190695a493d70f
- Deposit or zone
- Sub-Total Cayley Lode
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 9100000
- Grade
- 1.2
- Grade Unit
- %
- Contained Metal
- 110
- Contained Unit
- kt
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Metal Eq. Grade
- 1.6
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The sub-total Cayley Lode resource of 9.1 Mt at 1.2% copper (1.6% CuEq) represents a substantial high-grade component, supporting potential development scenarios, including the 'small-footprint' underground option.
Positive factors
- Significant high-grade resource in the Cayley Lodes provides a strong foundation for potential development
- Resource is 100% owned by the company
Evidence · table
“1.2”
Context: 9.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedStavely Copper-Gold Project · goldTonnes: 9100000Grade: 0.27Grade Unit: g/tContained Metal: 81Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:61cc77190695a493d70f
- Deposit or zone
- Sub-Total Cayley Lode
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 9100000
- Grade
- 0.27
- Grade Unit
- g/t
- Contained Metal
- 81
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The sub-total Cayley Lode resource includes 9.1 Mt at 0.27 g/t gold, providing a valuable gold credit that enhances the overall economic potential.
Positive factors
- Gold contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Evidence · table
“0.27”
Context: 9.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedStavely Copper-Gold Project · silverTonnes: 9100000Grade: 8.4Grade Unit: g/tContained Metal: 2500Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- silver
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:61cc77190695a493d70f
- Deposit or zone
- Sub-Total Cayley Lode
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 9100000
- Grade
- 8.4
- Grade Unit
- g/t
- Contained Metal
- 2500
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The sub-total Cayley Lode resource includes 9.1 Mt at 8.4 g/t silver, providing a valuable silver credit, further enhancing the overall economic potential.
Positive factors
- Silver contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Evidence · table
“8.4”
Context: 9.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedStavely Copper-Gold Project · copperTonnes: 16000000Grade: 0.4Grade Unit: %Contained Metal: 63Contained Unit: ktView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- copper
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:19fefee28bee8552aa70
- Deposit or zone
- Chalcocite Blanket
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 16000000
- Grade
- 0.4
- Grade Unit
- %
- Contained Metal
- 63
- Contained Unit
- kt
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Metal Eq. Grade
- 0.44
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The indicated resource of 16 Mt at 0.40% copper (0.44% CuEq) in the chalcocite blanket represents a substantial shallow resource, suitable for potential heap leach development.
Positive factors
- Significant indicated tonnage in the chalcocite blanket provides a solid base for potential heap leach operations
- Resource is 100% owned by the company
Evidence · table
“0.40”
Context: 16
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedStavely Copper-Gold Project · goldTonnes: 16000000Grade: 0.04Grade Unit: g/tContained Metal: 20Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:19fefee28bee8552aa70
- Deposit or zone
- Chalcocite Blanket
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 16000000
- Grade
- 0.04
- Grade Unit
- g/t
- Contained Metal
- 20
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The indicated resource of 16 Mt at 0.04 g/t gold in the chalcocite blanket provides a gold credit, enhancing the overall economic potential.
Positive factors
- Gold contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Evidence · table
“0.04”
Context: 16
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedStavely Copper-Gold Project · silverTonnes: 16000000Grade: 1.7Grade Unit: g/tContained Metal: 830Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- silver
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:19fefee28bee8552aa70
- Deposit or zone
- Chalcocite Blanket
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 16000000
- Grade
- 1.7
- Grade Unit
- g/t
- Contained Metal
- 830
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The indicated resource of 16 Mt at 1.7 g/t silver in the chalcocite blanket provides a silver credit, further enhancing the overall economic potential.
Positive factors
- Silver contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Evidence · table
“1.7”
Context: 16
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredStavely Copper-Gold Project · copperTonnes: 6800000Grade: 0.36Grade Unit: %Contained Metal: 25Contained Unit: ktView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- copper
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:e2ec88e0249e92a797e0
- Deposit or zone
- Chalcocite Blanket
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 6800000
- Grade
- 0.36
- Grade Unit
- %
- Contained Metal
- 25
- Contained Unit
- kt
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Metal Eq. Grade
- 0.39
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The inferred resource of 6.8 Mt at 0.36% copper (0.39% CuEq) in the chalcocite blanket contributes to the overall resource base, but its lower confidence category requires further work for upgrade.
Positive factors
- Inferred tonnage adds to the overall resource potential of the chalcocite blanket
- Resource is 100% owned by the company
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone
Evidence · table
“0.36”
Context: 6.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredStavely Copper-Gold Project · goldTonnes: 6800000Grade: 0.02Grade Unit: g/tContained Metal: 4.7Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:e2ec88e0249e92a797e0
- Deposit or zone
- Chalcocite Blanket
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 6800000
- Grade
- 0.02
- Grade Unit
- g/t
- Contained Metal
- 4.7
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The inferred resource of 6.8 Mt at 0.02 g/t gold in the chalcocite blanket provides a gold credit, but requires further work for upgrade.
Positive factors
- Gold contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone
Evidence · table
“0.02”
Context: 6.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredStavely Copper-Gold Project · silverTonnes: 6800000Grade: 1.4Grade Unit: g/tContained Metal: 300Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- silver
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:e2ec88e0249e92a797e0
- Deposit or zone
- Chalcocite Blanket
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 6800000
- Grade
- 1.4
- Grade Unit
- g/t
- Contained Metal
- 300
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The inferred resource of 6.8 Mt at 1.4 g/t silver in the chalcocite blanket provides a silver credit, but requires further work for upgrade.
Positive factors
- Silver contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone
Evidence · table
“1.4”
Context: 6.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedStavely Copper-Gold Project · copperTonnes: 22000000Grade: 0.39Grade Unit: %Contained Metal: 87Contained Unit: ktView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- copper
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:4f41173b0d34d8ede78e
- Deposit or zone
- Sub-Total Chalcocite Blanket
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 22000000
- Grade
- 0.39
- Grade Unit
- %
- Contained Metal
- 87
- Contained Unit
- kt
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Metal Eq. Grade
- 0.43
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The sub-total chalcocite blanket resource of 22 Mt at 0.39% copper (0.43% CuEq) represents a substantial shallow resource, suitable for potential heap leach development, and is a key component of the alternative development scenarios.
Positive factors
- Significant total resource in the chalcocite blanket provides a solid base for potential heap leach operations
- Resource is 100% owned by the company
Evidence · table
“0.39”
Context: 22
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedStavely Copper-Gold Project · goldTonnes: 22000000Grade: 0.03Grade Unit: g/tContained Metal: 25Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:4f41173b0d34d8ede78e
- Deposit or zone
- Sub-Total Chalcocite Blanket
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 22000000
- Grade
- 0.03
- Grade Unit
- g/t
- Contained Metal
- 25
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The sub-total chalcocite blanket resource includes 22 Mt at 0.03 g/t gold, providing a gold credit that enhances the overall economic potential.
Positive factors
- Gold contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Evidence · table
“0.03”
Context: 22
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedStavely Copper-Gold Project · silverTonnes: 22000000Grade: 1.6Grade Unit: g/tContained Metal: 1100Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- silver
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:4f41173b0d34d8ede78e
- Deposit or zone
- Sub-Total Chalcocite Blanket
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 22000000
- Grade
- 1.6
- Grade Unit
- g/t
- Contained Metal
- 1100
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The sub-total chalcocite blanket resource includes 22 Mt at 1.6 g/t silver, providing a silver credit, further enhancing the overall economic potential.
Positive factors
- Silver contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Evidence · table
“1.6”
Context: 22
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedStavely Copper-Gold Project · copperTonnes: 59000000Grade: 0.43Grade Unit: %Contained Metal: 250Contained Unit: ktView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- copper
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:f30f24277585defa0ef8
- Deposit or zone
- Thursday's Gossan
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 59000000
- Grade
- 0.43
- Grade Unit
- %
- Contained Metal
- 250
- Contained Unit
- kt
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Metal Eq. Grade
- 0.53
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The overall Mineral Resource estimate for the Stavely Copper-Gold Project at Thursday's Gossan of 59 Mt at 0.43% copper (0.53% CuEq) represents a substantial and valuable asset, forming the basis for all development scenario evaluations.
Positive factors
- Large total resource provides significant scale for potential development
- Resource is 100% owned by the company
Evidence · text
“Mineral Resource estimate of 59Mt at 0.53% copper-equivalent (0.43% copper, 0.08g/t gold and 2.7g/t silver)”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedStavely Copper-Gold Project · goldTonnes: 59000000Grade: 0.08Grade Unit: g/tContained Metal: 154Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:f30f24277585defa0ef8
- Deposit or zone
- Thursday's Gossan
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 59000000
- Grade
- 0.08
- Grade Unit
- g/t
- Contained Metal
- 154
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The overall Mineral Resource estimate for the Stavely Copper-Gold Project at Thursday's Gossan includes 59 Mt at 0.08 g/t gold, providing a valuable gold credit that enhances the overall economic potential of the project.
Positive factors
- Gold contributes significantly to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Evidence · text
“Mineral Resource estimate of 59Mt at 0.53% copper-equivalent (0.43% copper, 0.08g/t gold and 2.7g/t silver)”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedStavely Copper-Gold Project · silverTonnes: 59000000Grade: 2.7Grade Unit: g/tContained Metal: 5200Contained Unit: kozView all detailsHide details
Identity
- Project
- Stavely Copper-Gold Project
- Commodity
- silver
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:f30f24277585defa0ef8
- Deposit or zone
- Thursday's Gossan
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 59000000
- Grade
- 2.7
- Grade Unit
- g/t
- Contained Metal
- 5200
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The overall Mineral Resource estimate for the Stavely Copper-Gold Project at Thursday's Gossan includes 59 Mt at 2.7 g/t silver, providing a valuable silver credit, further enhancing the overall economic potential of the project.
Positive factors
- Silver contributes significantly to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Evidence · text
“Mineral Resource estimate of 59Mt at 0.53% copper-equivalent (0.43% copper, 0.08g/t gold and 2.7g/t silver)”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedThursday's Gossan · copperTonnes: 9100000Grade: 1.2Grade Unit: %Contained Metal: 110Contained Unit: ktView all detailsHide details
Identity
- Project
- Thursday's Gossan
- Commodity
- copper
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:53e135841a62eea45a96
- Deposit or zone
- Cayley Lode
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 9100000
- Grade
- 1.2
- Grade Unit
- %
- Contained Metal
- 110
- Contained Unit
- kt
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Metal Eq. Grade
- 1.6
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The Cayley Lode resource of 9.1 Mt at 1.2% copper (1.6% CuEq) represents a high-grade component, specifically targeted for the 'small-footprint' underground development option.
Positive factors
- High-grade resource in the Cayley Lode provides a strong foundation for potential underground development
- Resource is 100% owned by the company
Evidence · text
“9.1Mt at 1.6% copper-equivalent – 1.2% copper, 0.27g/t gold and 8.4g/t silver”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedThursday's Gossan · goldTonnes: 9100000Grade: 0.27Grade Unit: g/tContained Metal: 81Contained Unit: kozView all detailsHide details
Identity
- Project
- Thursday's Gossan
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:53e135841a62eea45a96
- Deposit or zone
- Cayley Lode
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 9100000
- Grade
- 0.27
- Grade Unit
- g/t
- Contained Metal
- 81
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The Cayley Lode resource includes 9.1 Mt at 0.27 g/t gold, providing a valuable gold credit that enhances the overall economic potential of this high-grade zone.
Positive factors
- Gold contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Evidence · text
“9.1Mt at 1.6% copper-equivalent – 1.2% copper, 0.27g/t gold and 8.4g/t silver”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedThursday's Gossan · silverTonnes: 9100000Grade: 8.4Grade Unit: g/tContained Metal: 2500Contained Unit: kozView all detailsHide details
Identity
- Project
- Thursday's Gossan
- Commodity
- silver
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:53e135841a62eea45a96
- Deposit or zone
- Cayley Lode
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 9100000
- Grade
- 8.4
- Grade Unit
- g/t
- Contained Metal
- 2500
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The Cayley Lode resource includes 9.1 Mt at 8.4 g/t silver, providing a valuable silver credit, further enhancing the overall economic potential of this high-grade zone.
Positive factors
- Silver contributes to the overall metal equivalent grade and project economics
- Resource is 100% owned by the company
Evidence · text
“9.1Mt at 1.6% copper-equivalent – 1.2% copper, 0.27g/t gold and 8.4g/t silver”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedThursday's Gossan · copperTonnes: 22000000Grade: 0.39Grade Unit: %Contained Metal: 87Contained Unit: ktView all detailsHide details
Identity
- Project
- Thursday's Gossan
- Commodity
- copper
- Region
- australia_vic
- Reported Region
- Western Victoria
- Ticker
- SVY
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Chris Cairns
- Resource group id
- resource:48cef63cf76c2b4e16fd
- Deposit or zone
- Chalcocite-enriched blanket
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 22000000
- Grade
- 0.39
- Grade Unit
- %
- Contained Metal
- 87
- Contained Unit
- kt
- Cutoff Grade
- 0.2
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-02-01
Metal Equivalent
- Metal Eq. Grade
- 0.43
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: The chalcocite-enriched blanket resource of 22 Mt at 0.39% copper represents a substantial shallow resource, specifically targeted for the heap leach option in the alternative development scenarios.
Positive factors
- Significant tonnage in the chalcocite blanket provides a solid base for potential heap leach operations
- Resource is 100% owned by the company
Evidence · text
“22Mt at 0.39% copper”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.