Update on Stavely Project drilling completion

Stavely Minerals Limited (ASX:SVY) has successfully completed a planned 20 drill hole aircore drilling program at the high-grade Junction copper prospect, located in Stavely Minerals' 100%-owned Stavely Project. The drilling confirmed the geometry of high-grade copper mineralisation, with several mineralised intercepts. Samples are to be despatched for analysis this week with results expected in approximately 4 weeks.

Executive Commentary on Successful Drilling Completion

Stavely Minerals Executive Chair and Managing Director, Mr Chris Cairns, expressed satisfaction with the completion of the drilling program, stating, 'We are very pleased that after 45 years since the first drill hole intercepted high-grade copper at the Junction prospect, we have finally resolved the structural orientation and geometry of the copper mineralisation at the Junction Prospect. We await the assay results of the recently completed aircore drilling to confirm our preliminary interpretations as well as rock-chip assay results for gossanous float located at surface along strike from the drilled copper mineralisation.'

Summary of Stavely Minerals' Drilling Update

Stavely Minerals (ASX:SVY) has successfully completed a 20 drill hole aircore drilling program at the high-grade Junction copper prospect, confirming the geometry of high-grade copper mineralisation. The company awaits the assay results of the completed drilling to confirm their preliminary interpretations. The Junction prospect is located approximately 2 kilometers south of the Cayley Lode Deposit, which hosts a Mineral Resource Estimate of 9.3Mt at 1.23% copper, 0.23g/t gold, and 7g/t silver. Stavely Minerals' drilling initially followed the original drill plan and then adjusted orientation to optimize the intersecting angle of the mineralisation. The company plans to report full drill hole descriptions within the next week or so. The successful completion of the drilling program marks a significant milestone for Stavely Minerals' exploration efforts at the Stavely Project.