Stavely Minerals' A$3.65 million placement

Stavely Minerals Limited (ASX: $SVY) has received binding commitments for a Placement to raise A$3.65 million, at A$0.037 per share. The Placement will include one (1) free Placement Option for every two (2) Placement Shares, with an exercise price of $0.07 and an expiry of 31 December 2025. The net proceeds from the Placement will be utilized for diamond drilling at Stavely's Junction copper project, commercial viability studies, exploration at the Hawkstone project, and working capital.

Executive Commentary on Placement

We are delighted with the support for the placement and welcome a number of new investors to the register. On behalf of the Board, I would also like to thank our existing investors for their ongoing support. The funds raised from the Placement will enable Stavely to continue to invest a significant proportion of funds in the ground. We have ambitious field programmes in both our projects and the objective is to have discoveries in both projects by the end of the calendar year that can be progressed through complementary field seasons. At the Stavely Project, the drilling of the Junction Lode target will commence immediately. We acknowledge the significant co-funding support provided by the WA government for the Hawkstone Ni-Cu-Co Project which allows us to progress that project to drill targeting and testing with well-leveraged expenditure. We look forward to putting our investors' money to work.

Summary of Stavely Minerals' Placement

Stavely Minerals Limited (ASX: $SVY) has successfully secured a A$3.65 million Placement, with the issue price of A$0.037 per share. The Placement includes one (1) free Placement Option for every two (2) Placement Shares, exercisable at $0.07 with an expiry of 31 December 2025. The net proceeds from the Placement will be directed towards diamond drilling at Stavely's Junction copper project, commercial viability studies, exploration at the Hawkstone project, and working capital. The Company aims to make significant discoveries in both projects by the end of the calendar year and leverage the co-funding support provided by the WA government for the Hawkstone Ni-Cu-Co Project. The successful Placement reflects the Company's commitment to advancing its projects and delivering value to its investors.