Stavely Minerals awarded grants for Hawkstone Ni-Cu project

Stavely Minerals Limited (ASX: $SVY) has been awarded two co-funded grants totaling $400,000 under the WA Government's Exploration Incentive Scheme (EIS) for the Hawkstone Nickel-Copper Project in the West Kimberley region of WA. The grants include $231,700 for a regional Moving Loop Electromagnetic (MLEM) survey and $170,000 for RC drilling to test conductors identified by the MLEM survey. This funding aims to stimulate exploration leading to discovery and is based on the technical merit of the proposed exploration program.

Executive commentary on Hawkstone Ni-Cu project grants

We are delighted to have been successful in both of our two recent applications for the WA Government's EIS co-funding grants. We believe this represents a strong endorsement of the technical merits of the Hawkstone Project, located in the emerging magmatic nickel province of the West Kimberley. The magmatic nickel style of deposits are amongst the largest and highest-grade nickel deposits globally and, uniquely, typically have associated copper sulphides in economic abundance. This adds to their very strong deposit economics and positions them as some of the lowest cost producers of nickel globally. Examples include the Voisey's Bay, Jinchuan and Norilsk mega mines and the Nova Bollinger nickel-copper deposit in WA.

Summary of Stavely Minerals' Hawkstone Ni-Cu project update

Stavely Minerals (ASX: $SVY) has secured two co-funded grants totaling $400,000 for the Hawkstone Nickel-Copper Project in WA. The grants will support a regional Moving Loop Electromagnetic (MLEM) survey and RC drilling to test conductors identified by the survey. The company's Executive Chair and Managing Director, Mr Chris Cairns, expressed delight at the successful grant applications, emphasizing the technical merits of the Hawkstone Project and its potential in the emerging magmatic nickel province of the West Kimberley. The grants aim to stimulate exploration leading to discovery, reflecting a strong endorsement of the project's technical merits. The Hawkstone Project, located in the West Kimberley region, holds significant potential for magmatic nickel deposits and associated copper sulphides, positioning it as a promising exploration prospect. The upcoming field season is set to commence shortly with the MLEM survey in heritage-cleared areas, marking an important step in the project's exploration journey.