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Stavely Minerals Limited (ASX: SVY) has advanced its Scoping Study for the Stavely Copper-Gold Project in Western Victoria, aiming for approximately 20,000 tonnes per annum of copper-equivalent production. The first project meeting has established the scope of work with an independent Study Manager and participating consultants, targeting a delivery date for mid-2026.

An independent Mineral Resources consultant is updating the Mineral Resource Estimate, expected by the end of February. The update is prompted by increases in metal prices and exchange rates since the last study in 2022. The 2026 Scoping Study will assess open pit and underground optimizations, metallurgical testing, process plant design, concentrate transportation, and marketing, with the goal of identifying a pathway to a mine life exceeding 10 years and exploring further regional opportunities.