Highlights

  • Stavely Minerals shares remained flat at AUD 0.014 on 13 April 2026 despite a funding update.
  • Company secured binding commitments to raise A$4.0 million via a two-tranche placement.
  • Placement was heavily oversubscribed, reflecting strong investor demand.
  • Funds to support Scoping Study, pre-feasibility work, exploration, and working capital.
  • Capital raising priced at A$0.0115 per share, representing a discount to recent trading levels

Stavely Minerals Ltd (ASX:SVY) shares remained unchanged at AUD 0.014 on 13 April 2026, holding steady despite the release of a positive funding update. The stock has delivered a gain of approximately 40% over the past year, yet today’s muted price reaction suggests the market is taking a measured view of the company’s latest capital raising initiative.

The company announced that it has secured binding commitments to raise A$4.0 million through a placement to sophisticated and institutional investors, marking a significant step in advancing its development and exploration pipeline.

Company Overview and Strategic Focus

Stavely Minerals is an ASX-listed exploration company focused on copper, gold, and silver projects, primarily within Australia. The company controls a substantial landholding with more than 130 kilometres of prospective volcanic arc, positioning it to pursue large-scale mineral discoveries.

Its strategy centres on advancing key development studies while continuing to explore high-potential targets across its portfolio. The ongoing Scoping Study at the Thursday’s Gossan project is a central component of this strategy, alongside continued exploration success such as the Freddy’s Find gold discovery.

Oversubscribed Placement Reflects Investor Confidence

The company confirmed that it has received binding commitments to raise A$4.0 million through the issue of approximately 347.8 million new fully paid ordinary shares at an issue price of A$0.0115 per share.

The placement was described as heavily oversubscribed, with strong participation from both existing major shareholders and new institutional investors. This level of demand required significant scale-backs for some applicants, indicating robust investor interest in the company’s growth strategy.

The issue price represents a 17.8% discount to the last traded price of A$0.014 and a 21.6% discount to the 15-day volume weighted average price of A$0.0147, reflecting typical market practice for capital raisings of this nature.

Two-Tranche Structure to Support Capital Raise

The placement will be executed in two tranches.

The first tranche is expected to raise approximately A$1.97 million through the issue of 171.2 million shares, utilising the company’s existing placement capacity. Settlement for this tranche is scheduled for 20 April 2026.

The second tranche is expected to raise approximately A$2.03 million through the issue of 176.6 million shares, subject to shareholder approval at a General Meeting planned for late May or early June.

This tranche includes director participation totalling A$460,000, which is also subject to shareholder approval. Additionally, a previously announced A$500,000 loan facility from a director is intended to be converted into equity on similar terms, although participation has been reduced to A$400,000 due to high demand from other investors.

Funding to Advance Key Development Milestones

The proceeds from the placement are earmarked for several key initiatives within Stavely Minerals’ 2026 work program.

A primary focus is the completion of the Thursday’s Gossan Scoping Study, which is currently underway and expected to be delivered before mid-year. The study is intended to assess the economic potential of a copper-gold-silver development scenario.

In addition to the Scoping Study, funds will be allocated to preliminary pre-feasibility work, which represents the next stage in project evaluation and development planning.

The company also plans to invest in exploration targeting and field activities, including geochemical and geophysical programs, as well as drilling campaigns aimed at testing priority targets.

A portion of the funds will also be directed toward general working capital, ensuring the company maintains a strong financial position as it progresses its projects.

Exploration Upside and Recent Discovery Momentum

Stavely Minerals highlighted the significance of its recent Freddy’s Find gold discovery, which was identified beneath approximately 50 metres of basalt cover. This discovery underscores the exploration potential across the company’s extensive landholding.

The presence of more than 130 kilometres of prospective volcanic arc provides a substantial exploration corridor, with multiple targets yet to be fully tested.

The company indicated that further details on priority exploration targets will be released ahead of the Scoping Study, with planned field programs and drilling expected to advance these opportunities.

Scoping Study Positioned as a Key Catalyst

The upcoming Scoping Study at Thursday’s Gossan is expected to play a central role in defining the project’s development potential. According to the company, the study is designed to evaluate a copper-gold-silver operation and assess its economic viability.

Management indicated that completing the study while maintaining a strong cash position is intended to maximise the impact of the results, allowing the company to act on findings without immediate funding constraints.

The study is expected to provide a clearer pathway for future development decisions and could represent a key milestone in the company’s progression from exploration to potential production.

Leadership Commentary Highlights Strategic Progress

Management expressed appreciation for the support received from both existing and new investors, noting that the strong participation reflects confidence in the company’s strategy and asset base.

The company reiterated its focus on delivering the Scoping Study and advancing exploration programs, with the capital raise providing the necessary funding to execute these initiatives.

The integration of development studies and ongoing exploration is intended to unlock value across the company’s portfolio, particularly within its flagship project areas.

What This Means for Investors?

Despite the positive nature of the funding update and strong investor participation, Stavely Minerals’ share price remained flat, suggesting that the market may have already factored in expectations of a capital raise or is awaiting further project milestones.

The A$4.0 million placement strengthens the company’s balance sheet and provides funding for key development and exploration activities. However, the discounted pricing and pending shareholder approvals for the second tranche may be influencing short-term sentiment.

Looking ahead, the completion of the Scoping Study and progress on exploration targets are likely to be key catalysts, with investors monitoring how effectively the company translates this funding into tangible project outcomes.