SVY 0.00% 2.6¢ stavely minerals limited

Ann: Another Outstanding High-Grade Copper-Gold Intercept, page-12

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    Some highlights of the interview

    - mentioned a 5 yr mine life for the OC ( down from 7 years he used in past)o
    - $200m to $300m capital cost
    - multi decade UG mine life
    - Waiting on assay results for regional drilling
    - deep drilling at Stavley project will be done just to show how extensive the deposit is not to mineable stage. The next phase of drilling will be a substantial program to define the deeper mineralisation which will include deeper drilling at the Ararat project
    - 75% through regional drilling program - trying to establish if there is a potential big deposit
    - they are proceeding as if they will develop a mine rather than assuming they will be taken over
    - 2.5 to 4 yrs to do permitting
    - no mention of doing any further drilling for the porphyry
 
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