Funding awarded under WA government’s 2026-2027 geophysics program
Supporting the next phase of the MLEM survey at the Hawkstone nickel-copper-cobalt project
Follows previous EIS co-funding for geophysics and drilling at Hawkstone
Upcoming program to test emerging MLEM anomaly
Stavely Minerals (ASX: SVY) has been awarded a Western Australian government EIS co-funding grant for geophysics at the Hawkstone nickel-copper-cobalt project in the Kimberley region.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more
The funding of up to $150,820 will cover a moving loop electromagnetic survey (MLEM) to assess the potential of high-grade massive nickel sulphide mineralisation at Hawkstone.
“We are very pleased to receive further EIS support for Hawkstone,” executive chairman and MD, Chris Cairns, said.
“This funding will directly advance our next phase of MLEM surveying across newly heritage cleared areas on the southern margin of the interpreted magma chamber — the key trap sites for magmatic nickel-copper-cobalt sulphide accumulation as well as following up on a late-time priority-1 MLEM conductor emerging anomaly that was identified at the end of the 2024 survey.
“The WA government’s continued support reflects the strong technical merit of the Hawkstone project and its position within the emerging West Kimberley magmatic nickel province.”
Mr Cairns said the co-funded program will build on successful 2024 MLEM and RC drilling programs which confirmed widespread disseminated sulphides and identified an emerging late-time conductor.
A detailed MLEM survey focusing on the southern margin of the Falcon gravity high was partially completed during the 2024 Kimberley field season at Hawkstone, primarily focused on cultural heritage cleared areas within EL04/1169.
The late-time MLEM conductor is interpreted to be located beyond the last station on line 79300. During the current field season, the plan is to extend line 79300 and in-fill on adjacent lines.
In addition, MLEM has been planned to do some preliminary testing of the “potential feeder zones” on the southern margin of an interpreted 20 km-long magma chamber which has been identified in the Falcon gravity gradiometer survey data.
Hawkstone is located in the emerging West Kimberley magmatic nickel province where two discoveries have been announced within separate IGO/Buxton Joint Ventures – the Merlin Ni-Cu-Co discovery in 2015 and the recent Dogleg discovery in 2023.
SVY is steady at 1.3¢. Mkt cap $11.12M.
Join the discussion: See what Hot Copper users are saying about Stavely Minerals and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.