Stavely Minerals Limited has announced that it is set to restart exploration at its fully owned Stavely Copper-Gold Project in Western Victoria by commencing reverse circulation drilling at the Fairview gold prospect in early June. Recent reinterpretation of the structure indicates that the Fairview prospect is part of an extensive, more than 10‐kilometre mineralised corridor that extends toward the high‐grade copper-silver Junction prospect located about 1.2km away. This updated geological model builds on previous RC and diamond drilling programs—conducted as early as 2017—that delivered encouraging intercepts such as 30 metres at 1.4 grams per tonne (g/t) gold and several historical results with some intervals exceeding 5 g/t gold. The company’s renewed focus on gold targets comes after a recent surge in gold prices, prompting Stavely Minerals to re-prioritise prospects that had been de‐prioritised following earlier discoveries. Historic drilling at Fairview documented multiple intercepts—including shallow, wide gold intervals and higher-grade “gold in soil” anomalies—supporting the view that the prospect hosts epithermal-style quartz‐pyrite-gold mineralisation. The drilling program will employ RC techniques geared to confirm the structural controls on, and the potential continuity of, the mineralisation along the major structural trend marked by en-echelon tension-gash arrays. Financially, Stavely Minerals has 544 million shares on issue with a market capitalization of approximately $6 million and cash reserves of $1.7 million as of 31 March 2025. The company’s technical director and executive chair, Chris Cairns, has stressed that the forthcoming drilling campaign is aimed at further delineating the mineralised envelope and will focus on areas where gold intercepts and altered structures hint at expanded potential. Detailed technical information, including drill hole orientations and assay methods, underscores the rigour of the exploration efforts and assures that sampling and laboratory protocols are being adhered to at industry standards. Bullish sentiment for this project centers on the re-emphasis on gold exploration at a time when commodity prices are at record highs. The revised structural interpretation, combined with robust historical drilling intercepts and the proximity to a high-grade copper-silver prospect, indicate that the Fairview target could unlock significant value if further drilling confirms extended mineralisation. On the bearish side, the company’s small market capitalisation and limited cash reserves present risks; the exploration stage remains speculative with no immediate production, and the continuity of the mineralisation along the extensive structural corridor needs to be definitively proven through further drilling.