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The Cayley Lode Discovery
The Deal
● BCD Resources mandates PCF Capital to sell the Stavely and
Ararat Projects
● March 2013, Northern Platinum (later renamed Stavely
Minerals Limited) acquires the Stavely and Ararat Projects
privately for total consideration of $2.8m
● Conducted fieldwork, mapping, IP surveys, gravity survey in
the remainder of 2013
● Listed Stavely Minerals Limited on the ASX in May 2014 and
raised $6m to conduct deeper drilling
● Was the only successful Resources Sector IPO in 2014 – it
was a bleak period in the market at the time
● No institutional investors, all retail – ‘Mums and Dads’ and
‘Friends and Family’ – thankfully we had a following from
Integra Mining
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