North Stawell Minerals Limited
North Stawell Minerals Limited (ASX: NSM, incorporated 2019) is a gold explorer with a 445 km2 (60 km strike) tenement package along the Stawell Corridor in Victoria, Australia, immediately along strike from the operating Stawell Gold Mine (historic production ~5.3 Moz gold, ~5 km south of NSM's tenements). It runs twelve prioritised exploration prospects: Ashens, Challenger, Lubeck Tip, Lubeck, Old Roo, Forsaken, Wildwood, Germania, Caledonia, Darlington, Wimmera Park and Doctors Hill. Wildwood includes a JORC 2012 Mineral Resource of 87,300 oz Au at 2.4 g/t Au (ASX:NSM announcement 29 June 2023) above a 1.0 g/t Au cut-off and remains open for exploration along the dome hinge. Caledonia and Darlington sit on the interpreted northern continuation of the basalt-dome margin that controls the Stawell deposit, 6-8 km to the south; a 2026 dipole-dipole IP survey defined a high-priority chargeability target at Darlington West, and the company has commenced a 2,000-2,500 m air-core drilling programme there and at Caledonia, following up prior high-grade intercepts including 2.3 m at 29.3 g/t gold (incl. 0.8 m at 82.0 g/t gold). No scoping study, PEA, Pre-Feasibility or Feasibility Study has been completed.
Notable vs. Peers
- Financials score of 3.3/10 is weaker than the peer average of 5.3/10.
Lifecycle Milestones
Jurisdiction (40%)9/10
Victoria: Fraser PPI 2025 is 73.81 of 100 (rank 34 of 68), which maps to 9 on this site's scale. Victoria, Australia -- Tier-1 mining jurisdiction.
Infrastructure (40%)No verified figure
Researched with nothing found: no source we could cite confirms or rules out an existing mill, road access, grid power, or tailings facility at North Stawell Gold Project (Wildwood and Stawell Corridor prospects), Victoria, Australia (checked Oct 2, 2026; recheck due Mar 31, 2027). Counts at a neutral 5/10 until one does.
Nearby producing mine (20%)10/10
Stawell (Stawell Gold Mines Pty Ltd) is 2 km away -- within shared-mill trucking range.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer stake on file; largest strategic holder is C&P Entities Pty Ltd (17.43%) See holders
Not an operating producer, so it isn't the toehold-then-takeout pattern the research documents; a missing producer stake isn't held against a company.
Weight 25% - Distance to a producing mineSub-score:9.8/10
Nearest producing mine: Stawell (Stawell Gold Mines Pty Ltd), 2 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:3.5/10
Stage: Resource Definition
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:9/10
Australia: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Non-Executive Chairman of North Stawell Minerals Limited, a gold explorer along strike from the operational Stawell Gold Mine in western Victoria, Australia. Currently the Asset Manager of the Stawell Gold Mine. No CEO/Managing Director title currently exists at the company.
Executive Director of North Stawell Minerals Limited.
Chief Financial Officer and Company Secretary of North Stawell Minerals Limited.
Director of FinEx Metals Ltd., a geologist with three decades of experience currently serving as President & CEO of Inflection Resources and founder of Headwater Gold; also a non-executive director of North Stawell Minerals Limited. Previously VP Greenfields Exploration at Kinross and CEO of GoldQuest Mining.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Checked directly against the company's own site, which is live. No producer, specialist fund or named institution holds a disclosed position, and there are no insider trading records in our data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
North Stawell Minerals explores a 445 km2 gold tenement package along the Stawell Corridor in Victoria, Australia, immediately along strike from the operating Stawell gold mine. Its Wildwood prospect holds 44,600 oz of gold indicated within a JORC 2012 resource of 87,300 oz at 2.4 g/t above a 1.0 g/t cut-off, announced on 29 June 2023, with 42,700 oz inferred. At the Darlington and Caledonia prospects, on the interpreted northern continuation of the basalt-dome margin that controls the Stawell deposit, drilling has returned high-grade intercepts including 2.3 m at 29.18 g/t gold, and an induced-polarization survey defined new targets at Darlington West. No economic study has been completed.