On the verge of discovery

IN A market short of new mineral finds, MNN looks at the most promising pre-discovery exploration stories in the ASX junior space.

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Diggers & Dealers is always the time of year investors are looking for the next big thing, and a good hit, coupled with some shiny core samples, has the potential to get hearts racing in the marquee.

In the past decade, few things have excited the market as much as Sandfire Resources' DeGrussa copper-gold discovery and Sirius Resources' Nova nickel-copper discovery - which were both made when the companies were cash-strapped juniors.

Exploration is a high-risk business and there are potentially huge rewards on offer for those prepared to have patience.

These are some of the best emerging discoveries (pre-JORC resource) in Australia:

Stavely Minerals - Thursday's Gossan, Victoria

Stavely managing director Chris Cairns has al...