Caravel Minerals Limited · ASX:CVV
Caravel Minerals — South-West Connect Conference 2026
11 slides from Caravel Minerals's conference presentation, Oct 28, 2026
Slide 1: Building Australia's Next Copper Producer
Building Australia’s Next Copper Producer rsonal use only South-West Connect Conference 28 October 2026 Don Hyma Managing Director Caravel Minerals Limited ASX: CVV
Slide 2: Forward Looking and Cautionary Statements
Forward Looking and Cautionary Statements Caravel Minerals Limited (Caravel or the Company) This presentation should be considered in its entirety. If you do not understand the Project". The Company confirms it is not aware of any new information or data that This document may include forward lookin
Slide 3: Caravel Copper Project
Caravel Copper Project One of Australia’s largest undeveloped copper deposits 3.03 Mt rsonal use only CONTAINED COPPER (RESOURCE) 1,277 Mt @ 0.24% Cu plus Mo, Au, Ag 1.42 Mt CONTAINED COPPER (RESERVE) 597 Mt @ 0.24% Cu plus Mo, Au, Ag Location: 150 km north-east of Perth, in the Wheatbelt Freeho
Slide 4: Globally Significant Resource
Globally Significant Resource A top-ten feasibility-stage copper resource worldwide, and the only one in Australia Rank Project Company Country DFS Status rsonal use only 1st El Arco SCC Mexico 2022 17.7 2nd Frieda River PanAust PNG 2018 12.6 3rd Cascabel SolGold/Jiangxi Ecuador In progress 12.4 4th
Slide 5: Proven Methods, at Scale
Proven Methods, at Scale Open-pit mining and flotation, the same approach used across Western Australia 597 Mt Ore Reserve, 27 year mine life rsonal use only Large open pit with a low strip ratio Big trucks and shovels keep unit costs down 2026 Bindi Mine Design 30 Mtpa plant using standard
Slide 6: Infrastructure Already in Place
Infrastructure Already in Place Grid, water, roads, port, fibre and workforce, all within reach of Perth POWER rsonal use only Connection to the State grid, 10 km from site WATER Saline borefield, not farm water ROAD INFRASTRUCTURE Sealed State roads to the gate PORTS Export through Bunbury or Geral
Slide 7: Copper Faces a Structural Supply Deficit
Copper Faces a Structural Supply Deficit Demand is rising, mine supply is falling and few new deposits are being found rsonal use only Global copper demand and mine supply capability to 2050, Mt Cu per Major copper discoveries and exploration budgets, 1990 to 2025 year Sources: Wood Mackenzie, Globa
Slide 8: Smelters Are Short of Concentrate
Smelters Are Short of Concentrate Treatment charges have collapsed to zero, and below zero on the spot market rsonal use only Smelters are paying to secure concentrate, not being paid to treat it Caravel’s clean concentrate, with gold and silver credits, is what they want Non-binding offtake MOU in
Slide 9: What We Have Done Since the PFS
What We Have Done Since the PFS Four years of de-risking, completed to Definitive Feasibility Study standard rsonal use only APPROVALS & ENVIRONMENT TECHNICAL CORPORATE & COMMERCIAL ✓ Mining lease granted ✓ Mineral Resource updated: 3.03 ✓ Land access agreements signed Mt of copper ✓ Environmental R
Slide 10: Why Invest in Caravel?
Why Invest in Caravel? Proven, Low-Cost rsonal use only Scale and Mine Life Close to Perth Methods 3.03 Mt of copper, a 597 Mt Ore Reserve 150 km from Perth on freehold farmland; Open-pit mining and flotation; scale and a and a 27 year mine life roads, grid and workforce already there low strip rati
Slide 11: Thank you
Thank you rsonal use only Come and see us at the Caravel booth for further discussion For more information: investors@caravelminerals.com.au +61 8 9426 6400 https://caravelminerals.com.au/ 11
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