Caravel Minerals Limited · ASX:CVV
Caravel Minerals — Investor Presentation (November 2017)
21 slides from Caravel Minerals's investor presentation, Nov 8, 2017
Slide 1: Investor Presentation – Calingiri
Investor Presentation Caravel Minerals Limited (ASX:CVV) | Nov 2017 For personal use only CALINGIRI Advancing WA’s 2nd largest Copper Project with Innovative Bulk Ore Sorting Technology
Slide 2: Company Highlights
Company Highlights For personal use only Rapidly advancing Calingiri Copper-Molybdenum Project in W.A. (100%): Large Resource (April 2016): Maiden JORC Mineral Resource estimate released, 1.4Mt Cu Bulk Ore Sorting (Nov 2017): Successful proof of concept with potential for major project upgrade Resou
Slide 3: Corporate Snapshot
Corporate Snapshot For personal use only Shares Outstanding^: 85 M Copulos Group 8.4% Capital Sanctuary Victoria Pty 7.9% Options Listed: 0M AFR Australia Pty Ltd 7.0% Unlisted: 21 M Hartree PL 5.6% J P Morgan 4.3% Cash^: $0.7 M BNP Paribas 3.7% Newstead South Holdings 3.6% Debt^: Nil Waratah / Tayl
Slide 4: Ore Sorting Results Exceed Expectations
ORE SORTING RESULTS EXCEED EXPECTATIONS1 For personal use only Successful proof of concept with potential for major project upgrade: Copper grades were beneficiated by an average of 81%. The highest sample product increase in overall grade of 139% resulted in an encouraging 71% reduction in feed wit
Slide 5: Bulk Ore Sorting Outcomes and Benefits
Bulk Ore Sorting Outcomes and Benefits For personal use only Consolidated Pro-Rata Contribution Beneficiated Increase in Reduction in Sorted Samples Cu Grade Cu Grade Ore Feed 5% product sensitivity 0.44% 83% 58% Beneficiated Increase in 10% product " " 0.53% 139% 71% High-Grade Sorted Samples Grade
Slide 6: Calingiri JORC Resource
Calingiri JORC Resource For personal use only Consolidated Indicated and Inferred Resource Estimate (0.25% Cut-off) Classification Tonnes (MT) Cu % Cu Eq % * Cu Metal (T) Indicated 187 0.34 0.38 626,300 Inferred 64 0.34 0.38 218,000 Total 251 0.34 0.38 844,300 Grade / Contained Copper Curve 1,600,00
Slide 7: Scoping Study Key Findings
Scoping Study1 Key Findings2 For personal use only o Capital cost $440m o Throughput 15 Mtpa (21 Yrs) o Opex - Lom $1.50/lb o Ore treated 310mt o Opex – 1st 5 Yrs $1.40/lb Capex / Mine / o Recoveries 92% Opex Plant o Cu US$2.75/lb (FX A$0.72) o Strip ratio 1:1 o Cu 710kt LoM (92% Revenue) o NPV $520
Slide 8: Scoping Study Sensitivities
Scoping Study Sensitivities1 For personal use only 1000.0 $3.30 $3.03 800.0 $1.40 $1.30 $440m 600.0 $490m $360m $530m $400m NPV US$/M $1.50 400.0 $1.60 $1.70 $2.75 $2.48 200.0 $2.20 0.0 -200.0 -20% -10% Base 10% 20% Cu Price $/lb Capital Costs $m Cash Costs (C1) $/lb • Economic outcomes are robust •
Slide 9: Operating Costs (C1 & C3)
Operating Costs (C1 & C3)1 For personal use only C1 Cost C3 Cost $0.01 US$1.50/lb $0.33 US$1.82/lb $0.07 $0.25 $0.63 $(0.53) $0.05 $0.98 $0.03 $1.50 Mining Processing C1 Cost Royalties Depreciation Other G&A Insurance & Management Moly / Silver / Gold Credit Treatment and Realization Charges Cost Co
Slide 10: Infrastructure
Infrastructure For personal use only Summary Area Status Buildings Build requirements detailed and costed ü Power Supply External report completed and costed ü Potential water resources within both a perched water Water Supply table and bedrock aquifers. Hydrogeological investigations underway ü Sea
Slide 11: Global Comparable Copper Studies
Global Comparable Copper Studies For personal use only Red Hawk Caravel Minerals Hot Chili Units Altona Little Eva Resources Copper Avalon Viscaria Calingiri Productora Creek Market Capitalisation A$M $5 $70 $16 $5 $7 Study SS FS PFS SS SS Location Australia Australia Chile USA Sweden Key Findings ü
Slide 12: Calingiri Roadmap
Calingiri Roadmap For personal use only Nov 2017 2018 DFS / Funding Q4 2017 Bulk ore testwork Q1 2017 (Completed) Discovery of four new copper Q2 2016 anomalies Forward Work Programs Scoping Study Bulk Ore Sorting Testwork (Phase 2) Q1 2016 Metallurgical Floatation Maiden Drilling Programs Resource
Slide 13: The Smart Money is on Copper
The Smart Money is on Copper For personal use only Demand Up Used in nearly every major industry of the world End Use by Market: AME Supply Demand by Region: UBS Risks Production delays, lack of major discoveries and mothballing of projects China Growth Supply by Region: UBS, AME WBMS Driving the re
Slide 14: A Very High Quality Leadership Team
A Very High Quality Leadership Team For personal use only MARCEL HILMER, CEO and Executive Director Mr Hilmer is a Fellow of the Institute of Chartered Accountants and a Member of the Australian Institute of Company Directors with more than 30 years experience in executive management of global publi
Slide 15: Calingiri Investment Profile
Calingiri Investment Profile For personal use only Ore sorting beneficiation proven with potential material economic improvements Scoping Study (largely superseded due to ore sorting outcomes): Open pit mine - low cost - low strip - robust economics - recoveries >90% Ideal location - infrastructure
Slide 16: Contact Information
For personal use only Contact Information Corporate and Operations: Marcel Hilmer, CEO or Tony Poustie, Dir. Of Exploration L3, 18 Richardson Street West Perth WA 6005 +61 8 9426 6400 Corporate Advisors: Bridge Street Capital Partners Telephone: +61 2 9002 5415 Caravel Minerals Limited (ASX:CVV) | I
Slide 17: Disclosures and Disclaimer
Disclosures and Disclaimer Disclaimer For personal use only The presentation materials (and the contents of the presentation) are for information purposes only and do not constitute an offer or invitation to subscribe for or purchase any securities, and neither the presentation materials nor anythin
Slide 18: Appendices – Australian Portfolio
Appendices For personal use only Australian Portfolio Projects Status Target Location Holding Area (km2) Copper, Gold, 15 tenements – 100% CALINGIRI Granted WA, Australia 750 Molybdenum 1 tenement – 80% Copper, Gold, BRYAH Granted WA, Australia 1 tenement – 92.5% 123 Manganese Options: 1 Nov 2017 St
Slide 19: Bulk Ore Sorting Outcomes
Bulk Ore Sorting Outcomes For personal use only Caravel Minerals Limited (ASX:CVV) | Investor Presentation | Nov 2017 19
Slide 20: Scoping Study Mining & Production
Scoping Study Mining & Production For personal use only 40 2 Total Tonnes Mined 1.8 35 1.6 30 1.4 25 1.2 Total Tonnes 20 1 0.8 15 0.6 10 0.4 5 0.2 - 0 Bindi West Stage 1 Bindi West Stage 2 Bindi East Stage 1 Bindi East Stage2 Dasher Stage 1 Dasher Stage 2 Opie Strip Ratio 45 0.400 Production Cu /Kt
Slide 21: Calingiri Pit Shells
Calingiri Pit Shells For personal use only Dasher oblique with Cu>0.2% Bindi oblique with Cu>0.2% Low cost open pit mining Low strip ratio: < 1:1 Two major pits situated close to the proposed plant Opie oblique with Cu>0.2% Caravel Minerals Limited (ASX:CVV) | Investor Presentation | Nov 2017 21
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