Caravel Minerals Limited · ASX:CVV
Caravel Minerals — Investor Presentation (July 2016)
21 slides from Caravel Minerals's investor presentation, Jun 29, 2016
Slide 1: Compelling Australian Copper Project
For personal use only ASX: CVV Compelling Australian Copper Project Investor Presentation July 2016
Slide 2: Disclosures and Disclaimer
Disclosures and Disclaimer For personal use only Disclaimer 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 3: Company Overview
Company Overview For personal use only • Advancing Project: Calingiri Copper- Molybdenum development in W.A. • Tier-1 partner: Leading international miner First Quantum Minerals (FQM:TX) • Scoping Study (June 2016): Confirmed potential as a low-cost mid-tier producer with low Capex and robust econom
Slide 4: Capital Structure
Capital Structure For personal use only Caravel Minerals Major Shareholders^: Shares Outstanding^: 49.8 M Kingsgate Consolidated 12.3% Options Listed: 0M First Quantum Minerals 12.0% Unlisted: 11.8 M Healy Robert Anthony 4.8% Cash*: $0.7 M M & C Hilmer Group 4.2% Share Price^: $0.10 T & R Poustie Gr
Slide 5: Calingiri and First Quantum Minerals
Calingiri and First Quantum Minerals For personal use only FQM - Large global copper producer: market cap ~A$6b (FM:TSX). Operating seven mines and developing five bulk tonnage projects in Zambia, Peru, Argentina and Panama Farm-In 50.1% project 1st Phase - $1.2m equity 2014/15 11/2015 ~9/2016 ~5/
Slide 6: Calingiri Scoping Study
Calingiri Scoping Study1 June 2016 For personal use only • Technically and financially robust project • Post -tax NPV of $520M and IRR of 23% • Estimated LOM operating cash cost (C1) of US$1.50/lb (1st 5Yrs US$1.40) • Low pre-production capital cost of $440 million • 710,000t Cu within the initial m
Slide 7: Calingiri: A large tonnage, disseminated style, primary copper-molybdenum sulphide
Calingiri: A large tonnage, disseminated style, primary copper-molybdenum sulphide JORC Mineral Resource For personal use only Table 1: Consolidated Indicated and Inferred Resource Estimate (0.25% Cut-off) Classification Tonnes (MT) Cu % Cu Eq % * Cu Metal (T) Indicated 187 0.34 0.38 626,300 Inferre
Slide 8: Scoping Study: Findings
Scoping Study: Findings For personal use only Project Project Initial LoM Years 21 NPV at a Discount Rate of 7% - (Excl. Tax) A$M 800 - (Incl. Tax) 520 Internal Rate of Return - (Excl. Tax) % 31% - (Incl. Tax) 23% Payback Period after Tax Years 3 Capital Cost A$M 440 Production LoM 1st 5 Yrs Treatme
Slide 9: Scoping Study: Inputs & Production
Scoping Study: Inputs & Production For personal use only Fundamental Assumptions and Parameters Basis Project level, pre and post-tax, excluding any debt financing Development period (Months) 18 Mine life (Years) 20.7 Annual throughput 15 MTPA Power cost $0.10 kWh Production rate Between approximate
Slide 10: Scoping Study: Sensitivities
Scoping Study: Sensitivities For personal use only Pre-tax NPV Post-tax NPV Parameter/ Variation Value (A$M. DR 7%) (A$M. DR 7%) Cu Price Cu Price (US$/lb) -20% 2.20 250 130 -10% 2.48 520 330 Base 2.75 800 520 10% 3.03 1070 720 20% 3.30 1350 930 Capital Costs Capital Cost (A$M) Sensitivity of Financ
Slide 11: Calingiri Pit Shells
Calingiri Pit Shells For personal use only Dasher oblique with Cu>0.2% Bindi oblique with Cu>0.2% Investor Presentation | July 2016 | Page 11 Opie oblique with Cu>0.2%
Slide 12: CAPEX & Process Plant Flowsheet
CAPEX & Process Plant Flowsheet For personal use only Based on a well understood and proven SAG/ball mill circuit Capital Items +/- 30% Est. Cost A$/M PEBBLE CRUSHER CRUSHED Process plant, first fill & ORE SAG MILL GYRATORY STOCKPILE CYCLONE 250 CRUSHER spares CLUSTER BALL MILL Mining capital & pre-
Slide 13: Operating Costs
Operating Costs For personal use only Cost Cost Cost Cost % (A$/t of Item (A$/t of ore (US$/lb Cu (US$/lb Cu of Cost ore Yr. 1-5) LoM) Yr. 1-5) LoM) Mining 4.58 4.43 0.59 0.63 42% Processing 6.85 6.85 0.89 0.98 65% G&A 0.22 0.22 0.07 0.08 6% Metal Credits -3.86 -3.69 -0.50 -0.53 -35% TC/RC 2.57 2.28
Slide 14: Infrastructure
Infrastructure For personal use only Summary Area Status Buildings Build requirements detailed and costed Power Supply External report completed and costed Abundant water within both a perched water table Water Supply and bedrock aquifers. Hydrogeological investigations underway Sealed roads a
Slide 15: Global Comparable Copper Studies
Global Comparable Copper Studies For personal use only Red Hawk Caravel Hot Chili Resources Altona Avalon Units Minerals Productora Copper Little Eva Viscaria Calingiri Creek Study SS PFS SS FS SS Location Australia Chilli USA Australia Sweden Key Findings Initial LoM Years 21 12 18 11 8 NPV - pre t
Slide 16: Calingiri Roadmap
Calingiri Roadmap For personal use only H1 17 Q2 16 PFS Q1 16 Scoping Study Maiden Q1 16 Resource Q2 15 Drilling Results Exploration Targets Q3 16 Investor Presentation | July 2016 | Page 16
Slide 17: Bryah Project
Bryah Project For personal use only Bryah (97.5%) is located ~80km north of Meekatharra – 60km south-west of the Degrussa Copper-Gold Deposit. Two large multi-element anomalies outlined in a geological setting analogous to the Degrussa deposit The Monty discovery has significantly upgraded prospecti
Slide 18: 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 19: Caravel: Investment Summary
Caravel: Investment Summary Calingiri Project – Scoping Study For personal use only Strong funding farm-in partner - FQM Ideal location –infrastructure – local workforce Open pit mine – low cost – low strip – robust economics Metallurgical recoveries - >90% Cu and Mo No native title and low environm
Slide 20: Contact Information
Contact Information For personal use only 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: Palladion Partners Telephone: +61 2 9002 5415 Investor Presentation | July 2016 | Page 20
Slide 21: Appendices: Australian Portfolio
Appendices For personal use only Australian Portfolio Projects Status Target Location Holding Area (km2) Copper, Gold, 16 tenements – 100% CALINGIRI Granted WA, Australia 760 Molybdenum 1 tenement – 80% Copper, Gold, 1 tenement – 100% BRYAH Granted WA, Australia 129 Manganese 1 tenement – 92.5% Opti