Caravel Minerals Limited · ASX:CVV
Caravel Minerals — Investor Presentation (March 2018)
20 slides from Caravel Minerals's investor presentation, Mar 1, 2018
Slide 1: Calingiri Copper Project: Advancing a world class resource with proven ore sorting technology
For personal use only Calingiri Copper Project Advancing a world class resource with proven ore sorting technology Investor Presentation March 2018
Slide 2: Important Information
Important Information 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 anything con
Slide 3: Caravel at a Glance
Caravel at a Glance Driving Calingiri Copper Project returns via the application of proven ore sorting technology For personal use only A world class copper resource Proven ore sorting technology Enhanced project returns Location: Developed, premier Successful Phase 2 testwork confirms Lower plant t
Slide 4: Corporate Snapshot
Corporate Snapshot A highly experienced Board and management team with strong ownership alignment For personal use only Capital structure CVV share price performance (1 year) ASX ticker CVV Share price (26 February 2018) A$0.061 Shares on issue 118 M Unlisted options 37 M Market capitalisation (undi
Slide 5: Calingiri: A world class copper resource
Calingiri: A world class copper resource… A substantial mineral inventory with strong expansion potential For personal use only Calingiri Global Resource1 844kt copper and 17kt molybdenum 251Mt at 0.34% Cu (0.38% CuEq2) Grade / Contained Copper Curve 1,600,000 0.43% 0.45% Sulphides at depths of 5-50
Slide 6: …in a globally attractive location
…in a globally attractive location Only 120km from Perth For personal use only First World, premier strategic jurisdiction No existing native title on Calingiri tenement base Minimal/low environmental risks Proximate sealed road and rail network Linking to suitable ports – Fremantle and Geraldton Ex
Slide 7: The Ore Sorting Opportunity
The Ore Sorting Opportunity Upgrading of plant ore feed to further enhance project returns For personal use only Bulk ore sorting is a commercially proven pre-concentration technology in which barren gangue is separated from mineralisation based on grade as measured from a sensor measurement Ore sor
Slide 8: A Proven Process
A Proven Process Ore sorting is a well established pre-concentration technology For personal use only Commercially proven, high capacity process globally Currently testing TOMRA DE-XRT technology (with plans to test other key suppliers’ equipment) − 250 ore sorting installations globally − 3,500 emp
Slide 9: Why is Calingiri so well suited to ore sorting?
Why is Calingiri so well suited to ore sorting? Readily amenable to density-driven ore beneficiation process For personal use only DE-XRT sensor based on atomic weight/density of component minerals o High density (blue in images below) = typically sulphides (mineralisation) o Low density (red in ima
Slide 10: Outstanding Bulk Ore Sorting Results
Outstanding Bulk Ore Sorting Results Very high upgrade levels achieved in Phase 2 testwork1 For personal use only Copper grade increase of 86%... Reduction in plant feed of 56%... Deferral/loss of contained copper only 22%... Cu head grade (% Cu) 0.48% Cu 15.0 Mtpa 100% Contained Cu (ktpa) 0.50% 16.
Slide 11: Strong Potential for Project Re-rating
Strong Potential for Project Re-rating Targeting aggressive re-positioning of Calingiri mine economics1 For personal use only 1 Lower throughput = smaller plant = lower project capital Process plant capital in the Scoping Study was A$250M, representing 57% of total pre-production capital (A$440M). A
Slide 12: Calingiri Roadmap and Newsflow Pipeline
Calingiri Roadmap and Newsflow Pipeline Driving towards an updated Scoping Study in 2018 and DFS in 2019 For personal use only March 2018 Updated Scoping 2018/19 Study in 4Q18 milestones and Targeting DFS in 2019 1Q 2018 Phase 2 ore 1Q 2017 sorting Discovery of testwork four new Cu completed anomali
Slide 13: A high quality leadership team
A high quality leadership team1 Deep exploration, project, mining, commercial and corporate expertise For personal use only Management Team Marcel Hilmer Dale Hanna Tony Poustie CEO and Executive Director CFO and Director of Exploration Company Secretary Board Peter Alexander James Harris Dan Ryan N
Slide 14: The Caravel Investment Proposition
The Caravel Investment Proposition An emerging Australian growth story propelled by the flagship Calingiri Copper Project For personal use only ü Fully funded to complete updated Scoping Study in 2018 ü Significant potential for resource expansion (exploration underway) ü Bulk ore sorting Phase 2 re
Slide 15: Contact
Contact For personal use only Corporate and Operations Marcel Hilmer (CEO) mhilmer@caravelminerals.com.au +61 8 9426 6400 L3, 18 Richardson Street West Perth WA 6005 www.caravelminerals.com.au Corporate Advisers Fivemark Partners Lee Bowers lee.bowers.fivemark.com.au +61 407 421 998 15
Slide 16: Mineral Resource Estimate Disclosures
Mineral Resource Estimate Disclosures1 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 Inferred 64 0.34 0.38 218,000 Total 251 0.34 0.38 844,300 Table 2: Caling
Slide 17: Bulk Ore Sorting Outcomes
Bulk Ore Sorting Outcomes1 For personal use only Consolidated Product, Middlings and Fines Beneficiated Increase in % of Total Reduction in Contained Cu Cu Eq. Grade Grade Feed Ore Feed Dilution Copper - High Grade: 0.83% 217% 37% Copper - Fines: 0.36% 36% 30% Copper - Middlings: 0.24% -6% 33% Coppe
Slide 18: Calingiri Scoping Study outcomes (June 2016)
Calingiri Scoping Study outcomes (June 2016)1 The Scoping Study requires updating to reflect the improvements from bulk ore sorting testwork For personal use only Scoping Study Scoping Study Operating parameters Units Financial parameters Units (June 2016) (June 2016) Pre-production mine development
Slide 19: Global open-pit copper development projects
Global open-pit copper development projects1 For personal use only Caravel Hot Chili Altona Redhawk Copper Fox Company ASX: CVV ASX: HCH ASX: AOH TSX: RDK TSX: CUU Market capitalisation (A$m) 7 18 75 C$5 C$55 Flagship project Calingiri Productora Little Eva Copper Creek Schaft Ck (25%) Location Aust
Slide 20: The Smart Money is on Copper
The Smart Money is on Copper Over 40% of global supply Over 50% of global demand Key drivers concentrated in Chile & Peru from high growth China For personal use only Demand China Up Growth Used in nearly every major Driving the recovery with India industry of the world Supply Price Risks Outlook Su
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