Caravel Minerals Limited · ASX:CVV
Caravel Minerals — Investor Presentation (February 2021)
21 slides from Caravel Minerals's investor presentation, Feb 5, 2021
Slide 1: Shareholder Meeting & Company Update
For personal use only SHAREHOLDER MEETING & COMPANY UPDATE 5 February 2021 1
Slide 2: Disclaimer
Disclaimer • Cautionary Statement For personal use only • This presentation has been prepared by Caravel Minerals (“Caravel”) to assist in informing interested parties about the Company and its progress. It should not be considered as an offer or invitation to subscribe for or purchase any securitie
Slide 3: Corporate Overview
Corporate Overview Chart Title For personal use only Cooke Capital Structure African 7.8% Energy ASX ticker CVV 5.4% Glenvar Share price (4 February 2021) 18.0c 4.5% Orbit 4.0% Shares on issue 290M Other Ownership Unlisted options (8-10c strike) 22M holders Analysis Market capitalisation (diluted) $
Slide 4: Strong leadership team with direct experience in project development
Strong leadership team with direct experience in project development Board and Management For personal use only Wayne Senior board executive with 35 years industry 30+ years experience in mineral exploration, project Trumble expertise in mining, electricity, investment and Lachlan Reynolds developme
Slide 5: Caravel Minerals strategy
Caravel Minerals strategy For personal use only • Advance the Caravel Copper Project – Progress feasibility studies (PFS end 2021, BFS) – Major exploration program underway – Positioned for strong copper market • Pursue exploration opportunities in South West Yilgarn Terrane Drilling at Bindi Deposi
Slide 6: Caravel Copper Project
Caravel Copper Project For personal use only Large scale. Long life. Simple Project. – One of Australia’s largest undeveloped copper projects – Mineral Resource (0.15% cut-off) 662Mt at 0.28% Cu, for 1.86Mt contained Cu – Scoping Study confirms potential for long life, low-cost project – >25 year mi
Slide 7: Mineral Resource Estimate
Mineral Resource Estimate For personal use only Schematic cross section of the Bindi copper deposit showing interpreted mineralised fold hinge and drilling intersections. 7
Slide 8: Large resource and growing
Large resource and growing • Major RC and diamond drilling program underway For personal use only • Aim to improve continuity of higher-grade zones • Extend resources at depth Sorted by contained copper – top 30 deposits Operating sites are coloured blue • Expect to report new resources Q3 2021 Sect
Slide 9: Brownfields exploration
Brownfields exploration Numerous targets throughout the 30km mineralised trend: For personal use only • 2,208 holes in project area (including shallow aircore) • Only 306 holes > 100m depth • 184 drill holes with > 0.5% Cu intervals Focus on higher grades for inclusion in early mine schedule: • Mine
Slide 10: Project advantages
Project advantages For personal use only • Existing infrastructure – lower capex • Large resource - long life, good potential to grow • Low mining cost - low strip ratio, open-pit bulk mining • Excellent metallurgy – high recovery, standard flow- sheet • Low-cost power from grid • Very clean copper
Slide 11: Simple, straightforward operation
Simple, straightforward operation For personal use only • Bulk open pit mining • Standard drill & blast/load & haul • Low Strip ratio • Assumed contractor mining initially with opportunity to reduce costs through Owner Operator model • Standard comminution/flotation circuit • Relative coarse grind w
Slide 12: Project location provides exceptional operating cost benefits
Project location provides exceptional operating cost benefits For personal use only • Grid connection = low power cost –(preferred consumer to power companies due to base load) • Situated next to existing major road infrastructure • Close to services and suppliers – low transport costs • Two options
Slide 13: Greenfields Exploration
For personal use only Greenfields Exploration 13
Slide 14: South West Yilgarn Terrane: Emerging Mineral Province
South West Yilgarn Terrane Emerging Mineral Province For personal use only – Julimar discovery has highlighted the exploration potential of the South-West Yilgarn Terrane – Already host to Boddington – Australia’s largest gold mine (6th globally) – Regional scale copper anomaly follows the SW Terran
Slide 15: Regional Soil Chemistry Database
Regional Soil Chemistry Database Caravel’s database provides a unique advantage For personal use only in identifying new opportunities. – ~250,000 sample points, with ~100,000 from Dominion database collected 1998 – 2011 by sampling along public roads – Main focus was gold. Copper deposits at Wongan
Slide 16: Cost Effective and Rapid Exploration Methods
Cost Effective and Rapid Exploration Methods Good logistics, year round access and easy sample collection from regolith using auger or shallow drilling. For personal use only – – The region has very little fresh outcrop, most areas are deep weathered with leached profiles up to 50m thick, especially
Slide 17: Toolbrunup Project
Toolbrunup Project • Granted Licence, 100% Caravel Minerals For personal use only • Located between Tambellup and Gnowangerup • Very anomalous Ni, Cu and Pt geochemistry from limited regional surface sampling • No previous exploration on the main anomaly, no drilling • Interpreted from airborne magn
Slide 18: Toolbrunup Project
Toolbrunup Project For personal use only • Similar scale and style of magnetic anomaly to Gonneville/Julimar intrusion • Similar PGM and base metal anomalism in regolith Simple and low cost 20 km • 20 km geological, geochemical and geophysical evaluation • Land access discussions underway, reconnais
Slide 19: Mt William
Mt William Option and Farm-in JV with Round Oak Minerals For personal use only CVV managing and earning 51% • Very prominent large (3.5km strike) magnetic feature • Located 110km south of Perth • EL application E70-2338 • Located in State Forest, previously logged • No conservation areas or reserves
Slide 20: Mt William
Mt William • Large magnetic feature Comparison of airborne magnetics at the Mt William (left) and Gonneville (right) intrusives For personal use only consistent with layered mafic at the same scale (TMI, RTP magnetic image, GSWA) intrusive • Apparent chonolith body with discrete layering • Over 3.5k
Slide 21: Set to become a long-life, low-cost, low-risk copper producer
The Caravel Copper Project is a company making project For personal use only Set to become a long-life, low-cost, low-risk copper producer PFS on track to complete in 2021 Significant upside - all deposits remain open at depth and have potential for significant expansion as new deposit models
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