Caravel Minerals Limited · ASX:CVV
Caravel Minerals — Investor Presentation (November 2015)
26 slides from Caravel Minerals's investor presentation, Nov 16, 2015
Slide 1: A compelling growth story in Australian copper
For personal use only A compelling growth story in Australian copper Investor Presentation – November 2015 Marcel Hilmer, CEO ASX: CVV
Slide 2: Disclosure and Disclaimer
Disclosure and Disclaimer Exploration Targets Cut-off grades Cu Tonnage Range (Mt) Cu Range (%) Mo Range (ppm) Ag Range (ppm) Au range (ppb) CuEq (%) For personal use only On 9 April 2015 Caravel upgraded the Exploration Target for Calingiri to: (%) 0.2% 435 – 460 0.30 – 0.32 58 – 63 1.6 – 1.7 31 –
Slide 3: Overview
Overview For personal use only • Cornerstone asset: Calingiri Copper- Molybdenum Project, WA – a globally significant copper discovery • Tier-1 partner: leading international miner First Quantum Minerals (FQM) • Exploration funding: secured for next 2 years via FQM A$3.6M farm-in • Drilling: extensi
Slide 4: Capital Structure
Capital Structure For personal use only Caravel Minerals Major Shareholders^: Shares Outstanding^: 48.6 M Options Listed: 7.6 M Kingsgate Consolidated 12.6% Unlisted: 12.7 M First Quantum Minerals 12.3% Healy Robert Anthony 4.4% Cash*: $1,084 K Share Price^: $0.11 M & C Hilmer Group 4.3% 12 months r
Slide 5: Calingiri and First Quantum Minerals Farm-In
Calingiri and First Quantum Minerals Farm-In For personal use only FQM • One of the largest global producers of copper with a market cap >A$6b (FM:TSX) • Operating seven mines and developing five bulk tonnage projects worldwide • Producing copper, nickel, gold, zinc and platinum group metals across
Slide 6: Calingiri, WA
Calingiri, WA For personal use only 30 Km Target Trend • 3 Exploration Targets • 7 major drilled prospects and extensive well-defined undrilled priority targets A Significant New Mineralised District within the Yilgarn: a 90 minute drive from Perth Investor Presentation | November 2015 | Page 6
Slide 7: Calingiri: rapidly growing large tonnage copper-molybdenum system
Calingiri | A rapidly growing large tonnage, disseminated style, primary copper-molybdenum sulphide system For personal use only Exploration Targets 0.2% Cut-off: 435 – 460 Mt @ 0.35 – 0.37% CuEq: ~1.4Mt Cu 0.3% Cut-off: 275 – 335 Mt @ 0.41 – 0.43% CuEq: ~1.2Mt Cu Broad intersections of copper-molyb
Slide 8: Bindi Exploration Target
Bindi Exploration Target August 2015 For personal use only Investor Presentation | November 2015 | Page 8
Slide 9: Bindi Exploration Target
Bindi Exploration Target Current Drilling Program (ASX Release: 16 November 2015) For personal use only The balance of the planned Bindi RC drilling should be completed in Q1 2016 following which an initial JORC Resource will be estimated as part of the planned Scoping Study. Investor Presentation |
Slide 10: Dasher Exploration Target
Dasher Exploration Target For personal use only Investor Presentation | November 2015 | Page 10
Slide 11: Opie Exploration Target
Opie Exploration Target For personal use only Investor Presentation | November 2015 | Page 11
Slide 12: Dasher Exploration Target - Core
Dasher Exploration Target - Core For personal use only Diamond core hole demonstrates prospective style of copper – molybdenum mineralisation Investor Presentation | November 2015 | Page 12
Slide 13: Exploration Programs
Exploration Programs For personal use only Priority Targets • Extensive 8,800m RC and 4,500m aircore drilling program over untested copper trend in progress • Three extension target zones • Seven RC drilling targets Fully funded exploration programs in 2015/16 will substantially progress the project
Slide 14: Calingiri: Global Comparable Mines and Exploration Projects
Calingiri: Global Comparable Mines and Exploration Projects For personal use only The Calingiri Project tonnes and grade are based on a mid-point derived from the previously released Exploration Targets and other company mine data is from publicly available information. CuEq grades are after recover
Slide 15: Calingiri | Consolidated Exploration Target
Calingiri | Consolidated Exploration Target For personal use only Copper Mine: Bulk Tonnage Requirements1 Development & production PFS/ Feasibility Consolidated Exploration Target Tonnage CuEq Preliminary economics Nominal Cu (%) cog Range (Mt) (%) Resource definition warranted 0.2 435 - 460 0.35 -
Slide 16: Calingiri: A Compelling Australian Copper-Molybdenum Project
Calingiri: A Compelling Australian Copper-Molybdenum Project For personal use only • Global major, FQM, a cornerstone investor and funding in place for 2 years exploration • Similar deposits economically mined globally including North and South America • Ideally located 120km north of Perth. Establi
Slide 17: Other Projects – Wynberg and Bryah
Other Projects – Wynberg and Bryah For personal use only Wynberg (100%) is a Cloncurry style Bryah (97.5%) is located ~80km north of copper-gold system with high grade Meekatharra – 60km south-west of the outcropping mineralisation Degrussa Copper-Gold Deposit Three Significant Prospects with Furthe
Slide 18: Caravel Project Schedule
Caravel Project Schedule For personal use only Fully-funded work programs, strong news flow, multiple price catalysts Investor Presentation | November 2015 | Page 18
Slide 19: A Very High Quality Leadership Team
A Very High Quality Leadership Team For personal use only MARCEL HILMER, CEO and Executive Director 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 public and private g
Slide 20: Investment Summary
CARAVEL An emerging growth story with compelling projects in WA and QLD INVESTMENT For personal use only Calingiri: SUMMARY • Globally comparable to existing mines and projects • Three large Exploration Targets • Ideal location • Low mining costs • No native title • Strong farm-in partner • Signific
Slide 21: 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: Rod Clarkson Palladion Partners Telephone: +61 2 9002 5415 Investor Presentation | November 2015
Slide 22: Appendices: Australian Portfolio
Appendices: Australian Portfolio For personal use only Projects Status Target Location Holding Area (km2) Copper, Gold, 18 tenements – 100% CALINGIRI Granted WA, Australia 1048.8 Molybdenum 1 tenement – 80% WYNBERG Granted Gold, Copper QLD, Australia 2 tenements – 100% 83.5 Copper, Gold, 1 tenement
Slide 23: Calingiri Broad Intersections of Copper-Molybdenum-Silver-Gold
Calingiri Broad Intersections of Copper- Molybdenum-Silver-Gold For personal use only Interval Hole Id Prospect From (m) Width Cu (%) Mo (ppm) Ag (ppm) Au (PPb) CuEq (%) 14CARC023 Bindi 26 94 0.31 71 0.7 22 0.36 14CARC032 104 78 0.36 96 2.08 61 0.46 14CARC037 36 62 0.41 116 2.01 10 0.48 15CARC007 36
Slide 24: Options Summary
Options Summary: As at 13 November 2015 For personal use only Listed/ Unlisted Mn Exercise Price Expiry Date Listed 7.57 $0.770 31/05/2016 Unlisted 0.90 $2.200 26/03/2016 Unlisted 0.03 $0.460 16/10/2016 Unlisted 3.80 $0.770 31/12/2016 Unlisted 2.52 $0.440 16/10/2016 Unlisted 5.26 $0.290 31/01/2017 U
Slide 25: Calingiri: Exploration Targets
Calingiri: Exploration Targets For personal use only Dasher Caravel initially referred to the Dasher Exploration Target in its release of 10 July 2013 (subsequently modified on 2 August 2012) – Exploration Confirms Significant Potential of Calingiri Copper-Molybdenum Project. In a subsequent release
Slide 26: Calingiri: Exploration Targets (Con't)
Calingiri: Exploration Targets (Con’t) For personal use only Opie The Opie mineralisation is developed within a consistent gneissic unit between 50 - 150m thick and dipping at approximately 35-45 degrees to the north has been intersected over a strike length of over 200m, from near surface to a vert
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