Caravel Minerals Limited · ASX:CVV
Caravel Minerals — Investor Presentation (February 2021)
23 slides from Caravel Minerals's investor presentation, Feb 24, 2021
Slide 1: Investor Presentation February 2021
For personal use only Investor Presentation 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 securities in
Slide 3: Corporate Overview
Corporate Overview For personal use only Capital Structure ASX ticker CVV Share price (19 February 2021) 18.5c Chart Title Shares on issue 290M Cooke Unlisted options (8-10c strike) 22M 7.8% African Energy Market capitalisation (diluted) $56M 5.4% Glenvar 4.5% Cash (4 February 2021) ~$3.4M Orbit 4.0
Slide 4: Experienced Team
Experienced Team 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 development and mining in Australia and construction. Prior e
Slide 5: Strategy
Strategy • Advance the Caravel Copper Project For personal use only – 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 Deposit – Early mover a
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 • Expect to report new resources Q3 2021 8
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 c
Slide 11: Simple & standard operation
Simple & standard 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 with sm
Slide 12: Numerous cost benefits from good location
Numerous cost benefits from good location • Grid connection - low power cost, access to renewable energy For personal use only • Situated next to existing major road infrastructure • Close to services and suppliers – low transport costs • Two options for export through existing ports – Bunbury or Ge
Slide 13: Pre-Feasibility Study
Pre-Feasibility Study PFS underway – completion planned late 2021 For personal use only • Additional drilling and updated JORC resource (expected in Q3 2021) • Geotechnical assessment • Revised pit optimisation, mine design and schedule and reserve statement • Detailed metallurgical and comminution
Slide 14: PFS work program and schedule
PFS work program and schedule For personal use only 14
Slide 15: Greenfields Exploration
For personal use only Greenfields Exploration 15
Slide 16: South West Yilgarn Terrane
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 17: Regional Soil Chemistry Database
Regional Soil Chemistry Database • ~250,000 sample points For personal use only • ~100,000 collected by Dominion from 1998 – 2011 by sampling along public roads • Main focus was gold, Caravel was surprise discovery • Copper deposits were spun out into Caravel after the Kingsgate takeover of Dominion
Slide 18: 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 19: Toolbrunup Project Ni-Cu-PGM
Toolbrunup Project Ni-Cu-PGM • 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 air
Slide 20: Toolbrunup Project Ni-Cu-PGM
Toolbrunup Project Ni-Cu-PGM 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 geological, geochemical and geophysical 20 km 20 km evaluation • Land access discussions underway,
Slide 21: Mt William Option-JV Ni-Cu-PGM
Mt William Option-JV Ni-Cu-PGM • 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 conse
Slide 22: Mt William Option-JV Ni-Cu-PGM
Mt William Option-JV Ni-Cu-PGM • 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
Slide 23: Caravel Copper Project - a company making project
Caravel Copper Project - a company making project Set to become a long-life, low-cost, low-risk copper For personal use only • producer • PFS on track to complete in 2021 • Significant upside - all deposits remain open at depth and potential for significant expansion • One of very few large Cu proje
Caravel Minerals — Investor Presentation (February 2021) on 6ix