Caravel Minerals Limited · ASX:CVV
Caravel Minerals — Investor Presentation (November 2021)
18 slides from Caravel Minerals's investor presentation, Nov 23, 2021
Slide 1: Caravel Presentation – Copper Day Event
ASX:CVV 23 November 2021 CARAVEL PRESENTATION – COPPER DAY EVENT Caravel Minerals Limited (the “Company”) (ASX: CVV) is pleased to advise Executive Director Alasdair Cooke will present an investor presentation at ASX Investor Copper Day to be held in Perth today (23 November 2021). A copy of the pre
Slide 2: ASX Investor Conference Copper Investor Day
ASX INVESTOR CONFERENCE CARAVEL COPPER INVESTOR DAY ALASDAIR COOKE - EXECUTIVE DIRECTOR PERTH 23 NOVEMBER 2021 caravelminerals.com.au
Slide 3: Disclaimer
Disclaimer This presentation should be considered in its entirety. If you do not understand the material contained in this presentation, you should consult your professional advisers. The sole purpose of this presentation is to provide shareholders with an update on current activities of the Company
Slide 4: Largest undeveloped copper resource in Australia
Largest undeveloped copper resource in Australia 1.18 Billion tonnes @ 0.24% Cu and 48 ppm Mo 2.84 Mt contained copper (0.1% Cu cut-off) Cu Cut-off (%) Mt Cu (%) Mo (ppm) Cu (t) 0.10 1,180.6 0.24 48 2,843,700 0.15 874.9 0.28 57 2,457,200 0.20 678.7 0.31 64 2,116,600 0.25 481.2 0.35 71 1,671,600 0.30
Slide 5: 2 hours from Perth
2 hours from Perth Key elements for simple project • 2 hours from Perth – convenient for services and workforce • 12km from Wongan Hills – regional centre • Heavy haulage road access direct from site to Bunbury port • Grid power • Optic fibre communications link • Cleared freehold land, Native Title
Slide 6: In a world class terrane
In a world class terrane South West Yilgarn Terrane Relatively unexplored terrane, host to some of Australia’s largest and most important mineral discoveries: • Boddington - Australia’s largest gold mine (+20M oz Au) • Greenbushes – World’s largest hard rock Li mine (8Mt LCE) • Julimar - Australia’s
Slide 7: November 2021 Scoping Study
November 2021 Scoping Study 2021 Scoping Study confirms strong economics • 28 year mine life • ~35Kpta copper (in concentrate) years 1 - 5 ~55Ktpa copper (in concentrate) year 6 - 28 • ~$1.44b NPV (base case) @ 7% discount rate Upside from new resource, grade streaming in mine schedule and further c
Slide 8: Scale and simplicity are the key to low cost
Scale and simplicity are the key to low cost • Conventional open-pit, very low-strip, bulk mining, wide ore zones • >100Mt Measured Resource – low risk • First 5 years – access 59Mt higher-grade ore at 0.4:1 strip ratio • Good metallurgy and high recoveries • Standard crush - grind (SABC) – float –
Slide 9: Costs - 2021 Scoping Study
Costs - 2021 Scoping Study Processing $6.70 t/ore Total $14.42 t/ore Contract Mining $6.15 t/ore ($2.93 t @ 1:1 strip ) 6% 4% 5% Processing 45% Mining 40% 26% 7% 7% www.caravelminerals.com | 8
Slide 10: Costs – Caravel advantages
Costs – Caravel advantages Substantial cost savings from grid power and low-strip ratio • ½ mining cost compared to 3:1 strip ratio 1/ • 3 power costs compared to off-grid 4% If off-grid 6% 5% power Processing 45% If 3:1 strip Mining 26% ratio 40% 7% 7% www.caravelminerals.com | 9
Slide 11: Costs – opportunities for further reductions
Costs – opportunities for further reductions Investigating savings from owner mining and proven ‘ACE’ technology + strong ESG benefits 4% 6% Automation, 5% Communication Processing Owner Mining & Electrification 45% Vendor finance & 26% Mining maintenance 40% 7% 7% www.caravelminerals.com | 10
Slide 12: Over 100% growth copper tonnes
Over 100% growth copper tonnes Drilling = Tonnes 2016 Maiden Resource 2019 Resource 2021 Resource 2021 Resource • 1.4Mt contained copper • 32% increase in contained • 32% increase in contained • 53% increase in contained at 0.15% cut-off copper at 0.15% cut‐off copper at 0.15% cut-off copper at 0.10
Slide 13: Bindi East Limb higher-grade
Bindi East Limb higher-grade 1 1 2 3 2 3 www.caravelminerals.com | 12
Slide 14: Many opportunities to keep growing resource
Many opportunities to keep growing resource Over 30km strike of mineralisation • Numerous mineralised prospects • Targeting model improving • Opportunity for higher-grade targets www.caravelminerals.com | 13
Slide 15: Timeline to FID 2024
Timeline to FID 2024 www.caravelminerals.com | 14
Slide 16: PFS on track – preparing for DFS in 2022
PFS on track – preparing for DFS in 2022 DONE DONE ON TRACK Ausenco appointed lead New Mineral Project PFS - early 2022 engineer Resource delivered PFS progressing on schedule Revised 2021 Scoping Study Preparation underway for DFS released 53% increase to 2.84Mt www.caravelminerals.com | 15
Slide 17: ASX:CVV
ASX:CVV caravelminerals.com.au
Slide 18: Corporate snapshot
Corporate snapshot Capital Structure Ownership Analysis ASX ticker CVV Share price (17 November 2021) 38.5c Shares on issue 390M Unlisted options (8-75c strike) 21M Market capitalisation (undiluted) $150M Cash (30 September 2021) $9.7M Debt Nil Twelve-month Share Price Performance Cu price
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