Caravel Minerals Limited · ASX:CVV
Caravel Minerals — Investor Presentation (January 2016)
25 slides from Caravel Minerals's investor presentation, Jan 19, 2016
Slide 1: A compelling growth story in Australian copper
For personal use only A compelling growth story in Australian copper Investor Presentation January 2016 Marcel Hilmer, CEO ASX: CVV
Slide 2: Disclosure's and Disclaimer
Disclosure's and Disclaimer Exploration Targets Cut$off'grades' Cu' Tonnage' Range'(Mt)' Cu'Range'(%)' Mo'Range' (ppm)' Ag'Range' (ppm)' Au'range' (ppb)' CuEq'' (%)' (%)' On 9 April 2015 Caravel upgraded the Exploration Target for Calingiri to: For personal use only 0.2%% 435%–%460' 0.30%–%0.32% 58%
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:TX) • Exploration funding: in place until 2017 with FQM A$3.6M farm-in • Drilling: extensiv
Slide 4: Capital Structure
Capital Structure For personal use only Caravel Minerals Major Shareholders^: Shares Outstanding^: 48.6 M Kingsgate Consolidated 12.6% Options Listed: 7.6 M First Quantum Minerals 12.3% Unlisted: 12.7 M Healy Robert Anthony 4.4% Cash*: $1,084 K M & C Hilmer Group 4.3% Share Price^: $0.09 T & R Poust
Slide 5: Calingiri and First Quantum Minerals
Calingiri and First Quantum Minerals For personal use only FQM - Large global copper producer: market cap ~A$3b (FM:TSX). Operating seven mines and developing five bulk tonnage projects in Zambia, Peru, Argentina and Panama Farm-In Farm-In 1st Phase - $1.2m 2nd Phase - +$2.4m 2014/15 11/2015 ~3/2016
Slide 6: Calingiri, WA
Calingiri, WA For personal use only 30 Km Target Trend • 206 holes & 34,000m drilled to date • 3 JORC Exploration Targets • Initial Resource estimate March 2016 • 7 major drilled prospects and extensive well-defined undrilled priority targets A Significant New Mineralised District, a 90 minute drive
Slide 7: Calingiri: A 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 open copper-
Slide 8: Bindi Exploration Target
Bindi Exploration Target 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 | January 2016 | Page 8
Slide 9: Bindi Exploration Target holes – 15,600m
Bindi Exploration Target 93 holes – 15,600m Current Drilling (ASX Release: 19 January 2016) For personal use only The balance of the planned Bindi RC drilling should be completed in early February 2016. An initial JORC Resource will be estimated by CSA Global late in Q1 2016 and following a Scoping
Slide 10: Dasher Exploration Target holes – 5,200m
Dasher Exploration Target 28 holes – 5,200m For personal use only Investor Presentation | January 2016 | Page 10
Slide 11: Opie Exploration Target holes – 4,400m
Opie Exploration Target 31 holes – 4,400m For personal use only Investor Presentation | January 2016 | 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 | January 2016 | 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 Investor Presentation | January 2016 | Page 13
Slide 14: Global Comparable Mines and Exploration Projects
Global Comparable Mines and Exploration Projects For personal use only 1200 0.53 0.60 0.49 0.46 0.46 0.47 1000 0.50 0.42 0.42 0.37 0.36 0.35 800 0.34 0.40 600 0.30 400 0.20 200 0.10 0 0.00 Exploration Stage: Mt Mines: Mt Cu Eq. % The Calingiri Project tonnes and grade are based on a mid-point derive
Slide 15: Calingiri: Consolidated Exploration Target
Calingiri: Consolidated Exploration Target For personal use only Copper Mine: Bulk Tonnage Requirements1 Development & production PFS/ Feasibility Preliminary economics Resource definition warranted Exploration justified Initital discovery Greenfield 0 50 M/ Tonnes 100 150 200 250 300 350 400 450 1-
Slide 16: Calingiri Roadmap
Calingiri Roadmap For personal use only Q2 16 Scoping Study Q1 16 Q1 16 Maiden Nov 15 Drilling Resource Apr 15 Earn-In Results Exploration FQM Targets January 16 Investor Presentation | January 2016 | Page 16
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: A Very High Quality Leadership Team
A Very High Quality Leadership Team For personal use only MARCEL HILMER, CEO and Executive Director Mr Hilmer is a 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 publi
Slide 19: Caravel: Investment Summary
Caravel: Investment Summary Calingiri Project For personal use only Strong funding partner - FQM Ideal location –infrastructure – local workforce Open pit mine – low cost – low strip Metallurgical recoveries - >90% Cu >80% Mo No native title or environmental issues Investor Presentation | January 20
Slide 20: 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 | January 2016
Slide 21: 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 22: 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 (%) 14CARC060 Bindi 160 26 0.47 45 1.1 25 0.51 14CARC032 104 78 0.36 96 2.08 61 0.46 14CARC037 36 62 0.41 116 2.01 10 0.48 15CARC007 3
Slide 23: Options Summary: January 2016
Options Summary: 19 January 2016 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 Unlisted
Slide 24: Calingiri: Exploration Targets
Calingiri: Exploration Targets For personal use only Bindi The Bindi W est min eralisation (w estern limb of the fold struc tu re), is dev eloped within a v ery consisten t gn eissic unit betw een 150 - 200m thick and dipping at app roximately 35-45 deg rees to the wes t has b een inters ected ov er
Slide 25: Calingiri: Exploration Targets (Con't)
Calingiri: Exploration Targets (Con’t) For personal use only Opie The Opie mineralisation is dev eloped within a consisten t gn eissic unit betw een 50 - 150m thick and dipping at approxim ately 35-45 deg rees to th e north has been inters ec ted ov er a s trik e len gth of o ver 200m, from near sur
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