Caravel Minerals Limited · ASX:CVV
Caravel Minerals — Investor Presentation (January 2018)
21 slides from Caravel Minerals's investor presentation, Jan 22, 2018
Slide 1: Investor Presentation: Calingiri
Investor Presentation Caravel Minerals Limited (ASX:CVV) | 22 January 2018 For personal use only CALINGIRI Advancing a World Class Scale Copper Project with Proven Bulk Ore Sorting Technologies
Slide 2: Company Highlights
Company Highlights For personal use only Rapidly advancing Calingiri Copper-Molybdenum Project in W.A. (100%): Large Resource (April 2016): Maiden JORC Mineral Resource estimate released, ~1.4Mt Cu Bulk Ore Sorting (Jan 2018): Successful testwork confirms potential for major project upgrade. Phase 2
Slide 3: Corporate Snapshot
Corporate Snapshot For personal use only Shares Outstanding^: 117 M Copulos Group 7.0% AFR Australia Pty Ltd 6.4% Options Listed: 0M Capital Sanctuary Victoria Pty 5.8% Unlisted: 37 M T Poustie Group 5.6% M Hilmer Group 5.6% Cash^: $1.9 M Hartree PL 5.3% BNP Paribas 4.1% Debt^: Nil J P Morgan 3.9% S
Slide 4: Ore Sorting Results Exceed Expectations
Ore Sorting Results Exceed Expectations1 For personal use only Successful ore sorting testwork with potential for major project upgrade: Copper grades were beneficiated by an average of 81% (Molybdenum 111%). The highest sample product increase in overall grade of 139% resulted in an encouraging 71%
Slide 5: Bulk Ore Sorting Outcomes and Benefits
Bulk Ore Sorting Outcomes and Benefits For personal use only Consolidated Pro-Rata Contribution Beneficiated Increase in Reduction in Sorted Samples Cu Grade Cu Grade Ore Feed 5% product sensitivity 0.44% 83% 58% Beneficiated Increase in 10% product " " 0.53% 139% 71% High-Grade Sorted Samples Grade
Slide 6: Bulk Ore Sorting: Proven Technology
Bulk Ore Sorting: Proven Technology For personal use only There are a significant number of global suppliers of sorting technology solutions. Caravel are considering a number of suppliers including TOMRA which is a leading global group with over 3,500 employees and an annual turnover in 2016 was A$1
Slide 7: Calingiri JORC Resource
Calingiri JORC Resource For personal use only Consolidated Indicated and Inferred Resource Estimate (0.25% Cut-off) Classification Tonnes (MT) Cu % Cu Eq % * Cu Metal (T) Indicated 187 0.34 0.38 626,300 Inferred 64 0.34 0.38 218,000 Total 251 0.34 0.38 844,300 Grade / Contained Copper Curve 1,600,00
Slide 8: Scoping Study Key Findings
Scoping Study1 Key Findings2 For personal use only o Capital cost $440m o Throughput 15 Mtpa (21 Yrs) o Opex - Lom $1.50/lb o Ore treated 310mt o Opex – 1st 5 Yrs $1.40/lb Capex / Mine / o Recoveries 92% Opex Plant o Cu US$2.75/lb (FX A$0.72) o Strip ratio 1:1 o Cu 710kt LoM (92% Revenue) o NPV $520
Slide 9: Infrastructure
Infrastructure For personal use only Summary Area Status Buildings Build requirements detailed and costed ü Power Supply External report completed and costed ü Potential water resources within both a perched water Water Supply table, palaeochannel and bedrock aquifers. Hydrogeological investigations
Slide 10: Global Comparable Copper Studies
Global Comparable Copper Studies For personal use only Red Hawk Caravel Minerals Hot Chili Sunstone Metals Units Altona Little Eva Resources Copper Calingiri Productora Viscaria Creek Market Capitalisation A$M $6 $77 $19 $5 $40 Study SS FS PFS SS SS Location Australia Australia Chile USA Sweden Key
Slide 11: Calingiri Roadmap
Calingiri Roadmap For personal use only Jan 2018 2018/19 Milestones Q4 2017 Bulk ore testwork Q1 2017 (Completed) Discovery of four new copper Q2 2016 anomalies Forward Work Programs Scoping Study Bulk Ore Sorting Testwork (Phase 2) Q1 2016 Metallurgical Floatation Maiden Drilling Programs Resource
Slide 12: Calingiri Forward Programs 2018
Calingiri Forward Programs 2018 For personal use only Timing Forward Work Programs Milestone A significantly greater level of confidence that the bulk ore sorting technology (TOMRA) will achieve at Q1 2018 Bulk Ore Sorting Testwork (Phase 2) least the increased grades as previously reported Review a
Slide 13: The Smart Money is on Copper
The Smart Money is on Copper For personal use only Demand Up Used in nearly every major industry of the world End Use by Market: AME Supply Demand by Region: UBS Risks Production delays, lack of major discoveries and mothballing of projects China Growth Supply by Region: UBS, AME WBMS Driving the re
Slide 14: 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 15: Calingiri Investment Profile
Calingiri Investment Profile For personal use only Ore sorting beneficiation - potential for material economic improvements Scoping Study (update in progress to reflect the improvements from bulk ore sorting testwork) Open pit mine - low cost - low strip - robust economics - recoveries >90% Ideal lo
Slide 16: Contact Information
For personal use only Contact Information 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: Fivemark Partners Lee Bowers (M): +61 407 421 998 Caravel Minerals Limited (ASX:CVV) | Investor
Slide 17: Disclosures and Disclaimer
Disclosures and Disclaimer Disclaimer For personal use only The presentation materials (and the contents of the presentation) are for information purposes only and do not constitute an offer or invitation to subscribe for or purchase any securities, and neither the presentation materials nor anythin
Slide 18: Appendices: Australian Portfolio
Appendices For personal use only Australian Portfolio Projects Status Target Location Holding Area (km2) Copper, Gold, 15 tenements – 100% CALINGIRI Granted WA, Australia 750 Molybdenum 1 tenement – 80% Options: 19 Jan 2018 Status Mn Exercise Price Expiry Date Unlisted 9.7 $0.12 15/12/18 ““ 1.4 $0.0
Slide 19: Bulk Ore Sorting Outcomes
Bulk Ore Sorting Outcomes For personal use only Caravel Minerals Limited (ASX:CVV) | Investor Presentation | Jan 2018 19
Slide 20: Calingiri Ore Sorting Highlights
Calingiri Ore Sorting Highlights For personal use only Calingiri’s representative bulk ore sorted material copper grades were beneficiated by an average of 81%. The highest sample product increase in overall grade of 139% resulted in an encouraging 71% reduction in feed with only a 34% deferral or l
Slide 21: Calingiri Pit Shells
Calingiri Pit Shells For personal use only Dasher oblique with Cu>0.2% Bindi oblique with Cu>0.2% Low cost open pit mining Low strip ratio: < 1:1 Two major pits situated close to the proposed plant Opie oblique with Cu>0.2% Caravel Minerals Limited (ASX:CVV) | Investor Presentation | Jan 2018 22
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