Caravel Minerals Limited · ASX:CVV
Caravel Minerals — Investor Presentation (June 2017)
19 slides from Caravel Minerals's investor presentation, Jun 8, 2017
Slide 1: Investor Presentation
For personal use only Investor Presentation ASX: CVV June 2017
Slide 2: Company Highlights
Company Highlights For personal use only Rapidly advancing Calingiri Copper-Molybdenum Project in W.A. - Large Resource (April 2016): Maiden JORC Mineral Resource estimate released, 1.4Mt Cu - Scoping Study (June 2016): Confirmed potential as a low-cost mid-tier producer with low Capex and robust ec
Slide 3: Corporate Snapshot
Corporate Snapshot For personal use only Capital Sanctuary Victoria Pty 9.5% 68 M Copulos Group 9.1% Shares Outstanding^: First Quantum Minerals 8.8% Options Listed: 0M NESTOR Investment 5.1% Unlisted: 11 M Newstead Holdings 4.5% Waratah / Taylor 3.7% Poustie Group 3.7% Cash^: $0.6 M Hilmer Group 3.
Slide 4: 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 5: Scoping Study Key Findings
Scoping Study1 Key Findings 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 $520m
Slide 6: Scoping Study Mining & Production
Scoping Study Mining & Production For personal use only 40 2 Total Tonnes Mined 1.8 35 1.6 30 1.4 25 1.2 Total Tonnes 20 1 0.8 15 0.6 10 0.4 5 0.2 - 0 Bindi West Stage 1 Bindi West Stage 2 Bindi East Stage 1 Bindi East Stage2 Dasher Stage 1 Dasher Stage 2 Opie Strip Ratio 45 0.400 Production Cu /Kt
Slide 7: Scoping Study Sensitivities
Scoping Study Sensitivities For personal use only 1000.0 $3.30 $3.03 800.0 $1.40 $1.30 $440m 600.0 $490m $360m $530m $400m NPV US$/M $1.50 400.0 $1.60 $1.70 $2.75 $2.48 200.0 $2.20 0.0 -200.0 -20% -10% Base 10% 20% Cu Price $/lb Capital Costs $m Cash Costs (C1) $/lb • Economic outcomes are robust •
Slide 8: Calingiri Pit Shells
Calingiri Pit Shells For personal use only Dasher oblique with Cu>0.2% Bindi oblique with Cu>0.2% Low cost open pit mining Low strip ratio: < 1:1 Two major pits situated close to the proposed plant Opie oblique with Cu>0.2% Caravel Minerals Limited (ASX:CVV) | Investor Presentation | June 2017 8
Slide 9: CAPEX & Process Plant Flowsheet
CAPEX & Process Plant Flowsheet For personal use only Based on a well understood and proven SAG/ball mill circuit Capital Items Est. Cost PEBBLE +/- 30% A$/M CRUSHER CRUSHED ORE SAG MILL Process plant, first fill & spares 250 GYRATORY STOCKPILE CRUSHER CYCLONE CLUSTER BALL MILL Mining capital & pre-
Slide 10: Operating Costs (C1 & C3)
Operating Costs (C1 & C3) For personal use only C1 Cost C3 Cost $0.01 $1.50/lb $0.33 $1.82/lb $0.07 $0.25 $0.63 $(0.53) $0.05 $0.98 $0.03 $1.50 Mining Processing C1 Cost Royalties Depreciation Other G&A Insurance & Management Moly / Silver / Gold Credit Treatment and Realization Charges Cost Cost Co
Slide 11: Infrastructure
Infrastructure For personal use only Summary Area Status Buildings Build requirements detailed and costed ü Power Supply External report completed and costed ü Abundant water within both a perched water table and Water Supply bedrock aquifers. Hydrogeological investigations underway ü Sealed roads a
Slide 12: Global Comparable Copper Studies
Global Comparable Copper Studies For personal use only Red Hawk Caravel Hot Chili Resources Altona Avalon Units Minerals Productora Copper Little Eva Viscaria Calingiri Creek Market Capitalisation A$M $4 $20 $6 $54 $6 Study SS PFS SS FS SS Location Australia Chilli USA Australia Sweden Key Findings
Slide 13: Calingiri Roadmap
Calingiri Roadmap For personal use only June 2017 H2 2017 Pre-Feasibility Study Q1 2017 Discovery of four Q2 2016 new copper Scoping anomalies Study Q1 2016 Maiden Resource A history of achieving significant milestones Q2 2015 Exploration Delivering on time and within budget Targets Long-term focus
Slide 14: 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 15: 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 16: Calingiri Investment Profile
Calingiri Investment Profile For personal use only Vast potential for tonnes and grade growth in 2017 Ideal location – infrastructure – local workforce Scoping Study: Open pit mine – low cost – low strip – robust economics Metallurgical recoveries - >90% Cu and Mo No native title and low environment
Slide 17: 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: Bridge Street Capital Partners Telephone: +61 2 9002 5415 KPMG Corporate Finance’s Mining M&A te
Slide 18: 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 19: Appendix: Australian Portfolio
Appendix 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% Copper, Gold, BRYAH Granted WA, Australia 1 tenement – 92.5% 123 Manganese Options: 1 June 2017 Sta