Caravel Minerals Limited · ASX:CVV
Caravel Minerals — Investor Presentation (June 2021)
16 slides from Caravel Minerals's investor presentation, Jun 15, 2021
Slide 1: Investor update
Investor update 15 June 2021 www.caravelminerals.com 1
Slide 2: Disclaimer
Disclaimer Cautionary Statement 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 Caravel or as an indu
Slide 3: Corporate overview
Corporate overview Capital Structure Ownership Analysis ASX ticker CVV Share price (14 June 2021) 59.0c Management Shares on issue 348M 9.2% African Unlisted options (8-75c strike) 38M Energy 4.4% Market capitalisation (undiluted) $205M Cash (14 June 2021) $7.7M Glenvar Debt Nil 4.3% Three-month Sha
Slide 4: Copper: a stable, high-demand commodity for a clean energy future
Copper: a stable, high-demand commodity for a clean energy future Today’s copper price 2019 Scoping Study based on $US3.00/lb $US4.54/lb Source: Market Index https://www.marketindex.com.au/copper 4 www.caravelminerals.com
Slide 5: Caravel Copper Project - a large-scale, long life and simple project
Caravel Copper Project - a large-scale, long life and simple project • One of Australia’s largest undeveloped copper projects • Mineral Resource 662 Mt @ 0.28% Cu (0.15% Cu cut-off), for 1.86 Mt contained Cu with potential to grow • Excellent metallurgy, coarse grained chalcopyrite ~ 92% Cu recoveri
Slide 6: Caravel Copper Project – key attributes
Caravel Copper Project – key attributes Mining Low strip ratio, simple Methodology open-pit bulk mining Simple metallurgy, Processing Strategy conventional standard process flow-sheet Excellent recoveries for a Production Profile clean, readily marketable concentrate www.caravelminerals.com 6
Slide 7: Caravel Copper Project Mineral Resource estimate - 2019
Caravel Copper Project Mineral Resource estimate - 2019 Schematic cross section of the Bindi copper deposit showing interpreted mineralised fold hinge and drilling intersections. 7 www.caravelminerals.com
Slide 8: Resource Upside – Extending and expanding Bindi deposit
Resource Upside – Extending and expanding Bindi deposit Large drilling program to extend resource at depth and define higher grade zones • ~5,000 metres diamond drilling, ~9,000 metres of RC percussion drilling since Dec 2020 • Exploration Target for 150,000 to 250,000 tonnes contained copper below
Slide 9: Bindi Deposit - Drilling highlights wide zones of mineralisation
Bindi Deposit - Drilling highlights wide zones of mineralisation • Diamond and reverse circulation (RC) drilling underway at Bindi in 2021 • Wide zones of mineralisation at Bindi Hinge zone and Bindi East limb • Best results including: • 21CARC037 – 164m @ 0.38% Cu • 21CARC053 – 108m @ 0.55% Cu inc.
Slide 10: Bindi Hinge and East Limb infill drilling underway
Bindi Hinge and East Limb infill drilling underway • Results at grades significantly better than previous modelling • 10,000m RC percussion infill drilling commenced • Resource estimate update due Q3 2021 • Higher-grade zones in early mine schedule have major upside for project economics 10 www.cara
Slide 11: Dasher Deposit – Results indicate potential resource extension
Dasher Deposit – Results indicate potential resource extension • Results from Dasher South indicate potential for resource extension: • 21CARC030 – 56m @ 0.34% Cu • 21CARC031 – 6m @ 0.46% Cu 10m @ 0.35% Cu • 21CARC032 – 32m @ 0.38% Cu 4m @ 0.40% Cu • Other results confirm continuity of mineralised z
Slide 12: Caravel Project Pre-Feasibility Study on track
Caravel Project Pre-Feasibility Study on track Resource update commenced • Resource update to include latest drilling results, expected Q3 2021 • Project PFS to be based on updated resource Project PFS work commenced – due early 2022 • PFS fully funded • Experienced management team developing the pr
Slide 13: WA exploration projects – Mt William & Toolbrunup
WA exploration projects – Mt William & Toolbrunup Mt William Ni-Cu-PGM Project Toolbrunup Ni-Cu-PGM Project • 3.5 km long prominent magnetic • Large magnetic anomaly over 15km strike feature, 100 km southeast of Perth, WA • 100 km north of Albany, WA • South West Yilgarn Terrane setting • Intrusive
Slide 14: Project development team
Project development team Board and Management Senior board executive with 35 years 30+ years experience in mineral exploration, Wayne Trumble industry expertise in mining, electricity, Lachlan Reynolds project development and mining in Australia Non-Executive investment and construction. Prior GM Ex
Slide 15: Investing in Caravel Minerals – copper is a key commodity
Investing in Caravel Minerals – copper is a key commodity Caravel is on track to be Australia’s next large scale, low-cost copper producer Pre-Feasibility Study progressing – due for delivery Q1 2022 • Significant upside - all deposits remain open at depth and have potential for significant expansio
Slide 16: Caravel Minerals Limited
Caravel Minerals Limited www.caravelminerals.com.au T: +61 8 9426 6400 www.caravelminerals.com 16