Caravel Minerals Limited · ASX:CVV
Caravel Minerals — Shareholder Meeting (November 2023)
19 slides from Caravel Minerals's shareholder meeting presentation, Nov 30, 2023
Slide 1: Annual General Meeting Presentation - Caravel Copper Project
ASX:CVV For personal use only ANNUAL GENERAL MEETING PRESENTATION - 30 NOVEMBER 2023 CARAVEL COPPER PROJECT Australia’s Next Major Copper Producer SUITE 1, 245 CHURCHILL AVENUE SUBIACO, PERTH WA
Slide 2: Disclaimer and Cautionary Statements
Caravel Minerals Limited (Caravel or the Company) DISCLAIMER AND CAUTIONARY STATEMENTS This presentation should be considered in its entirety. If you do not • 13 April 2023 “Pre-feasibility Study Processing Update - Caravel Barnes consents to the inclusion in this report of the matters based on his
Slide 3: Corporate Snapshot
CORPORATE SNAPSHOT Snapshot Ownership ASX ticker CVV Paradice 8.7% Management Share price (29 November 2023) 19.5c 8.3% For personal use only Glenvar Shares on issue 524M 3.2% Options on issue (30-33c strike) 47M Alma Metals 2.8% Market capitalisation (29 November 2023) $102M Cash (29 November 2023)
Slide 4: Caravel Offers Value Through Location, Scale, Margins and Timing
CARAVEL OFFERS VALUE THROUGH LOCATION, SCALE, MARGINS AND TIMING Location • ~2-hour drive from Perth For personal use only • Excellent access to workforce, services, infrastructure • Excellent mining jurisdiction Scale • Largest copper discovery in Australia in past 10 years • 25+ years mine life Bi
Slide 5: Western Australia: Ideal Location
WESTERN AUSTRALIA: IDEAL LOCATION For personal use only Top-rated jurisdiction for political risk and mining legislation1 • 2 hours north of Perth in WA Wheatbelt • Close to experienced workforce, no FIFO • World-class mining capability in WA Western • Major engineering, construction and equipment A
Slide 6: SW Yilgarn: An Important Mineral Province
SW YILGARN: AN IMPORTANT MINERAL PROVINCE The relatively unexplored SW Yilgarn hosts For personal use only several of Australia’s largest mineral discoveries • Newmont Boddington – Australia’s largest gold mine (+20Moz Au)1 • Albemarle Greenbushes – World’s largest hard rock Perth lithium mine (8Mt
Slide 7: Large, Long-Life Deposits
LARGE, LONG-LIFE DEPOSITS Resource growth and confidence has set the stage for decades of operation1 30km For personal use only Caravel drilling, project deposits and exploration licence areas 1- ASX Announcement 13 November 2023 Mineral Resource Update – Caravel Copper Project caravelminerals.com.a
Slide 8: Fourth Largest Copper Discovery in the Last Decade
FOURTH LARGEST COPPER DISCOVERY IN THE LAST DECADE For personal use only DISCOVERY TO DEVELOPMENT • 1.4Mt ore reserve • 2.8Mt mineral resource • +25-year mine life • UPSIDE DFS and Exploration caravelminerals.com.au 8.
Slide 9: Potential for Further Resource Growth
POTENTIAL FOR FURTHER RESOURCE GROWTH Bindi and Dasher resources are open, with potential for significant extensions For personal use only • At Bindi the Lower Limb has very limited drilling and the resources remains open to the east and at depth • At Dasher the resource remains open on strike to th
Slide 10: 2023 Mineral Resource Quantifies Precious Metals (Gold and Silver)
2023 MINERAL RESOURCE QUANTIFIES PRECIOUS METALS (GOLD AND SILVER) For personal use only • Resources now include 895,000 oz Au, 46.3 Moz Ag, 60,600 t Mo • Global resource grade of 0.022 g/t Au and 1.1 g/t Ag, with higher Au grade of 0.031 g/t in the starter pits • Starter pits most intensely drilled
Slide 11: Margins Are Created Through Large Volume Low-Cost Mining
MARGINS ARE CREATED THROUGH LARGE VOLUME LOW-COST MINING Resource has a steep grade vs tonnage curve – favours bulk mining at lower cut-off grades • Low strip-ratio (1.3:1) bulk mining = large equipment = low mining costs = higher economic margins For personal use only • Proven for many years in Gib
Slide 12: Large Scale Drives Costs Down to Create Margin
LARGE SCALE DRIVES COSTS DOWN TO CREATE MARGIN Western Australia is a global leader in large scale mining and For personal use only mineral processing operations Proven autonomous haulage systems (AHS) • Reduces costs and increases productivity Trolley assist in ~year 5 • Reduces diesel use and incr
Slide 13: WA Has the Key Elements to Design, Build and Operate Caravel
WA HAS THE KEY ELEMENTS TO DESIGN, BUILD AND OPERATE CARAVEL Multiple international engineering firms For personal use only • With recent and highly relevant copper experience Strong fabrication and construction capability • Steel fabrication and module assembly under one roof WA MANUFACTURING • Mod
Slide 14: Large-Scale, Low-Cost Mining and Processing = Sustained Margins
LARGE-SCALE, LOW-COST MINING AND PROCESSING = SUSTAINED MARGINS 65ktpa USD USD AUD $ 1.23/lb AISC $2.07/lb 6.6B $ ~ ~143Mlbs/yr Cash Costs Pretax Cash Flow Cu in Concentrate For personal use only US$0.46/lb by-product credit A$919M sustaining capital A$1.7B from by-products ~71ktpa (~156Mlbs) first
Slide 15: Project Funding Plan
PROJECT FUNDING PLAN Funding is available for the right projects • In quality jurisdictions with low political risk For personal use only • Low operating cost and capital intensity • Good ESG ratings - low environmental and social impacts Caravel is engaged with potential funding partners • Export C
Slide 16: The Copper Supply Deficit Is Coming
THE COPPER SUPPLY DEFICIT IS COMING A large supply shortfall is forecast from 20271 Sustaining existing production volume will be challenging with new projects becoming For personal use only difficult to find and slower to develop Mt Source: Resource Capital Funds Mining 101 Copper https://resourcec
Slide 17: Good Progress with ESG, Permitting and Tenure
GOOD PROGRESS WITH ESG, PERMITTING AND TENURE Environmental permitting is progressing well • The EPA’s level of assessment has been determined For personal use only and surveys completed • The project is located on cleared agricultural land minimising environmental impact A water supply has now been
Slide 18: The Next Months: De-risking Our Development Pathway
THE NEXT 12 MONTHS: DE-RISKING OUR DEVELOPMENT PATHWAY Methodically de-risking the Project For personal use only • Securing total (125MW) required power • Securing water abstraction licenses • Securing land purchase option agreements • Progressing environmental assessments • Producing representative
Slide 19: Thank You
For personal use only THANK YOU FOR MORE INFORMATION ASX:CVV caravelminerals.com.au
Caravel Minerals — Shareholder Meeting (November 2023) on 6ix