Caravel Minerals Limited · ASX:CVV
Caravel Minerals — Resources Rising Stars – Summer Series Conference 2023
15 slides from Caravel Minerals's conference presentation, Nov 14, 2023
Slide 1: Caravel Copper Project: Australia's Next Major Copper Producer
ASX:CVV For personal use only RESOURCES RISING STARS – SUMMER SERIES CONFERENCE CARAVEL COPPER PROJECT Australia’s Next Major Copper Producer SYDNEY 14 AND MELBOURNE 16 NOVEMBER 2023
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: 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 4: 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 5: 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 6: 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 BFS and Exploration caravelminerals.com.au 6.
Slide 7: Large, Long-Life Deposits Underpin the Opportunity
LARGE, LONG-LIFE DEPOSITS UNDERPIN THE OPPORTUNITY 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 Proj
Slide 8: 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 mineral processing For personal use only operations Proven autonomous haulage systems (AHS) • Reduces costs and increases productivity Trolley assist in ~year 5 • Reduces diesel use and incr
Slide 9: 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 10: 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 11: 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 12: 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 13: 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 14: The Next Months Are Defining for the Project
THE NEXT 12 MONTHS ARE DEFINING FOR THE PROJECT Methodically de-risking the Project For personal use only • Finalising a grid power supply offer from Western Power • Securing water abstraction licenses • Securing land purchase option agreements • Progressing environmental assessments to Ministerial
Slide 15: Thank You
For personal use only THANK YOU visit us at the investor area during the break FOR MORE INFORMATION ASX:CVV caravelminerals.com.au
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