Caravel Minerals Limited · ASX:CVV

Caravel Minerals — Shareholder Meeting (October 2025)

9 slides from Caravel Minerals's shareholder meeting presentation, Oct 31, 2025

  1. Slide 1: Annual General Meeting

    ASX: CVV Annual General Meeting 31 October 2025 Suite 1/245 Churchill Avenue, Subiaco WA 6008 1

  2. Slide 2: Forward Looking and Cautionary Statements

    Forward Looking and Cautionary Statements Caravel Minerals Limited (Caravel or the Company) This presentation should be considered in its entirety. If you do not understand available to view on the Company’s website at www.caravelminerals.com.au. The parameters underpinning the relevant market annou

  3. Slide 3: A Year of Transition for your Company

    A Year of Transition for your Company Significant progress despite limited financial capacity 12 Months Ago Today Challenging Market for Juniors: equity in short supply, cash Market sentiment has changed: sufficient cash to complete the conservation DFS without shareholder dilution Key Workstreams:

  4. Slide 4: Copper Demand: Growth!

    Copper Demand: Growth! Significant downstream smelter investment is occurring 28Mt New Supply Needed by 2050: To bridge demand growth India Economic Rise: On track to surpass Japan a 4th largest Energy Transition Drivers: EVs, solar, wind, grid, storage; economy in 2025; overtake Germany for 3rd by

  5. Slide 5: The 10 Million Tonne Supply Gap

    The 10 Million Tonne Supply Gap Significant upstream mine investment required Consumption: 10Mt gap in 2035 Current supply can’t meet demand growth Needs 70% supply increase for energy transition This is a prime opportunity for Caravel and WA resource diversification 5 Source – BHP Insights Septembe

  6. Slide 6: Caravel Copper Project: 2025 in Review

    Caravel Copper Project: 2025 in Review Definitive Feasibility Study nears completion with major milestones achieved Studies $15M loan1 funds DFS completion in H1 2026 Project Delivery Appointed Primero2, KCB, DBMVircon Metallurgy Flowsheet3 and product specs finalised Water Resource identified; lice

  7. Slide 7: 2026 Targets

    2026 Targets Remaining land agreements PER and Part IV permitting Lead agency designation and support Strategic partner/offtake binding term sheet(s) DFS completion Seed collection programme with Wheatbelt NRM and Yued Aboriginal Corporation https://vimeo.com/1048465305 7

  8. Slide 8: Thank you

    FOR MORE INFORMATION ASX:CVV caravelminerals.com.au Thank you 8

  9. Slide 9: Global Copper Flows

    Global Copper Flows Source – BHP 2025 Commodity Outlook Source – BHP Insights September 2024 9

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