Caravel Minerals Limited · ASX:CVV
Caravel Minerals — Investor Presentation (August 2016)
21 slides from Caravel Minerals's investor presentation, Aug 8, 2016
Slide 1: Compelling Australian Copper Project
For personal use only ASX: CVV Compelling Australian Copper Project Investor Presentation 8 August 2016
Slide 2: 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 3: Company Highlights
Company Highlights For personal use only Rapidly advancing Project: Calingiri Copper- Molybdenum development in W.A. Tier-1 Partner: Leading international miner First Quantum Minerals (FQM:TX) Scoping Study (June 2016): Confirmed potential as a low-cost mid-tier producer with low Capex and robust ec
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only Shares Outstanding^: 49.8 M Caravel Minerals Major Shareholders^: Options Listed: 0M Kingsgate Consolidated 12.3% Unlisted: 11.8 M First Quantum Minerals 12.0% Cash*: $0.7 M Healy Robert Anthony 4.8% Debt*: Nil M & C Hilmer Group 4.2% Share Price^: $0.08 T &
Slide 5: Calingiri and First Quantum Minerals
Calingiri and First Quantum Minerals For personal use only FQM - Large global copper producer: market cap ~A$6b (FM:TSX). Operating seven mines and developing five bulk tonnage projects in Zambia, Peru, Argentina and Panama Farm-In 50.1% project 1st Phase - $1.2m equity ü 2014/15 11/2015 ~9/2016 ~9/
Slide 6: Scoping Study Key Findings
Scoping Study Key Findings For personal use only • NPV $520m after tax •Cu 710kt LoM / 36Kt p.a. • IRR 23% •Moly 14,500t • Payback 3 years • Silver and Gold Economics Production • Cu US$2.75/lb (FX A$0.72) •Float Conc 25% Mine / Capex / • Capital cost $440m • Throughput 15 Mtpa (21 Yrs) Plant Opex •
Slide 7: 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 8: Scoping Study Mining & Production
Scoping Study Mining & Production For personal use only 40 2.0 Total Tonnes Mined 1.8 35 1.6 30 1.4 25 1.2 Total Tonnes 20 1.0 0.8 15 0.6 10 0.4 5 0.2 - 0.0 Ore Waste Strip ratio 45 0.400 Production Cu /Kt - Cu Grade 40 0.350 35 0.300 30 0.250 25 0.200 20 0.150 15 0.100 10 5 0.050 - 0.000 Production
Slide 9: 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) $/lb • Economic outcomes are robust •
Slide 10: Calingiri Pit Shells
Calingiri Pit Shells For personal use only Bindi oblique with Cu>0.2% Dasher oblique with Cu>0.2% Investor Presentation | August 2016 | Page 10 Opie oblique with Cu>0.2%
Slide 11: CAPEX & Process Plant Flowsheet
CAPEX & Process Plant Flowsheet For personal use only Based on a well understood and proven SAG/ball mill circuit Capital Items Est. Cost PEBBLE +/- 30% A$/M CRUSHER CRUSHED ORE SAG MILL Process plant, first fill & spares 250 GYRATORY STOCKPILE CRUSHER CYCLONE CLUSTER BALL MILL Mining capital & pre-
Slide 12: 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 13: 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 14: 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 Study SS PFS SS FS SS Location Australia Chilli USA Australia Sweden Key Findings ü Initial LoM Years 21 12 18 11 8 NPV - pre
Slide 15: Calingiri Roadmap
Calingiri Roadmap For personal use only H1 17 PFS Q2 16 Q1 16 Scoping Study Maiden Resource Q1 16 Q2 15 Drilling Results Exploration Targets Q3 16 Investor Presentation | August 2016 | Page 15
Slide 16: 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 17: Bryah Project
Bryah Project For personal use only Bryah (97.5%) is located ~80km north of Meekatharra – 60km south-west of the Degrussa Copper-Gold Deposit. Two zones of copper-zinc-gold anomalism, each about 2 km long and up to 500m wide. The recent discovery of the Monty deposit, and exploration results from ot
Slide 18: 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 19: Calingiri Investment Profile
Calingiri Investment Profile For personal use only Strong funding farm-in partner - FQM 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 environmental risk Investo
Slide 20: 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: Palladion Partners Telephone: +61 2 9002 5415 Investor Presentation | August 2016 | Page 20
Slide 21: Appendix: Australian Portfolio
Appendix For personal use only Australian Portfolio Projects Status Target Location Holding Area (km2) Copper, Gold, 16 tenements – 100% CALINGIRI Granted WA, Australia 760 Molybdenum 1 tenement – 80% Copper, Gold, BRYAH Granted WA, Australia 1 tenement – 92.5% 123 Manganese Options at August 2016 S
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