Caravel Minerals Limited · ASX:CVV
Caravel Minerals — Shareholder Meeting (November 2024)
12 slides from Caravel Minerals's shareholder meeting presentation, Nov 25, 2024
Slide 1: Building Australia's Next Copper Company
ASX: CVV Building Australia’s Next For personal use only Copper Company Annual General Meeting 25 November 2024 Suite 1/245 Churchill Avenue, Subiaco WA 6008 1
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 • 13 April 2023 “PFS Processing Update – Caravel Copper consents to the inclusion in this report of the matters based on his in
Slide 3: Corporate snapshot
Corporate snapshot Snapshot Ownership Paradice ASX ticker CVV 9.4% Board & For personal use only Share price (22 November 2024) 17.5c Management 8.1% Shares on issue 557M Glenvar Options on issue 43M 3.5% Other holders Market capitalisation (22 November 2024) $97M 55.2% Alma Metals Cash (22 November
Slide 4: 2024 in Review: Mineral Resource and Mine Plan
2024 in Review Steadily defining the key building blocks of the Caravel Copper project Updated Mineral Resource Estimate (MRE) Updated Mine Plan substantially complete For personal use only • Incorporates in-fill drilling at Bindi and Dasher • Based on the latest resource estimate and current market
Slide 5: 2024 in Review: Metallurgy and Tailings
2024 in Review Steadily defining the key building blocks of the Caravel Copper project Metallurgical testwork increased precious metal For personal use only recoveries • 50-60% for both gold and silver (up from the previous estimate of 30%) • Potential for additional revenue through precious metals
Slide 6: 2024 in Review: Permitting, Infrastructure and Land
2024 in Review Steadily defining the key building blocks of the Caravel Copper project Permitting well-underway For personal use only • Environmental Review Document (ERD) lodged with the Environmental Protection Agency (EPA) of Western Australia • Public review and comment period anticipated in Q1
Slide 7: In 2024, the copper industry was reshaped by consolidation
In 2024, the copper industry was reshaped by consolidation Major producers are active in M&A • Recent deals demonstrate the view majors have For personal use only on future value in the copper markets • These industry participants understand the constraints on future supply and are acting now to sec
Slide 8: Copper concentrate supply shortages set to intensify
Copper concentrate supply shortages set to intensify Strong forward demand and fewer developments is tipping the industry to lower stocks and higher prices Primary copper demand vs potential new supply Shrinking supply inventory vs copper price For personal use only • Strong forward demand driven by
Slide 9: Significant smelter expansion is further driving concentrate shortages
Significant smelter expansion is further driving concentrate shortages China still the main player but Indonesia and India growing fast • Global copper smelting capacity is ~22Mtpa For personal use only • China dominates at ~9Mtpa and relies largely on imports from seaborne trade • Japan and South K
Slide 10: Looking ahead: Finalising technical studies
Looking ahead Finalising technical studies • Mine plan to confirm mining rates, fleet size and For personal use only costs • Final tailings management methods and costs • Simplified and integrated site layout • Metallurgical testwork and process flowsheet • Definitive engineering study 10
Slide 11: Looking ahead: Securing key approvals and agreements
Looking ahead Securing key approvals and agreements in advance of FID • Part IV environmental approval including a 5-week public For personal use only environmental review early 2025 • Water extraction licensing • Access to grid power • Remaining land agreements Key milestones for 2025 • Government
Slide 12: Thank you
FOR MORE INFORMATION ASX:CVV For personal use only caravelminerals.com.au Thank you 12
Caravel Minerals — Shareholder Meeting (November 2024) on 6ix