Caravel Minerals Limited · ASX:CVV
Caravel Minerals — Investor Presentation (July 2020)
23 slides from Caravel Minerals's investor presentation, Jul 15, 2020
Slide 1: Investor Presentation July 2020
For personal use only Investor Presentation July 2020
Slide 2: Disclaimer Cautionary Statement
Disclaimer Cautionary Statement This presentation has been prepared by Caravel Minerals (“Caravel”) to assist in informing interested parties about the Company and its progress. It should not be considered as an offer or invitation to subscribe for or purchase any securities in Caravel or as an indu
Slide 3: Corporate Overview
Corporate Overview Board and Management Capital Structure For personal use only Wayne Trumble Non-Executive Chairman Shares on Issue 197M Steve Abbott Managing Director Options on Issue (exercisable @ 8c) 17M Alasdair Cooke Executive Director Share Price (13 July 2020) 4.7c Alex Sundich Non-Executiv
Slide 4: Strategy and Objectives
Strategy and Objectives Regional Exploration • Significant new Pd-Ni-Cu discovery at Julimar has increased exploration interest in the South-West Yilgarn For personal use only • Caravel has used its substantial in-house databases to identify targets throughout the region, a process started in early
Slide 5: Regional Exploration
Regional Exploration Caravel has added several new exploration projects For personal use only through the South-West Yilgarn, adding to our large land Caravel Cu, Au holding around Wongan Hills and securing targets that have been under evaluation over past 18 months. Julimar Pd-Ni Dalwallinu – Cu, A
Slide 6: Regional Exploration
Regional Exploration • Caravels regional surface sampling geochemical database is a unique For personal use only and valuable tool for identifying new opportunities • ~100,000 samples collected by Dominion on ‘open range’ by sampling along public roads from 1998 to 2011 • Main focus was gold. Copper
Slide 7: South-West Yilgarn Emerging Mineral Province
South-West Yilgarn Dalwallinu Yilgarn Emerging Mineral Province Pithara, Au Terrane • Recent discovery by Chalice of Ni-PGM at Julimar has For personal use only highlighted the potential for new discoveries in the Caravel Cu, Au South-West Yilgarn Yarawindah PGM Magmatic Arc • In addition to the Car
Slide 8: Cost Effective Exploration
Cost Effective Exploration • Exploration in SW Yilgarn can be fast and inexpensive • Good logistics, year round access and easy sample collection from regolith For personal use only using auger or shallow drilling • The region has very little fresh outcrop, most areas are deep weathered with leached
Slide 9: Dalwallinu Project
Dalwallinu Project • Located 50km north of Caravel Copper Project on the same major For personal use only structural trend • On margin of large, multi-phase granite intrusive complex • Strong magnetite alteration • Anomalous gold, cobalt and copper in regional sampling • No previous exploration for
Slide 10: Brookton Project
Brookton Project • Cu prospect first explored in For personal use only Caravel Cu, Au Cu ppm 1970’s – 80’s by Otter and Shell • No significant work since 80’s • Similarities in mineralisation to Caravel, Ninan prospect Julimar Pd-Ni • Over 6km trend of anomalous Cu with ~3km strike of gossanous hori
Slide 11: Toolbrunup Project
Toolbrunup area aeromagnetic Toolbrunup Project image with Cu geochemistry sampling • Magnetic anomaly with similar For personal use only geological setting and magnetic anomaly to Julimar sill complex • Anomalous Cu and Ni in regional surface sampling • Very anomalous Ni (146 ppm), Co (116) ppm) Cu
Slide 12: Toolbrunup Project
Toolbrunup Project • Comparison with Julimar/ Gonneville For personal use only Pd-Ni-Cu-Co discovery Toolbrunup Intrusive Complex Gonneville / Julimar Intrusive Complex • Airborne magnetics (TMI) at same scale 20 km 20 km 12
Slide 13: Brownfields Exploration
Brownfields Exploration • Targeting higher grades for early mine schedule For personal use only • Mineable > 0.5% Cu grade Ninan • Close to existing mine layout • Near surface, low strip • Target size +30Mt Bindi • Numerous target areas throughout the 30km 20 km mineralised trend • 2208 holes in pro
Slide 14: Ninan Central
Ninan Central • Previous drilling at Ninan has focused on gold with For personal use only most holes finishing above base of oxidation • Deeper holes show wide intervals over 0.5% but no previous modelling to interpret the structure • Higher gold credits than other deposits Oxide Au • Section at rig
Slide 15: Ninan East
Ninan East • Ninan is a highly mineralised area with relatively few holes testing bedrock copper mineralisation For personal use only • Targets at Ninan East are on a previously untested EM conductor that is coincident with the best Cu, Mo surface geochemistry in the project area and parallels the k
Slide 16: Dasher Deposit
Dasher Deposit • New footwall zone For personal use only discovered 2019 • Grade ~ 0.5% Cu • Hole finished in mineralisation • Remains open at depth and into footwall • Drilling planned to test strike extent and potential for higher grades at shallow depth 16
Slide 17: Opie Deposit
Opie Deposit Alcoa Opie PinjarraGroundmag Refinery Alcoa Bauxite Mines with Surface Cu and Drill Collars • Previous drilling has shown higher grades at Opie at shallow depths For personal use only • 10CARC003 35m @ 0.40% Cu from 94m • 10CARC006 31m @ 0.48% Cu from 35m • 10CARC007 32m @ 0.58% Cu from
Slide 18: Opie Deposit
Opie Deposit Auger geochem Cu anomalies and IP chargeability anomalies For personal use only Opie comprises stacked layers of mineralisation folded into a north plunging synform B Section B B B1 A B1 A1 Upper layer is seen in magnetics Section A A A1 plunging to north where it is not tested by shall
Slide 19: Caravel Copper Project
Caravel Copper Project • New Scoping Study completed in 2019 For personal use only • Outlined a robust project with strong cashflows and long life • Low cost and low risk due to; • very low strip ratio, bulk mining • excellent metallurgical properties • standard process flowsheet • low input costs •
Slide 20: Recent Progress
2018 New geology model developed for Bindi Recent Progress Discovery of new zone of higher‐grade copper zones in the Bindi Hinge zone Significant progress over past 24 months at low cost 2019 32% increase in resources at Caravel Copper Project to 662Mt For personal use only at 0.28% Cu (0.15% cut-of
Slide 21: Work Plan
Work Plan • Caravel Copper Project For personal use only • Continue low cost, critical path and long lead activities • Continue engagement with potential funding partners • Targeted drilling campaign to test upside in current resources models e.g. Dasher foot-wall high grade zone, Opie plunge extens
Slide 22: Summary and Key Points
Summary and Key Points • Caravel Copper Project has potential to become a long life, low cost, low risk copper producer. A company making project. For personal use only • Significant upside from the addition of higher grade ores in early mine schedule. A number of targets identified and ready for dr
Slide 23: Enquiries
For personal use only Enquiries: Alasdair Cooke alasdairc@caravelminerals.com.au Steve Abbott stevea@caravelminerals.com.au Dan Davis danield@caravelminerals.com.au +61 8 9426 6400 www.caravelminerals.com.au