Caravel Minerals Limited · ASX:CVV
Caravel Minerals — Investor Presentation (June 2015)
20 slides from Caravel Minerals's investor presentation, Jun 9, 2015
Slide 1: A compelling growth story in Australian copper
For personal use only A compelling growth story in Australian copper Investor Presentation – June 2015 Marcel Hilmer, CEO ASX: CVV
Slide 2: Disclaimer, Forward-Looking Statements & Competent Person Statement
DISCLAIMER, FORWARD-LOOKING STATEMENTS & COMPETENT PERSON STATEMENT For personal use only Disclaimer The presenta0on materials (and the contents of the presenta0on) are for informa0on purposes only and do not cons0tute an offer or invita0on to subscribe for or purchase any securi0es, and neither the
Slide 3: Overview
OVERVIEW For personal use only • Cornerstone asset: Calingiri Copper-Moly Project, WA – a globally significant copper project • Tier-1 partner: leading international miner First Quantum Minerals (FQM) • Exploration funding: secured for next 2 years via A$3.6M farm-in JV • Drilling programs: re-comme
Slide 4: Capital Structure
CAPITAL STRUCTURE For personal use only Shares Outstanding: 746 M Caravel Minerals Major Shareholders Listed Op0ons: 226 M Kingsgate Consolidated 18.5% Unlisted Op0ons: 161 M Fully Diluted: 1,133 M First Quantum Minerals 11.4% Directors and employees 10.2% Cash*: $379k Waratah Investments Group 7.6%
Slide 5: Calingiri Bulk Tonnage Exploration Targets
CALINGIRI | Bulk Tonnage For personal use only Exploration Targets* 0.2% Cut-off: 435 – 460 Mt @ 0.35 – 0.37 CuEq%: ~1.4Mt Cu 0.3% Cut-off: 275 – 335 Mt @ 0.41 – 0.43 CuEq%: ~1.2Mt Cu A RAPIDLY GROWING LARGE TONNAGE, DISSEMINATED STYLE, PRIMARY COPPER- MOLYBDENUM SULPHIDE SYSTEM • Refer to Explorati
Slide 6: Calingiri: First Quantum Minerals Farm-In
CALINGIRI: First Quantum Minerals Farm-In For personal use only • June 2015: FQM to invest A$3.6m in Calingiri* • FQM: one of the largest global producers of copper with a market cap >A$13b • Calingiri fully funded for next 2 years: significant milestones in H2 2015 and Q1 2016 • Existing FQM loan c
Slide 7: Calingiri, WA
CALINGIRI, WA For personal use only 30 Km Target Trend • 3 Exploration Targets • 8 major drilled prospects and extensive well-defined undrilled priority targets A Significant New Mineralised District within the Yilgarn: a 90 minute drive from Perth Investor Presentation | June 2015 | Page 7
Slide 8: Exploration Priority Targets
EXPLORATION For personal use only Priority Targets • Three extension target zones • Seven RC drilling targets • Extensive Airore program over untested copper trend Fully funded exploration programs in 2015/16 will substantially progress the project Argonaut Presentation | 4 June 2015 | Page 8
Slide 9: Calingiri: Global Comparable Mines and Exploration Projects
Calingiri: Global Comparable Mines and Exploration Projects For personal use only 800" 0.60# 0.49$ 700" 0.46$ 0.45$ 0.45$ 0.50# 0.41$ 0.42$ 600" 0.40$ 0.39$ 0.37$ 0.34$ 0.40# 500" 0.33$ 0.29$ 400" 0.30# 0.24$ 300" 0.20# 200" 0.10# 100" 0" 0.00# " a" a" a" "" " " a" " n" A" a" t ." le da SA da an sk
Slide 10: Calingiri Consolidated Exploration Target
CALINGIRI | Consolidated Exploration Target For personal use only Copper Mine: Bulk Tonnage Requirements1 • Broad intersections of copper- Development & produc0on molybdenum-silver-gold mineralisation PFS/ Feasibility • Dasher: 1,050m long and open Preliminary economics Bindi: 2,000m long and open R
Slide 11: Calingiri: A Compelling Australian Copper-Moly Project
A Compelling Australian CALINGIRI: For personal use only Copper-Moly Project • Global major, FQM, a cornerstone investor and funding for 2 years exploration confirmed • Similar deposits economically mined globally including North and South America • Ideally located 120km north of Perth. Established
Slide 12: Other Projects – Wynberg and Bryah
Other Projects – Wynberg and Bryah For personal use only Wynberg is a Cloncurry style Bryah is located ~80km north of copper-gold system with high grade Meekatharra – 60km south-west of outcropping mineralisation the Degrussa Copper-Gold Deposit Three Significant Prospects with Two large multi-eleme
Slide 13: Caravel Project Schedule
CARAVEL PROJECT SCHEDULE For personal use only Quarter Objective % Completed Notes Report results of major drilling program at Calingiri Reported new Exploration Targets at priority prospects. copper-molybdenum project. 7,618m of RC drilling Further upgraded existing Exploration Targets and defined
Slide 14: A Very High Quality Leadership Team
A VERY HIGH QUALITY LEADERSHIP TEAM For personal use only MARCEL HILMER, CEO and Executive Director 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 public and private g
Slide 15: Investment Summary
CARAVEL An emerging growth story with compelling projects in WA and QLD INVESTMENT For personal use only Calingiri: SUMMARY • Globally comparable to existing mines and projects • Three large Exploration Targets • Ideal location • Low mining costs • No native title • Strong farm-in partner • Signific
Slide 16: Contact Information
Corporate and Operations: CONTACT Marcel Hilmer, CEO or Tony Poustie, Dir. Of Exploration For personal use only INFORMATION L3, 18 Richardson Street West Perth WA 6005 +61 8 9426 6400 Investor Relations: Paul Armstrong or Nicholas Read Read Corporate Telephone: +61 8 93881474 Investor Presentation |
Slide 17: Australian Portfolio
AUSTRALIAN PORTFOLIO For personal use only Projects Status Target Loca1on Holding Area (km2) Copper, Gold, 16 tenements – 100% CALINGIRI Granted WA, Australia 1048.8 Molybdenum 2 tenements – 80% WYNBERG Granted Gold, Copper QLD, Australia 3 tenements – 100% 83.5 Copper, Gold, 1 tenement – 100% BRYAH
Slide 18: Calingiri Broad Intersections of Copper-Molybdenum-Silver-Gold
Appendix Calingiri Broad Intersections of Copper-Molybdenum-Silver-Gold For personal use only Interval Hole Id Prospect From (m) Width Cu (%) Mo (ppm) Ag (ppm) Au (PPb) CuEq (%) 11CARC011 Dasher 52 74 0.4 172 1.64 39 0.51 13CARC0O9 Dasher 28 82 0.39 34 3.98 n/a* 0.44 13CARC012 Dasher 48 24 0.78 296
Slide 19: Calingiri: Exploration Targets
Calingiri: Exploration Targets For personal use only Dasher Caravel initially referred to the Dasher Exploration Target in its release of 10 July 2013 (subsequently modified on 2 August 2012) – Exploration Confirms Significant Potential of Calingiri Copper-Molybdenum Project. In a subsequent release
Slide 20: Calingiri: Exploration Targets (Con't)
Calingiri: Exploration Targets (Con’t) For personal use only Opie The Opie mineralisation is developed within a consistent gneissic unit between 50 - 150m thick and dipping at approximately 35-45 degrees to the north has been intersected over a strike length of over 200m, from near surface to a vert