Caravel Minerals Limited · ASX:CVV
Caravel Minerals — Investor Presentation (April 2016)
23 slides from Caravel Minerals's investor presentation, Apr 11, 2016
Slide 1: A compelling growth story in Australian copper
For personal use only ASX: CVV A compelling growth story in Australian copper Investor Presentation April 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: Overview
Overview For personal use only • Cornerstone asset: Calingiri Copper- Molybdenum Project, WA – a globally significant JORC Resource • Tier-1 partner: leading international miner First Quantum Minerals (FQM:TX) • Exploration funding: in place until 2017 with FQM A$3.6M farm-in • Resource: March 2016,
Slide 4: Capital Structure
Capital Structure For personal use only Caravel Minerals Major Shareholders^: Shares Outstanding^: 48.6 M Kingsgate Consolidated 12.6% Options Listed: 7.6 M First Quantum Minerals 12.3% Unlisted: 12.7 M Healy Robert Anthony 4.4% Cash*: $1.1 M M & C Hilmer Group 4.3% Share Price^: $0.11 T & R Poustie
Slide 5: Calingiri and First Quantum Minerals
Calingiri and First Quantum Minerals For personal use only FQM - Large global copper producer: market cap ~A$5b (FM:TSX). Operating seven mines and developing five bulk tonnage projects in Zambia, Peru, Argentina and Panama Farm-In Farm-In 1st Phase - $1.2m 2nd Phase - +$2.4m 2014/15 11/2015 ~4/2016
Slide 6: Calingiri Project, WA: A Major JORC Resource
Calingiri Project, WA For personal use only A Major JORC Resource • Over 74% of the Mineral Resource is in the Indicated category • 844 Kt copper at CuEq 0.38% • 143 Mt @ 0.44% for 550Kt copper (0.30% higher cut-off grade) • 530 Mt @ 0.33% for 1,410Kt copper (0.15% lower cut-off grade) • Resources r
Slide 7: Calingiri: A large tonnage, disseminated style copper-molybdenum resource
Calingiri: A large tonnage, disseminated style, primary copper-molybdenum sulphide JORC Mineral Resource For personal use only Table 1: 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 Inferre
Slide 8: Bindi Resource: April 2016
Bindi Resource: April 2016 The Bindi Mineral Resource has: • a cumulative strike extent of 3,700 m For personal use only • a plan width of 200 m (Bindi West) and 350 m (Bindi East) and • depth extent of 360 m below surface. There is a saprolitic weathering layer between Bindi Indicated and Inferred
Slide 9: Bindi
Bindi For personal use only Oblique Section A-A1 Investor Presentation | April 2016 | Page 9 Oblique Section B-B1
Slide 10: Dasher Resource: April 2016
Dasher Resource: April 2016 For personal use only Dasher Indicated and Inferred Resource Estimates Cut-off Grade Classification Tonnes (MT) Cu % Cu Eq % * Cu Metal (T) Indicated 27 0.38 0.43 103,430 The Dasher Mineral Resource has: 0.30% Inferred 29 0.39 0.45 114,171 • a strike extent of 1,500 m Tot
Slide 11: Dasher
Dasher For personal use only Dasher Section 6,566,900mN Investor Presentation | April 2016 | Page 11
Slide 12: Opie Resource: April 2016
Opie Resource: April 2016 For personal use only Opie Indicated and Inferred Resource Estimates Cut-off Grade Classification Tonnes (MT) Cu % Cu Eq % * Cu Metal (T) The Opie Mineral Resource has: Indicated 7 0.37 0.42 27,026 • a strike extent of 250 m 0.30% Inferred 2 0.37 0.41 6,113 • a plan width o
Slide 13: Opie
Opie For personal use only Opie Section 6,560,680mN Investor Presentation | April 2016 | Page 13
Slide 14: Global Comparable Mines and Exploration Projects
Global Comparable Mines and Exploration Projects For personal use only 1200 0.60 0.49 0.50 0.47 1000 0.45 0.50 0.40 0.42 0.38 0.34 0.37 0.36 800 0.40 0.32 CuEq Grade Mt 600 0.30 400 0.20 200 0.10 0 0.00 Exploration Stage: Mt Mines: Mt Cu Eq. % The Calingiri Project tonnes and grade are based on the
Slide 15: Calingiri: Project Status
Calingiri: Project Status For personal use only Copper Mine: Bulk Tonnage Requirements 1 Development & production PFS/ Feasibility Preliminary economics Resource definition warranted Exploration justified Initital discovery Greenfield 0 100 200 300 M/ Tonnes 400 500 600 1- Indicative for large low g
Slide 16: Calingiri Roadmap
Calingiri Roadmap For personal use only Q2 16 Scoping Study Q1 16 Q1 16 Maiden Nov 15 Drilling Resource Apr 15 Earn-In Results Exploration FQM Targets April 16 Investor Presentation | April 2016 | Page 16
Slide 17: Other Projects – Wynberg and Bryah
Other Projects – Wynberg and Bryah For personal use only Wynberg (100%) is a Cloncurry style Bryah (97.5%) is located ~80km north of copper-gold system with high grade Meekatharra – 60km south-west of the outcropping mineralisation Degrussa Copper-Gold Deposit Three significant prospects with furthe
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: Caravel: Investment Summary
Caravel: Investment Summary Calingiri Project – Major JORC Mineral Resource For personal use only Strong funding partner - FQM Ideal location –infrastructure – local workforce Open pit mine – low cost – low strip Metallurgical recoveries - >90% Cu >80% Mo No native title or environmental issues Inve
Slide 20: Contact Information
Contact Information For personal use only 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: Rod Clarkson Palladion Partners Telephone: +61 2 9002 5415 Investor Presentation | April 2016 |
Slide 21: Appendices: Australian Portfolio
Appendices: Australian Portfolio For personal use only Projects Status Target Location Holding Area (km2) Copper, Gold, 18 tenements – 100% CALINGIRI Granted WA, Australia 1048.8 Molybdenum 1 tenement – 80% WYNBERG Granted Gold, Copper QLD, Australia 2 tenements – 100% 83.5 Copper, Gold, 1 tenement
Slide 22: Options Summary: April 2016
Options Summary: April 2016 For personal use only Listed/ Unlisted Mn Exercise Price Expiry Date Listed 7.57 $ 0.770 31/05/2016 Unlisted 0.03 $ 0.460 16/10/2016 Unlisted 3.80 $ 0.770 31/12/2016 Unlisted 2.52 $ 0.440 16/10/2016 Unlisted 5.26 $ 0.290 31/01/2017 Unlisted 0.20 $ 0.170 31/01/2017 Summary
Slide 23: Calingiri: JORC Mineral Resource Estimate
Calingiri: JORC Mineral Resource Estimate Geol ogy and Geol ogical Inter pretati on: The mi neralisati on at all pros pect s is believe d to be of por phyry and/or skarn deposit style which occurs within a possi ble larger scale Archea n subduction related geologi cal setting. The mineralisation at
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