CARAVEL MINERALS LIMITED - ASX Briefs

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CARAVEL MINERALS LIMITED (ASX: CVV)

CVV: Project Update - Molybdenum Recovery Circuit Included in DFS

CARAVEL MINERALS LIMITED

Molybdenum Recovery Circuit (MRC) to be included in Caravel Copper Project's process flowsheet for the Definitive Feasibility Study (DFS)
Potential to recover ~83Mlbs (~38kt) of molybdenum along with copper ores
MRC design includes flotation of molybdenum concentrate, filtering, and bagging for transport, and has no impact on primary copper production

2023-03-22 08:17:00

CVV: DFS Update - Caravel Copper Project

CARAVEL MINERALS LIMITED

Several key project work streams are advanced, including independent review and environmental approval processes.
Target for completion is a high-quality Definitive Feasibility Study by H1 2024.
Caravel Copper Project is the largest undeveloped copper project in Australia and scheduled to start production with forecasted deficits in the copper market and price increases.

2023-03-17 09:27:00

CVV: Drilling Results - Bindi Copper Deposit

CARAVEL MINERALS LIMITED

Drilling results confirmed extension of mineralisation at depth
Drilling has recommenced for hydrogeology, geotech holes, environmental assessments and metallurgical sample collection
Hole 22CADD010 intersected mineralisation in the lower limb of the deposit

2023-03-01 09:14:00

CVV: Testwork Delivers Positive Results - Caravel Copper Project

CARAVEL MINERALS LIMITED

High Pressure Grinding Roll (HPGR) tests confirm Pre-Feasibility Study design assumptions, including required crusher performance and reduced energy usage.
Results confirm commercial scale assumptions for a 27Mtp Project with potential for future upside capacity.
Further studies will explore operating strategies to optimise power consumption and pricing.

2023-02-20 08:48:00