Caravel Minerals Strengthens Confidence in Caravel Copper Project Reserve
Caravel Minerals Limited (ASX: CVV) has announced an updated Ore Reserve for its wholly owned Caravel Copper Project in Western Australia, highlighting improved project confidence and resource classification. The updated Ore Reserve stands at 597 million tonnes grading 0.24% copper, containing approximately 1.42 million tonnes of copper at a 0.10% copper cut-off grade. This includes 156 million tonnes in the Proven category and 441 million tonnes in the Probable category. The reserve remains part of the broader Mineral Resource of 1.28 billion tonnes containing 3.03 million tonnes of copper.
A key outcome of the update is the significant improvement in reserve confidence rather than a material increase in contained metal. Proven Ore Reserve tonnage increased by approximately 48% compared to the maiden 2022 reserve, supported by the November 2023 Mineral Resource update and detailed mining studies completed for the Definitive Feasibility Study. In addition, molybdenum, silver, gold, iron, and sulphur grades have been reported within the Ore Reserve for the first time. The updated reserve reinforces the long-term development potential of the Caravel Copper Project while providing a stronger foundation for future mine planning and project advancement.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Caravel Minerals Strengthens Confidence in Caravel Copper Project Reserve
Caravel Minerals Limited (ASX: CVV) has announced an updated Ore Reserve for its wholly owned Caravel Copper Project in Western Australia, highlighting improved project confidence and resource classification. The updated Ore Reserve stands at 597 million tonnes grading 0.24% copper, containing approximately 1.42 million tonnes of copper at a 0.10% copper cut-off grade. This includes 156 million tonnes in the Proven category and 441 million tonnes in the Probable category. The reserve remains part of the broader Mineral Resource of 1.28 billion tonnes containing 3.03 million tonnes of copper.
A key outcome of the update is the significant improvement in reserve confidence rather than a material increase in contained metal. Proven Ore Reserve tonnage increased by approximately 48% compared to the maiden 2022 reserve, supported by the November 2023 Mineral Resource update and detailed mining studies completed for the Definitive Feasibility Study. In addition, molybdenum, silver, gold, iron, and sulphur grades have been reported within the Ore Reserve for the first time. The updated reserve reinforces the long-term development potential of the Caravel Copper Project while providing a stronger foundation for future mine planning and project advancement.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au