Infrastructure and Services gDesign 31 July 2023

Contents

Infrastructure and Services

The Caravel Project is well located approximately two hours north of Perth and has access to existing public road infrastructure that can facilitate delivery to established public access ports in Bunbury and Geraldton, both of which have existing metal concentrate shipping operations.

Project operations will utilise power supply from the existing regional electrical grid adjacent to the site within the South West Interconnected Network’s North Country subregion. The Project’s maximum power requirements are estimated to be 125MW. Studies indicate this can be supplied through an increase to transmission energisation of the Moora to Wongan Hills 132KV capacity power line and the construction of a new substation. Applications have been submitted to Western Power to obtain a network access offer for the Project’s mine and processing facilities.

Water supply for the Project will be secured via a combination of developing new water resources and purchasing existing allocations. A remote borefield will be developed and licenced to supply water to the Project. New regulatory licence applications have been prepared and lodged with regulators to secure the newly identified water resources and Caravel is developing the appropriate groundwater models and completing the required environmental studies to support the licence applications.