In November 2023, Caravel Minerals announced an updated Mineral Resource Estimate (MRE) which now totals 1.276 billion tonnes @ 0.24% Cu, 47ppm Mo, 22ppb Au and 1.1ppm Ag for 3,032,500t of contained copper, 60,600t of contained molybdenum, 895,100oz of contained gold and 46.3Moz of contained silver (0.1% Cu cut-off).

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