Caravel Mineral’s Copper Project is located 120kms NNE of Perth in Western Australia’s Wheatbelt region, between the towns of Calingiri and Wongan Hills. The Project area is located on cleared agricultural freehold land and is well connected to existing infrastructure including interconnected power, roads and highways, regional service towns and a range of export ports. Caravel’s copper deposits form part of a regional porphyry style copper-molybdenum-gold mineralised belt discovered in a previously unexplored part of the Yilgarn Craton.

JORC Mineral Resource

Consolidated Indicated and Inferred Resource Estimate (0.25% Cut-off)

Classification Tonnes (MT) Cu% Mo (PPM) Cu Metal (T)
Indicated 218.8 0.36 69 787,300
Inferred 147.4 0.34 61 496,900
Total 366.3 0.35 66 1,284,200

Caravel Copper Project1 Mineral Resource at various Cu cut-off grades

Cu Cut-off (%) Tonnes (MT) Cu% Mo (PPM) Cu Metal (T)
0.15 661.1 0.28 53 1,859,900
0.20 493.1 0.32 60 1,569,300
0.25 366.3 0.35 66 1,284,200
0.30 240.3 0.39 74 939,000

1 Caravel Copper Project combines Bindi, Dasher and Opie deposits

 

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