Scoping Study Caravel Minerals 4 November 2021

Scoping Study

Caravel Minerals Limited (Caravel) (ASX:CVV) is pleased to announce it has revised the 2019 Scoping Study to produce a new 2021 Scoping Study for its 100%-owned Caravel Copper Project (Project) in Western Australia (Figure 1).

The 2021 Scoping Study is part of a Pre-Feasibility Study (PFS) for the Project, which is on track for completion in early CY2022 and is provided as guidance on the PFS and input assumptions.

Engineering services firm Ausenco is undertaking Caravel Copper Project PFS studies on process plant and infrastructure design, capital and operating cost estimation and execution planning. Ausenco has reviewed the 2019 Scoping Study project parameters and updated a range of assumptions prior to commencing detailed PFS work.

Updated parameters for the 2021 Scoping Study include:

  • Mineral Processing
  • Capital Expenditure
  • Operating costs
  • Revenue Forecasts
  • 2021 Scoping Study comparison to 2019 Scoping Study