The past 12 months have seen Caravel Minerals (ASX:CVV) complete a significant Pre-Feasibility Study work program and deliver important milestones to advance the large-scale, long-life Caravel Copper Project in Western Australia. The full range of feasibility studies continues to clearly demonstrate the Caravel Copper Project is a robust and executable project capable of near-term development.

Caravel is one of very few large copper projects in a stable jurisdiction (WA) that is advancing towards production at a time when copper metal is forecast to enter a deficit of between 4 – 10Mpta by 2030.