Caravel Minerals (ASX: CVV) Copper Project is located 150km north-east of Perth in Western Australia’s Wheatbelt region, which has established road, power and supporting town infrastructure and services.
The Project deposits are planned to be mined by conventional open-pit, low-cost, bulk mining methods using automated and electrified equipment technologies and processed by an industry-proven conventional copper concentrator to produce a high-quality concentrate product.
The Project is planned to operate for 25+ years producing 65,000 tonnes of copper-in-concentrate and 900 tonnes of molybdenum-in-concentrate per annum, to be transported by truck using existing State roads to Bunbury or Geraldton Port for export.
Caravel’s copper deposits form part of a regional porphyry-style copper-molybdenum-gold mineralised belt discovered in the late-2000’s in a previously unexplored part of the South-West Yilgarn Terrane, which hosts some of Australia’s most significant mineral discoveries including Greenbushes Li, Newmont Boddington Au-Cu and Chalice Julimar PGE.