For thousands of other reports visit RSC's Mineral Intellingence Map
Caravel Minerals Ltd.
Summary
| Project: | Caravel | |
|---|---|---|
| Deposit: | Caravel | |
| Location: | Australia | |
| Commodities: | Copper-Molybdenum-Silver-Gold | |
| Date: | 5/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 29-5-2019: Caravel Minerals Ltd. announces a Scoping Study report for its Caravel deposit at the Caravel project. Scoping Study results incl. post-tax NPV of A $705M (7%), IRR of 24%, 23yr LOM at the project. Caravel Minerals Ltd (ASX: CVV) (“Caravel” | |
| Resources: | (Resource, Total): 661.9Mt @ 0.28% Cu, 55ppm Mo | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Caravel Minerals Ltd (ASX: CVV) (“Caravel” or the “Company”) is pleased to release the results of the 2019 Scoping Study on its 100% owned Caravel Copper Project (“Project”). Managing Director Steve Abbott said: “The results of the 2019 Scoping Study confirm the very real potential to establish a new copper mining and processing operation to produce and export copper concentrate to global markets over 23 years and potentially longer.” “The Scoping Study sets out a project that processes 16Mtpa of ore, ramping up to 30Mtpa by year 8 to produce around 45,000 tonnes before growing to around 65,000 tonnes of copper in concentrate per year for export. “Caravel has used a conservative longterm average copper price of US$6,612 per tonne in the Scoping Study to calculate a Pre‐tax NPV of A$1.05 billion at a 7% discount rate. C1 cash costs of US$1.45/lb place the Caravel Copper Project in the second quartile of copper producers for the first 5 years, positioning the Project to be a low to mid‐cost operator over its life.” “This Scoping Study highlights the potential for developing a robust standalone mining and processing operation capable of generating strong margins and excellent financial returns. Initial capital expenditure of A$481 million will be repaid within the first 4 years of production before capital expenditure in year 5 of A$256 for a ramp up to 30Mtpa commencing in year 6.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report