Great to see Caravel gaining some media exposure last week with...

Great to see Caravel gaining some media exposure last week with Barry Fitzgerald on Livewire Markets covering all things copper, particularly mentioning CVV in the junior space and the solid economics surrounding our scoping study.

https://www.livewiremarkets.com/wires/copper-stocks-play-catch-up-as-market-digests-valuation-impact-of-soaring-metal-price

"Caravel (CVV) was mentioned here along with Venturex last October as one of the most leveraged juniors to copper price upside.It was a 10.5c stock at the time and has since powered ahead to 19.5c, as well as pulling in $9m from a placement at 16c to fully fund a pre-feasibility study into its namesake copper project, some 150km north-east of Perth in the central wheatbelt.

It’s a big (1.86 million tonnes) but low-grade copper resource which a 2019 scoping study (which had to be withdrawn under the ASX’s crackdown on such documents) pointed to a project being capable of supporting 45,000 tonnes per annum (tpa) of copper in the first five years, rising to 65,000tpa in years six to 23.Cash costs were placed at a competitive $US1.45/lb. Assuming a $US2.70/lb copper price, the net present value was estimated at $616m, trebling to $1.49bn at $US3.30/lb copper. At $US4.20/lb copper, make that something like $3b."