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Caravel's capex cost increases but so too does copper price

UPDATED scoping work for Caravel Mineral's namesake copper project near Perth Western Australia suggests the company will need in the order of A$600 million to build a venture with a base case net present value of $1.45 billion and an internal rate of return of 26%.

Michael Quinn
Caravel copper country, WA

Caravel copper country, WA

The $524-634 million capex range compares to the $481 million estimated in 2019, while Caravel is now using a US$4 per pound copper price compared to $3/lb in the earlier study. The project is conceived...

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