EXPLORATION & DEVELOPMENT

Caravel's low-grade copper now totals a few million tonnes

CARAVEL Minerals' prefeasibility study for its low-grade namesake copper project near Perth remains on track for delivery next quarter as the company updated the resource to more than 2.8 million tonnes of contained copper.

 Caravel's low-grade copper now totals a few million tonnes

The 1.18 billion tonnes grading 0.24% copper and 48 parts per million molybdenum uses an 0.1% copper cut off and a US$8800/t copper price. If the cut-off is increased to 0.3%, the resource is estimated...

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