EXPLORATION & DEVELOPMENT

Caravel passes copper reserve milestone with PFS numbers imminent

COPPER reserves at Caravel Minerals’ namesake low grade project northeast of Perth in Western Australia total more than half-a-billion tonnes, with a copper price of US$4 per pound the key assumption for the development.

 Caravel, WA

Caravel, WA

As well as the $4/lb copper price, the 553 million tonnes grading 0.25% copper estimate also assumes a 73c exchange rate with the Australian dollar. "This price is substantially below current and recent...

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