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Caravel Minerals Limited ( (AU:CVV) ) has issued an update.
Caravel Minerals Limited has reported substantial progress on the Definitive Feasibility Study for its Caravel Copper Project, with process plant engineering nearing completion, non-process infrastructure layouts finalised, and detailed work advancing on tailings, water pipeline and geotechnical packages. The company has appointed Mining Plus to deliver the DFS-standard mine plan and an updated JORC-compliant Ore Reserve, progressed environmental approvals following EPA feedback, secured land access for key mining and general purpose leases, expanded groundwater assessment through new bores at the Gillingarra Borefield, and advanced its sustainability agenda alongside strategic negotiations with Adani for concentrate offtake and engagement with European export credit agencies on potential project financing, collectively positioning the project for key permitting, reserve declaration and funding milestones in 2026.
The most recent analyst rating on (AU:CVV) stock is a Buy with a A$0.60 price target. To see the full list of analyst forecasts on Caravel Minerals Limited stock, see the AU:CVV Stock Forecast page.
More about Caravel Minerals Limited
Caravel Minerals Limited is an Australian resources company focused on developing the Caravel Copper Project, a large-scale open-pit copper operation. The project involves a significant processing plant, associated non-process infrastructure, tailings management facilities, water supply infrastructure and related mining leases to support long-term copper production.
Average Trading Volume: 826,867
Technical Sentiment Signal: Buy
Current Market Cap: A$156.5M
See more insights into CVV stock on TipRanks’ Stock Analysis page.