The latest update is out from Caravel Minerals Limited ( (AU:CVV) ).
Caravel Minerals Limited has made significant progress in the development of its Caravel Copper Project, including securing key agreements for water extraction and land access. The company raised $5 million through a share placement and is engaged in strategic discussions for project funding and copper offtake. Feasibility studies for mining, metallurgy, power, and environmental permitting are advancing, positioning the company for a 25+ year operation with substantial annual copper and molybdenum production.
More about Caravel Minerals Limited
Caravel Minerals Limited is a company involved in the mining industry, focusing on copper production. Its Caravel Copper Project is situated 150km north-east of Perth in Western Australia’s Wheatbelt region. The project plans to utilize conventional open-pit, low-cost mining methods to produce copper-in-concentrate and molybdenum-in-concentrate for export.
YTD Price Performance: 6.00%
Average Trading Volume: 8,875
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €65.08M
Learn more about CVV stock on TipRanks’ Stock Analysis page.