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An announcement from Caravel Minerals Limited ( (AU:CVV) ) is now available.
Caravel Minerals Limited has finalized a simplified plant design for its Definitive Engineering Study (DES) and secured a $15 million non-dilutive loan from Regal Funds Management to fund its Caravel Copper Project’s Definitive Feasibility Study (DFS). The company has initiated a tendering process for the DES, appointed a Study Manager, and is advancing technical studies for a 125MW grid connection. These developments are expected to enhance the project’s operational efficiency and financial viability, potentially improving Caravel’s position in the copper mining sector.
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 operates in the mining industry, focusing on the exploration and development of copper projects. The company is primarily involved in the Caravel Copper Project, aiming to produce high-grade copper and molybdenum concentrates, while also capitalizing on gold and silver by-products to enhance revenues.
Average Trading Volume: 325,598
Technical Sentiment Signal: Sell
Current Market Cap: A$83.81M
For a thorough assessment of CVV stock, go to TipRanks’ Stock Analysis page.