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Caravel Minerals Limited ( (AU:CVV) ) has shared an update.
Caravel Minerals Limited has appointed Primero Group Limited as the Engineering, Procurement, and Construction Management firm for its Caravel Copper Project. This appointment follows a rigorous selection process and is supported by a recent $15 million funding agreement with Regal Royalty Fund. The Definitive Feasibility Study, crucial for advancing the project towards a Final Investment Decision, is fully funded and expected to be completed by mid-2026. Primero’s extensive experience in similar projects, such as the KCGM Growth Project, positions it well to deliver high-quality outcomes for Caravel, enhancing its industry positioning and stakeholder confidence.
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 company operating in the resources sector, focusing on mineral exploration and development. Its primary project is the Caravel Copper Project located in Western Australia’s Wheatbelt region.
Average Trading Volume: 298,891
Technical Sentiment Signal: Sell
Current Market Cap: A$81.02M
Learn more about CVV stock on TipRanks’ Stock Analysis page.