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Caravel Minerals Limited ( (AU:CVV) ) has issued an announcement.
Caravel Minerals Limited has initiated the tendering process for the Definitive Engineering Study of its Caravel Copper Project, following extensive metallurgy studies and securing a $15 million loan. The project aims to simplify plant design and optimize costs, with tenders invited for process plant design and key infrastructure. The project is expected to enhance Caravel’s position in the copper industry by leveraging existing infrastructure and technologies to deliver a sustainable, low-cost operation.
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 a company operating in the mining industry, focusing on copper production. It is engaged in the development of the Caravel Copper Project, which is Australia’s largest undeveloped copper deposit, located in Western Australia’s Wheatbelt region.
Average Trading Volume: 308,843
Technical Sentiment Signal: Sell
Current Market Cap: A$86.61M
See more data about CVV stock on TipRanks’ Stock Analysis page.