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Caravel Minerals Limited ( (AU:CVV) ) has provided an announcement.
Caravel Minerals Limited has entered into a non-binding Memorandum of Understanding with Kutch Copper Ltd, a subsidiary of Adani Enterprises, to collaborate on the Caravel Copper Project. This strategic partnership aims to explore funding options and negotiate a potential life-of-mine offtake agreement for up to 100% of copper concentrate, with the goal of reaching a Final Investment Decision by 2026. The collaboration is expected to leverage Adani’s downstream expertise and Caravel’s resource capabilities, enhancing the project’s development and positioning both companies as key players in the sustainable copper supply chain.
The most recent analyst rating on (AU:CVV) stock is a Buy with a A$0.62 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, primarily focused on the development and production of copper. The company is engaged in advancing the Caravel Copper Project in Western Australia, aiming to contribute to the global energy transition by ensuring a resilient supply chain for copper.
Average Trading Volume: 458,358
Technical Sentiment Signal: Buy
Current Market Cap: A$97.78M
For detailed information about CVV stock, go to TipRanks’ Stock Analysis page.