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An update from Caravel Minerals Limited ( (AU:CVV) ) is now available.
Caravel Minerals Limited has secured a preliminary grid connection access offer from Western Power, marking a significant milestone for its Caravel Copper Project. This connection to the Southwest Interconnected System is crucial for providing long-term, reliable power supply, aligning with development objectives and supporting the WA Government’s Powering WA initiative. It also facilitates the project’s progress towards a final investment decision, enhancing its viability and attractiveness for financing.
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 involved in the mining industry, focusing on the extraction and processing of copper ore. The company aims to produce approximately 65,000 tons per annum of copper concentrate over a span of more than 20 years, utilizing established transportation infrastructure and aiming for low-cost, reliable power solutions.
Average Trading Volume: 322,281
Technical Sentiment Signal: Sell
Current Market Cap: A$92.2M
For a thorough assessment of CVV stock, go to TipRanks’ Stock Analysis page.