investor presentation - asx · resume drilling at the calingiri project; focusing on dasher east,...
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DISCLAIMER, FORWARD-LOOKING STATEMENTS &
COMPETENT PERSON STATEMENT
Investor Presentation | Q2 2014 | Page 2
Disclaimer The presentation materials (and the contents of the presentation) are for information purposes only and do not constitute an offer or invitation to subscribe for or purchase any securities, and neither the presentation materials nor anything contained therein nor the fact of their distribution nor the contents of the presentation shall form the basis of or be relied on in connection with or act as any inducement to enter into any contract or commitment whatsoever. The information contained in this presentation is subject to material updating, completion, revision, amendment and verification. No reliance should be placed on the information and no representation or warranty (express or implied) is made by the Company, any of their respective directors or employees or any other person, and, save in respect to fraud, no liability whatsoever is accepted by any such person, in relation thereto. The Company does not provide any financial product advice.
Forward-Looking Statements All statements other than historical fact, contained in this presentation constitute “forward-looking statements” and are based on reasonable expectations, assumptions and projections by the Company as of the date of this presentation. Expectations and assumptions are subject to uncertainties and contingencies of unknown factors that may cause variation in such forward-looking statements beyond the Company’s ability to control or predict. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Competent Person Statement The information in this presentation that relates to Exploration Targets and Exploration Results is based on and fairly represents information and supporting documentation compiled by Tony Poustie, a Competent Person who is a full-time employee of Caravel Minerals Limited and a Fellow of the Australasian Institute of Mining and Metallurgy. Mr. Poustie has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Poustie consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. In relation to the Wynberg Project Mineral Resources, Mr Poustie has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Poustie consents to the inclusion in the report of the matters based on his information in the form and context in which it appears and with the consent of Kingsgate Consolidated Minerals. It is noted that an Exploration Target is conceptual in nature and there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource at the Dasher Prospect within the larger Calingiri Project.
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Gateway to
some of
Australia’s
most compelling
growth project’s
Investor Presentation | Q2 2014 | Page 3
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Investor Presentation | Q2 2014 | Page 4
Projects Status Target Location Holding Area (km2)
CALINGIRI Granted and Pending Copper, Gold, Molybdenum WA, Australia 15 tenements – 100% 2 tenements – 80% 5 applications
915.2
WYNBERG Granted Gold, Copper QLD, Australia
2 tenements – 100% 1 tenement – option to earn 80%
83.5
BRYAH Granted Copper, Gold, Manganese WA, Australia 2 tenements – 100% 1 tenement – 92.5%
345.4
KUKERIN Granted Gold, Nickel WA, Australia 4 tenements – 100% 399.6
BULLOCK POOL & NANICUP BRIDGE
Granted Gold WA, Australia 4 tenements – 100% 1 application
682.6
AUSTRALIAN PORTFOLIO
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Investor Presentation | Q2 2014 | Page 5
CAPITAL STRUCTURE
Caravel Minerals Major Shareholders
Cash*: $1.1 M
Share Price: $0.016
12 months range: $0.01 -$0.05
Avg. volume (3 mths): 230k
Market Cap (undiluted): A$10M
Shares Outstanding: 651 M
Listed Options: 226 M
Unlisted Options: 109 M
Fully Diluted: 986 M
* as of December 31, 2013
Kingsgate Consolidated 20.7%
First Quantum Minerals 12.8%
Directors and employees 10.0%
Waratah Investments Group 6.2%
Copulos Group 4.2%
Newstead South Holdings 3.5%
Hole 12CADD001 – 225.1m Dasher Hole 12CADD001 – 123.9m
Invest in Growth
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A Significant New Mineralised
District within the Yilgarn
CALINGIRI, WA
Investor Presentation | Q2 2014 | Page 6
30 Km trend with 8
major prospects
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A large tonnage, disseminated style, primary
copper-molybdenum sulphide system
• Excellent geophysical and drilling results along 7.5km
section within 6 prospects
• Exploration Target1 for Dasher Prospect of 50 - 100Mt
grading 0.37 – 0.45% CuEq
• Metallurgical testwork supports recoveries of 96.0% -
96.4% copper, 93.0% - 98.2% molybdenum and 76.1%
- 80.2% silver
1. An Exploration Target is conceptual in nature and there
has been insufficient exploration to estimate a Mineral
Resource and it is uncertain if further exploration will result
in the estimation of a Mineral Resource. See News
Releases dated 2 August 2013 and 17 March 2014
Investor Presentation | Q2 2014 | Page 7
OUR CORE FOCUS | CALINGIRI
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50 - 100Mt grading 0.37 – 0.45% CuEq incl. Mo and Ag
CALINGIRI – DASHER PROSPECT
Investor Presentation | Q2 2014 | Page 8
>200m Composite
widths
• Broad intersections of copper-
molybdenum-silver-gold
mineralisation
• 1,050m long and open
• 50 - 150m thick extending to
vertical depths of 275m and
open
• 90 mins north of Perth with
infrastructure in place
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WYNBERG
PROJECT, QLD
140k Inferred
resource:
3.1Mt @ 1.4
g/t Au
Recent results
have significantly
upgraded the
potential and
prospectivity of the
project
Investor Presentation | Q2 2014 | Page 9
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Three Significant Prospects with Further Exploration
Growth
WYNBERG PROJECT
Investor Presentation | Q2 2014 | Page 10
Cloncurry style
copper-gold
system with high
grade outcropping
mineralisation
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The sequence is analogous to the regional metasomatic alteration pattern
associated with many gold and gold-copper deposits in the Cloncurry District
WYNBERG “A” PROSPECT
Investor Presentation | Q2 2014 | Page 11
Significant historical intersections including:
• 12m @ 7.1 g/t Au from 26 metres
• 6m @ 17.1 g/t Au from 22 metres
• 26m @ 3.8 g/t Au from 4 metres
• 16m @ 3.6 g/t Au from 4 metres
• 4m @ 16.5 g/t Au from 25 metres
• 30m @ 1.5 g/t Au from 106 metres
• 3m @ 22.4 g/t Au from 29 metres
Copper grades of 0.5% - 1.0%
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WYNBERG “B” PROSPECT
Investor Presentation | Q2 2014 | Page 12
Robust surface copper-gold anomalies identified from systematic soil
samples and semi-continuous zone of outcropping high-grade copper-gold
mineralisation over a strike length of 3 Km
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WYNBERG “C” PROSPECT
Investor Presentation | Q2 2014 | Page 13
• Represents the continuation/extension of folded Wynberg A stratigraphy
• Surface rock chip grades of up to 50.8% Cu and 13.8g/t Au with
associated silver
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BRYAH PROJECT, WA
Investor Presentation | Q2 2014 | Page 14
• Located ~80km north of
Meekatharra – 60km south-west of
the Degrussa Copper-Gold Deposit
• Anomalous elements are
pathfinder elements to Degrussa-
style VMS deposits
• Landor prospect semi-continuous
zone of outcropping high-grade
manganese rock chips discovered
showing continuity over 1.5km
along north margin of anomaly
Two large multi-element anomalies outlined in a geological
setting analogous to the Degrussa deposit
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CARAVEL PROJECT SCHEDULE
Investor Presentation | Q2 2014 | Page 15
Quarter
CORPORATE
Q1 14
CALINGIRI
Q2 / Q3 14
WYNBERG
Q2 / Q3 14
BRYAH
Q3 / Q4 14
Objective % Completed Notes
Equity placement with FQM and commence
Technical Cooperation Agreement100
Inject $1.25m for the development of the Calingiri
Project. Work collaboratively to advance the project.
Interface drilling to the NE of the Wynberg A
Prospect0
Test for strike extensions of the 140,000 oz. gold
resource under shallow transported cover.
Additional drilling to test the strike extensions
of the Dasher mineralization.10 Increase the existing Exploration Target.
Initial RC drilling at the Wynberg B & C
Targets 10
Evaluate bedrock continuity and geological setting of
surface high grade copper and gold mineralisation
Resume drilling at the Calingiri project;
focusing on Dasher East, Edmonds, Bindi and
Cavel
25
Aim to report Exploration Targets for the remaining
prospects that are similar or larger than the advanced
Dasher prospect
Initial soil geochemical coverage of recently
granted tenement located immediately to the
N of Project area
0Evaluate folded magnetic stratigraphy analogous to
the setting of the Wynberg A, B and C Prospects.
IP survey over Landor and Meehan Prospects 0Target sulphide mineralisation within extensive
multielement (VMS pathfinder) anomalies.
Initial systematic interface drilling. 0
Evaluate bedrock geochemistry of prospective
‘Degrussa analogue’ geology, in areas of shallow
transported cover.
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MANAGEMENT
An experienced, successful and well regarded
resources team
MARCEL HILMER CEO & Exec. Director
Fellow of the Institute of Chartered Accountants and a Member of the Australian Institute of Company Directors with more
than 30 years experience in executive management of global public and private organizations including 6 years as
Business Development Executive with First Quantum Minerals Limited and following as CEO of Forsys Metals
ROWEN COLMAN CFO
Mr. Colman is a Chartered Accountant with over 25 years of senior financial management experience and holds a
Bachelor Degree in Commerce. Recently Mr. Colman spent time as Development Director for a major sovereign wealth
fund in the Middle East managing multiple development projects globally
TONY POUSTIE Director of Exploration
Mr Poustie is a fellow of the Australian Institute of Mining and Metallurgy. He is a geologist with 44 years international
experience in mineral exploration, resource definition, project evaluation and development, and mining. He was General
Manager Exploration from 1998 until the takeover of Dominion by Kingsgate Consolidated Limited in 2011, when he took
on the role of Chief Geologist
GRAHAM KUBALE Exploration Manager
Mr Kubale is a Geologist with over 12 years’ experience in the resources sector, having worked extensively in greenfields
and near-mine exploration for a range of gold, base metal and Iron Ore mineralisation styles in Australia, Asia and
Canada. Graham spent several years at Newmont Mining Corporation, Kingsgate Consolidated and Cliffs Natural
Resources He holds a Bachelor of Applied Science (Geology)
Investor Presentation | Q2 2014 | Page 16
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DIRECTORS
A highly regarded mining focused board
MARCEL HILMER CEO and Executive Director
Fellow of the Institute of Chartered Accountants and a Member of the Australian Institute of Company Directors with more
than 30 years experience in executive management of global public and private organizations including 6 years as
Business Development Executive with First Quantum Minerals Limited and following as CEO of Forsys Metals
JAMES HARRIS Non-Executive Director
Mr Harris has had extensive experience in both Government and private enterprise in Australia and overseas. He has
worked for ten years with both Alcoa of Australia and the United Group Limited. His qualifications are in Legal Studies and
Public Administration and he is a Fellow of the Australian Institute of Company Directors
BRETT MCKEON Non-Executive Director
A founding Director of AFG. Currently holds the position of Managing Director at AFG responsible for group strategy and
corporate governance
PETER ALEXANDER Non-Executive Director
Over 40 years experience in the Australian and international mining and exploration industry. He was Managing Director
of Dominion Mining Limited for 10 years. Mr Alexander is also Chairman of the ASX listed company Doray Minerals
Limited
Investor Presentation | Q2 2014 | Page 17
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CARAVEL
INVESTMENT
SUMMARY
Investor Presentation | Q2 2014 | Page 18
An emerging growth story with compelling projects in WA and QLD
Calingiri: 8 substantial copper-moly targets within a 30km strike length
Wynberg: Copper-gold results confirm outstanding potential of projects located in the world-class Cloncurry mineral province
Bryah: - Surface samples grading up to 50% Mn with average manganese mineralisation of 30% Mn along a 1.5km strike plus VMS potential
Experienced board and management team
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Investor Relations:
Paul Armstrong or Nicholas Read
Read Corporate
Telephone: +61 8 93881474
Corporate and Operations:
Marcel Hilmer, CEO
L3, 18 Richardson Street
West Perth WA 6005
+61 8 9426 6400
www.caravelminerals.com.au
Investor Presentation | Q2 2014 | Page 19
CONTACT
INFORMATION
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Calingiri: Broad Intersections of Copper-
Molybdenum-Silver
Investor Presentation | Q2 2014 | Page 21
HoleID Interval(m)CompositeWidth(m)
(excl.internaldilution)
Cu Mo Ag CuEq
FromTo (%) (ppm) (ppm) (%)
11CARC0111 9.0 126.0 86.0 0.41 162 1.6 0.49
incl. 52.0 70.0 18.0 0.66 208 2.8
12CADD001 48.6 324.2 233.1 0.37 74 2.0 0.42
incl. 170.0 204.0 34.0 0.55 94 2.6
and 258.0 272.8 14.8 0.69 57 3.8
13CARC012 48.0 184.0 122.0 0.39 107 2.0 0.46
incl. 50.0 70.0 20.0 0.89 323 3.9
13CARC019 36.0 164.0 116.0 0.36 35 5.1 0.42
incl. 54.0 74.0 20.0 0.70 29 11.2
13CARC009 28.0 110.0 82.0 0.39 34 4.0 0.44
1-2011drillresults(previouslyreported)
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Calingiri: Comparable Mines and
Exploration Projects
Investor Presentation | Q2 2014 | Page 22
Mining or Mined Operations Deposit Project Owner Location Tns M Cu % Mo % Au g/t Ag g/t
Silver Bell 75% Asarco and 25% Mitsui. United States 267 0.52 0.01 0.03 1.0
Huckelberry Huckelberry Mines Ltd Canada 161 0.48 0.00 0.00 0.9
Ithaca Peak Unknown United States 172 0.46 0.03 0.03 2.2
Bethlehem - Highland Valley Teck Cominco Canada 309 0.45 0.02 0.01 0.4
Lornex (Highland Valley) Teck Cominco Canada 514 0.43 0.02 0.01 1.2
Benkala Frontier Mining/ KazCopper LLP Kazakhstan 309 0.42 0.00 0.07 0.0
Kounrad Central Asia Metals PLC Kazakhstan 272 0.40 0.01 0.02 0.6
Highmont Teck Cominco Canada 265 0.27 0.04 0.00 0.9
Tribag Teck Resources Canada 165 0.15 0.03 0.00 0.0
Exploration Stage Projects Deposit Project Owner Location Tns M Cu % Mo % Au g/t Ag g/t
Magistral Compañía Minera Milpo Peru 190 0.83 0.06 0.00 0.0
Productora Hot Chilli Ltd Chile 165 0.60 0.01 0.10 0.0
GaspŽ Noranda Canada 336 0.56 0.02 0.06 2.8
Pashpap Northern Peru Copper Peru 150 0.55 0.00 0.00 0.0
Pyramid Full Metal Minerals (49%), AntoFagasta (51%)
United States 159 0.37 0.02 0.05 0.0
Mocoa B2Gold Columbia 283 0.37 0.00 0.00 0.0
Llahuin Copper Project Southern Hemisphere Mining Ltd Chile 155 0.30 0.01 0.00 0.1
Maggie Unknown Canada 181 0.28 0.03 0.00 0.0
Brenda Canasil Resources Canada 227 0.16 0.04 0.01 0.6
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