Caravel Minerals Limited (AU:CVV) has released an update.
Caravel Minerals Limited has made significant progress on its Caravel Copper Project, successfully securing approval for its Environmental Scoping Document from the EPA and advancing its feasibility studies and environmental assessments. The project, which is expected to run for over 25 years, will employ low-cost, open-pit mining methods to produce copper and molybdenum concentrates in Western Australia. Moreover, the company is actively engaging with potential investors as the project progresses and copper prices rise.
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