** Shares of Caravel Minerals CVV.AX rise 7.4% to A$0.145, their highest level since April 16
** Stock set for its strongest session since April 10 - if current trends hold
** Mineral miner yields high-grade copper, molybdenum and precious metals due to a simplified process design at the Caravel Copper Project in Western Australia (WA)
** Co says this sets the stage for cost savings by streamlining plant design
** About 321,646 shares change hands, 1.3x the 30-day average of 242,025 shares
** Stock down 23.7% YTD, including current session's moves
(Reporting by Manasi Dasa in Bengaluru)
((Manasi.DasaSundeep@thomsonreuters.com;))
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