Caravel Minerals to Save Costs on Definitive Engineering Study with Simplified Process Flowsheet, Shares Rise 15%

MT Newswires Live

Apr 23, 2025

Caravel Minerals (ASX:CVV) said it developed a simplified process flowsheet that yields high-grade copper, molybdenum, and precious metals, enabling cost savings in the definitive engineering study for the Caravel copper project in Western Australia, according to a Wednesday Australian bourse filing.

Testwork confirmed a copper recovery of 86%, yielding around 303,000 tonnes per year of 22% copper concentrate and molybdenum recovery of 43%, yielding around 1,128 tonnes per year of 52% molybdenum concentrate.

It also yields an annual average of 14,600 ounces of gold and 664,700 ounces of silver within the copper concentrate, as well as 1,128 tonnes of molybdenum in a separate saleable concentrate.

The new design allows for cost reduction by streamlining the plant design and balancing grind size for energy savings. It adopts a conventional crush, grind, and flotation flowsheet while eliminating secondary crushing.

Its shares rose 15% in recent trading on Thursday.

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It adopts a conventional crush, grind, and flotation flowsheet while eliminating secondary crushing.</p><p>Its shares rose 15% in recent trading on Thursday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XAO.AU","symbol_name":"标普/澳交所 普通股指数","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2529546761","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2529546761","pubTimestamp":1745388554,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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