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CVV - Caravel Minerals

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Silver Swan Group Ltd (SWN) list tomorrow at 2.30pm. It has acquired tenements in SA exploring for mainly nickel and gold. It raised $3 million via their IPO which closed early over subscribed.

15 million shares on hand which seem to be rather tightly held.
 
Re: SWN - Silver Swan Group

Still a few hours to go but looks like listing at 26 cents. Lots of buyers, few sellers so far
 
Re: SWN - Silver Swan Group

Great debut - opened at 27.5cents high of 30 cents and limited sellers. One to watch
 
Re: SWN - Silver Swan Group

Wow nothing on SWN for nearly 6 years.

Ordinary Shares 131.5 million
Options 35.0 million
Market Cap (at 3.6 cents) $4.7 million
Cash $3.4 million

Shareholders
Copulos Group 17.73%
Paul van Loenhout 4.16%
HSBC Nominees Australia Limited 3.86%
Hillgrove Resources Limited 3.19%
Richard Brown 2.56%


Projects – Spain and Australia

La Codosera Gold Project
• Located 40km from the provincial capital Badajoz of the Extremadura region of eastern Spain
• Five mineral permits (Afra, Buenavista, Breña, Monteviejo and Sierra Lugar) of 18.5km²
• Extensive historic gold workings; 8 gold prospects
• Gold associated with stacked saddle reefs, in fault-parallel veins, steep oblique breccia zones, along the limbs and in the core of antiforms, in conglomeratic quartzites

Potential for significant and multiple horizons of open-pit gold mineralisation
• Historic diamond drilling returned high-grade intersections: 10m @ 3.6g/t Au & 4.6m @ 2.3g/t Au (C27B); 8m
@ 3.0g/t Au (C-27); 7.1m @ 2.7g/t Au (C-32); 4m @ 5.9g/t Au (Ng-08); 16m @ 1.5g/t Au (NG-15)
• Positive historic trench results 22m @ 1.7 g/t, 16m @ 2.7 g/t, 4m @ 7.2 g/t and others
• Native gold filling fractures and vugs at Cerro de Los Algarbes
• Potential for significant and multiple horizons of gold: open pit
• Large undrilled areas to be tested

Joint Venture - Silver Swan Group & Astur Gold Inc: Key terms
• Silver Swan will expend on exploration a total of AUS$3.0M for an 80% interest in the project from Astur Gold
- $1.5M expenditure to earn 51% within a period of 3.5 years (including $500,000 minimum expenditure
commitment to be expended within a period of 14 months)
- $1.5M expenditure to earn 80% within a period of 5 years
• SWN will provide to Astur up to $1.0m worth of SWN shares, in $0.5m tranches, conditional upon SWN achieving Indicated JORC Resources of 500,000oz gold and 1,000,000oz gold respectively

Quinns VMS Project
JORC Mineral Resource Estimate: (ASX Announcement 6 April, 2010)
1.48Mt@1.02% Cu, 1.39% Zn, 0.24g/t Au, 3.31g/t Ag
Measured (463,428t) Indicated (703,286t) Inferred (317,708t)
High grade intercepts
• 58m@2% Cu from 148m, including:
• 5m@ 10% Cu
• 2m@ 17% Cu
• 38m@14% Zn from 105m, including:
• 2m@46% Zn
• 6m@33% Zn





Flinders VMS Prospect
Flinders prospect – strong indicators of VMS mineralisation
11FLD001 5m @ 1.2% Zn, (258-263m), 11m @ 0.2%Cu
11FLRCD003 10m @ 4.7% Zn incl. 6m @ 7.0% Zn (247-257m)
11FLRCD004 5m @ 1.3% Zn (333-338m) & 6m @ 0.3% Cu (336-342m)
11FLRCD006 8m @ 1.2% Zn incl. 1m @ 5.1% Zn (252-260m)

Drilling to commence in mid June

Tasman & Murchison Wonder VMS Prospect
10TSRC002 6m @ 3%Zn, 12m @ 5.5g/t Ag, 6m @ 0.4%Cu
Drilling of diamond holes in each prospect area is due to commence in mid June


11MWRC005 3m @ 2.9%Zn, incl. 1m @ 5.5% Zn, 1m @ 2.7% Zn
11MWRC003 9m @ .85% Zn, incl. 1m @ 1.53% Zn, 1m@1.2% Zn,1m@1.3% Zn

YAGAHONG PROJECT
• Highly prospective for Cu-Au mineralisation
• Airborne VTEM has delineated 5 anomalies
• Drilling at Lady Alma into off-hole conductor
• All NE-trending fault systems to be systematically traversed for Gabanintha Cu-Au style mineralisation
2m @ 1.3% Cu
Copper Hills
7m @ 1% Cu, 2m @ 2.6% Cu,
1m @ 3g/t Au, 1m @ 1.4% Cu
• Highly prospective for Cu-Au mineralisation
• Airborne VTEM has delineated 5 anomalies
• Drilling at Lady Alma into off-hole conductor
• All NE-trending fault systems to be systematically traversed for
Gabanintha Cu-Au style mineralisation


3m @ 1.4% Cu, 1m @ 1.8g/t Au
2m @ 1.3% Cu, 3m @ 1.4% Cu, 5g/t Au,
3m @ 1% Cu, 1m @ 2g/t Au, 1m @ 1.9% Cu, 2.3g/t Au
3m @ 2.5% Cu, 1m @ 1.4g/t Au
7m @ 1.3% Cu, 3m @ 2% Cu
4m @ 2.4% Cu, 1.6g/t Au
5m @ 1.2g/t Au

Abbotts Gold Project
• Tenements cover 265km², 30km NNW of Meekatharra
• Prospective for lode-gold mineralisation
• Dismembered layered intrusion, felsic & mafic sequences – opens up Cu-Zn mineralisation
• Over 600m of strike, gold results include: 4m @ 13.9g/t, 4m @ 13.2g/t, 3m@21.5g/t, 4m@10g/t, 5m@39.2g/t. 3m@12.5g/t
• Anomalous copper mineralisation identified in the north
• Much of Abbotts remains unexplored




Fully Underwritten Rights Issue to raise $2.1M
$2.1M to be raised in a fully underwritten Rights Issue
One new share offered at $0.032 for every two shares on issue
One free attaching listed option with an exercise price of $0.07 cents per share for every two new shares issued
Cash to be principally directed at exploration and drilling programmes in Spain and Australia
 
On November 27, 2012, Silver Swan Group Limited (SWN) changed its name to Caravel Minerals Limited (CVV).
 
When anyone last posted on Caravel Minerals Kev 07 was still sooking, Julia Gillard was PM, Tony Abbott was Opposition leader and Peter Slipper resigned as Speaker.

Simpler times.

CVV is a stock quoted on the ASX whose existence I knew not of until a few minutes ago.

It is a copper and gold outfit who have recently started drilling. Good luck to them. My pick in the September Competition.

gg
 
Garpal Gumnut said:
CVV is a stock quoted on the ASX whose existence I knew not of until a few minutes ago.

It is a copper and gold outfit who have recently started drilling. Good luck to them. My pick in the September Competition.

gg
Click to expand...

Another nice Monthly result for CVV, so far up 121% in December.

Screenshot 2020-12-21 121254.png
 
I have picked CVV as one of my stock picks for CY 2022 competition.

It is a bit of a punt and in the light of day perhaps one of the Uranium Stocks the likes of VMY may have been a better choice but because of the nature of the competition I hope a punt like CVV may just pay off as 365 days is a very long time when you are looking at bars on a chart.
2022 appears to be the year of the Electric Car with most, if not all Car manufacturers gearing up for EC production and there is a lot of copper in each car.

bux


 
Well the learning continues.

After holding CVV since 1/09/2020 I decided last week to trade half my holding for some RTR.

Yep sold CVV and bought RTR 25th March.

My amateur's eye saw better value in the latest drilling results for RTR. However CVV does potentially appear to have a lot of Copper but at much lower grades.

CVV appears to have now broken out of its downtrend on Friday.

Time will tell if my decision was a wise one.

I can only take away the importance of support and resistance on a longer term chart and Patience.

But on the other hand my reasoning was too I had already said goodbye to such a lot of profit.

bux
 

Attachments

  • PFS-Processing-Update---Caravel-Copper-Project.PDF
    589.6 KB · Views: 6
What the optimists are saying

Caravel (CVV), which has just released an independent project enhancement study on its namesake project in WA, is a case in point.
It is a big low-grade deposit (1.18 billion tonnes at 0.24% copper with molybdenum credits) some 120km north-east of Perth.
The study outcomes included a 10% increase in plant capacity to 30Mtpa and a molybdenum recovery circuit for a modest increase in capex to $1.7b from $1.6b, with all-in sustaining costs reined in from $US2.37/lb to $US2.07/lb.
From those figures it can be seen that the low-grade is not the barrier it might seem. The bulk mining of the ore in low-strip open-cuts, the existence of supporting infrastructure, and the availability of drive-in local workforce, makes projects like Caravel work.
Using a $US4/lb copper price forecast, the pre-tax NPV of the bigger project rises from $1.5b to $2b. And noteworthy here is that the company has said previously that each US50c/lb rise in copper price assumptions adds $900m to the NPV.
Assume $5/lb copper and the NPV grows to $3.8b, $US6/lb copper would make for an NPV of $5.6b. There was little wonder then that on the release of the bigger picture at Caravel on Thursday, the stock put on 4.5c or 18.75% to 28.5c for a market cap of $136m.

Canaccord has a 50c price target on the stock and is revieing the impact on its valuation of the inclusion of a molybdenum circuit.
“If 60% of the molybdenum can be recovered with payabilities of 75% of a $US20/lb sale price and upfront capital of $50m for the circuit, an additional 7c could be added to added to our Caravel valuation,” Canaccord said.
 
Low grade.
Offhand the only thing I like about it is that Lycopodium is in on the definitive feasibility study. Also Mo in the mix grudgingly.
Read the article today on the Stockhead advertising site and a huge plant and Moly recovery circuit for $1.7B by a company that has already hyperinflated its stock and done a consolidation(s) of what looks like 20:1 going by the all data chart.
And at best 3 years before production so a lot of time for macro developments to crush the stock market.

Not Held
 
finicky said:
Low grade.
Offhand the only thing I like about it is that Lycopodium is in on the definitive feasibility study. Also Mo in the mix grudgingly.
Read the article today on the Stockhead advertising site and a huge plant and Moly recovery circuit for $1.7B by a company that has already hyperinflated its stock and done a consolidation(s) of what looks like 20:1 going by the all data chart.
And at best 3 years before production so a lot of time for macro developments to crush the stock market.

Not Held
Click to expand...
Good afternoon @finicky

Some updated info attached. rcw1 been having a good looksee at this one.

Nothing set in concrete though with ongoing Feasibility Study, now scheduled for completion in Q4 2024. Not much dynamic movement likely till then.

rcw1 notes the company all cashed up; PoC looking better; the drilling numbers/data appear to be compelling for a porphyry copper deposit and recent metallurgical testwork shows a material (50-60%) increase in precious metal recoveries, up from a previous estimate of 30%; also it has been disclosed precious metals contained in the Mineral Resource are expected to result in substantially higher by-product credits, higher cashflows and lowering C1 costs which are expected to result in a valuation increase for the Project.

Copper projects under development now have an average grade of 0.39% or less, according to Mining Intelligence.

I have attached the relevant documentation. At this stage of the mine, and information made available, with the SP under $0.20, for mine, rcw1 is seriously considering going for a board ride with this one. Appreciate any further banter from you concerning this one m8.

Hitting that 4 bucks a pound mark would be nice, not quite there yet.

1703317003375.png



1703319966594.png


Kind regards
rcw1
 

Attachments

  • Development-Update---Caravel-Copper-Project.PDF
    897.6 KB · Views: 5
  • 2023-Mineral-Resource-Update---Caravel-Copper-Project.PDF
    3.7 MB · Views: 5
rcw1 said:
rcw1 notes the company all cashed up;
Click to expand...
Sorry for the delayed reply @rcw1. I watched a vid and read a preso but I can't get enthused. I stress that this is not a thinking disposition but more an emotional one. I accept that grade is not always king and you've looked into the average grade of mines in development but I still get attracted to grade. I deviated from this last year when I bought into a low grade (0.6g/t) gold resource in Saturn Minerals (STN) because it was anticipated to be a piece in a jigsaw puzzle of regional consolidation - probably by Genesis Minerals (GDM). Also what happened to Chalice Mines recently upon release of its scoping study is fresh and raw. Anyway bailed out of STN for a tax loss - so I am jaded with anything low grade and anything not currently making money. Also they're counting on US$4/lb copper in the future, which as you mention is not the price now. And where you say cashed up - isn't that only to get through feasibility? Somewhere up ahead is the $1.5B or so of capital for the huge plant and this for a company that already stinks from hyperinflation of shares.
A trading stance might be very different, don't know.
 
debtfree said:
Chart Update Only ... ;)


View attachment 173223
Click to expand...
My pick in the April 2024 Competition.

I have not been following the ASX of late being in trading/investing parked in Gotham and sleepy of eye by day, but I glanced at @debtfree 's chart of CVV and said to myself, what a wonderful looking recovery image.

So my reasons for choosing are 1/ Sloth 2/ Technical.

There appear to be more buyers than sellers and it would seem that a 50% move ( should one eventuate ) from 20c to 30c is possible before resistance is hit. I do hope it waits until April1 before taking off. From the foregoing comments here on ASF it is cashed up and seeks materials precious and non.

gg
 
Good afternoon

So what's doing with this one??

Announcement 18 October 2024:
Firm commitments received to raise $5 million (before costs) at an offer price of $0.145 per share (approximately 34.5 million new fully paid ordinary shares) • Offer was well supported by new and existing institutional and sophisticated investors, in addition to Management. • Funds are to be used for the continued development of Caravel Copper Project in WA, including ongoing feasibility studies, permitting, land requirements and infrastructure studies. • Upon settlement of the Placement, Caravel will have a cash balance of $10 million to advance the Caravel Copper Project towards a final Feasibility Study.
Daily Chart
1729996458000.png

Not holding

Kind regards
rcw1
 

Attachments

  • $5M-Share-Placement.PDF
    267.1 KB · Views: 0
rcw1 said:
So what's doing with this one??

Announcement 18 October 2024:
..............Upon settlement of the Placement, Caravel will have a cash balance of $10 million to advance the Caravel Copper Project towards a final Feasibility Study.
Click to expand...
@rcw1 I would be reluctant to buy at this stage so maybe others are as well and the SP may not go anywhere. My concerns would be the time frame:
1. The EIS has to be amended and and approval will not occur till Q4 2025 if they are lucky;
2. The ground is being used for cropping until approvals are received;
3. Settlement of the land will not occur until at least 2006 or later so the will not be able to start infrastructure work till then;
4. The spending is at a rate of about $7 million per year and will likely increase with all the feasibilities being started so there will be more capital raising before they can think about even buying the land and starting infrastructure.
5. ... and then who knows what the copper price will be say, at the end of 2006.

Having said that, they seem to have all the ducks in row and could likely be a good investment, just not yet for me.
 

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