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Caravel Minerals' Definitive Feasibility Study on Track for September Completion

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Caravel Minerals' (ASX:CVV) definitive feasibility study (DFS) for its Caravel project in Western Australia is on track for completion in September, supported by technical, environmental and commercial work streams completed since the pre-feasibility study in 2022, according to a Thursday filing with the Australian bourse.

The DFS mining study confirmed a conventional open pit truck and shovel operation developing Bindi deposit in stages followed by Dasher deposit, the filing said.

The company is expecting submission of the environmental review document to the Environmental Protection Authority in the fourth quarter of the year, per the filing.

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