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Caravel Minerals Secures Water Rights and $5M to Propel Copper Project

6:38pm on Sunday 1st of June, 2025 AEST Mining
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Caravel Minerals Secures Water Rights and $5M to Propel Copper Project

6:38pm on Sunday 1st of June, 2025 AEST
Key Points
  • Option Agreement signed securing water licences and borefield land
  • Feasibility study updates improve mine plan and tailings management
  • Share placement raises $5 million from institutional and management investors
  • Power connection studies underway with grid access offer expected mid-2025
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