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How Caravel Minerals’ $15M Loan Could Unlock Australia’s Largest Copper Project
8:54am on Tuesday 10th of June, 2025 AEST
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Mining
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How Caravel Minerals’ $15M Loan Could Unlock Australia’s Largest Copper Project
8:54am on Tuesday 10th of June, 2025 AEST
Key Points
Secured $15 million loan facility from Regal Resources Royalties Fund
Loan term of 18 months with 10% interest capitalised quarterly
Option to repay in cash or convert loan into 0.75% net smelter royalty
Funding supports completion of Definitive Feasibility Study (DFS)
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Caravel Minerals (ASX:CVV)
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