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Caravel Copper DFS Progresses as Regulatory Hurdles Delay Final Investment Decision

12:52pm on Wednesday 25th of February, 2026 AEDT Mining
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Caravel Copper DFS Progresses as Regulatory Hurdles Delay Final Investment Decision

12:52pm on Wednesday 25th of February, 2026 AEDT
Key Points
  • Definitive Feasibility Study (DFS) on schedule for H1 2026 release
  • Strategic partnership with Adani progressing with draft offtake term sheet
  • Additional water investigations extend regulatory approval timeline
  • Final Investment Decision (FID) deferred to end of 2027
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