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Caravel Minerals Advances DFS and Secures Key Mining Lease with $220M Debt Interest

8:16pm on Friday 15th of May, 2026 AEST Mining
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Caravel Minerals Advances DFS and Secures Key Mining Lease with $220M Debt Interest

8:16pm on Friday 15th of May, 2026 AEST
Key Points
  • Mining Lease M70/1425 granted over Bindi resource
  • Non-binding Letters of Interest for USD 220M senior debt
  • Process plant and infrastructure designs near completion
  • Environmental Review Document public comment period set for Q3 2026
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