https://www.miningweekly.com

Caravel raises funds for WA copper project

15th August 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Junior Caravel Minerals will raise just over A$2-million through a partially underwritten, non-renounceable rights issue to complete additional work at its Calingiri copper project, in Western Australia.

Eligible shareholders will be able to apply for one new share for every three shares held, at an issue price of 5c a share.

Caravel said on Wednesday that the funds raised would cover further drilling and metallurgical testwork, new resource modelling, infrastructure studies and groundwater supply studies, as well as land tenure and social and environmental studies.

The additional work will allow Caravel to make a decision to proceed with a final feasibility study to support a final decision to mine.

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION