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Caravel Minerals Limited (ASX:CVV)

ALERT: Price-sensitive ASX Announcement for CVV
Current share price for CVV : $0.285 0.115 (67.65%)+
Announcement
Release
2 Oct 2025 4:33PM
Price at Release
$0.170
Full Release
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Summary
Caravel Minerals Limited announced that it has received a preliminary grid connection access offer from Western Power for its Caravel Copper Project. This proposal allows for a connection to the Southwest Interconnected System (SWIS) in Western Australia, with an expected capacity of 89MW in winter and 72MW in summer. This grid connection is crucial for the project's power supply strategy, aiming to produce approximately 65,000 tonnes per annum of copper in concentrate over a span of more than 20 years. This development aligns with Western Power's Clean Energy Link expansion plans and the WA Government's Powering WA initiative, highlighting significant investments in renewable power and transmission line expansions. The connection is a milestone in the project's Definitive Feasibility Study, marking a step toward final investment decisions.
Key Points
  • Caravel received a preliminary grid connection access offer from Western Power.
  • Connection to the Southwest Interconnected System (SWIS) is planned.
  • The offer supports a capacity of 89MW in winter and 72MW in summer.
  • The project aims for long-term copper production of about 65,000 tonnes per annum.
  • This step is part of the Definitive Feasibility Study for investment decisions.
  • The development aligns with WA Government's Powering WA initiative.
  • Western Power's Clean Energy Link expansion is supported by this project.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.