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Caravel Minerals Limited (ASX:CVV)
ALERT: Price-sensitive ASX Announcement for CVV
Current share price for CVV : $0.230 -0.085 (-26.98%)+
Announcement
Release
2 Apr 2026 2:38PM
Price at Release
$0.315
Full Release
Summary
Caravel Minerals Limited has announced an extension of the Definitive Feasibility Study (DFS) for their Caravel Copper Project by three months, now set to be completed in September 2026. The extension aims to refine key areas such as water studies and environmental review documents. This decision does not alter the target for regulatory approvals anticipated by the end of 2027. Post-DFS, the company plans to advance with Front-End Engineering Design and operational readiness while continuing strategic partnerships including discussions with Adani.
Key Points
- DFS timeline extended by three months to September 2026.
- Focus areas include water studies and environmental documentation.
- No impact on the regulatory approval target for end-2027.
- Post-DFS plans include Front-End Engineering Design and operational readiness.
- Continued engagement with strategic partners, including Adani.
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.
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