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Caravel Minerals has confirmed a new geological model for the flagship Bindi deposit, located near Perth in WA, after drilling multiple new zones of copper sulphide mineralisation up to 202 metres wide grading 0.31% copper at its namesake project. The company will use the new data to update the mineral resource model and estimate for the Bindi deposit later this quarter.

Caravel Minerals has reported high recoveries of copper averaging 96.1% at coarse grind sizes from a metallurgical test program carried out on diamond core ore composites at its namesake project in the Wheatbelt of WA. The results eclipse the 92% recovery used in the 2016 scoping study and will now feed into the company's updated scoping study report, which is due for release next month.

Caravel Minerals has reported a global mineral resource of 366 million tonnes grading 0.35% copper for its namesake project near Perth in WA, which is a 46% increase in just under three years. The new resources will underpin a new scoping study for the project, which will incorporate all recent technical work to assist in updating capital and operating costs to potentially develop the project.

Caravel Minerals has confirmed a new geological and structural model for the Bindi deposit, located near Perth in WA, by drilling multiple new zones of copper sulphide mineralisation up to 200m wide at its namesake project. The company is updating the mineral resource model and an updated mineral resource estimate for the project is expected later this quarter, incorporating all the new geology and assay data.

Caravel Minerals has drilled multiple zones of thick copper mineralisation at the Dasher prospect within its namesake project, located northeast of Perth in the Wheatbelt region of WA. Best intersections include 56m @ 0.53% copper from 18m down-hole and a new deeper discovery of 31.7m grading 0.42% copper from 146m down-hole that included a higher grade 13.7m section going 0.61% copper from 164m.

Caravel Minerals has the wind in its sails now after its recent diamond drilling program at its copper project in the Wheatbelt confirmed the presence of thick, higher grade zones at the Bindi Hinge zone with assays of up to 26m @ 0.69% copper from 182m down-hole. The new results have increased support for an alternative development model based on the initial mining of higher grade zones at its namesake copper project.