Investor Presentation - ASX · Resume drilling at the Calingiri project; focusing on Dasher East, Edmonds, Bindi and Cavel 25 Aim to report Exploration Targets for the remaining prospects

Investor

Presentation Q2 2014

Marcel Hilmer, CEO

ASX: CVV

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DISCLAIMER, FORWARD-LOOKING STATEMENTS &

COMPETENT PERSON STATEMENT

Investor Presentation | Q2 2014 | Page 2

Disclaimer The presentation materials (and the contents of the presentation) are for information purposes only and do not constitute an offer or invitation to subscribe for or purchase any securities, and neither the presentation materials nor anything contained therein nor the fact of their distribution nor the contents of the presentation shall form the basis of or be relied on in connection with or act as any inducement to enter into any contract or commitment whatsoever. The information contained in this presentation is subject to material updating, completion, revision, amendment and verification. No reliance should be placed on the information and no representation or warranty (express or implied) is made by the Company, any of their respective directors or employees or any other person, and, save in respect to fraud, no liability whatsoever is accepted by any such person, in relation thereto. The Company does not provide any financial product advice.

Forward-Looking Statements All statements other than historical fact, contained in this presentation constitute “forward-looking statements” and are based on reasonable expectations, assumptions and projections by the Company as of the date of this presentation. Expectations and assumptions are subject to uncertainties and contingencies of unknown factors that may cause variation in such forward-looking statements beyond the Company’s ability to control or predict. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

Competent Person Statement The information in this presentation that relates to Exploration Targets and Exploration Results is based on and fairly represents information and supporting documentation compiled by Tony Poustie, a Competent Person who is a full-time employee of Caravel Minerals Limited and a Fellow of the Australasian Institute of Mining and Metallurgy. Mr. Poustie has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Poustie consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. In relation to the Wynberg Project Mineral Resources, Mr Poustie has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Poustie consents to the inclusion in the report of the matters based on his information in the form and context in which it appears and with the consent of Kingsgate Consolidated Minerals. It is noted that an Exploration Target is conceptual in nature and there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource at the Dasher Prospect within the larger Calingiri Project.

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Gateway to

some of

Australia’s

most compelling

growth project’s


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Projects Status Target Location Holding Area (km2)

CALINGIRI Granted and Pending Copper, Gold, Molybdenum WA, Australia 15 tenements – 100% 2 tenements – 80% 5 applications

915.2

WYNBERG Granted Gold, Copper QLD, Australia

2 tenements – 100% 1 tenement – option to earn 80%

83.5

BRYAH Granted Copper, Gold, Manganese WA, Australia 2 tenements – 100% 1 tenement – 92.5%

345.4

KUKERIN Granted Gold, Nickel WA, Australia 4 tenements – 100% 399.6

BULLOCK POOL & NANICUP BRIDGE

Granted Gold WA, Australia 4 tenements – 100% 1 application

682.6

AUSTRALIAN PORTFOLIO

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CAPITAL STRUCTURE

Caravel Minerals Major Shareholders

Cash*: $1.1 M

Share Price: $0.016

12 months range: $0.01 -$0.05

Avg. volume (3 mths): 230k

Market Cap (undiluted): A$10M

Shares Outstanding: 651 M

Listed Options: 226 M

Unlisted Options: 109 M

Fully Diluted: 986 M

* as of December 31, 2013

Kingsgate Consolidated 20.7%

First Quantum Minerals 12.8%

Directors and employees 10.0%

Waratah Investments Group 6.2%

Copulos Group 4.2%

Newstead South Holdings 3.5%

Hole 12CADD001 – 225.1m Dasher Hole 12CADD001 – 123.9m

Invest in Growth

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A Significant New Mineralised

District within the Yilgarn

CALINGIRI, WA


30 Km trend with 8

major prospects

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A large tonnage, disseminated style, primary

copper-molybdenum sulphide system

• Excellent geophysical and drilling results along 7.5km

section within 6 prospects

• Exploration Target1 for Dasher Prospect of 50 - 100Mt

grading 0.37 – 0.45% CuEq

• Metallurgical testwork supports recoveries of 96.0% -

96.4% copper, 93.0% - 98.2% molybdenum and 76.1%

- 80.2% silver

1. An Exploration Target is conceptual in nature and there

has been insufficient exploration to estimate a Mineral

Resource and it is uncertain if further exploration will result

in the estimation of a Mineral Resource. See News

Releases dated 2 August 2013 and 17 March 2014


OUR CORE FOCUS | CALINGIRI

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50 - 100Mt grading 0.37 – 0.45% CuEq incl. Mo and Ag

CALINGIRI – DASHER PROSPECT


>200m Composite

widths

• Broad intersections of copper-

molybdenum-silver-gold

mineralisation

• 1,050m long and open

• 50 - 150m thick extending to

vertical depths of 275m and

open

• 90 mins north of Perth with

infrastructure in place

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WYNBERG

PROJECT, QLD

140k Inferred

resource:

3.1Mt @ 1.4

g/t Au

Recent results

have significantly

upgraded the

potential and

prospectivity of the

project


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Three Significant Prospects with Further Exploration

Growth

WYNBERG PROJECT


Cloncurry style

copper-gold

system with high

grade outcropping

mineralisation

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The sequence is analogous to the regional metasomatic alteration pattern

associated with many gold and gold-copper deposits in the Cloncurry District

WYNBERG “A” PROSPECT


Significant historical intersections including:

• 12m @ 7.1 g/t Au from 26 metres







Copper grades of 0.5% - 1.0%

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WYNBERG “B” PROSPECT


Robust surface copper-gold anomalies identified from systematic soil

samples and semi-continuous zone of outcropping high-grade copper-gold

mineralisation over a strike length of 3 Km

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WYNBERG “C” PROSPECT


• Represents the continuation/extension of folded Wynberg A stratigraphy

• Surface rock chip grades of up to 50.8% Cu and 13.8g/t Au with

associated silver

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BRYAH PROJECT, WA


• Located ~80km north of

Meekatharra – 60km south-west of

the Degrussa Copper-Gold Deposit

• Anomalous elements are

pathfinder elements to Degrussa-

style VMS deposits

• Landor prospect semi-continuous

zone of outcropping high-grade

manganese rock chips discovered

showing continuity over 1.5km

along north margin of anomaly

Two large multi-element anomalies outlined in a geological

setting analogous to the Degrussa deposit

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CARAVEL PROJECT SCHEDULE


Quarter

CORPORATE

Q1 14

CALINGIRI

Q2 / Q3 14

WYNBERG

Q2 / Q3 14

BRYAH

Q3 / Q4 14

Objective % Completed Notes

Equity placement with FQM and commence

Technical Cooperation Agreement100

Inject $1.25m for the development of the Calingiri

Project. Work collaboratively to advance the project.

Interface drilling to the NE of the Wynberg A

Prospect0

Test for strike extensions of the 140,000 oz. gold

resource under shallow transported cover.

Additional drilling to test the strike extensions

of the Dasher mineralization.10 Increase the existing Exploration Target.

Initial RC drilling at the Wynberg B & C

Targets 10

Evaluate bedrock continuity and geological setting of

surface high grade copper and gold mineralisation

Resume drilling at the Calingiri project;

focusing on Dasher East, Edmonds, Bindi and

Cavel

25

Aim to report Exploration Targets for the remaining

prospects that are similar or larger than the advanced

Dasher prospect

Initial soil geochemical coverage of recently

granted tenement located immediately to the

N of Project area

0Evaluate folded magnetic stratigraphy analogous to

the setting of the Wynberg A, B and C Prospects.

IP survey over Landor and Meehan Prospects 0Target sulphide mineralisation within extensive

multielement (VMS pathfinder) anomalies.

Initial systematic interface drilling. 0

Evaluate bedrock geochemistry of prospective

‘Degrussa analogue’ geology, in areas of shallow

transported cover.

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MANAGEMENT

An experienced, successful and well regarded

resources team

MARCEL HILMER CEO & Exec. Director

Fellow of the Institute of Chartered Accountants and a Member of the Australian Institute of Company Directors with more

than 30 years experience in executive management of global public and private organizations including 6 years as

Business Development Executive with First Quantum Minerals Limited and following as CEO of Forsys Metals

ROWEN COLMAN CFO

Mr. Colman is a Chartered Accountant with over 25 years of senior financial management experience and holds a

Bachelor Degree in Commerce. Recently Mr. Colman spent time as Development Director for a major sovereign wealth

fund in the Middle East managing multiple development projects globally

TONY POUSTIE Director of Exploration

Mr Poustie is a fellow of the Australian Institute of Mining and Metallurgy. He is a geologist with 44 years international

experience in mineral exploration, resource definition, project evaluation and development, and mining. He was General

Manager Exploration from 1998 until the takeover of Dominion by Kingsgate Consolidated Limited in 2011, when he took

on the role of Chief Geologist

GRAHAM KUBALE Exploration Manager

Mr Kubale is a Geologist with over 12 years’ experience in the resources sector, having worked extensively in greenfields

and near-mine exploration for a range of gold, base metal and Iron Ore mineralisation styles in Australia, Asia and

Canada. Graham spent several years at Newmont Mining Corporation, Kingsgate Consolidated and Cliffs Natural

Resources He holds a Bachelor of Applied Science (Geology)


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DIRECTORS

A highly regarded mining focused board

MARCEL HILMER CEO and Executive Director

Fellow of the Institute of Chartered Accountants and a Member of the Australian Institute of Company Directors with more

than 30 years experience in executive management of global public and private organizations including 6 years as

Business Development Executive with First Quantum Minerals Limited and following as CEO of Forsys Metals

JAMES HARRIS Non-Executive Director

Mr Harris has had extensive experience in both Government and private enterprise in Australia and overseas. He has

worked for ten years with both Alcoa of Australia and the United Group Limited. His qualifications are in Legal Studies and

Public Administration and he is a Fellow of the Australian Institute of Company Directors

BRETT MCKEON Non-Executive Director

A founding Director of AFG. Currently holds the position of Managing Director at AFG responsible for group strategy and

corporate governance

PETER ALEXANDER Non-Executive Director

Over 40 years experience in the Australian and international mining and exploration industry. He was Managing Director

of Dominion Mining Limited for 10 years. Mr Alexander is also Chairman of the ASX listed company Doray Minerals

Limited


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CARAVEL

INVESTMENT

SUMMARY


An emerging growth story with compelling projects in WA and QLD

Calingiri: 8 substantial copper-moly targets within a 30km strike length

Wynberg: Copper-gold results confirm outstanding potential of projects located in the world-class Cloncurry mineral province

Bryah: - Surface samples grading up to 50% Mn with average manganese mineralisation of 30% Mn along a 1.5km strike plus VMS potential

Experienced board and management team

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Investor Relations:

Paul Armstrong or Nicholas Read

Read Corporate

Telephone: +61 8 93881474

Corporate and Operations:

Marcel Hilmer, CEO

L3, 18 Richardson Street

West Perth WA 6005

+61 8 9426 6400

[email protected]

www.caravelminerals.com.au


CONTACT

INFORMATION

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mailto:[email protected]

http://www.caravelminerals.com.au

APPENDIX

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Calingiri: Broad Intersections of Copper-

Molybdenum-Silver


HoleID Interval(m)CompositeWidth(m)

(excl.internaldilution)

Cu Mo Ag CuEq

FromTo (%) (ppm) (ppm) (%)

11CARC0111 9.0 126.0 86.0 0.41 162 1.6 0.49

incl. 52.0 70.0 18.0 0.66 208 2.8

12CADD001 48.6 324.2 233.1 0.37 74 2.0 0.42

incl. 170.0 204.0 34.0 0.55 94 2.6

and 258.0 272.8 14.8 0.69 57 3.8

13CARC012 48.0 184.0 122.0 0.39 107 2.0 0.46

incl. 50.0 70.0 20.0 0.89 323 3.9

13CARC019 36.0 164.0 116.0 0.36 35 5.1 0.42

incl. 54.0 74.0 20.0 0.70 29 11.2

13CARC009 28.0 110.0 82.0 0.39 34 4.0 0.44

1-2011drillresults(previouslyreported)

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Calingiri: Comparable Mines and

Exploration Projects


Mining or Mined Operations Deposit Project Owner Location Tns M Cu % Mo % Au g/t Ag g/t

Silver Bell 75% Asarco and 25% Mitsui. United States 267 0.52 0.01 0.03 1.0

Huckelberry Huckelberry Mines Ltd Canada 161 0.48 0.00 0.00 0.9

Ithaca Peak Unknown United States 172 0.46 0.03 0.03 2.2

Bethlehem - Highland Valley Teck Cominco Canada 309 0.45 0.02 0.01 0.4

Lornex (Highland Valley) Teck Cominco Canada 514 0.43 0.02 0.01 1.2

Benkala Frontier Mining/ KazCopper LLP Kazakhstan 309 0.42 0.00 0.07 0.0

Kounrad Central Asia Metals PLC Kazakhstan 272 0.40 0.01 0.02 0.6

Highmont Teck Cominco Canada 265 0.27 0.04 0.00 0.9

Tribag Teck Resources Canada 165 0.15 0.03 0.00 0.0

Exploration Stage Projects Deposit Project Owner Location Tns M Cu % Mo % Au g/t Ag g/t

Magistral Compañía Minera Milpo Peru 190 0.83 0.06 0.00 0.0

Productora Hot Chilli Ltd Chile 165 0.60 0.01 0.10 0.0

GaspŽ Noranda Canada 336 0.56 0.02 0.06 2.8

Pashpap Northern Peru Copper Peru 150 0.55 0.00 0.00 0.0

Pyramid Full Metal Minerals (49%), AntoFagasta (51%)

United States 159 0.37 0.02 0.05 0.0

Mocoa B2Gold Columbia 283 0.37 0.00 0.00 0.0

Llahuin Copper Project Southern Hemisphere Mining Ltd Chile 155 0.30 0.01 0.00 0.1

Maggie Unknown Canada 181 0.28 0.03 0.00 0.0

Brenda Canasil Resources Canada 227 0.16 0.04 0.01 0.6

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Documents

Investor Presentation - ASX · Resume drilling at the Calingiri project; focusing on Dasher East, Edmonds, Bindi and Cavel 25 Aim to report Exploration Targets for the remaining prospects