Caravel Presentation - Q4 2013 V1 · Investor Presentation | Q4 2013 | Page 16 Quarter Q4 13 Q4 13 Q4 13/ Q1 14 Q1 14 Q2/3 14 Objective % Completed Notes Complete a cost efficiency

Investor Presentation Q4 2013

Marcel Hilmer, CEO ASX: CVV

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DISCLAIMER, FORWARD-LOOKING STATEMENTS & COMPETENT PERSON STATEMENT

Investor Presentation | Q4 2013 | Page 2

Disclaimer*The*presenta0on*materials*(and*the*contents*of*the*presenta0on)*are*for*informa0on*purposes*only*and*do*not*cons0tute*an*offer*or*invita0on*to*subscribe*for*or*purchase*any*securi0es,*and*neither*the*presenta0on*materials*nor*anything*contained*therein*nor*the*fact*of*their*distribu0on*nor*the*contents*of*the*presenta0on*shall*form*the*basis*of*or*be*relied*on*in*connec0on*with*or*act*as*any*inducement*to*enter*into*any*contract*or*commitment*whatsoever.***The*informa0on*contained*in*this*presenta0on*is*subject*to*material*upda0ng,*comple0on,*revision,*amendment*and*verifica0on.**No*reliance*should*be*placed*on*the*informa0on*and*no*representa0on*or*warranty*(express*or*implied)*is*made*by*the*Company,*any*of*their*respec0ve*directors*or*employees*or*any*other*person,*and,*save*in*respect*to*fraud,*no*liability*whatsoever*is*accepted*by*any*such*person,*in*rela0on*thereto.*The*Company*does*not*provide*any*financial*product*advice.***ForwardELooking*Statements*All* statements* other* than* historical* fact,* contained* in* this* presenta0on* cons0tute* “forwardElooking* statements”* and* are* based* on* reasonable* expecta0ons,*assump0ons*and*projec0ons*by* the*Company*as*of* the*date*of* this*presenta0on.*Expecta0ons*and*assump0ons*are* subject* to*uncertain0es*and*con0ngencies*of*unknown*factors*that*may*cause*varia0on* in*such*forwardElooking*statements*beyond*the*Company’s*ability*to*control*or*predict.*There*can*be*no*assurance*that*forwardElooking*statements*will*prove*to*be*accurate,*as*actual*results*and*future*events*could*differ*materially*from*those*an0cipated*in*such*statements.***Competent*Person*Statement*The* informa0on* in* this* presenta0on* that* relates* to* Explora0on* Targets* and* Explora0on* Results* is* based* on* and* fairly* represents* informa0on* and* suppor0ng*documenta0on*compiled*by*Tony*Pous0e,*a*Competent*Person*who*is*a*fullE0me*employee*of*Caravel*Minerals*Limited*and*a*Fellow*of*the*Australasian*Ins0tute*of*Mining*and*Metallurgy.*Mr.*Pous0e*has*sufficient*experience*that*is*relevant*to*the*style*of*mineralisa0on*and*type*of*deposit*under*considera0on*and*to*the*ac0vity*being*undertaken*to*qualify*as*a*Competent*Person*as*defined*in*the*2012*Edi0on*of*the*‘Australasian*Code*for*Repor0ng*of*Explora0on*Results,*Mineral*Resources*and*Ore*Reserves’.*Mr*Pous0e*consents*to*the*inclusion*in*the*report*of*the*maYers*based*on*his*informa0on*in*the*form*and*context*in*which*it*appears.*In*rela0on*to*the*Wynberg*Project*Mineral*Resources,*Mr*Pous0e*has*sufficient*experience*that*is*relevant*to*the*style*of*mineralisa0on*and*type*of*deposit*under*considera0on*and* to* the*ac0vity* that*he* is* undertaking* to*qualify* as* a*Competent*Person*as*defined* in* the*2004*Edi0on*of* the* ‘Australasian*Code* for*Repor0ng*of* Explora0on*Results,*Mineral*Resources*and*Ore*Reserves’.*Mr*Pous0e*consents*to*the*inclusion*in*the*report*of*the*maYers*based*on*his*informa0on*in*the*form*and*context*in*which* it* appears* and* with* the* consent* of* Kingsgate* Consolidated*Minerals.* It# is# noted# that# an# Explora1on# Target# is# conceptual# in# nature# and# there# has# been#insufficient#explora1on#to#es1mate#a#Mineral#Resource#and#it#is#uncertain#if#further#explora1on#will#result#in#the#es1ma1on#of#a#Mineral#Resource#at#the#Dasher#Prospect#within#the#larger#Calingiri#Project.#F

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Gateway to some of Australia’s most compelling growth project’s

Investor Presentation | October 2013 | Page 3

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Projects# Status# Target# Loca1on# Holding# Area#(km2)#

CALINGIRI# Granted#and#Pending# Copper,#Gold,#Molybdenum# WA,#Australia#15#tenements#–#100%####2#tenements#–#80%###5#applica1ons#

915.2#

WYNBERG# Granted# Gold,#Copper# QLD,#Australia#

1#tenement#–#100%#1#tenement#–#op1on#to#earn#80%##1#applica1on#

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#applica1on# 682.6#

AUSTRALIAN PORTFOLIO

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CAPITAL STRUCTURE

Caravel#Minerals#Major#Shareholders#

Cash*:* $1.6*M**

Share*Price:! $0.14*

12*months*range:** $0.01*E$0.05*

Avg.*volume*(3*mths):* 2.4m*

Market*Cap*(undiluted):* A$8M*

Shares*Outstanding:** 560*M*

Listed*Op0ons:* 226*M*

Unlisted*Op0ons:** 26*M*

Fully*Diluted:* 812*M*

*!as!of!September!30,!2013!!

Kingsgate*Consolidated* 24.3%*

Waratah*Investments*Group* 7.1%*

Copulos*Group* 4.8%*

Newstead*South*Holdings* 4.1%*

M*&*C*Hilmer* 4.0%*

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

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A Significant New Mineralised District within the Yilgarn Freehold Title - only 90 Minutes from Perth

CALINGIRI PROJECT, WA


30 Km trend with 5 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 5 prospects

•  Exploration Target1 for Dasher Prospect of 60 - 100Mt

grading 0.33 - 0.38% Cu with associated molybdenum, gold and silver

•  Initial metallurgical testwork has returned recoveries of

85% - 96% copper and 89% - 98% molybdenum

1.* An* Explora0on* Target* is* conceptual* in* nature* and* there* has*been*insufficient*explora0on*to*es0mate*a*Mineral*Resource*and*it* is*uncertain* if* further*explora0on*will* result* in*the*es0ma0on*of*a*Mineral*Resource.*See*News*Release*dated*2*August*2013*


OUR CORE FOCUS | CALINGIRI

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60 - 100Mt grading 0.33 - 0.38% Cu with Mo, Au 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 F

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BRYAH PROJECT, WA


with average mineralisation of 30% Mn

50% Mn

Discovery of significant manganese mineralisation at Landor Prospect F

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CARAVEL PROJECT SCHEDULE


Quarter

Q4 13

Q4 13

Q4 13/ Q1 14

Q1 14

Q2/3 14

Objective % Completed Notes

Complete a cost efficiency program in corporate and exploration divisions 100

Reduced burn rate and a higher percentage of outgoings being committed to exploration activities

Infill drilling at Calingiri major targets 0 Report a maiden mineral resource at Calingiri

Additional drilling programs to test the four undrilled priority targets at Calingiri 20

Report Exploration Targets for the remaining prospects that are similar or larger than the advanced Dasher prospect

Initial limited drilling to test two large multi-element anomalies at Bryah 15 Identify priority targets and confirm copper-gold /

manganese project prospectivity.

Complete systematic soil geochemical sampling at Wynberg A and B including the Fisher Creek Fault Zone

100 Identify priority targets at the existing prospects and confirm new targets

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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: 5 substantial copper-moly targets within a 7.5km 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

18 Richardson Street West Perth WA 6005

+61 8 9426 6400

[email protected]

www.caravelminerals.com.au


CONTACT INFORMATION

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APPENDIX

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Calingiri: Broad Intersections of Copper-Molybdenum-Silver-Gold


Hole%ID% %%%%%%%%%%%%%Interval%(m)%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%Composite%Width%(m)%

(excl.%internal%dilution)%

Cu% Mo% Ag% Au%

%%% %%%%%From%%%%%%%%%%%%%%%%%%%%%To% % (%)% (ppm)% (ppm)% (ppb)%

11CARC0111& &&&& 9.0& 126.0& 86.0& 0.41& 162& 1.6& 39&& incl.&&!!!!!! 52.0! 70.0! 18.0! 0.66! 208& 2.8& 36&

12CADD001& & 48.6& 324.2& 233.1& 0.37& 74& 2.0& 37&& incl.&& 170.0! 204.0! 34.0! 0.55! 94& 2.6& 41&& and& 258.0! 272.8! 14.8! 0.69! 57& 3.8& 105&

13CARC012& &&& 48.0& 184.0& 122.0& 0.39& 107& 2.0& ns²&& incl.&&&&!!!! 50.0! 70.0! 20.0! 0.89! 323& 3.9& ns²&

13CARC019& &&& 36.0& 164.0& 116.0& 0.36& 35& 5.1& ns²&& incl.&&&&!!!! 54.0! 74.0! 20.0! 0.70! 29& 11.2& ns²&

13CARC009& &&& 28.0& 110.0& 82.0& 0.39& 34& 4.0& ns²&1&4&2011&drill&results&(previously&reported)& & & & & &2&4&Not&sampled&for&gold& & & & & & && & & &

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Calingiri: Comparable Mines and Exploration Projects


Mining or Mined Operations Deposit# Project#Owner# Loca1on# 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*E*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** Fron0er*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# Loca1on# 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

Caravel Presentation - Q4 2013 V1 · Investor Presentation | Q4 2013 | Page 16 Quarter Q4 13 Q4 13 Q4 13/ Q1 14 Q1 14 Q2/3 14 Objective % Completed Notes Complete a cost efficiency