EXPLORATION & DEVELOPMENT

Caravel appoints Ausenco as Rio invests in Western Copper

AS the copper world woke up to the news Rio Tinto was investing C$25.6 million in Canadian company Western Copper and Gold, ASX-listed copper play Caravel Minerals was appointing Ausenco as the lead engineer for a prefeasibility study of its namesake, similarly low-grade project in Western Australia.

Caravel is proceeding to a PFS on its namesake project

Caravel is proceeding to a PFS on its namesake project

Results of the study are expected in the early 2022. Scoping work completed two years ago outlined a project initially costing around A$500 million and producing 45,000 tonnes per annum of copper...

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