PROJECT FINANCE

New MD and cash injection for Caravel 

THINGS are changing up at Wheatbelt-focused explorer Caravel Minerals, with the company announcing a new managing director and cash injection to carry its A$1.2 billion namesake copper project in Western Australia through a definitive feasibility study today.

 The raising will help support further drilling

The raising will help support further drilling

On the finance front, Caravel has secured commitments for $12 million at 20c per share, reporting strong support from new and existing institutional and sophisticated investors, including executive director...

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