Caravel Minerals Goes for Advisory Announcement and Senior Executive Announcements

INDUSTRY INSIDER

Caravel's new mining manager Jason Vos inspects haul truck training facilities to evaluate mining equipment providers.

Caravel Minerals Goes for Advisory Announcement and Senior Executive Announcements

Caravel Minerals (ASX: CVV), a copper explorer, has announced new leadership and advisory appointments to help drive its eponymous copper project through feasibility studies and into production in the month of September 2021.

In this undertaking, Don Hyma has been engaged as a board adviser to guide the Caravel project's implementation plan in Western Australia's Wheatbelt region and assist the board in analyzing feasibility study results more widely and in a more holistic view.

In this new announcement, Jason Vos has been hired as Caravel's new mining manager, and Michael Klvac has been named as the company's approvals and compliance manager.

Mr. Hyma has been a mining sector executive with more than 30 years of big project experience in regions like Canada, Chile, New Caledonia, and Australia, as stated by the new board advisor Caravel. His background is very versatile and appropriate for this position.

It includes everything from feasibility studies to project delivery, with a focus on nickel, copper, and iron ore. And all of this was accomplished with great success

and appreciation where he worked. Mr. Hyma is currently based in Perth, Western Australia, providing independent advisory services to the mineral resources sector. He is a very valued consultant in this regard.

His prior responsibilities include director of projects at Fortescue Metals Group (ASX: FMG), technical director at Mitsui & Co, vice president of projects at Iron Ore Company of Canada, general manager of projects at Rio Tinto (ASX: RIO), and senior project management roles at Falconbridge (now Glencore).

According to Caravel chairman Wayne Trumble, Mr. Hyma's skills and knowledge in building significant mining operations "will be of considerable value."

APPOINTMENTS TO THE EXECUTIVE SUITE

Mr. Vos, Caravel's new mining manager, is "extremely experienced" in the position, having built and operated large-scale open-pit crews.

Similar mining manager and mine planner roles have previously been held by him at Perseus Mining's (ASX: PRU) You're gold mine in West Africa, Harmony Gold's Hidden Valley mine in Papua New Guinea, Pilbara Minerals (ASX: PLS) Pilgangoora lithium mine in Western Australia, and AngloGold Ashanti's (ASX: AGG) Tropicana gold mine.

According to Caravel, Mr. Vos will be in charge of all parts of mine planning, design, and operational readiness.

Mr. Klvac's role as approvals and compliance manager will entail overseeing the process of obtaining and maintaining all approvals required to develop the Caravel copper project. This includes putting in place an environmental, social, and governance (ESG) framework to aid the company's operations. Mr. Klvac has over 25 years of experience in the WA mining industry, including roles in commercial, risk, business planning, and approvals senior management at Hamersley Iron (Rio), Western Mining Corp, BHP (ASX: BHP), and BCI Minerals (ASX: BCI).

Mr. Trumble stated that he is looking forward to working on the Caravel copper project with "Vossie and Mick."

"Bringing in the appropriate people is critical to the project's success, and we are thrilled to have been able to attract such skilled and experienced professionals to join us," he continued. The Caravel copper project is a joint venture between two companies. The Caravel copper project is roughly 150 kilometers northeast of Perth. It is based on a 661.9 million tonne indicated and inferred mineral resource of 0.28 percent copper for a total of 1.86 million tonnes of contained copper.

The Bindi deposit contains the project's greatest resource, estimated at 223.4 million tonnes at 0.36 percent copper and 796,000 tonnes of contained metal.

Since 2020, a significant drilling operation at Bindi has been underway, with recent results revealing extensive zones of highgrade copper mineralization.

In this new announcement, Jason Vos has been hired as Caravel's new mining manager, and Michael Klvac has been named as the company's approvals and compliance manager.