West Australian explorer Caravel has paused the PFS and search for a new development partner for its Calingiri copper-molybdenum-gold project while it studies the potential to use new technology to improve the project economics.
Independent consultancy Mitchell River Group has completed a desktop study of cutting-edge bulk ore sorting to boost ore grades and cut operating and capital expenditure.
The study will be funded by an $A0.8M placement at 5cps, with MRG committing to subscribe for $0.45M.