Caravel Minerals LimitedASX: CVV

Further Significant Zones of Copper-Molybdenum at Calingiri

· Issued by Caravel Minerals Limited

Filed with ASX · · 18 pages · English

• Results from 27 drill holes at the Bindi West and Bindi East Prospects have defined excellent continuity of mineralisation within two adjacent zones that remain open both along strike and at depth. • Broad zones of copper-molybdenum mineralisation intersected with best results including: • 150m @ 0.31% Cu, 64ppm Mo and 1.3ppm Ag from 94m, incl. o 28m @ 0.52% Cu, 190ppm Mo and 1.3ppm Ag • 102m @

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