Caravel secures preliminary grid connection for copper project

Caravel Minerals Limited has received a draft Access Offer from state-owned utility Western Power to connect its Caravel Copper Project to the Western Australian Southwest Interconnected System electrical grid. This offer follows steady-state electricity network studies and is subject to further collaboration and commercial agreements.

The Access Offer, providing 89MW (winter) and 72MW (summer) of power, is crucial for the Caravel Copper Project, which aims to mine and process copper ore to produce approximately 65,000 tonnes per annum of copper in concentrate for over 20 years. This grid connection is a key component of the Definitive Feasibility Study, enabling the project to advance towards a final investment decision by ensuring a long-term, reliable, and cost-effective power supply.

managing director Don Hyma emphasized that the grid connection is fundamental for establishing a cost-effective and low-carbon power supply, enhancing the project's long-term viability and attractiveness for financing partnerships. The connection also aligns with the WA government's Powering WA initiative and Western Power's Clean Energy Link expansion plans.