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Caravel Minerals Ltd has announced the signing of a non-binding MoU (Memorandum of Understanding with Kutch Copper Ltd (KCL), a subsidiary of Adani Enterprises Ltd, paving the way for a strategic collaboration on the flagship Caravel Copper Project in Western Australia's Murchison region. Under the MoU, the companies will explore investment and offtake opportunities to accelerate development of the Project towards a Final Investment Decision (FID) in 2026, combining Caravel's world-class resource with Adani's proven smelting, processing and logistics capabilities.

The partnership also establishes an exclusive framework for negotiating a lifeof-mine offtake agreement covering up to 100 per cent of Caravel's copper concentrate ou

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