Ahmedabad, (Gujarat) [India] and Perth [Australia], November 6 (ANI): Caravel Minerals Ltd (ASX:CVV) 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

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