Carnavale Resources Ltd Information

Carnavale Resources Limited (“Carnavale” or “Company”) is a West Australian based, mineral exploration company listed on the Australian Securities Exchange (CAV.ASX) and on the German Stock Exchange in Frankfurt (YBB.FF). The Company is focused on acquiring and exploring high quality and advanced exploration and development projects prospective for strategic minerals associated with the electric vehicle battery sector and other new-age disruptive technologies, as well as nickel, gold and precious metals. Carnavale has brought together a team of experienced exploration geologists, with a history of exploration success, to unlock the potential of Carnavale's exciting exploration opportunities. The increasing global demand for electric vehicle batteries is predicted to increase significantly over the next decade in various forms of new age batteries. Additional demand will come from robotics, renewable energy, energy storage and computer technology. A recent study reported by Rio Tinto Limited and undertaken by Massachusetts Institute of Technology identified 13 metals/minerals that are most likely to be positively impacted by this increasing demand including: Tin, Lithium, Cobalt, Silver, Nickel, Gold, Tungsten, Vanadium, Graphite, Niobium, Zinc, Platinum group elements and Salt Carnavale’s key projects include; Grey Dam Nickel-Cobalt Project (100%) targeting nickel sulphide mineralsiation, located near Kurnalpi approximately 90km northeast of Kalgoorlie, West Australia. An option to acquire 80% of the Mt. Alexander Nickel Sulphide Project located approximately 100km west of Leonora, Western Australia.