Cavalier boosts Crawford gold project value and advances funding for pre-production

The latest announcement is out from Cavalier Resources Limited ( (AU:CVR) ).

Cavalier Resources has reported a strong quarter as it advances its Crawford Gold Project toward production, highlighted by an updated pre-feasibility study that lifts Stage 1 net present value by 50% to A$77.2 million despite a higher-cost environment. The company’s focus remains on developing the central oxide portion of the resource, while recent drilling has confirmed mineralisation extensions and set the stage for an upgraded mineral resource estimate.

Additional drilling at the nearby Miranda Target, about 1km north-northwest of the planned Stage 1 pit, has defined continuous gold mineralisation over more than 100m of strike and highlighted a broader mineralised corridor with limited prior testing between Crawford and Miranda. To underpin development, Cavalier has also progressed funding through a non-binding gold sale agreement, an indicative gold loan facility and a A$4 million pre-production placement, positioning the company to commence early pre-production activities and strengthen its pathway to mining operations.

More about Cavalier Resources Limited

Cavalier Resources Limited is an Australian gold exploration and development company listed on the ASX, focused on advancing its 100% owned Crawford Gold Project. The company is working to transition Crawford from exploration to near-term production, targeting oxide gold resources with potential for strike and depth extensions in Western Australia.

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Technical Sentiment Signal: Buy

Current Market Cap: A$27.01M

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