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Cavalier Resources Limited ( (AU:CVR) ) has provided an update.
Cavalier Resources Limited successfully completed a non-renounceable rights issue, raising A$1.735 million, supported significantly by existing shareholders and new investors. The funds are earmarked for the Crawford Gold Project, which shows promising potential for increased revenues given the current gold prices. The company continues its efforts towards mining approvals and advancing production, with an anticipated internal rate of return (IRR) of 404% and projected pre-capex cashflow of A$55.2 million.
More about Cavalier Resources Limited
Cavalier Resources Limited is a company involved in the mining industry, focusing primarily on gold exploration and production projects. Its main market focus is on advancing the Crawford Gold Project, which is poised for growth due to open resources and record gold prices.
YTD Price Performance: 0.0%
Average Trading Volume: 25,530
Technical Sentiment Consensus Rating: Buy
See more insights into CVR stock on TipRanks’ Stock Analysis page.