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Cavalier Resources Limited ( (AU:CVR) ) has issued an update.
Cavalier Resources Limited successfully raised $2.14 million through a share placement to fund resource development and drilling at the Crawford Gold Project. The company commenced a 5,000-meter drill program targeting extensional zones to expand the resource base and support future mine stages. This strategic move aims to enhance the project’s growth potential and secure strong early cash flow, reflecting confidence in Cavalier’s strategy and asset quality.
More about Cavalier Resources Limited
Cavalier Resources Limited operates in the mining industry, focusing on gold exploration and development. Its primary project is the Crawford Gold Project, where the company is engaged in resource development and extensional drilling to expand its mineral resource base.
Average Trading Volume: 103,436
Technical Sentiment Signal: Buy
Current Market Cap: A$24.51M
Learn more about CVR stock on TipRanks’ Stock Analysis page.