TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
An update from Cavalier Resources Limited ( (AU:CVR) ) is now available.
Cavalier Resources Limited has appointed Colin Bald as the General Manager of Operations for its Crawford Gold Project, marking a significant step towards the commencement of Stage 1 production. This strategic appointment leverages Colin’s extensive experience in gold mining operations, particularly in Western Australia, and is expected to enhance the project’s operational readiness and efficiency. The company has also completed a revised Pre-Feasibility Study, incorporating updated gold prices and cost estimates, which highlights a promising financial outlook with a net present value (NPV) of $51.7 million at a gold price of A$4,600 per ounce. These developments are poised to strengthen Cavalier’s position in the gold mining sector and potentially deliver substantial returns to stakeholders.
More about Cavalier Resources Limited
Cavalier Resources Limited operates in the mining industry, focusing primarily on gold exploration and production. The company is engaged in the development of the Crawford Gold Project in Western Australia, aiming to capitalize on the region’s rich gold deposits.
Average Trading Volume: 103,553
Technical Sentiment Signal: Buy
For detailed information about CVR stock, go to TipRanks’ Stock Analysis page.