Cavalier Resources Limited (AU:CVR) has released an update.
Cavalier Resources Limited’s updated gold price analysis for the Stage 1 oxide-only pit at the Crawford Project indicates a significant rise in potential returns, with an IRR of 289% and an NPV8 of A$32.8M at a gold price of A$3,700/oz. The company is advancing with mining approval processes, tender requests, and detailed studies for a heap leach circuit, targeting early commencement of mining operations next year. Environmental and approval studies have been completed with no significant factors to hinder the project’s progress.
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