Cavalier Resources Secures Funding for Crawford Gold Project

An announcement from Cavalier Resources Limited ( (AU:CVR) ) is now available.

Cavalier Resources Limited has signed a non-binding term sheet for a US$11 million facility with Raptor Capital International Limited to finance the development of the Crawford Gold Stage 1 open pit. This funding will support the project’s transition into production and facilitate near-mine extensional infill drilling. The revised pre-feasibility study (PFS) for the Crawford Gold Project indicates significant potential for increased revenues, with a robust internal rate of return (IRR) of 580% and a projected pre-capex cash flow of A$66.7 million. All necessary compliance reports and approvals for mining have been submitted, positioning the project for near-term growth.

More about Cavalier Resources Limited

Cavalier Resources Limited operates in the mining industry, focusing on the exploration and development of gold projects. Its primary project is the Crawford Gold Project, which aims to advance into production, capitalizing on current high gold prices.

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Technical Sentiment Signal: Sell

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