Cavalier Resources Limited (CVR) AI Stock Analysis

• Market Cap: AU$28.18M
• Dividend Yield: N/A
• Average Volume (3M): 149.29K
• Price to Earnings (P/E): ―
• Beta (1Y): -2.94
• Revenue Growth: N/A
• EPS Growth: 37.89%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 71,338,770
• 10 Day Avg. Volume: 178,252
• 30 Day Avg. Volume: 149,291
• PEG Ratio: 0.54
• Price to Book (P/B): 2.05
• Price to Sales (P/S): 209.48
• P/FCF Ratio: -8.25
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: AU$0.39 ▲(14.41% Upside)

The score is primarily held back by weak financial performance driven by heavy losses and ongoing cash burn, despite a low-debt balance sheet. Technical signals are mixed and not strongly supportive, while valuation offers limited clarity due to negative earnings and no dividend yield data.

Positive Factors

Low leverage / conservative balance sheet

A near-zero debt balance sheet and a meaningful equity base (~$5.45m on ~$5.64m assets) give Cavalier durable financial flexibility. Low leverage reduces insolvency risk, supports continued exploration or development spending, and improves options to raise capital without near-term refinancing stress.

Revenue acceleration

Sharp revenue acceleration in 2025 versus 2024 suggests growing operational traction or higher production/realization. If sustained, higher top-line growth supports scalability, dilutes fixed costs, and creates a realistic pathway to margin recovery and eventual profitability as operations scale.

Narrowing net losses

Improvement in net losses indicates the company is moving toward operating efficiency and lower cash burn. A persistent trend of shrinking deficits over multiple periods signals execution progress, increases runway per dollar of cash, and raises the chance of reaching break-even with continued operational discipline.

Negative Factors

Deeply negative profitability

A net margin around -983% is an extreme structural weakness: it means current operations destroy value and are far from break-even. Such deep losses erode equity, require major margin improvement or revenue scale, and make sustainable profitability dependent on substantive operational or commercial changes.

Persistent negative cash flow

Consistently negative operating and free cash flow signal ongoing cash burn and reliance on external funding. Over a multi-month horizon this constrains capital allocation, limits ability to self-fund exploration or development, and raises the likelihood of dilutive financings or asset disposals to sustain operations.

Weak returns on equity

An ROE of roughly -9.6% shows shareholder capital is not generating positive returns. Persistently negative returns limit the firm's ability to build retained earnings, reduce investor appeal, and indicate that current assets or operations are not creating long-term shareholder value without material improvement.

Cavalier Resources Limited Business Overview & Revenue Model

Company Description

Cavalier Resources Limited engages in the identification, acquisition, and exploration of mineral projects in Australia. The company primarily explores for gold and nickel deposits. It holds interest in various projects located in Western Australia, such as the Leonora gold project comprises Crawford and Gambier Lass North projects consisting of 10 exploration licenses, 1 prospecting license, 1 miscellaneous license, and 1 mining lease; the Hidden Jewel gold project; and the Ella's Rock Nickel-Gold project consists of three exploration licenses. The company was incorporated in 2019 and is based in Perth, Australia.

How the Company Makes Money

Cavalier Resources Limited generates revenue primarily through the exploration and development of mineral resource projects. The company's revenue model is centered on the identification and acquisition of promising mineral deposits, which are then developed and either sold or partnered with larger mining operators. Key revenue streams include the sale of extracted minerals, such as gold and other base metals, as well as potential royalties or joint ventures with established mining companies. Additionally, Cavalier Resources may engage in strategic partnerships and collaborations to enhance its exploration capabilities and financial stability, further contributing to its earnings.

Cavalier Resources Limited Financial Statement Overview

Summary

Revenue is accelerating and losses narrowed versus 2024, but profitability remains deeply negative (net margin ~-983%) and operating/free cash flow are still materially negative, indicating ongoing cash burn. The balance sheet is a key offset with essentially no debt and a solid equity base, but negative returns (ROE ~-9.6%) keep overall financial quality weak.

Income Statement

Revenue has accelerated sharply in 2025 (annual revenue up materially versus 2024), but the business remains loss-making with deeply negative profitability. Net losses improved versus 2024 (net income -$525k vs -$736k), yet margins are still heavily negative (2025 net margin about -983%), indicating the company is still at an early stage and not operating at scale.

Balance Sheet

The balance sheet looks conservative with essentially no debt (debt-to-equity ~0 across the period) and a meaningful equity base (2025 equity ~$5.45m on assets ~$5.64m). The key weakness is returns: profitability is negative, keeping return on equity below zero (about -9.6% in 2025), which limits the quality of the capital base until earnings improve.

Cash Flow

Cash generation is weak with consistently negative operating cash flow (2025 about -$590k) and negative free cash flow (2025 about -$1.36m), signaling ongoing cash burn. While free cash flow burn was smaller than in 2024, the company is still reliant on external funding or cash reserves to sustain operations and investment.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	53.45K	53.45K	3.97K	9.94K	969.00	0.00
Gross Profit	53.45K	53.45K	3.97K	9.94K	969.00	0.00
EBITDA	0.00	0.00	46.93K	-763.71K	-294.13K	0.00
Net Income	-227.25K	-525.08K	-735.54K	-763.71K	-294.13K	-39.22K
Balance Sheet
Total Assets	5.64M	5.64M	4.46M	4.99M	5.60M	679.54K
Cash, Cash Equivalents and Short-Term Investments	655.25K	655.25K	346.62K	1.94M	4.40M	115.61K
Total Debt	0.00	0.00	0.00	0.00	1.10K	1.10K
Total Liabilities	190.20K	190.20K	318.61K	275.73K	368.99K	83.57K
Stockholders Equity	5.45M	5.45M	4.15M	4.71M	5.23M	595.98K
Cash Flow
Free Cash Flow	-726.00	-1.36M	-1.60M	-2.46M	-345.76K	-516.39K
Operating Cash Flow	-292.00	-590.37K	-569.26K	-638.92K	-127.30K	-902.00
Investing Cash Flow	-433.83K	-766.39K	-1.03M	-1.82M	-218.46K	-515.49K
Financing Cash Flow	1.67M	1.67M	0.00	-2.35K	4.63M	622.00K

Cavalier Resources Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.34
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CVR, the sentiment is Positive. The current price of 0.34 is below the 20-day moving average (MA) of 0.37, below the 50-day MA of 0.37, and above the 200-day MA of 0.30, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 56.87 is Neutral, neither overbought nor oversold. The STOCH value of 74.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:CVR.

Cavalier Resources Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
RAS	51 Neutral	AU$7.53M	-2.97	-127.51%	―	168.85%	13.51%
CVR	47 Neutral	AU$28.18M	-39.50	-10.94%	―	―	37.89%
GSM	45 Neutral	AU$9.90M	-4.88	-131.62%	―	―	65.32%
PVW	44 Neutral	AU$9.11M	-1.08	-898.12%	―	―	-34.64%
WSR	43 Neutral	AU$3.97M	-1.18	-37.62%	―	―	76.76%
GNM	41 Neutral	AU$20.85M	-10.75	-32.31%	―	―	69.23%

Cavalier Resources Limited Corporate Events

Cavalier Secures Native Title Deal and High-Grade Drilling Hits at Crawford Gold Project

Cavalier Resources reported a pivotal quarter to 31 December 2025, highlighted by the signing of a Native Title and Mining Agreement with the Wangkatja Tjungula Aboriginal Corporation for the Crawford Gold Project, providing a clearer and de-risked pathway to mine development and production while establishing a framework for heritage surveys and long-term engagement with Traditional Owners. The company also completed a 5,000-metre near-mine drilling campaign at Crawford that delivered high-grade gold intercepts in the Northern and Southern Development Areas and at the Miranda target, confirming mineralisation continuity beyond the Stage 1 starter pit, supporting the potential for future pit expansions and possible underground mining; Cavalier now plans to upgrade the Mineral Resource Estimate, has strengthened its board with the appointment of non-executive director Bill Oliver, and continues to assess funding options to move the project into its next development phase amid a supportive gold price environment.

The most recent analyst rating on (AU:CVR) stock is a Hold with a A$0.40 price target. To see the full list of analyst forecasts on Cavalier Resources Limited stock, see the AU:CVR Stock Forecast page.

Cavalier Confirms Gold Continuity at Miranda as Crawford Expansion Potential Grows

Cavalier Resources has confirmed continuity of gold mineralisation at the Miranda Target, about 1km north of the planned Stage 1 starter pit at its Crawford Gold Project, after completing five reverse circulation drill holes totalling 398 metres as part of a broader 4,647-metre near-mine extensional drilling program in the fourth quarter of 2025. Significant intercepts, including 6 metres at 1.29g/t gold from 27 metres and additional zones around 1g/t gold, demonstrate mineralisation continuity over 100 metres of strike within a 500-metre extensional corridor that may link into the existing Crawford Mineral Resource, supporting the potential for meaningful long-term upside beyond the current Stage 1 pit design. With all assays from the latest program now reported and a Native Title Agreement in place with the Wangkatja Tjungula Aboriginal Corporation, the company signals it is well positioned to advance Stage 1 towards mining operations while further near-mine exploration at Miranda and other targets in 2026 underpins the project’s longer-term growth prospects.

The most recent analyst rating on (AU:CVR) stock is a Hold with a A$0.41 price target. To see the full list of analyst forecasts on Cavalier Resources Limited stock, see the AU:CVR Stock Forecast page.

Cavalier Secures Native Title Deal to Advance Crawford Gold Project

Cavalier Resources has signed a Native Title and Mining Agreement with the Wangkatja Tjungula Aboriginal Corporation, representing the Nyalpa Pirniku People, for the development of its Crawford Gold Project in Western Australia. The agreement removes objections to key lease applications, provides consent for development approvals, embeds cultural heritage and environmental protections, and sets out commercial terms including upfront, ongoing and production-based royalty payments, marking a critical milestone that strengthens cooperation with traditional owners and clears a major pathway for the project’s progression towards gold production.

Cavalier Resources Reveals High-Grade Gold Findings at Crawford Project

Cavalier Resources Limited announced encouraging high-grade gold assay results from its Southern Development Area at the Crawford Gold Project. These results, which include notable intersections, highlight the potential for resource growth and further mining initiatives south of the existing Stage 1 starter pit. The company plans to update its Mineral Resource Estimate (MRE) and awaits additional drilling results from other target areas, bolstering its development opportunities and positioning in the gold exploration market.

Cavalier Resources Appoints New Director with Significant Shareholding

Cavalier Resources Limited has announced the appointment of William Oliver as a director, effective from December 1, 2025. Oliver holds a significant interest in the company through two accounts, with a total of 385,000 fully paid ordinary shares. This appointment may influence the company’s strategic direction and could impact shareholder confidence and market perception.

Cavalier Resources Issues Unlisted Options in Strategic Move

Cavalier Resources Limited announced the issuance of 1,859,311 unlisted options set to expire on September 12, 2027. This issuance is part of a previously announced transaction and these securities are not intended to be quoted on the ASX, indicating a strategic move to possibly strengthen internal holdings or incentivize stakeholders without affecting public market dynamics.

Cavalier Resources Limited Successfully Passes All AGM Resolutions

Cavalier Resources Limited held its annual general meeting where all resolutions were passed, including the adoption of the remuneration report, re-election of a director, and ratification of prior share and option issues. The approval of a 10% placement capacity indicates the company’s strategic focus on expanding its financial capabilities, potentially impacting its market operations and stakeholder interests positively.

Cavalier Resources Announces Director’s Interest Change

Cavalier Resources Limited has announced a change in the director’s interest, specifically for Director Daniel Tuffin. The change involves the conversion of 1,750,000 performance rights into fully paid ordinary shares, increasing Tuffin’s direct and indirect holdings. This adjustment reflects a strategic move within the company, potentially impacting its governance and shareholder structure.

Cavalier Resources Director Alters Securities Holdings

Cavalier Resources Limited has announced a change in the interests of its director, Ranko Matic, in the company’s securities. The change involves the conversion of 1,750,000 performance rights into fully paid ordinary shares, reflecting a shift in Matic’s holdings from performance rights to shares. This adjustment in director’s interest may indicate a strategic alignment with the company’s growth or performance objectives, potentially impacting stakeholders’ perception of the company’s future direction.

Cavalier Resources Director’s Interest Update

Cavalier Resources Limited announced a change in the director’s interest, specifically concerning Anthony Keers. On November 7, 2025, Keers converted 500,000 performance rights into fully paid ordinary shares, increasing his direct shareholding to 833,334 shares. This change reflects a strategic move in the company’s governance, potentially impacting shareholder value and director alignment with company performance.

Cavalier Resources Expands Market Presence with New Securities Quotation

Cavalier Resources Limited announced the quotation of 4,000,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of November 7, 2025. This move is part of the company’s efforts to enhance its financial flexibility and support its ongoing operations, potentially impacting its market positioning and stakeholder interests positively.

Cavalier Resources Advances Crawford Gold Project with Successful Fundraising and Drilling Initiatives

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.