CVR - Cavalier Resources

[System]

Cavalier Resources Limited owns or has the right to acquire controlling interests in Tenements in Western Australia, collectively known as the Leonora Gold Project, Hidden Jewel Gold Project, and Ella's Rock Nickel-Gold Project. These projects are prospective for gold and nickel mineralisation.

Leonora Gold Project
Currently hosting 101,000 ounces of gold at the Crawford Gold Project and surrounded by Tier 1 miners and explorers, the Leonora Gold Project covers the prolific gold zones of the Keith-Killkenny Tectonic Zone and the Pig Well Graben, all within a 25km radius of the town of Leonora in the WA Gold Fields.

Hidden Jewel Gold Project
The Hidden Jewel Gold Project is located within the Golden Cities Granodiorite to the north of the active Golden Cities/Federal mining centre that had mined a total of 283,000oz of gold to 2010.

Ella’s Rock Nickel-Gold Project
The Ella’s Rock Nickel-Gold Project consists of three exploration licences and covers an area adjacent to the prolific Forrestania Greenstone Belt known for hosting nickel and gold. It is in close proximity to the Western Area's owned Cosmic Boy nickel concentrator plant.

It is anticipated that CVR will list on the ASX during June 2022.

Cavalier Resources – Cavalier Resources

www.cavalierresources.com.au

 

[Dona Ferentes]

Listing date	10 June 2022 11:00 AM AEST ##
Contact details	Cavalier Resources – Cavalier Resources www.cavalierresources.com.au Ph: +61 8 6188 8181
Principal Activities	Mineral exploration entity
GICS industry group	TBA
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	CVR
Capital to be Raised	$7,000,000
Expected offer close date	20 May 2022
Underwriter	Not underwritten, Dalton Equities and Sanlam Private Wealth Pty Ltd (Joint Lead Managers).

 

[Dona Ferentes]

Drilling has commenced on the Crawford gold project in WA.

• The 5,000m of planned reverse circulation (RC) program is planned to firm up the current Mineral Resource Estimate and also explore for extensions to the MRE along strike and at depth
• The rig is scheduled to move immediately to the Gambier Lass North Gold Project upon completion of the drill campaign at Crawford
• Cavalier will update the market once drilling is complete, expected to be early in August 2022*.

Since listing 2 weeks ago, has been very range-bound,19c to 20c mainly.

*so, do i tip it in July competition?

 

[Dona Ferentes]

US$11 Million Stream Finance Term Sheet Signed as Crawford Gold Project Progresses Toward Production​

Corporate Highlights
◼ Non-binding term sheet signed for US$11 million (A$17.5 million) stream financing with international precious metals streaming fund Raptor Capital International Limited .
◼ Both parties will now enter a 60-day Due Diligence review during which time they may enter into a binding agreement should conditions precedent be met.
◼ Funding will be used to advance the Stage 1 Crawford open pit into production.

 

[Dona Ferentes]

and there'll be an ungainly rush to the exits , come Monday?

at 5:31pm

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because before that, 2 days of what may be seen as folly

 

[Dona Ferentes]

◼ A revised update to Pre-Feasibility Study for the Crawford Gold Project is complete
◼ The revised PFS returned exceptionally increased results, including:
-NPV of A$51.7M, with pre-CAPEX undiscounted cash flow of A$66.7M
- Internal Rate of Return of 580%
-Cost metrics: C1 of A$1,574/oz; C3 of A$1,793/oz
- Capital payback period of 9 months within the total 18-month Stage 1 project life
◼ There remains significant upside in increased revenues and total project growth due to Stage 1 being constrained to the central oxide portion of the Resource and the Resource remaining open along strike and depth
◼ All compliance reports, works approvals and applications required for the commencement of mining Stage 1 at the Crawford Gold Project are submitted; the following significant applications have been approved:
-Project Management Plan
-Native Vegetation Clearing Permit
-Groundwater Extraction Licences
-Consultation with traditional owners regarding Native Title remains ongoing.
◼ The Company recently announced the signing of a non-binding term sheet for US$11 million with precious metals streaming fund Raptor Capital International Limited to advance the Stage 1 pit into production; due diligence processes are ongoing (see ASX release 20 February 2025)
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so, how come I didn't tip this for April comp?

 

[Dona Ferentes]

◼)...
so, how come I didn't tip this for April comp?

as high as 34c, and would have given an honest 20 percent green not red

.... there's been no news since the start of the month

 

[Dona Ferentes]

Quarterly Activities Report
For the quarter ended 31 March 2025​

Highlights
Corporate
- Non-Binding Term Sheet signed for a US$11 million (A$17.5 million) facility with international precious metals streaming fund Raptor Capital International Limited.
- A recent site visit to the Crawford Gold Project was carried out by Raptor, which was positive and productive. It resulted in both parties remaining supportive of the transaction and electing to extend the current non-binding agreement out to 01 June 2025, whilst working towards drafting binding agreements
- Funding arising from a successful transaction will be used to advance the Stage 1 Crawford open pit into production

Crawford Gold Project
- Revised update to the PFS completed, incorporating higher gold prices and updated mining and heap leach capital cost estimates
- Significant potential for increased revenues and growth due to the resource remaining open and current record gold prices, with an IRR of 580%, a projected pre-capex cashflow of A$66.7m and a NPV of A$51.7M at a gold price of A$4,600/oz Au
- All compliance reports, works approvals and applications required for the commencement of mining at the Crawford Gold Project were submitted

Cash at end Q <$1M

 

[Dona Ferentes]

where now?

Raptor Completes Technical
Due Diligence​

Daniel Tuffin, Executive Technical Director & CEO, commented:
“Raptor has confirmed that the Stage 1 open pit at the Crawford Gold Project is technically viable and commercially attractive following the completion of their due diligence, representing a major milestone for Cavalier. Whilst remaining non-exclusive at this point, both parties will now focus towards finalising a binding agreement.

Raptor’s commitment to progress with finalising a binding agreement not only validates the Stage 1 open pit asset but also provides yet another significant step forward in the development of the greater Crawford Gold Project.

Their proposed investment will support the development Stage 1 development and enhance our capacity to bring Crawford into production."