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?