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Cavalier Resources Limited (ASX:CVR)

ALERT: Price-sensitive ASX Announcement for CVR
Current share price for CVR : $0.310 -0.055 (-15.07%)+
Announcement
Release
18 Dec 2025 8:21AM
Price at Release
$0.365
Full Release
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Summary
Cavalier Resources Limited reports promising high-grade gold intercepts from the Southern Development Area at the Crawford Stage 1 project. Recent drilling results indicate significant gold mineralization with intercepts such as 7m at 5.90g/t and 24m at 1.09g/t. These findings suggest that the mineralization remains open along both strike and depth, providing potential for further developments. A revised Pre-Feasibility Study (PFS) conducted outlined the project's potential with an NPV8 of A$51.7M at a gold price of A$4,600/oz. The ongoing drilling campaign aims to incorporate these mineralized zones into an updated Mineral Resource Estimate.
Key Points
  • Cavalier Resources Limited received new drilling results from the Southern Development Area.
  • High-grade gold intercepts were reported, including 7m at 5.90g/t gold and 24m at 1.09g/t gold.
  • The mineralization remains open along strike and depth, suggesting further potential.
  • A revised Pre-Feasibility Study (PFS) was conducted, highlighting a potential NPV8 of A$51.7M at a gold price of A$4,600/oz.
  • The drilling campaign aimed to include these zones in an updated Mineral Resource Estimate.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.