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Cavalier Resources Limited (ASX:CVR)

ALERT: Price-sensitive ASX Announcement for CVR
Current share price for CVR : $0.230 -0.165 (-41.77%)+
Announcement
Release
30 Jan 2026 6:24PM
Price at Release
$0.395
Full Release
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Summary
Cavalier Resources Limited has provided a comprehensive update on its activities for the quarter ending 31 December 2025, focusing on the Crawford Gold Project. The company successfully executed a Native Title and Mining Agreement with the Wangkatja Tjungula Aboriginal Corporation, paving the way for project development. The quarter also saw the completion of substantial drilling programs in the Northern and Southern Development Areas, returning promising results and supporting future mining expansion. Financially, the company reported a cash and cash equivalent balance of $694,000 at the end of the period, with ongoing efforts to secure funding for project development. The revised Pre-Feasibility Study projects an 18-month Stage 1 project life with a payback period of 9 months. Additionally, Cavalier appointed Mr. Bill Oliver as a non-executive director, bringing significant experience in gold deposit development.
Key Points
  • Native Title Agreement signed with Wangkatja Tjungula Aboriginal Corporation.
  • Positive drilling results from Northern and Southern Development Areas.
  • Cash and cash equivalents stood at $694,000 by December 2025.
  • Revised Pre-Feasibility Study for Crawford Gold Project completed.
  • Appointment of Bill Oliver as a non-executive director.
  • Continued focus on funding avenues for project development.
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.