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Cavalier Resources Limited (ASX:CVR)

ALERT: Price-sensitive ASX Announcement for CVR
Current share price for CVR : $0.310 -0.07 (-18.42%)+
Announcement
Release
4 Dec 2025 8:20AM
Price at Release
$0.380
Full Release
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Summary
Cavalier Resources Limited has reported assay results from recent drilling activities at its Crawford Gold Project, focusing on the Northern Development Area adjacent to the Stage 1 Starter Pit. The drilling, which included both reverse circulation and air core methods, aimed to explore extensions of previously identified mineralisation. Significant findings include intercepts such as 7m at 5.07g/t gold and 5m at 6.26g/t gold, indicating the prospect for further mining developments. The mineralisation remains open along the strike and depth, suggesting potential for both further pit cutbacks and underground mining operations. The company also updated its Pre-Feasibility Study, projecting a robust economic outlook with varied gold price scenarios and outlining a project life of 18 months for Stage 1, promising substantial revenue.
Key Points
  • Cavalier Resources Limited announced assay results from drilling at Crawford Gold Project.
  • Drilling aimed to test mineralisation extensions outside the Stage 1 starter pit.
  • Notable results included 7m at 5.07g/t gold and 5m at 6.26g/t gold from certain drill holes.
  • Continued mineralisation in the Northern Development Area supports further mining potential.
  • Potential for underground mining operations due to mineralisation in fresh rock.
  • Revised Pre-Feasibility Study for Stage 1 with economic assessments based on varying gold prices.
  • Stage 1 project life planned for 18 months with significant revenue projections.
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.