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Cavalier Resources Limited (ASX:CVR)

ALERT: Price-sensitive ASX Announcement for CVR
Current share price for CVR : $0.290 -0.12 (-29.27%)+
Announcement
Release
30 Jan 2026 9:53AM
Price at Release
$0.410
Full Release
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Summary
Cavalier Resources Limited has announced the results of their drilling activities at the Miranda Target, part of the Crawford Gold Project. The drilling, which comprised five holes totaling 398 meters, confirmed the continuity of gold mineralization over a 100-meter strike length. Significant intercepts included 6 meters at 1.29g/t gold and 2 meters at 1.06g/t gold, among others. These results support the potential for meaningful long-term upside beyond the Stage 1 starter pit and bolster the prospects for further resource expansion. The company also highlighted the completion of a Native Title Agreement with the Wangkatja Tjungula Aboriginal Corporation, which positions them well for continued progress towards mining operations. A revised Pre-Feasibility Study was also completed in April 2025, demonstrating robust economic prospects under various gold price scenarios.
Key Points
  • Five drill holes totaling 398 meters confirmed gold continuity at Miranda Target.
  • Significant intercepts include 6m at 1.29g/t gold and 2m at 1.06g/t gold.
  • Results indicate continuity of gold mineralization over a 100-meter strike length.
  • Completion of a Native Title Agreement supports project progression.
  • Revised Pre-Feasibility Study completed in April 2025 shows strong economic potential.
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.