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Cavalier Resources Limited (ASX:CVR)

ALERT: Price-sensitive ASX Announcement for CVR
Current share price for CVR : $0.290 0.03 (11.54%)+
Announcement
Release
29 Jul 2026 8:25AM
Price at Release
$0.260
Full Release
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Summary
Cavalier Resources Limited reported substantial progress in their quarterly activities and financials for the period ending 30 June 2026. The company successfully updated its Stage 1 Prefeasibility Study (PFS) for the Crawford Gold Project, which increased the post-tax Net Present Value (NPV) by approximately 50% to A$77.2 million. This update included revised cost estimates due to higher energy and supply chain costs. Additionally, Cavalier executed binding term sheets for a US$13 million Gold Prepayment Facility and a A$5 million Gold Loan Facility, ensuring a total project financing package of approximately A$23 million for Stage 1 development. They also completed a $4 million Pre-Production Placement to finance procurement and site preparations. The company's cash flow report highlighted net cash from financing activities at A$3.66 million and a closing cash balance of A$3.692 million. The company remains well-positioned to move forward with development activities.
Key Points
  • Updated Stage 1 Prefeasibility Study increased NPV by 50% to A$77.2 million.
  • Revised PFS included higher costs due to global market conditions.
  • Executed US$13 million Gold Prepayment Facility and A$5 million Gold Loan Facility.
  • Total project financing package of approximately A$23 million secured.
  • Completed a $4 million Pre-Production Placement.
  • Net cash from financing activities was A$3.66 million.
  • Cash balance at the end of the quarter was A$3.692 million.
  • Significant progress in development and financing workstreams.
  • Cavalier Resources Limited is advancing the Crawford Gold Project toward production.
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.