Cavalier Resources Limited
CVR.AX
Australian Securities Exchange0.23
AUD
+0.00
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Cavalier Resources Limited
CVR.AX
(Australian Securities Exchange)
Recent
price
0.23
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.- Similar Companies
- Business
- Cavalier Resources Limited Cavalier Resources Limited (CVR.AX) is an Australia-based mineral exploration company focused on the identification, acquisition, exploration, and development of gold, nickel, and lithium projects in Western Australia. The company holds interests in multiple tenements collectively known as the Leonora Gold Project, comprising the flagship Crawford Gold Project hosting 117,800 ounces of gold and Gambier Lass North, consisting of 10 exploration licenses, 1 prospecting license, 1 miscellaneous license, and 1 mining lease within the Keith-Kilkenny Tectonic Zone and Pig Well Graben near Leonora; the Hidden Jewel Gold Project located near the Golden Cities mining center; the Maleta Creek Nickel-Gold Project; and the Ella's Rock Li-Ni-Au Project adjacent to the Forrestania Greenstone Belt, all prospective for gold and nickel mineralization with nearby processing infrastructure. Founded in 2019 and headquartered in Perth, Cavalier Resources Limited targets junior mining opportunities in the Western Australian Goldfields, serving investors seeking exposure to development-ready assets amid rising gold prices. In recent developments, the company signed a non-binding $17.5 million gold stream term sheet with US-based Raptor Capital International in February 2025 to fully finance Stage 1 open pit development at the Crawford Gold Project, including up to 11,000 ounces deliverable on a 1:3.25 production ratio, providing non-dilutive capital beyond the $13.2 million pre-feasibility study peak drawdown and funding extensional drilling. This follows high-grade drilling results such as 14m at 8.7g/t gold and advanced geophysical surveys identifying untested targets, positioning the Leonora Gold Project—with proximity to Genesis Minerals' operations—as a potential acquisition target amid 2025's surge in ASX gold M&A activity. Cavalier Resources Limited submitted all required mining approvals, works programs, and compliance reports for Crawford Stage 1 in early 2025, advancing toward production with a pre-feasibility study based on $2,900/oz gold pricing now enhanced by spot prices exceeding $3,500/oz.