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Cavalier Resources Raises $4M to Advance Crawford Gold Pre-Production
9:46am on Thursday 23rd of April, 2026 AEST
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Mining
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Cavalier Resources Raises $4M to Advance Crawford Gold Pre-Production
9:46am on Thursday 23rd of April, 2026 AEST
Key Points
Placement raises $4 million at $0.30 per share with no attaching options
Funds target long-lead mining equipment, site prep, bore field, haul roads, and recruitment
Negotiations continue for separate US$13 million prepayment and A$5 million gold loan
Updated Pre-Feasibility Study shows robust economics with $77.2 million NPV at A$6,500/oz gold
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Cavalier Resources (ASX:CVR)
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