Crawford Gold Project, WA

Cavalier Resources Limited (CVR) | 2026 PFS update (Stage 1 oxide pit) | Released 15 Apr 2026

Mine life

19 months

LOM, mining start to full gold recovery

Strip ratio

2.4

Selected RF1 optimisation shell, t:t

NPV

A$77.2M

Excl. tax, 8%, A$6,500/oz, 100%

Capex

A$22.8M

Total pre-production

Inferred share: Inferred 0.2% of production target

Figures are as the company states them, in its currency and on its basis. "Not disclosed" means the release doesn't state the figure.

Planning inputs

Inferred 0.2% of production target | Overall wall angle 38° | Dilution 10%, mining recovery 95% | Mining engineering by Auralia Mining Consulting

Also in the release

Update purely cost based; pit design and Ore Reserve (1,002kt at 0.91 g/t) unchanged from March 2024. Heap leach at 80% recovery. Total capital cost A$20.2M.

Read the release on the company's siteAdded to the tracker; released before the first issue of The Study Sheet.

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