Cavalier Resources Limited (AU:CVR) has released an update.
Cavalier Resources Limited announced the completion of a Pre-Feasibility Study (PFS) for the Crawford Gold Project, highlighting the project’s viability with a highly recoverable gold resource suited for low-cost heap leach processing. The study reveals a maiden ore reserve of over a million tonnes and attractive financials, including a robust internal rate of return of 130%, with significant potential for revenue growth as the resource remains open for expansion. The company is moving forward with mining applications and expects to complete necessary approval reports by the third quarter of 2024.
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