Cavalier Resources Ltd initiates mining approval process at Crawford Gold Project

Cavalier Resources Ltd (ASX: $CVR) has initiated the mining approval process for the Crawford Gold Project. The Company has appointed Talis Consultants to provide expert guidance for the approval process. The completion of the required approval reports for submission is forecast for Q3, 2024. Additionally, the Company is exploring the possibility of early-stage mining through a trial pit to potentially accelerate cash flow and gain valuable insights.

Executive Commentary on Mining Approval Works Commencement

Having recently completed the PFS, the Company has now commenced the mining approvals process, a transformative period signifying the final step towards realizing open pit mining at the Crawford Gold Project. The Company has engaged the environmental expertise of Talis Consultants to guide us through this critical approvals phase. The recent Crawford PFS proved the viability of mining and onsite processing at Crawford, located just 20km east of Leonora. The Company is currently evaluating the prospects of a trial pit at the Crawford Gold Project with a view to potential early-stage gold production. This initiative could accelerate cash flow generation and offer valuable operational insights for the efficient advancement of the project and the creation of shareholder value.

Summary of Mining Approval Works Commencement at Crawford Gold Project

Cavalier Resources Ltd (ASX: $CVR) has commenced the mining approval works at the Crawford Gold Project following the completion of the Crawford Pre-Feasibility Study. Talis Consultants have been appointed to provide environmental guidance through the approvals stage. The Company is also considering the review of a potential trial mining pit to bring forward cash flow and gain valuable real-world information. Cavalier Resources aims to establish the Crawford Gold Project as a new gold mining hub and further develop its mature gold assets near Leonora and the Ella's Rock greenfield lithium project. The submission of the required permits/reports is expected in Q3, 2024. The Company's ambitions include becoming a self-funded explorer and creating shareholder value through the efficient advancement of its projects.