Bekanntmachung • Apr 23
Cavalier Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 4 million. Cavalier Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 13,333,334
Price\Range: AUD 0.3
Transaction Features: Subsequent Direct Listing New Risk • Feb 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.4m free cash flow). Earnings have declined by 28% per year over the past 5 years. Revenue is less than US$1m (AU$25k revenue, or US$18k). Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (AU$26.3m market cap, or US$18.7m). Bekanntmachung • Oct 02
Cavalier Resources Ltd, Annual General Meeting, Nov 20, 2025 Cavalier Resources Ltd, Annual General Meeting, Nov 20, 2025. New Risk • Sep 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 45% per year over the past 5 years. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (AU$17.5m market cap, or US$11.6m). Bekanntmachung • Sep 13
Cavalier Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 2.138208 million. Cavalier Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 2.138208 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,296,555
Price\Range: AUD 0.23
Discount Per Security: AUD 0.0138
Transaction Features: Subsequent Direct Listing Bekanntmachung • Sep 05
Cavalier Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 2.138208 million. Cavalier Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 2.138208 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,296,555
Price\Range: AUD 0.23
Discount Per Security: AUD 0.0138
Transaction Features: Subsequent Direct Listing New Risk • Mar 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.4m free cash flow). Share price has been highly volatile over the past 3 months (33% average weekly change). Earnings have declined by 45% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m (AU$28k revenue, or US$18k). Market cap is less than US$10m (AU$10.4m market cap, or US$6.46m). New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$6.94m market cap, or US$4.32m). Minor Risk Share price has been volatile over the past 3 months (17% average weekly change). Board Change • Jan 03
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Anthony Keers was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Bekanntmachung • Oct 24
Cavalier Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.735266 million. Cavalier Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.735266 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,654,166
Price\Range: AUD 0.12
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,806,385
Price\Range: AUD 0.12
Transaction Features: Rights Offering Bekanntmachung • Oct 04
Cavalier Resources Ltd, Annual General Meeting, Nov 22, 2024 Cavalier Resources Ltd, Annual General Meeting, Nov 22, 2024. New Risk • Sep 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.7m free cash flow). Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (AU$6.51m market cap, or US$4.43m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Board Change • Feb 09
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Anthony Keers was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 09
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Anthony Keers was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Anthony Keers was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Bekanntmachung • Oct 06
Cavalier Resources Ltd, Annual General Meeting, Nov 24, 2023 Cavalier Resources Ltd, Annual General Meeting, Nov 24, 2023. Board Change • Jun 09
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Anthony Keers was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Bekanntmachung • Dec 05
Cavalier Resources Limited Provides Mineral Resource Estimate At the Crawford Gold Project in Leonora, Western Australia Cavalier Resources Limited announced the completion of its first upwards revision of the Mineral Resource Estimate (MRE) at the Crawford Gold Project (Crawford) in Leonora, Western Australia. Five domains were modelled. Domains 1 to 4 are oxide domains modelled as flat lying supergene zones within the oxidised zone. Domain 5 has been modelled as a sub-vertical mineralised zone based on a series of holes that indicate a vertical structure rather than a flat lying zone. This zone requires additional drilling to confirm the orientation and extent. Solid mineralised shapes in the oxide zone were interpreted based on gold grades. A nominal grade of 0.3g/t was used to delineate the shapes. However, some lower grades were included to ensure continuity of the generally horizontal mineralisation. Mineralisation was modelled as a series of supergene layers within the oxidised zone. Thicker zones of mineralisation are found towards the base of oxidation, sitting on and mimicking the shape of the top of fresh rock. Mineralisation has a gentle plunge towards the south-east as the weathering profile deepens in this direction. There is generally depletion of gold in the upper oxidised zone, but there are some smaller, thinner zones present. There is significantly less data in the fresh rock. A series of narrow lodes dipping -30° towards 230° has been interpreted. Due to the lack of data the fresh rock modelling has not been constrained within a solid domain. A search ellipse with adequately constrained search dimensions was used to estimate grade. As such, all fresh rock mineralisation has been categorised as Inferred due to the lower confidence in the geological interpretation and the relative paucity of assay data. The Pig Well Graben is on the eastern margin of the Keith-Kilkenny Tectonic Zone (KKTZ); it extends over 60km in a NNW direction and is up to 8km in width. Within the graben, the dominant lithology is a coarse polymictic volcaniclastic conglomerate; there are minor amounts of other volcaniclastic and epiclastic rocks (Sullivan, 2011). Outside the graben, lithologies consist of mafic and felsic volcanics, dacite porphyry and associated epiclastics, quartz dolerite and minor ultramafics. The Crawford trend refers collectively to local fault systems on the eastern margin of the Pig Well Graben. It is an intensely altered (sericite-fuchsite-silica-carbonate- sulphide) shear zone that is defined by continuous anomalous drilling intersections in a north westerly direction for 20 km from Crawford Prospect through to and beyond the Gambier Lass Mine. It is one of a series of mineralised structures on the eastern side of the KKTZ. Drilling by previous explorers was generally widely spaced. This work identified anomalous scattered gold mineralisation associated with broad zones of intense alteration. The vast majority of recent historic drilling on mining lease M37/1202 was shallow and focused on the central supergene resource area. Historic rig samples were collected at 1m intervals after going through a rig mounted cyclone and splitter. Drilling by private explorers Roman Kings Limited and Kingwest Resources Limited was carried out with large rigs with sufficient air to keep holes and samples dry. Drilling was with face sampling bits drilling standard 5.25 inch diameter holes. Private developer Specrez Limited's infill drilling was carried out with a small track mounted rig that had a depth capacity of about 60m; this rig did encounter some issues with keeping samples dry at the bottom of some of the holes, but these intervals were generally outside the mineralised zones. Sampling by historic explorers was initially with 4 or 5 meter composites with 1m samples taken in zones of mineralisation. Drilling by Kingwest, Specrez and Cavalier assayed all 1m samples. Only RC drilling was utilised in the resource estimation process. Gold grade was estimated in 3 passes for the main oxide Domain 1. Pass 1 was based on the variogram model ranges; pass 2 was based on double this and pass 3 was three times the variogram model ranges. Oxide domains 2, 3 and 4 were estimated in one pass only due to their smaller lateral extents. Domain 5, the sub-vertical lode, was estimated in one pass as this was sufficient to adequately populate blocks with grade, although deeper parts of the domain were not estimated. The mineralisation within the fresh rock zone was estimated with inverse distance squared only in one pass. Search directions were based on the maximum ranges in the variogram model and correspond to the geological interpretation of a gently south-east dipping, horizontal blanket of gold mineralisation. The Domain 1 variogram model was applied to oxide domains 1 to 4. Search extents were selected to ensure that all blocks within the domains were informed with the relevant variables. In the case of gold, the search distances were about double the ranges indicated by variography. The parent block size is 5m x 10m x 2.5m, based on the minimum block size to ensure adequate delineation of the domains. A sub-block size of 1.25m x 1.25m x 1.25m was used for more detailed delineation of surfaces. Grades were estimated into the parent block size. Bekanntmachung • Nov 01
Cavalier Resources Limited Announces Lithium, Nickel & Gold Targeted Soils Program Underway at Ella's Rock in Forrestania Cavalier Resources Limited announced that a soils program targeting lithium, nickel and gold is underway on the Ella's Rock project in Forrestania, Western Australia. Additionally, new tenure has been applied for and environmental surveys have been scheduled for the area. Bekanntmachung • Oct 12
Cavalier Resources Limited, Annual General Meeting, Nov 30, 2022 Cavalier Resources Limited, Annual General Meeting, Nov 30, 2022. Bekanntmachung • Aug 23
Cavalier Resources Limited Announces All Drill Programs Have Been Completed at the 100% Owned Crawford Gold Project Cavalier Resources Limited announced that all drill programs have been completed at the 100% owned Crawford Gold Project (Crawford), on time and within budget, as per the Company's prospectus lodged on 15 June 2022. It has completed an extensive infill and extensional exploration drilling program over the Company's current 101,000koz gold Mineral Resource Estimate (MRE) at Crawford, which began within just seven days of the Company listing on 17 June 2022. Historical drilling at Crawford has returned high-grade results inside thick mineralised zones of near surface oxide material. The initial phase of this completed campaign looked to provide further confidence in the current MRE. It was paired with extensional drilling along strike and depth of the MRE to explore any potential to increase the size of the current 101,000 oz gold resource. In addition, 1,640 metres of exploration drilling was carried out investigating potential new targets on the northern end of the lease. The Leonora Gold Project comprises two sub-projects, Crawford and Gambier Lass North, consisting of ten exploration licences, a prospecting licence, a miscellaneous licence and a mining lease. The Crawford Gold Deposit, which includes a 101,000oz JORC compliant Mineral Resource estimate, is located on the granted mining lease M37/1202. Crawford is primarily an oxide hosted supergene style mineralised system which had been privately advanced towards a mining operation. This maiden RC campaign carried out by the Company initially drilled to test the current MRE. Once complete, the rig moved to extensional drilling along strike and depth to explore any potential to increase the size of the 101,000 oz gold resource. Finally, the rig progressed to testing several northern exploration targets on the Crawford lease. Bekanntmachung • Jul 05
Cavalier Resources Limited Commences Pre-Feasibility Study At Crawford Gold Project Cavalier Resources Limited announced that it is commencing a Pre-Feasibility Study (PFS) on the Crawford Gold Project located within the greater Leonora Gold Project area. The PFS is planned to initially focus on the shallow, thick ore zones that have been densely drilled to JORC 2012 Indicated classification to review the potential for an open-cut mining operation. The Leonora Gold Project comprises two sub-projects, Crawford and Gambier Lass North, consisting of ten exploration licences, a prospecting licence, a miscellaneous licence and a mining lease. The Crawford Gold Deposit, which includes a 101,000oz JORC compliant Mineral Resource estimate, is located on the granted mining lease M37/1202. Crawford is primarily an oxide hosted supergene style mineralised system which has been privately advanced towards a mining operation. Sections of the previous drilling were completed on 10m spaced sections with 140 RC holes for 13,528m drilled and focussed on infilling the oxide zone with little drilling extending into material deeper than 70m. Thick Zones of mineralisation close to the surface are open along strike and at depth. Prior private work on advancing the existing 101,000koz Crawford Gold Mineral Resource was extensive and aimed at advancing the JORC Classifed Indicated portion of the current resource to readiness for mining approval. All study results highlighted no negative issues. The metallurgical study carried out by ALS Limited returned extremely favourable results there the company no contaminant issues, with low reagent consumption and fast extractions and an overall recovery of over 98%. Bekanntmachung • Jun 28
Cavalier Resources Limited Announces Commencement of Drilling at the Crawford Gold Project Cavalier Resources Limited announced that drilling has commenced on a 5,000m reverse circulation (RC) exploration program at the Crawford Gold Deposit. The program has been planned to further firm up the MRE and explore for extensions to the resource along strike and at depth. Cavalier will update the market once drilling is complete, expected to be early in August 2022. Leonora Gold Project The Leonora Gold Project comprises two sub-projects, Crawford and Gambier Lass North, consisting of ten exploration licences, a prospecting licence, a miscellaneous licence and a mining lease. The Crawford Gold Deposit, which includes a 101,000oz JORC compliant Mineral Resource estimate, is located on the granted mining lease M37/1202. The Crawford Gold Project Crawford is primarily an oxide hosted supergene style mineralised system which has been privately advanced towards a mining operation. The Company intends to test the current MRE and then move to extensional drilling along strike and depth to explore if there is any potential to increase the size of the 101,000 oz gold resource. Sections of the previous drilling were completed on 10m spaced sections with 140 RC holes for 13,528m drilled and focussed on infilling the oxide zone with little drilling extending into material deeper than 70m. Thick Zones of mineralisation close to the surface are open along strike and at depth; historical drilling results include: 11m @ 2.17g/t from 16m; 10m @ 3.38g/t (inc. 2m @ 12.4g/t) from 17m; 18m @ 2.77g/t (inc. 3m @ 6.96g/t) from 27m; 19m @ 1.64g/t (inc. 4m @ 3.23g/t) from 30m; 15m @ 2.49g/t (inc. 3m @ 7.87g/t) from 35m; 6m @ 5.55g/t (inc. 1m @ 21.1g/t) from 37m; 22m @ 2.98g/t (inc. 6m @ 5.39g/t) from 38m; 7m @ 5.39g/t, (inc. 2m @ 14.2g/t) from 49m; and 6m @ 2.12g/t, (inc.1m @ 7.20g/t) from 55m. The Gambier Lass North Project The Gambier Lass North Project is located to the northwest of the Crawford Gold Project and is located mainly within sediments of the Pig Well graben. Previous exploration has focussed on gold mineralisation, although some work has targeted Teutonic Bore style base metal mineralisation within felsic lithologies. Recent drilling has delineated northern extensions to the historic Gambier Lass underground mine with narrow, high grade quartz lodes. This mineralisation remains open at depth and along strike towards the north-west with historical drilling results include: 5m @ 1.42g/t from 13m; 4m @ 2.77g/t from 31m; 14m @ 1.60g/t (inc. 6m @ 3.29g/t) from 32m;3m @ 1.98g/t from 45m; and 10m @ 1.40g/t from 55m. The Company intends to infill the sparsely drilled sections over the 1km over strike in order to review the potential of creating a new gold resource at the project. Bekanntmachung • Jun 16
Cavalier Resources Limited has completed an IPO in the amount of AUD 5 million. Cavalier Resources Limited has completed an IPO in the amount of AUD 5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,000,000
Price\Range: AUD 0.2
Discount Per Security: AUD 0.012 
