Key Highlights

  • All primary mining approvals were secured for Crawford Stage 1 after quarter end.
  • Site preparation began during the quarter, including access works and water bore drilling.
  • SSH was selected as preferred mining contractor, with a Letter of Intent executed.
  • Negotiations continued on a proposed funding package of about A$23 million.

Cavalier Resources Limited (ASX:CVR) published its quarterly activities report for the quarter ended 30 September 2026 on 30 October 2026. The company said it continued advancing its Crawford Gold Project in the period, with approvals for Stage 1 now complete. The report also outlines progress on contractors, funding and management appointments.

Approvals and Site Preparation

Crawford Stage 1 has been fully approved for mining, following the granting of the primary mining approvals after the quarter ended. The company treats the approvals as a central milestone for moving the project forward.

During the quarter, site preparation began with access improvements, rehabilitation works and water bore drilling. Those activities prepare the site for the next stage of development.

Mining Contractor and Funding

SSH has been selected as the preferred mining contractor, and a Letter of Intent has been executed. Negotiations on the Mining Services Agreement were progressing at the end of the quarter.

Negotiations with Javelin and Ottomin continued on a proposed funding package of about A$23 million. The report does not confirm that the package has been agreed, so the funding remains subject to completion of those discussions.

Management and Heap Leach Work

Jamie Brown was appointed Chief Operating Officer during the period. The company also recorded geotechnical investigations for the heap leach facility as planned and commenced recruitment for construction management roles.

These steps show the company building its operating team ahead of construction, though the report does not set out a construction start date.

Final Word

Cavalier's quarter brought full mining approval for Crawford Stage 1 together with the selection of a preferred contractor and the start of site works. The proposed A$23 million funding package and the Mining Services Agreement are the main items still under negotiation. The company's next quarterly report will indicate whether those agreements are completed.