• Firm commitments received from sophisticated and professional investors for $4 million placement
• Funds to be used for procurement of long-lead mining equipment, pre-production development, and site preparation
• Negotiations for $13 million secured pre-payment and $5 million gold loan facility ongoing

Cavalier Resources Limited (ASX:CVR) has announced that it has received firm commitments for a $4 million placement to sophisticated and professional investors. The placement shares will be issued at $0.30 per share, representing a discount of 11.95% to the 15-day VWAP. The funds raised will be used towards procurement of long-lead mining plant and equipment, as well as pre-production development and site preparation activities for the company's flagship Crawford Gold Project. This placement is a significant step in advancing the project towards production. In parallel, Cavalier is also negotiating binding agreements for a proposed $13 million secured pre-payment with Raptor Capital International Limited and a $5 million gold loan facility with Ottomin Pty Ltd, although these transactions are still subject to due diligence and approvals. The company's recent updated Pre-Feasibility Study for the Crawford Gold Project, based on a gold price of A$6,500 per ounce, demonstrates robust economics with an NPV8 of A$77.2 million and an IRR of 385%. Cavalier is now well-positioned to move confidently into the next phase of project execution with the funding secured through the placement and the potential additional financing arrangements.

Cavalier Resources is focused on advancing its flagship Crawford Gold Project towards production, with the $4 million placement providing funding for key pre-production activities such as procurement of long-lead equipment, site establishment, and early development works. The company is also in negotiations for additional funding through a secured pre-payment and gold loan facility, which would further strengthen its financial position as it moves the project forward.