Cavalier Resources Limited · ASX:CVR
Cavalier Resources — The Watchlist Webinar (May 2024)
17 slides from Cavalier Resources's conference presentation, May 28, 2024
Slide 1: Rapidly Progressing Towards High Margin Production At The Crawford Gold Project
ASX:CVR Rapidly Progressing Towards High Margin Production At The Crawford Gold Project The Watchlist Webinar May 28, 2024
Slide 2: Disclaimer
Disclaimer The purpose of this presentation is to provide general information about Cavalier Resources Limited (ACN 635 842 143) (the ‘Company’). Unless otherwise stated herein, the information in this presentation is based on the Company’s own information and estimates as of the date of this presen
Slide 3: Cavalier's Project Overview
Cavalier’s Project Overview Three project areas in the prolific gold, lithium and nickel fields of Western Australia ranging from near term, high margin gold mining in Leonora, near resource exploration and early-stage greenfields exploration. Leonora Projects Ella’s Rock Hidden Jewel Project Near T
Slide 4: Crawford MRE and Ore Reserve Tables
Crawford MRE and Ore Reserve Tables Mineral Resource Cut-off Oxide Transitional Fresh Classification Grade (g/t) Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Indicated 0.5 703,000 1.1 23,700 428,000 0.9 12,900 24,000 0.8 600 1.0 284,000 1.5 13,600 124,000 1.5 5,900 4,000 1.2 100 Infer
Slide 5: Crawford Gold Project
Crawford Gold Project Advancing towards gold mining in Leonora Highlights: ▪ High margin, oxide-only Ore Reserve of 29.3koz gold ▪ Shallow, free dig, rapid low-cost mining ▪ Outstanding heap leach extractions – process onsite
Slide 6: Leonora – Extensive Historic Gold Mining Province
Leonora – Extensive Historic Gold Mining Province Located just 25km east of town in a prolific tier 1 mining jurisdiction Crawford is centrally located within the heart of Leonora’s goldfields amidst a plethora of historic and current gold resources operations Substantial M&A activity, most recently
Slide 7: Highly Advanced, Near Mine-Ready
Highly Advanced, Near Mine-Ready Substantial Development Activities Completed to Date: ✓ Completion of 8,200m of exploration and infill RC drilling in addition to 27,300m drilled historically ✓ Updated Mineral Resource Estimate in 2022 ✓ Extensive infill drilling to delineate Ore Reserve Statement i
Slide 8: Mine Optimisation Parameters
Mine Optimisation Parameters Conservative PFS parameters applied Crawford Stage One Oxidised Material Base Case Pit by Pit Graph An overall slope angle of 38° 30 9 Applied gold price of $A2,900 per ounce 95% mining recovery factor 8 10% mining dilution factor 25 Base total mining cost $5.05/bcm, wit
Slide 9: High Confidence Mine Design
High Confidence Mine Design 99.8% of Oxidised Material Contained in Stage 1 is Classified as JORC-Compliant Indicated Refer to ASX announcement 14 March 2024 “Crawford Maiden Ore Reserve Exceeds 29koz of Gold” CAVALIER RESOURCES: CHARGING TOWARDS SUCCESS 9
Slide 10: Stage 1 Physicals
Stage 1 Physicals Targeting High Confidence, Oxide Only Ore Crawford Phase 1 Mine Plan PFS Ore Reserve Physicals Units Project Cavalier Resources have taken a conservative, low-risk approach in the months development of the Crawford Mine Plan, restricting mining to free-dig Life of Mine 18 oxide oun
Slide 11: PFS Life of Mine Schedules
PFS Life of Mine Schedules 350,000 Mining Schedule 16.0x 300,000 14.0x Initial pre-stripping is forecast over the initial four months of the 12.0x Tonnes Mined 250,000 mine plan; however, first ore tonnes are mined in Month 2, with Strip Ratio 10.0x 200,000 stockpiles built during the leach pad and
Slide 12: Processing and Metallurgy
Processing and Metallurgy Excellent Heap Leach Amenability - High Recoveries and Low Costs High recoveries, ranging from 77.4% to 92.5% gold extraction Column Test Recovery Curves Rapid extraction rates; field leach cycles are expected to be very short by industry standards No indication of slumping
Slide 13: Processing and Site Infrastructure
Processing and Site Infrastructure Simple and Well Understood Heap Leaching Flow Sheet CRAWFORD GOLD HEAP LEACH PRIMARY CRUSHING FRONT END LOADER CEMENT STACKER HEAP LEACH PAD AGLOMERATION SOLUTION POND DEWATER- ING SCREEN BORE FIELDS WATER pH CONTROL GRAVITY CYANIDE PREP SCREEN RAW WATER TANK GRAVI
Slide 14: Key PFS Parameters and Outcomes
Key PFS Parameters and Outcomes LOM Ungeared Net Cash Flows Stage 1 Oxide Pit Generates Substantial Free Cash Flows Key Stage 1 PFS Highlights: Total project life 18 months Mine life of 12 months Payback within 13 months Gross revenue A$68M Gold production of 23,467 recovered ounces Low C1 AISC of A
Slide 15: Further Resource Expansion Planned
Further Resource Expansion Planned Potential Scale Remains Largely Untested Recent historic drilling prior to Cavalier taking ownership of the Project was largely carried out by private developers, hence they focused on firming up the knowns and lower cost mining activities The Stage 1 pit takes adv
Slide 16: JORC/Competent Persons
JORC/Competent Persons The scientific or technical information in this report that relates to metallurgical test work and mineral processing for oxide mineralisation is based on information compiled or approved by Randall Pyper. Randall Pyper is an employee of Kappes, Cassiday & Associates Australia
Slide 17: Thank You
Thank You For more information contact cavalierresources.com.au Daniel Tuffin Executive Technical Director daniel@cavalierresources.com.au
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