Cavalier Resources Initiates Site Preparation at Crawford Gold Project in Western Australia

Site Preparation Begins at Crawford Gold Project Near Leonora

Cavalier Resources Limited has officially started site preparation at the Crawford Gold Project, its fully owned asset near Leonora, Western Australia. This marks the transition from exploration and planning to the infrastructure development phase essential for mining operations as part of the company’s staged development strategy.

The preparation program includes upgrading access tracks to improve site transportation, establishing foundational infrastructure, undertaking site rehabilitation, and drilling fresh water bores to support heap leach pad operations. Daniel Tuffin, Executive Technical Director and Interim CEO, described this as a key milestone enabled by capital raised earlier in 2026, allowing the company to progress these critical early-stage activities.

Capital Deployment and Phased Development Strategy

The commencement of site preparation has been made possible by funds raised earlier in 2026, reflecting the company’s effective translation of recent capital into project advancement. Cavalier Resources’ staged development approach prioritizes efficient capital deployment, with site preparation as the foundational phase moving toward mining operations over the next several months.

This methodical approach facilitates simultaneous progress on infrastructure development and broader project financing discussions. Site preparation activities are expected to continue in the near term, providing investors with regular updates as the company advances toward full Stage 1 development and operational startup.

Water Infrastructure and Heap Leach Pad Support

A critical aspect of the current site preparation is the drilling of fresh water bores to support heap leach pad operations, a vital component for gold extraction. Ensuring adequate water supply is fundamental to the efficiency and viability of heap leaching, a cost-effective extraction method widely used in Australia and globally.

By initiating water bore drilling early, Cavalier Resources is proactively addressing water logistics to mitigate delays during the transition from construction to mining. This indicates that sufficient engineering and feasibility studies have been completed to define water requirements and drilling locations.

Leonora Gold Project and Broader Asset Portfolio

Cavalier Resources’ portfolio includes multiple exploration and development assets across Western Australia, such as the Leonora Gold Project, Hidden Jewel Gold Project, and Ella’s Rock Lithium-Nickel-Gold Project. These assets offer exposure to lithium, gold, and nickel mineralization, positioning the company across diverse commodity markets within the Leonora region.

Concentrated in a well-established mining area, the company benefits from proximity to existing infrastructure, local expertise, and regulatory frameworks. The Crawford Gold Project remains the most advanced asset, with site preparation now underway, reflecting the company’s strategic focus on near-term development while maintaining exploration across its portfolio.

Leadership and Technical Oversight by Interim CEO Daniel Tuffin

Daniel Tuffin, serving as Executive Technical Director and Interim CEO, highlighted the significance of the site preparation milestone and its connection to recent capital raising. His leadership role encompasses both strategic and operational oversight of the Crawford development program.

Tuffin’s commentary also referenced ongoing project financing efforts, emphasizing management’s confidence in the project timeline and commitment to transparent communication with shareholders during this transition from planning to active development.

Ongoing Project Financing and Capital Needs

While current site preparation is funded by capital raised earlier in 2026, Cavalier Resources continues to advance its broader project financing process. Additional funds will be necessary to complete Stage 1 development and commence mining operations. The company’s approach of initiating early works alongside financing discussions demonstrates a commitment to maintaining development momentum while securing required financial resources.

The update did not disclose the amount raised or specific financing targets but indicated ongoing discussions with potential financiers and partners. Starting physical works prior to finalizing all financing is a common strategy in resource development to reduce project risks and demonstrate management’s commitment.

Timeline for Site Preparation and Mining Operations

Site preparation is expected to continue over the coming months, with management committed to providing regular updates to shareholders as progress is made toward mining commencement. Although exact timelines were not provided, the company’s forward-looking statements suggest near-term advancement rather than extended delays.

Daniel Tuffin expressed anticipation of ongoing communication regarding project milestones, indicating that site preparation is an active phase with measurable progress to be reported to the market.

Access and Infrastructure Development

Improvements to access tracks are underway to facilitate safe and efficient movement of personnel, equipment, and materials across the Crawford site during construction and operations. These upgrades reduce operational risks and enhance site management capabilities.

Initial infrastructure establishment includes building essential facilities such as worker accommodations, offices, workshops, fuel storage, and utilities. Starting these installations during site preparation ensures support structures are in place as the project advances toward active mining, allowing refinement based on detailed engineering studies.

Environmental Compliance and Site Rehabilitation

Site rehabilitation is a key component of current preparation activities, involving remediation of existing disturbances and preparation of areas for development. This proactive environmental management supports regulatory compliance and sustainable development practices.

Addressing environmental obligations early in the development process facilitates smoother regulatory approvals and demonstrates Cavalier Resources’ commitment to responsible stewardship. The company’s approach reflects awareness of Western Australia’s stringent environmental frameworks and aims to maintain positive community and regulatory relationships.