Cavalier’s Crawford Gold Project Shows A$51.7M NPV with New Native Title Agreement
Cavalier Resources has signed a landmark Native Title Agreement with the Wangkatja Aboriginal Corporation, clearing a major hurdle for the Crawford Gold Project. Alongside this, an updated Pre-Feasibility Study confirms robust economics underpinning near-term production.
- Native Title Agreement signed with Wangkatja Aboriginal Corporation and Nyalpa Pirniku People
- Agreement removes cultural and heritage objections, enabling project progression
- Revised Pre-Feasibility Study (PFS) confirms strong financial metrics at A$4,600/oz gold price
- Stage 1 Ore Reserve remains unchanged, supporting low-cost, near-term gold production
- Commercial terms include upfront and ongoing royalty payments benefiting traditional owners
A Milestone in Community Partnership
Cavalier Resources has reached a significant milestone by signing a Native Title Agreement with the Wangkatja Aboriginal Corporation (WTAC) and the Nyalpa Pirniku People. This agreement formalises cooperation on the Crawford Gold Project, located on land where native title rights are recognised. The deal not only removes potential cultural and heritage objections but also establishes a framework for respectful engagement and shared benefits as mining operations advance.
The agreement is a testament to the constructive dialogue between Cavalier and the traditional owners, embedding robust cultural heritage protections and environmental safeguards. It also ensures that the Nyalpa Pirniku People will participate meaningfully in the economic benefits arising from the project, including upfront payments and ongoing royalties tied to production.
Financial Strength Confirmed by Updated Pre-Feasibility Study
Alongside the Native Title Agreement, Cavalier released a revised Pre-Feasibility Study (PFS) for the Crawford Gold Project, incorporating a gold price of A$4,600 per ounce. The study confirms strong project economics with a net present value (NPV8) of A$51.7 million and an internal rate of return (IRR) of 580%, highlighting the project's potential to generate substantial value.
The PFS update maintains the Stage 1 pit design and ore reserve estimates, reflecting confidence in the project's fundamentals. Key financial parameters include total capital costs of A$9.8 million and a low all-in sustaining cost (AISC) of A$1,574 per ounce, positioning Crawford among the lower-cost gold producers in the region.
Project Outlook and Next Steps
The Stage 1 Ore Reserve, unchanged from previous estimates, supports a mining life of approximately 18 months with a rapid payback period of under nine months. The project targets the recovery of over 23,000 ounces of gold, underpinning near-term production potential.
With the Native Title Agreement in place, Cavalier can now advance development activities with greater certainty, free from cultural or heritage-related delays. The company’s leadership emphasises a transparent and respectful approach to working with the traditional owners, aiming to foster long-term partnerships that benefit all stakeholders.
Looking ahead, investors will be watching how the project progresses through permitting, construction, and eventual production, as well as how ongoing community engagement shapes the development timeline and cost profile.
Bottom Line?
Cavalier’s Native Title Agreement and robust PFS set the stage for a promising gold production journey, but execution risks remain.
Questions in the middle?
- How will ongoing community engagement influence project timelines and costs?
- What are the potential impacts of fluctuating gold prices on project economics?
- Could further exploration expand the Ore Reserve beyond the current Stage 1 footprint?
