Cavalier Resources Limited is a Western Australia exploration company and to pursue gold exploration. It is set to list on the Australian Securities Exchange (ASX).
Cavalier Resources Limited has three gold projects – Leonora Gold Project, Hidden Jewel Gold Project and Ella’s Rock Nickel-Gold Project.
*Leonora Gold Project – comprises two sub-projects (Crawford Gold Project and Gambier Lass North Project) consisting of 10 exploration licences, 1 prospecting licence, 1 miscellaneous license and 1 mining lease covering the prolific gold zones of the Keith-Killkenny Tectonic Zone and the Pig Well Graben, all within a 25km radius of the town of Leonora in the WA Gold Fields. 101koz mine-ready JORC Mineral Resource at the Crawford Gold Project
*Hidden Jewel Gold Project – The Hidden Jewel Gold Project is located within the Golden Cities Granodiorite to the north of the active Golden Cities/Federal mining centre that had mined a total of 283,000oz of gold to 2010.
*Ella’s Rock Nickel-Gold Project – The Ella’s Rock Nickel-Gold Project consists of three exploration licences and covers an area adjacent to the prolific Forrestania Greenstone Belt known for hosting nickel and gold. It is in close proximity to the Western Area’s owned Cosmic Boy nickel concentrator plant.
Cavalier Resources Limited was looking to raise up to $5 million at $0.20 per share in its initial public offering (IPO). The Public Offer opens on 11 Apr 2022 and closes on 20 May 2022. The expected date for quotation on ASX is 17 Jun 2022.
Note: The dates shown on this page are indicative only and may change without notice.
IPO Summary
| ASX code | CVR |
| Name | Cavalier Resources Limited |
| Website | https://www.cavalierresources.com.au/ |
| Share Registry | Automic Pty Ltd |
| Underwriter | Not underwritten. Dalton Equities and Sanlam Private Wealth Pty Ltd (Joint Lead Managers). |
| Opening Date for the Public Offer: | 11 April 2022 |
| Closing Date for the Public Offer: | 20 May 2022 |
| Expected date for New Shares to commence trading on ASX | 17 June 2022 11:00 AM AEST |
| Funds to be raised under the Public Offer (before costs) | $5,000,000 |
| Offer price per Share | $0.20 |
| Shares on issue at the Prospectus Date | 16,956,800 |
| Shares to be issued under the Public Offer | 25,000,000 |
| Total Shares | 43,031,800 |
| Escrow (estimate) | 11,552,750 Shares, 4,000,000 Options and 4,000,000 Performance Rights (a period of 24 months from quotation) |
|
1,090,000 Shares (a period of 12 months from issue) |
Source: Cavalier Resources Limited prospectus