CAVALIER CONFIRMS GOLD CONTINUITY AT MIRANDA TARGET

Fresh Drill Results Extend Mineralised Corridor at Crawford Gold Project

Cavalier Resources Ltd (ASX:CVR) has confirmed the continuity of gold mineralisation at the Miranda Target within its Crawford Gold Project in Western Australia, following the completion of 398 metres of reverse circulation (RC) drilling across five holes.

The Miranda Target lies approximately 1km north of the planned Stage 1 Starter Pit, and the program aimed to extend previous intersections as part of a broader 4,647m RC drill campaign completed in Q4 2025.

Significant intercepts from the Miranda area include:

6m at 1.29g/t gold from 27m, including 1m at 3.44g/t gold (25CFRC44)
2m at 1.06g/t gold from 61m and 1m at 1.02g/t gold from 77m (25CFRC47)

All assay results from the 2025 Crawford drill program have now been reported.

Daniel Tuffin, Executive Technical Director and CEO, commented:
This small step-out drill program was designed to test the extents of the Miranda Target, following up on drilling by the Company in 2023. Results from holes 25CFRC44 and 25CFRC47 confirm continuity of gold mineralisation over 100m of strike, a small portion of the 500m extensional corridor target which potentially links into the current Crawford Mineral Resource.

These results, along with those from the Northern and Southern Development Areas, continue to support meaningful long-term upside well beyond the Stage 1 starter pit and current Resource.

Coupled with the recent execution of the Native Title Agreement with the Wangkatha Tjunguła Aboriginal Corporation, the Company is now well positioned to continue to progress Stage 1 toward mining operations, while near-mine exploration planned at Miranda and other prospective targets throughout 2026 will continue to underpin the project’s long-term growth potential well beyond the current project life.