An exploration and development company focussed on identifying and exploring for minerals critical to a cleaner planet.
Cauldron Energy Limited (ASX: CXU) is an exploration and development company focussed on identifying and exploring for minerals critical to a cleaner planet.
Cauldron has a diversified portfolio of projects in Australia and has already achieved exploration success at its Yanrey Uranium Project which hosts the Bennet Well resource with a global Uranium Resource of 38.9 Mt at 360 ppm eU308 (JORC 2012).
Cauldron is embarking on a new strategy with a dynamic new team, focusing on the uranium sector, broader energy transition and decarbonisation thematic.
Energy transition focus including uranium
Yanrey - Foundation uranium asset
New team and strategy driving long term value uplift
Melrose Project secured as first implementation of new strategic focus
Capitalised and well supported
Value potential from realisation of non-core assets
Strong Growth In Nuclear Generation Driving Uranium Demand
Yanrey Uranium Project
The Yanrey Uranium Project is a regional exploration project that comprises 1,270 km2 of exploration title that secures a large and geologically prospective uranium targets, including the Bennet Well Deposit, along with a well-developed pipeline of prospects that await further exploration work, all situated in an emerging mineral field that is yet to be fully tested.
Bennet Well Uranium Deposit
The Bennet Well Uranium Deposit forms part of the Yanrey Uranium Project and is defined by a total Uranium Resource of 38.9 Mt at 360 ppm eU308 (JORC 2012) which remains open. The deposit has a geological setting and physical characteristic that may allow low cost mining through in situ recovery methods, and is secured by one of the exploration licenses of the Yanrey Uranium Project.
The Melrose Ni-Cu-PGE Project is located in the West Yilgarn Province of Western Australia, originally discovered and defined by Chalice in 2019. The Exploration Licence consists of a 169 km2 tenement, and is situated approximately 250 km north of Perth.Cauldron has also pegged a large area immediately west and south of the Melrose Project area covering a further area of ~1,338 km2 containing further nickel and copper prospects interpreted to be on the same structural trend.
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“Cauldron is embarking on a refreshed strategy with a dynamic new team, focusing on minerals supporting the energy transition, as the world relentlessly pushes towards a cleaner energy future. The company is building an attractive portfolio of assets in the sector through a combination of M&A and exploration activity, which is targeted at building substantial shareholder value”