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Cadoux Limited (ASX:CCM)

ALERT: Price-sensitive ASX Announcement for CCM
Current share price for CCM : $0.026 -0.013 (-33.33%)+
Announcement
Release
9 Jun 2026 10:36AM
Price at Release
$0.039
Full Release
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Summary
Cadoux Limited, a company focused on processing High Purity Alumina (HPA) and Rare Earths from mineral sands, is engaging in a significant joint venture to develop the Wimmera Mineral Sands Project (WMS) in Victoria. The project involves collaboration with Rovatec Pty Ltd and Century Pty Ltd, aiming to secure up to 80% ownership through staged payments and achieving specific exploration milestones. This initiative targets the extraction of heavy rare earth elements such as dysprosium and terbium, which are crucial for various high-tech applications. Cadoux plans to leverage this project as a major feedstock source for Minhub's Darwin processing hub, intending to create a sustainable and significant supply chain for rare earth elements in Australia and allied markets. The project is expected to benefit from existing infrastructure and aims for a maiden mineral resource estimate by the end of 2026.
Key Points
  • Cadoux Limited focuses on High Purity Alumina and Rare Earths.
  • Wimmera Mineral Sands Project involves a joint venture with Rovatec and Century.
  • Cadoux aims for 80% ownership through a Joint Venture earn-in structure.
  • The project targets heavy rare earth elements crucial for high-tech industries.
  • Cadoux and Minhub plan to use WMS as a long-term feedstock source.
  • The project is structured to rapidly advance development with KPI-focused terms.
  • Cadoux's strategy involves collaboration for downstream processing and marketing of mineral products.
  • The project aims for a maiden mineral resource estimate by the end of 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.