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Cadoux Limited (ASX:CCM)

ALERT: Price-sensitive ASX Announcement for CCM
Current share price for CCM : $0.026 0.002 (8.33%)+
Announcement
Release
14 Jul 2026 8:22AM
Price at Release
$0.024
Full Release
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Summary
Cadoux Limited has completed its maiden drilling program over the Wimmera Mineral Sands and rare earths project in Victoria, indicating several follow-up targets and preparing a bulk sample for further analysis. This program is part of a joint venture where Cadoux is earning a 70% interest. The drilling covered 101 aircore holes with a total of 2,864 metres drilled, and 1,066 samples were collected for analysis. The results, expected in September 2026, will guide future drilling phases. Additionally, Cadoux is advancing its Minhub4000 project to produce heavy rare earth-rich carbonate, with plans to integrate processing at its proposed Mineral Separation Plant in Darwin. The results from the Danube deposit will support the feasibility study for a 250,000 tpa flotation circuit at the plant.
Key Points
  • Maiden drilling program completed on Cadoux’s Wimmera Mineral Sands (WMS) project.
  • Cadoux is earning a 70% interest in the WMS Project through a joint venture with Rovatec Resources Pty Ltd and Century Minerals Pty Ltd.
  • 101 aircore holes drilled for 2,864 metres with shallow depths reflecting targeted deposits.
  • A total of 1,066 samples were taken for laboratory analysis with results anticipated in September 2026.
  • The Danube deposit is a focus for metallurgical testwork, including heavy mineral concentrate production.
  • Minhub Operations Pty Ltd is involved in developing a Mineral Separation Plant in Darwin.
  • Minhub4000 project aims to produce a heavy rare earth-rich carbonate (HREC).
  • Cadoux is developing strategies to integrate the WMS project with Minhub’s downstream processing.
  • The Danube deposit bulk sample will inform a feasibility study for a flotation circuit in the Darwin Mineral Plant (DMP).
  • Assay results and further testwork will guide the next drilling phase targeted for Q4 CY2026.
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.