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Cauldron Energy Limited (ASX:CXU)

ALERT: Price-sensitive ASX Announcement for CXU
Current share price for CXU : $0.155 0.103 (198.08%)+
Announcement
Release
27 Apr 2026 9:51AM
Price at Release
$0.052
Full Release
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Summary
Cauldron Energy Limited has been awarded two co-funded grants totaling up to $217,750 under the Western Australian Government's Exploration Incentive Scheme for its Yanrey Uranium Project. The grants consist of funds for both geophysical surveying and exploration drilling, recognizing the significance of Cauldron's work in uranium exploration and its potential contribution to the Western Australian economy. The Yanrey Project, located south of Onslow, is notable for its multiple uranium deposits and prospective palaeochannel systems. These funds aim to support further exploration activities, including passive seismic surveying and drilling at key targets within the project.
Key Points
  • Cauldron Energy awarded two Exploration Incentive Scheme (EIS) grants by the WA Government.
  • Grants total up to $217,750, including additional funds for increased costs.
  • Grants will be used for geophysical and drilling activities at Yanrey Uranium Project.
  • Yanrey Project is highly prospective with several defined uranium deposits.
  • The grants recognize the importance of uranium exploration to WA's economy.
  • The grant will support further seismic surveying and exploration drilling.
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.