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Cauldron Energy Limited (ASX:CXU)

ALERT: Price-sensitive ASX Announcement for CXU
Current share price for CXU : $0.120 0.065 (118.18%)+
Announcement
Release
18 May 2026 9:39AM
Price at Release
$0.055
Full Release
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Summary
Cauldron Energy Limited has announced the acquisition of five tenements from Wyloo at Yanrey, strategically expanding its foothold in the Yanrey Uranium Province. Among these, four tenements immediately surround Paladin’s Manyingee Deposit, and E08/2896, positioned between Paladin’s Manyingee and Cauldron's Manyingee North deposits, is prioritized for testing in the upcoming drill program. The geology team anticipates significant uranium mineralisation within the north-south bearing palaeochannel connecting the two deposits. Earlier in the year, Cauldron reported a maiden Mineral Resource Estimate for Manyingee North of 14.9Mt at 297 ppm eU3O8, translating to 9.8 Mlbs of eU3O8. The terms of acquisition involve a royalty agreement with Wyloo, allowing them to participate in future production. This acquisition solidifies Cauldron's dominant landholding position in this globally significant uranium region.
Key Points
  • Cauldron Energy Limited acquired 5 tenements at Yanrey from Wyloo, expanding its presence in the Yanrey Uranium Province.
  • Four of these tenements surround Paladin's Manyingee Deposit, with E08/2896 being a priority for the 2026 Drill Program.
  • The company's geology team believes mineralisation from Paladin's Manyingee Deposit extends into E08/2896 and further into Cauldron's Manyingee North Deposit.
  • A maiden Mineral Resource Estimate for the Manyingee North Deposit was reported as 14.9Mt @ 297 ppm eU3O8 for 9.8 Mlbs eU3O8.
  • Compensation for the acquired tenements includes a market standard royalty arrangement with Wyloo.
  • The Yanrey Uranium Project is regionally significant and contains multiple uranium deposits, including the Manyingee and Carley Bore Deposits owned by Paladin.
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.