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Cauldron Energy Limited (ASX:CXU)

ALERT: Price-sensitive ASX Announcement for CXU
Current share price for CXU : $0.125 0.02 (19.05%)+
Announcement
Release
23 Jun 2026 9:43AM
Price at Release
$0.105
Full Release
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Summary
Cauldron Energy Limited announced the discovery of a significant new palaeochannel, the Yanrey palaeochannel, adjacent to their Bennet Well Uranium Deposit in Western Australia. This discovery was made through passive seismic data interpretation, highlighting a previously undetected channel due to conductive shales. The Yanrey palaeochannel, extending 1 km in width and 4 km in length, parallels the Bennet Well channel and may serve as a potential site for uranium accumulation. This finding complements a broader palaeodrainage system with multiple known uranium deposits, emphasizing the exploration potential in the region. The Bennet Well deposit itself contains a substantial resource of 30.9 million pounds of uranium-oxide, underscoring the strategic importance of these discoveries in Cauldron's future exploration efforts.
Key Points
  • Cauldron Energy Limited has identified a substantial new palaeochannel named Yanrey adjacent to the Bennet Well Uranium Deposit.
  • The Yanrey palaeochannel was discovered through passive seismic data as part of Cauldron's 2026 Survey.
  • The palaeochannel is approximately 1 km wide and 4 km long, running parallel to the Bennet Well channel.
  • Historical EM surveys failed to detect the palaeochannel due to a conductive layer of Muderong Shale.
  • Palaeochannels are potential sites for uranium accumulation and are key exploration targets.
  • The discovery is part of a larger palaeodrainage system that includes five known sandstone-hosted deposits.
  • The Bennet Well deposit contains a total of 30.9 million pounds of uranium-oxide.
  • Cauldron has completed a heritage survey over the Yanrey palaeochannel, making it a priority for further 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.