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Cauldron Energy Limited (ASX:CXU)

ALERT: Price-sensitive ASX Announcement for CXU
Current share price for CXU : $0.100 -0.043 (-29.82%)+
Announcement
Release
22 Jul 2026 10:16AM
Price at Release
$0.143
Full Release
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Summary
Cauldron Energy Limited's recent exploration activities in the Yanrey Uranium Province have extended mineralisation at the Manyingee North Deposit to 4 kilometres. The ongoing 2026 drill program involves extensive aircore drilling across several sites, including Manyingee North, Manyingee South, and the Cosgrove Prospect. Significant uranium mineralisation has been detected, with certain areas still open to further exploration. The use of passive seismic surveying has enhanced the understanding of palaeochannel systems, guiding the placement of drill holes. The program continues to show promising results, warranting additional drilling efforts to potentially define a resource.
Key Points
  • Drilling commenced in early July 2026 at the Manyingee North Deposit.
  • The 2026 drill program includes 5,000m of aircore drilling at Manyingee North, 4,000m at Manyingee South, and 1,000m at the Cosgrove Prospect.
  • Mineralisation at Manyingee North extends across the full width of the palaeochannel and remains open in all directions.
  • Cauldron Energy Limited has intercepted mineralisation in 3 out of 5 exploration holes at Cosgrove.
  • The 2025 drill program confirmed mineralisation extends to the north at Manyingee North.
  • Passive seismic surveying has been used to better define the location of palaeochannels.
  • Further exploration drilling is planned following promising initial results at Cosgrove.
  • Uranium grades are determined using geophysical gamma logging with appropriate corrections and calibrations.
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.