InvestSMART

Cauldron Energy Limited (ASX:CXU)

ALERT: Price-sensitive ASX Announcement for CXU
Current share price for CXU : $0.120 -0.025 (-17.24%)+
Announcement
Release
27 Jul 2026 11:37AM
Price at Release
$0.145
Full Release
download
Summary
Cauldron Energy Limited announced the third instalment of passive seismic survey results for its Yanrey Project in Australia. The survey, conducted by Southern Geoscience, revealed significant extensions to the Manyingee South palaeochannel, including a previously undiscovered arm and a substantial tributary. This discovery enhances the understanding of the complex palaeodrainage system, which already encompasses multiple sandstone-hosted uranium deposits. The results are part of a larger geophysics program co-funded by a WA government grant, indicating that only 20% of the Yanrey Project area has been surveyed so far. The ongoing work continues to suggest that the region holds considerable potential for further uranium mineralization.
Key Points
  • Passive seismic survey defines a new arm of the Manyingee South palaeochannel.
  • Survey results cover Manyingee Southeast, Manyingee West, Ashburton East, and Cosgrove.
  • New data highlights a large upstream tributary and lagoon.
  • Geophysics program supported by WA government grant.
  • Yanrey Project contains five known sandstone-hosted uranium deposits.
  • Only 20% of the Yanrey Project area has been surveyed.
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.