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Cauldron Energy Limited (ASX:CXU)

ALERT: Price-sensitive ASX Announcement for CXU
Current share price for CXU : $0.103 -0.043 (-29.31%)+
Announcement
Release
31 Jul 2026 10:05AM
Price at Release
$0.145
Full Release
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Summary
Cauldron Energy Limited has reported significant advancements in their Manyingee North project, with drilling results indicating a substantial extension of high-grade uranium mineralization. The initial scout drilling in 2025 uncovered mineralization in three out of five holes at the Cosgrove prospect. The Manyingee North deposit, discovered in 2025, now contains 9.8 million pounds of uranium oxide across 14.9 million tonnes at an average grade of 297 ppm eU3O8. As part of the 2026 exploration activities, the strike of the Manyingee North has been extended by 400% due to successful drilling campaigns. This increase in resource estimation highlights the potential for further exploration and resource growth within Cauldron's Yanrey Uranium Project, which also hosts the Bennet Well and Manyingee South deposits. These developments underscore the strategic potential of the project to contribute significantly to Cauldron's uranium resources.
Key Points
  • Initial scout drilling in 2025 at Cosgrove prospect showed mineralization in three out of five holes.
  • Manyingee North deposit discovered in 2025 contains 9.8 million pounds of uranium oxide.
  • Drilling in 2026 extended the Manyingee North deposit strike by 400%.
  • The Yanrey Uranium Project hosts multiple significant deposits including Bennet Well and Manyingee South.
  • The project is strategically significant for Cauldron's uranium resource base.
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.