Cauldron Energy Limited (AU:CXU) has released an update.
Cauldron Energy Limited has commenced a substantial air-core drilling program at their Yanrey Uranium Project, aiming to both expand and increase resource confidence, with initial drilling results expected soon. The company also reported on their Melrose Nickel-Copper-PGE Project, with assay results confirming nickel mineralisation, and further SEM analyses are underway to determine the mineral’s provenance. Amidst these developments, Cauldron is actively reviewing new project opportunities in line with their energy transition strategy and reported a healthy cash reserve with potential for increased funds from in-the-money options.
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