Cauldron Energy ( (AU:CXU) ) has issued an announcement.
Cauldron Energy Limited has announced a maiden Mineral Resource Estimate of 11.1 million pounds of uranium oxide at its Manyingee South deposit, significantly increasing the total resources at its Yanrey Project to 42 million pounds. The recent acquisition of six tenements expands Cauldron’s footprint in the area, enhancing its exploration potential. The discovery underscores the Yanrey Project’s potential, with over twenty high-priority targets identified for further exploration. The bullish outlook on uranium prices, driven by global clean energy demands and geopolitical factors, positions Cauldron favorably in the market.
More about Cauldron Energy
Cauldron Energy Limited is a company operating in the uranium mining industry, focusing on the exploration and development of uranium deposits. Its primary project is the Yanrey Uranium Project, which is located in a mineral-rich region in Western Australia. The company is involved in identifying and developing sedimentary-hosted uranium deposits, with a significant focus on the Manyingee South and Bennet Well deposits.
YTD Price Performance: 10.0%
Average Trading Volume: 10,000
Technical Sentiment Signal: Buy
Current Market Cap: $7.46M
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