Cauldron Energy Limited (AU:CXU) has released an update.
Cauldron Energy Limited has commenced a significant 25,000-meter drilling program at its Yanrey Uranium Project, following a brief delay due to adverse weather. The project aims to expand the existing JORC Mineral Resource Estimate and enhance project economics, with initial results expected within two to three weeks due to efficient downhole analysis. The fully operational field camp and approved Programme Of Work applications ensure a smooth continuation of the project, which is anticipated to create substantial value for the company and its shareholders.
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