Cauldron Energy Limited (AU:CXU) has released an update.
Cauldron Energy Limited is ramping up for a significant uranium drilling program at Yanrey, with preparations for a 25,000-metre drilling campaign across 251 holes to enhance resource confidence and project economics. Key contractors have been secured, including Wallis Drilling for air-core drilling services and Wireline Services for geophysical support, with heritage clearance surveys paving the way for a Q2 2024 start. The two-phase drilling strategy aims to expand the existing uranium resources and test new targets, with the potential to substantially increase uranium output from the Yanrey Uranium Project.
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