Cauldron Energy Expands Uranium Exploration with New Tenement Acquisition

Cauldron Energy ( (AU:CXU) ) just unveiled an update.

Cauldron Energy Limited has updated its previous announcement regarding the discovery of an extensive palaeochannel system within newly acquired tenements, which are highly prospective for uranium mineralization. The acquisition from Wyloo Metals Ltd has expanded Cauldron’s tenement coverage to 1,327 km², enhancing their exploration potential at the Yanrey site. The company has identified high-priority targets for further drilling, aiming to extend the known uranium mineralization at Manyingee South into newly acquired areas. This strategic move is expected to bolster Cauldron’s position in the uranium exploration industry and potentially increase its resource base.

More about Cauldron Energy

Cauldron Energy Limited is a company operating in the energy sector, primarily focusing on uranium exploration and development. The company is actively involved in identifying and acquiring prospective tenements for uranium mineralization, with a significant presence in Western Australia.

YTD Price Performance: -16.67%

Average Trading Volume: 1,925,945

Technical Sentiment Signal: Sell

Current Market Cap: A$13.15M

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