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Cauldron Energy ( (AU:CXU) ) has shared an update.
Cauldron Energy has announced additional drilling results from its Manyingee South deposit, part of the Yanrey Uranium Project, indicating a significant expansion of uranium mineralization. The drilling campaign has extended the mineralization in multiple directions, revealing a more complex and substantial paleochannel than initially thought, with high-grade zones identified. This expansion provides substantial opportunities for resource growth, and the company plans to update its resource model in early 2026. The exploration team is also moving to test the Manyingee North prospect, which has shown promising geophysical indicators, highlighting the potential for further discoveries in the region.
More about Cauldron Energy
Cauldron Energy Limited is a company operating in the uranium exploration industry, focusing on identifying and developing uranium resources. The company is primarily engaged in the exploration of uranium deposits, with a significant focus on the Yanrey Uranium Project in Western Australia.
YTD Price Performance: 100%
Average Trading Volume: 6,223,815
Technical Sentiment Signal: Buy
Current Market Cap: A$39.37M
For an in-depth examination of CXU stock, go to TipRanks’ Overview page.