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Cauldron Energy ( (AU:CXU) ) has shared an announcement.
Cauldron Energy has announced promising results from the initial phase of its 2025 drilling campaign at the Manyingee South site, part of the Yanrey Uranium Project. The first ten drill holes have intersected high-grade uranium mineralization, significantly extending the known deposit. This development positions Cauldron advantageously amid a projected global uranium shortage, as the company continues to explore and expand its resource base. The drilling campaign has been efficient, with improvements in drilling techniques allowing for faster and more cost-effective operations, and further exploration is planned for the Manyingee North prospect.
More about Cauldron Energy
Cauldron Energy is a company operating in the uranium mining industry, focusing on the exploration and development of uranium deposits. Its primary market focus is on the Yanrey Uranium Project in Western Australia, which spans over 80 kilometers of ancient sedimentary coastline with multiple prospective paleochannel systems.
YTD Price Performance: 72.73%
Average Trading Volume: 6,389,990
Technical Sentiment Signal: Sell
Current Market Cap: A$30.42M
For a thorough assessment of CXU stock, go to TipRanks’ Stock Analysis page.