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An update from Cauldron Energy ( (AU:CXU) ) is now available.
Cauldron Energy has announced the preliminary results of a passive seismic survey conducted over its Manyingee South Uranium Deposit, which has identified several high-priority drill targets. The survey results indicate that high-grade mineralization is associated with a cross-cutting structure in the palaeochannel base, and further exploration is planned to commence in November. The survey also revealed potential new discoveries in the Manyingee North and Koodarie areas, highlighting the company’s strategic positioning in the junior uranium sector amid growing global interest in nuclear energy. Cauldron is actively preparing for drilling and is committed to advocating for the benefits of uranium mining and export in Western Australia.
More about Cauldron Energy
Cauldron Energy Limited is a company operating in the uranium mining industry, focusing on the exploration and development of uranium deposits. The company owns the Yanrey Uranium Project, located approximately 100 km south of Onslow, Western Australia, covering an area of around 1,270 km². This project is situated in a mineral-rich region with multiple prospective palaeochannel systems, known for sedimentary-hosted uranium deposits.
Average Trading Volume: 7,971,306
Technical Sentiment Signal: Buy
Current Market Cap: A$41.15M
For an in-depth examination of CXU stock, go to TipRanks’ Overview page.