Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Cauldron Energy ( (AU:CXU) ) has shared an announcement.
Cauldron Energy has initiated a passive seismic survey at its Yanrey Uranium Project to further define the palaeochannel system at the Manyingee South Uranium Deposit. This survey aims to map subsurface contours and guide future drilling, potentially expanding the resource and enhancing the company’s exploration strategy. The survey, expected to take about 10 days, is crucial for maximizing drilling outcomes and understanding uranium mineralization structures, thereby strengthening Cauldron’s position in the uranium mining sector.
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 in Western Australia, which spans over 1,270 square kilometers and includes significant uranium resources. Cauldron’s flagship Bennet Well deposit and the Manyingee South Uranium Deposit are key assets, with the latter being a recent discovery that remains open for further exploration.
YTD Price Performance: -9.09%
Average Trading Volume: 2,457,939
Technical Sentiment Signal: Sell
Current Market Cap: A$14.33M
Learn more about CXU stock on TipRanks’ Stock Analysis page.