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Cauldron Energy ( (AU:CXU) ) has shared an announcement.
Cauldron Energy Limited announced a significant discovery of high-grade uranium mineralization at its Manyingee North prospect, part of the Yanrey Uranium Project. The initial drilling results revealed broad zones of mineralization across several drill holes, with mineralization open in all directions, indicating strong potential for further discoveries. This development underscores the abundance of uranium in the Yanrey province and highlights the project’s global significance, reinforcing Cauldron’s position as a key player in the uranium exploration industry.
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. Its primary project is the Yanrey Uranium Project, located approximately 100 km south of Onslow, Australia, covering an area of about 1,340 square kilometers. The project is situated in the Yanrey Uranium Province, which is known for its sedimentary-hosted uranium deposits and multiple prospective palaeochannel systems.
Average Trading Volume: 6,223,815
Technical Sentiment Signal: Buy
Current Market Cap: A$39.37M
See more insights into CXU stock on TipRanks’ Stock Analysis page.