Cauldron Energy Limited ( (AU:CXU) ) has provided an announcement.
Cauldron Energy Limited has announced a maiden Mineral Resource Estimate (MRE) for the Manyingee South deposit, adding 11.1 million pounds of uranium oxide to its inventory at the Yanrey Project. This discovery marks a 35% increase in the project’s total resources, highlighting the significant potential for further uranium mineralization in the region. The company plans to continue exploration across its tenement holdings, which include over 20 high-priority targets, to potentially expand its resource base further.
More about Cauldron Energy Limited
Cauldron Energy Limited is a company operating in the uranium industry, focusing on exploration and development of uranium resources. Its primary project is the Yanrey Uranium Project located in Western Australia, which spans over 1,270 square kilometers and includes multiple uranium deposits. The company is working on expanding its uranium inventory despite the current ban on uranium mining in the state.
YTD Price Performance: 10.0%
Average Trading Volume: 10,000
Technical Sentiment Signal: Buy
Current Market Cap: $8.27M
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