Cauldron Energy Reports Revised Exploration Target of Up to 269 Million Pounds at Western Australia Uranium Project

MT Newswires Live06-30 14:10

Cauldron Energy (ASX:CXU) reported a revised JORC 2012 compliant exploration target for its Yanrey uranium project in Western Australia, ranging from 89.7 million pounds to 269 million pounds of triuranium octoxide equivalent, according to a Tuesday Australian bourse filing.

The company said the target reflects a lower grade of 294 parts per million and an upper grade of 604 parts per million, defined over a subset of exploration tenements extending from the North West Coastal Highway to the Ashburton River.

The revised exploration target comprises 30 discrete prospective areas and incorporates information from the 2024 and 2025 drill programs and the 2024, 2025, and 2026 passive seismic surveys, the filing added.

The revised exploration target incorporates the exploration target for tenements recently acquired surrounding Paladin's Manyingee uranium deposit, and excludes the company's existing resource inventory of about 55 million pounds of triuranium octoxide, per the filing.

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