Cauldron Energy Boosts Uranium Inventory with Major Discovery at Manyingee South

Cauldron Energy Limited (ASX: CXU) has unveiled a maiden Inferred Mineral Resource Estimate (ASX: MRE) of 11.1 million pounds (Mlbs) of uranium oxide (eU₃O₈) at its Manyingee South deposit, part of the Yanrey Uranium Project in Western Australia. This discovery lifts the project's total uranium inventory to 42Mlbs, a 35% increase, reinforcing Yanrey’s significance as a globally relevant uranium province. The MRE is based on drilling campaigns in 2024 and earlier work from 2015, covering a 15.5Mt resource at 325 ppm eU₃O₈ using a 100 ppm cut-off. The mineralisation remains open in multiple directions, showcasing further potential for exploration. Notably, the deposit is hosted in Cretaceous-age sediments and appears amenable to In-Situ Recovery (ISR) mining methods. Despite a state-wide uranium mining ban, Cauldron remains optimistic about expanding the resource across more than 20 identified targets. The company plans further drilling and metallurgical studies to advance the project.

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