Cauldron Energy Limited: First Drill Results Confirm and Extend Known Uranium Mineralization

Cauldron Energy Limited (ASX: CXU) announced that it has successfully intersected uranium mineralization in the initial holes of the infill drill program at Bennet Well, with results meeting expectations of thickness and grade. Results from 20 holes totaling 2,663.5 meters show that the drilling technique produces results comparable to those of previous drilling.

This confirms the position and grade continuity of the uranium palaeochannel at Bennet Well Deposit, indicating the potential expansion and upgrade of the existing JORC (2012) Mineral Resource Estimate at Bennet Well. Furthermore, drilling will now focus on testing extensions of the deposit to the north and south, showing promise for future developments.

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