Cauldron Energy Limited (ASX: CXU) Announces Drilling Success at Manyingee South
Drilling Highlights
Cauldron Energy Limited (ASX: CXU) has reported significant drilling results from its Manyingee South uranium deposit, extending mineralisation over a length of more than 3 kilometres and at least 1,100 metres in width. The latest drilling program, consisting of 77 holes drilled to a total of 6,480 metres, included exceptional results such as 2.08 metres at 1,755 ppm eU3O8 from drill hole 24YRAC119.
Successful Drilling Campaign
The completion of the 2024 drilling program at Manyingee South culminated in the identification of multiple stacked roll fronts and two high-grade zones. CEO Jonathan Fisher stated, “These latest drillholes bring to a close a very successful drilling campaign at Manyingee South, demonstrating the discovery of a large, high-grade, and unconstrained uranium deposit.”
Future Exploration Plans
The Manyingee South channel is the first among many palaeochannels identified within Cauldron’s tenement area. The company plans to explore these additional channels in future drilling efforts. Fisher expressed confidence in finding more high-grade uranium targets, reinforcing the potential of the Manyingee South Uranium Deposit.
Project Overview
The Yanrey Uranium Project spans approximately 1,150 square kilometres and is part of a mineral-rich region in Western Australia. Cauldron holds tenements extending for at least 140 kilometres of highly prospective geological trends. The Bennet Well uranium deposit, located within this project, is recognized as globally significant, containing 30.9 million pounds of uranium oxide.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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