- Cauldron believes that the Yanrey Project Area could be a major uranium region in Australia. Cauldron has 80km strike of prospective sandstone roll-front uranium tenements between two Uranium projects with current drilling programs on similar geology; 24Mlb at Manyingee Project (Paladin Energy Ltd) and 12Mlb at Nyang project (Energia Minerals Ltd). - 5.000m exploration drilling campaign scheduled to begin in October 2012. - Drilling will expand the known Bennet Well Resource (5Mlb - Inferred Uranium Resource) and targets the exciting Bennet Well South Channels. - Cauldron is to undertake focused exploration reviewing existing geophysical data to allow targeted wildcat drilling to test potential new paleo channels and hence new projects from this region. - The potential for low cost and low environmental impact production capacity make ISL style of deposits highly sought after in the Uranium industry. - Cauldron has favourably resolved Native Title issues around the Bennet Well Resource and can now continue all exploration work in the area.
CXU Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
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