Extract below from the much longer article in the SMH is the part talking about CXU. Link here for the full article https://shorturl.at/goC37

Uranium price creates new ASX boom

WA developer Cauldron Energy has also enjoyed a stellar run, climbing from 0.8c on October 23 last year, to 5.8c on January 16th.

Cauldron recently released a scoping study confirming the potential for a low cost, globally competitive in-situ recovery uranium operation at its Bennet Well deposit.

The deposit is part of its Yanrey uranium project, about 1050 km north of Perth and 100km south of the town of Onslow. Whilst the WA Labor Government is not quite there yet, both the Liberal and National parties in WA have policies that embrace uranium mining which means that any change of Government in WA will provide an instant kick-start for companies like Cauldron.

Bennet Well contains a mineral resource of 38.9 million tonnes grading 360 parts per million (ppm) for 30.9 million pounds of uranium oxide. The study revealed plans for an 11-year mine life, pumping out 16.5 million pounds of uranium oxide at a production rate of 1.5 million pounds per year.

The projects economics were compelling too, with upfront capital costs of US$82.4 million (AU$117.7 million) and ongoing capital costs over the mine life of US$125.3 million (AU$179 million).

What really screamed out from the study was the combined capital and operating costs of about US$36 (AU$55) per pound produced, providing for a potentially profitable operation based on today’s spot price of more than US$88 (AU$135) per pound.