Cauldron Energy Identifies Further Uranium Mineralization at Western Australia Project, Shares Up 4%

MT Newswires Live

07/31

Cauldron Energy (ASX:CXU) identified further uranium mineralization at the Manyingee North Deposit at the Yanrey uranium project in Western Australia, according to a Friday Australian bourse filing.

The results were up to 0.22 meters at 162.7 parts per million equivalent uranium oxide from 85.23 meters and 1.2 meters at 332.6 parts per million equivalent uranium oxide from 86.11 meters.

In addition to further step-out drilling around Manyingee North, Cauldron is set to conduct further drilling at the Manyingee South deposit, the Cosgrove prospect and its new Bennet Well (West) target as part of the drill campaign for the year, the filing added.

The company's shares rose 4% in recent Friday trade.

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