Drilling extends Mineralisation 2.5kms at Manyingee South

Key points

• Uranium mineralisation extends 2.5km upstream at Manyingee South
• Infill drilling extends high-grade zone by 200m north and 300m west
• Exploration drilling at Manyingee North reaches the limit of current heritage clearance
• Significant uranium mineralisation found across the full width of the Manyingee North palaeochannel
• Passive seismic survey identifies new exploration targets

Full summary

Cauldron Energy has announced the extension of uranium mineralisation at its Manyingee South deposit by 2.5 kilometres upstream, with mineralisation extending further than the 2026 Mineral Resource Estimate (MRE) polygon. Infill drilling has also extended the high-grade zone by 200 metres to the north and 300 metres to the west. Exploration drilling at Manyingee North has reached the limit of the current heritage clearance. The company has identified significant mineralisation across the full width of the Manyingee North palaeochannel, with mineralisation remaining open to the north and east. Passive seismic surveys have identified new exploration targets, with approximately 30 palaeochannels yet to be tested, each potentially hosting significant uranium mineralisation.

Outlook

Cauldron Energy plans to continue expanding the resource base at Manyingee North and Manyingee South, with updates on Mineral Resource Estimates expected. The company also advocates for the lifting of the uranium ban in Western Australia.