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CXU Uranium Drilling Update

Cauldron Energy Limited has officially announced its plans for an extensive drilling campaign at its Yanrey uranium project, aimed at substantially upgrading the site's uranium resources. With several strategic developments in place, the company is poised for significant activity in the coming months.

21st April 2024 | 1 minute reading time

Wallis Drilling to Lead Operations

Cauldron Energy has reappointed Wallis Drilling, a leading drilling contractor, to oversee the drilling operations. Having previously collaborated with Wallis, Cauldron Energy expresses full confidence in their expertise and ability to deliver on the project's ambitious goals.

Expansion of Drilling Activities

The Department of Mines, Industry Regulation and Safety (DMIRS) has approved additional Programmes of Work (PoWs), signalling a green light for the expansion of the drilling campaign. This strategic increment in approved PoWs is set to enable Cauldron Energy to explore more targets within the Yanrey area, optimising potential uranium resources—a move highly anticipated to benefit shareholders.

Early Heritage Survey to Facilitate Expansion

In preparation for potential expansion, Cauldron Energy has expedited a heritage survey in collaboration with its indigenous partners, the Thalanyji people. Most of the designated drilling areas have been pre-cleared, which significantly streamlines the process. However, in anticipation of further expansion, conducting early surveys to clear additional grounds is crucial.

Recommissioning of On-Site Camp

In preparation for potential expansion, Cauldron Energy has expedited a heritage survey in collaboration with its indigenous partners, the Thalanyji people. Most of the designated drilling areas have been pre-cleared, which significantly streamlines the process. However, in anticipation of further expansion, conducting early surveys to clear additional grounds is crucial.