Cauldron Energy Unveils 11.1Mlbs Uranium Resource at Manyingee South, Expands Yanrey Holdings

Maiden Resource Boosts Yanrey’s Uranium Inventory

Cauldron Energy Limited has delivered a significant milestone with the maiden inferred Mineral Resource Estimate (MRE) of 11.1 million pounds of uranium oxide (eU3O8) at its Manyingee South deposit. This new resource, reported under the JORC Code 2012 Edition, is based on 78 aircore holes drilled in 2024 and historical rotary mud drilling from 2015, confirming a substantial uranium presence within the 1.1km wide palaeochannel.

The Manyingee South resource adds to Cauldron’s existing inventory at the Yanrey Uranium Project, lifting total Mineral Resources to 42 million pounds of uranium oxide, a 35% increase from previous estimates. The deposit remains open in most directions, suggesting further upside potential as exploration continues.

Strategic Tenement Acquisitions Expand Yanrey Footprint

Following the quarter, Cauldron acquired six additional tenements totaling 177.3 square kilometres adjacent to its Yanrey holdings. Notably, one tenement directly abuts the Manyingee South deposit, with geological interpretations indicating the mineralised palaeochannel extends into this new ground, possibly for several kilometres. This strategic expansion enhances Cauldron’s control over a highly prospective uranium province stretching over 80 kilometres of ancient Cretaceous coastline.

Focused Exploration and Financial Position

Exploration expenditure for the quarter was $662,000, primarily directed towards drilling and associated activities at Yanrey. Other projects, including the Melrose Nickel-Copper-PGE and WA Sands projects, saw limited activity as the company concentrated resources on advancing its flagship uranium assets.

Cauldron ended the quarter with $666,000 in cash, down from $1.357 million at the end of December 2024. The company holds approximately 318 million options on issue, which if exercised, could raise an additional $5.56 million, providing potential funding flexibility for ongoing exploration and development.

Uranium Market Outlook and Regulatory Context

The uranium market remains robust, with spot prices hovering around US$67 per pound, supported by a global nuclear renaissance driven by clean energy demands and geopolitical supply concerns. Industry leaders, including Sprott CEO John Ciampaglia, maintain a bullish outlook, citing rising term prices and increased utility interest.

However, uranium mining in Western Australia remains subject to a ban introduced in 2017. Cauldron is actively advocating for lifting this ban, highlighting the potential economic benefits and safe mining precedents in other Australian jurisdictions. Upcoming state and federal elections could influence regulatory changes, which would be pivotal for Cauldron’s development plans.

Looking Ahead

With a strengthened resource base, expanded tenement portfolio, and a supportive uranium market, Cauldron Energy is well positioned to advance its Yanrey Project. The company’s next steps will likely focus on further drilling to delineate resource extensions, progressing feasibility studies, and engaging with stakeholders on regulatory reform to unlock the project’s full potential.