ASX:CXU

2 stories mentioning ASX:CXUUpdated 2h ago

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Cauldron Energy's Seismic Survey on Western Australia Uranium Deposit Shows Evidence of Extension of Palaeochannel, Shares Reach 10-Year Peak

Cauldron Energy (ASX:CXU) said the results of a passive seismic survey covering the area to the north of the Manyingee North uranium deposit in Western Australia showed evidence of the extension of the Manyingee North palaeochannel northwards through the firm's recently acquired E08/2896 tenement, into its Manyingee North deposit, and further northwards for around six kilometers, according to a Thursday Australian bourse filing.Recent wet weather in the north of Western Australia delayed the start of drilling to later in June.Its shares jumped over 33% in recent trading on Thursday, reaching the highest point in over 10 years.

ASX:CXU

Asia52d ago

Cauldron Energy Secures Two Western Australian Government Grants

Cauldron Energy (ASX:CXU) secured co-funded drilling and geophysics grants amounting to AU$217,750 under the Western Australian Government's Exploration Incentive Scheme for programs to be conducted at its Yanrey project, according to a Monday filing with the Australian bourse.The company received a co-funded geophysics grant of up to AU$78,500 for follow-up passive seismic surveying at the project and a co-funded drilling grant of up to AU$89,250 for first-pass exploration drilling in the Ashburton East region, the filing said.A further AU$50,000 allowance is available under this round of the scheme, per the filing.

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