Cauldron Energy talks up uranium potential after defining new targets at Yanrey

Cauldron Energy talks up uranium potential after defining new targets at Yanrey

Cauldron Energy Ltd (ASX:CXU) believes its Yanrey Uranium Project contains significant undiscovered uranium resources, following positive results from a new passive seismic survey.

The results highlighted multiple new in-situ recovery (ISR) uranium targets at the Flagstaff prospect over areas of unusual basement complexity.

The company says the structural information gleaned from the survey will assist in further developing the systems-style exploration model at the project. Unlocking uranium potential

Cauldron chairman Simon Youds said the findings could help unlock the uranium potential of the Yanrey project.“Our ultimate objective is to explore for uranium mineralisation amenable to extraction by ISR,” he said.“Economic deposits of sandstone-hosted, palaeochannel-style uranium can be mined using ISR in the lowest cost quartile of uranium mined globally.“This characteristic makes these deposits extremely attractive for mining at any uranium price and necessarily must form the basis of any uranium resource portfolio.“The recent passive seismic results justify the confidence we have […]

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