Proactiveinvestors Australia Cauldron Energy Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia Cauldron Energy Ltd RSS feed en Sat, 20 Jul 2019 11:04:25 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Cauldron Energy appoints Simon Youds as chairman ]]> https://www.proactiveinvestors.com.au/companies/news/216515/cauldron-energy-appoints-simon-youds-as-chairman-216515.html Cauldron Energy Ltd (ASX:CXU) has appointed Simon Youds as non-executive director and chairman to its board.

Importantly, Youds has a proven track record in developing and managing African mining projects, increasing the board's technical expertise.

He previously served as Cauldron’s manager of operations from June 2012 until February 2016.

Youds is a professional mining engineer with experience in exploration, project development, and operational experience in Africa, Asia and Australia. 

READ: Cauldron Energy focused on ‘developing a clear path forward’ in energy metals

Cauldron's executive director and CEO Jess Oram said: “I am delighted to welcome Simon to the board of Cauldron, as his appointment is an important step in establishing the new direction of the company.

"As announced 6 February 2019, the board conveyed our commitment to steadily evolving the corporate strategy of CXU.

"Now the first step of the evolution of our operations is achieved, we embark on its implementation, with the aim to improve the value of the company.”

]]>
Fri, 15 Mar 2019 11:10:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216515/cauldron-energy-appoints-simon-youds-as-chairman-216515.html
<![CDATA[News - Cauldron Energy focused on ‘developing a clear path forward’ in energy metals ]]> https://www.proactiveinvestors.com.au/companies/news/214049/cauldron-energy-focused-on-developing-a-clear-path-forward-in-energy-metals-214049.html Cauldron Energy Ltd (ASX:CXU) is reinvigorating its focus of building a successful energy metals development company incorporating project acquisitions with enhanced attention on uranium, battery metals and other energy metals commodities.

In a company update, the company’s CEO and executive director Jess Oram said the board was committed to steadily evolving its corporate strategy and developing a clear path forward.

Work of founding chairman acknowledged

Oram acknowledged the work of founding chairman Tony Sage, who recently resigned as a director, and said the board was reassessing the company’s strategy.

“With renewed focus, the board pledge that we will work as hard and as sensibly as possible to bring value for all shareholders and future investors,” he said.

Future path forward

The CEO said the company intended to:

- Search and recruit an experienced chairperson with the requisite skills and experience to fill the vacant position of board chairperson;

- Accelerate its project acquisition strategy and maintain a sector focus on uranium, battery metals, and commodities associated with energy metals;

- Steadily advance the Yanrey Uranium Project along with the Bennet Well uranium deposit; and

- Substantially reduce its corporate costs.

Sage was heavily involved in positioning Cauldron as a uranium developer with a first-class project in  Western Australia’s northwest.

Corporate strategy

In the update, Oram said the company was fully committed to establishing a highly functional and capable board - rich in experience, achievement, professional skill and energy.

He said this would also involve having an appropriate balance between independent and non-independent director representation.

“The company is confident that with these qualities the best interests of shareholders will be served.”

Cauldron’s flagship is the Yanrey Uranium Project and a large amount of work by the company and others has demonstrated that it may be the embryo of potentially a world-significant uranium mineral field.

Well-endowed uranium region

Within the region is a known mineral inventory of 70 million pounds of contained uranium oxide established by Cauldron and other companies.

There is also strong potential for discovery of further mineralisation.

These deposits possess characteristics that allow for mining by in-situ recovery methods - a very low cost and environmentally friendly extraction process.

Development within policy framework

While the Western Australian government’s current uranium policy does not allow for easy and controlled growth of this mineral field, Cauldron is committed to steadily advancing project development in line with allowable policy frameworks.

The company said this would allow potential extraction from the project sooner than otherwise possible if there was a complete hiatus of work.

Price recovery “building”

Oram said the WA policy had affected the value of the Yanrey project “at a time when uranium price recovery is building due to growing world demand for energy and reduced production from Canada and Kazakhstan”.

In the update, Oram also stated: “Project generation activity has matured to levels where we could soon vend a new project aligned to Cauldron’s strategy of building a highly successful energy metals development company; an endeavour that has great potential to quickly realise shareholder value.”

]]>
Wed, 06 Feb 2019 16:37:00 +1100 https://www.proactiveinvestors.com.au/companies/news/214049/cauldron-energy-focused-on-developing-a-clear-path-forward-in-energy-metals-214049.html
<![CDATA[News - Cauldron Energy to acquire two lithium Pilbara projects ]]> https://www.proactiveinvestors.com.au/companies/news/206432/cauldron-energy-to-acquire-two-lithium-pilbara-projects-206432.html Cauldron Energy Ltd (ASX:CXU) has entered into an agreement to acquire the Pippingarra Lithium Project and the Marble Bar Lithium Project in the Pilbara region of Western Australia.

The emerging Pilbara region is one of the world’s leading hard rock lithium provinces following the discovery and development of multiple mines.

Historical samples from the projects feature grades of up to 3.72% lithium confirming the exploration potential of the projects.

The company will pay $500,000 cash in two instalments, 40 million CXU shares, 40 million options, 60 million performance shares and a 1% net smelter royalty for the acquisitions.

Cauldron’s chairman Tony Sage said: “We are very excited about this project especially considering the surrounding lithium deposits which has made this region one of the hottest in the electronic battery space.”

Pippingarra project near Fortescue discovery

The Pippingarra project area is located in the Tabba Tabba region near Port Hedland and along a fault paralleling the main Tabba Tabba structure.

Notably, this structure hosts a potential new lithium discovery by Fortescue Metals Group Ltd (ASX:FMG).

Lithium sampled at Marble Bar project

The Marble Bar project area contains a lithium spodumene and lepidolite bearing pegmatite swarm, with a strike length of 3.5 kilometres within a 4 kilometre wide corridor.

Exploration in 2016 discovered these swarms and rock chip samples returned peak values of 3.72% lithium and 3.32% lithium with an average of 1.85% lithium across 22 samples.

READ: Cauldron Energy secures partner to fund up to $2 million at Yanrey North

]]>
Fri, 05 Oct 2018 09:43:00 +1000 https://www.proactiveinvestors.com.au/companies/news/206432/cauldron-energy-to-acquire-two-lithium-pilbara-projects-206432.html
<![CDATA[News - Cauldron Energy secures partner to fund up to $2 million at Yanrey North ]]> https://www.proactiveinvestors.com.au/companies/news/206336/cauldron-energy-secures-partner-to-fund-up-to-2-million-at-yanrey-north-206336.html Cauldron Energy Ltd (ASX:CXU) has signed a farm-in agreement with Oceltip Metal Pty Ltd for the Yanrey North project area on the central coast of Western Australia.

The Yanrey North area is north of Cauldron’s Yanrey Exploration Project which hosts the Bennet Well uranium deposit.

Oceltip has will fund exploration to the value of $2 million over an initial three year earn-in period to earn 60%.

Cauldron’s chairman Tony Sage said: “The expenditure committed in this farm-in and future joint venture demonstrates Cauldron’s belief in the exploration potential of the entire project area.”

READ: Cauldron Energy's extensive uranium assets highly leveraged to rebound in commodity price

The Yanrey North area which the farm-in agreement pertains to granted E08/2017, E08/2385, E08/2386, E08/2387 and applications for E08/2666, E08/2667 and E08/2668 once granted.

Farm-in to provide renewed exploration focus

Oceltip has the option to extend the earn-in period by a further two years if it has spent at least $1 million in the first three years.

At successful completion of the earn-in period a joint venture will be formed with 60% interest held by Oceltip and the balance held by Cauldron.

]]>
Thu, 04 Oct 2018 09:39:00 +1000 https://www.proactiveinvestors.com.au/companies/news/206336/cauldron-energy-secures-partner-to-fund-up-to-2-million-at-yanrey-north-206336.html
<![CDATA[News - Cauldron Energy's extensive uranium assets highly leveraged to rebound in commodity price ]]> https://www.proactiveinvestors.com.au/companies/news/196697/cauldron-energy-s-extensive-uranium-assets-highly-leveraged-to-rebound-in-commodity-price-196697.html Cauldron Energy Ltd’s (ASX:CXU) share price has responded positively to a rebound in the uranium price over the last three weeks.

The price of the energy commodity has increased from a six-month low of US$20.25 per pound to US$21.75 per pound, a gain of 7.5%.

While this may not represent the start of a substantial rebound, the fact that it coincides with other political developments and macroeconomic trends may suggest a recovery.

Investors are perhaps taking these peripheral issues into account as Cauldron’s 25% share price increase to 4 cents coincided with the uranium price rebound.

While its share price has lost some of that ground, it has been under low volume selling and is arguably characteristic of stocks that are rebounding off a low base.

Political and macroeconomic factors are positive

If nothing else, underlying global factors indicate the worst could be over for a severely beaten down commodity.

As can be seen from the five-year chart, there has been little respite for uranium.

The blip on the far right-hand side of the chart, being the recent 7.5% increase, may not look all that significant but the changing landscape definitely points to a revival.

Cauldron’s war chest

Cauldron owns the Yanrey Uranium Project, 85 kilometres south of Onslow in Western Australia.

The licence area incorporates 12 granted tenements totalling about 1,280 square kilometres of Mesozoic sediments.

The group also has seven applications for exploration licences covering an area of just over 900 square kilometres.

These are highly prospective for sandstone-hosted uranium mineralisation, amenable to In-situ recovery (ISR) mining.

Uranium resource of 21.5 million pounds

The total uranium resource is 21.51 million pounds at 270 parts per million (ppm) uranium at a 150 ppm cut-off.

Preliminary economic evaluation has shown that a 150 ppm uranium average grade over at least half a metre is potentially economic for ISR type uranium production at the Yanrey project

Tenements lie within an area historically proven to host significant uranium deposits, evidenced by Paladin Energy’s (ASX:PDN) 26 million pound Manyingee uranium deposit.

Exploration target at Bennet Well

Drilling was undertaken at Bennet Well, part of the Yarney project, to test the exploration targets for the region referred to as BW Extended.

This is in addition to the established 21.5-million pound resource.

The exploration target for BW Extended is between 19 and 54 million tonnes of mineralisation at a grade of 300 to 420 ppm uranium for a contained 18 to 53 million pounds.

These metrics were compiled using a cut-off of 150 ppm.

This area is likely to be a focus for exploration and resource extension should Cauldron, in response to a recovery in the uranium price, recommence drilling.

Diversification outside of uranium

Until the uranium price demonstrates some clear direction and the promise of a sustained recovery, Cauldron is going to focus on opportunities outside of uranium.

In a strategy termed Project Generation, Cauldron is reviewing projects n Australia and overseas.

Commodities include gold, lithium and cobalt.

While the focus of exploration at Bennet Well has been solely on uranium, there is the prospect of delineating non-uranium mineralisation within the tenements.

From a geological perspective, management said the basement rocks, structural control and proximity to known base metals such as copper, as well as gold workings, provided promise.

The company had cash of $2.4 million as at the end of the March quarter and management intends to examine a range of options in the near term.

Argentinian interests

In Argentina, Cauldron controls, through its wholly-owned subsidiary Cauldron Minerals Limited, 445 square kilometres of exploration licence at its most advanced project, Rio Colorado, in Catamarca.

The project is prospective for copper and silver of the globally significant strata-bound sedimentary-hosted copper style of deposit. 

]]>
Thu, 10 May 2018 12:12:00 +1000 https://www.proactiveinvestors.com.au/companies/news/196697/cauldron-energy-s-extensive-uranium-assets-highly-leveraged-to-rebound-in-commodity-price-196697.html
<![CDATA[News - Cauldron Energy appoints Jess Oram as chief executive officer ]]> https://www.proactiveinvestors.com.au/companies/news/188410/cauldron-energy-appoints-jess-oram-as-chief-executive-officer-188410.html Cauldron Energy (ASX:CXU) has appointed Jess Oram as chief executive officer effective from 1 January 2018.

Oram, who has also been appointed as an executive director, has been the company’s exploration manager since 2014.

He has over 20 years’ experience in mineral exploration in a variety of geological terrains and commodities.

His resume includes establishing and leading the exploration function of several companies.

Cauldron has a suite of uranium assets in Australia and Argentina as well as a gold prospect in Western Australia.

New CEO previously a chief exploration geologist

Oram has a track record in uranium, having been chief exploration geologist for Heathgate Resources.

In this role he was involved in feasibility studies of the Four Mine Uranium deposits.

He was also team leader of a group of geoscientists involved in discovering the Pepegoona, Pannikin and Pannikan West uranium deposits.

READ: Cauldron Energy reveals potential of Bennet Well uranium deposit

Cauldron’s recent focus has been on the Bennet Well deposit within the Yanrey Uranium Project in Western Australia.

A second seismic program completed during the September quarter returned interesting results for areas surrounding the Bennet Well deposit.

The company has since validated all passive seismic data collected and incorporated this into the project-wide exploration model.

Company reviews historical work

The company has also been conducting a desktop review of all historical work conducted around the Yanrey project.

This review includes the Boolaloo project, which is prospective for gold mineralisation.

]]>
Fri, 08 Dec 2017 08:14:00 +1100 https://www.proactiveinvestors.com.au/companies/news/188410/cauldron-energy-appoints-jess-oram-as-chief-executive-officer-188410.html
<![CDATA[News - Cauldron Energy succeeds in Court of Appeal legal challenge from Forrest & Forrest Pty Ltd ]]> https://www.proactiveinvestors.com.au/companies/news/182577/cauldron-energy-succeeds-in-court-of-appeal-legal-challenge-from-forrest-forrest-pty-ltd-182577.html Cauldron Energy Ltd (ASX:CXU) has provided an update to the market today, and refers to its announcements made on:

- 29 August 2016 that the Supreme Court of Western Australia dismissed the application for judicial review by Forrest & Forrest Pty Ltd (Forrest) of the decision of the Minister for Mines and Petroleum to progress the Company’s applications for E08/2385, E08/2386 and E08/2387 through the determination processes under the Mining Act 1978 and Native Title Act 1993; and

- 16 September 2016 that Forrest lodged an appeal against this decision in the Western Australian Supreme Court, Court of Appeal.

The Court of Appeal handed down its unanimous decision today in favour of the Company.

The Court of Appeal dismissed Forrest’s appeal and ordered Forrest to pay the Company’s legal costs of the appeal.

The Company is pleased to have been successful in this litigation.

]]>
Thu, 17 Aug 2017 14:09:00 +1000 https://www.proactiveinvestors.com.au/companies/news/182577/cauldron-energy-succeeds-in-court-of-appeal-legal-challenge-from-forrest-forrest-pty-ltd-182577.html
<![CDATA[News - Cauldron Energy reveals potential of Bennet Well uranium deposit ]]> https://www.proactiveinvestors.com.au/companies/news/178305/cauldron-energy-reveals-potential-of-bennet-well-uranium-deposit-178305.html Cauldron Energy (ASX:CXU) has received a boost to the potential of its Bennet Well uranium deposit in Western Australia.

The company engaged the Commonwealth Scientific and Industrial Research Organisation (CSIRO) to complete a two-phase study into the leachability of the Bennet Well Uranium deposit.

The first stage of the study is now completed, showing the deposit is favourable for an In-Situ Recovery (ISR) style mining process.

Tony Sage, executive chairman, commented: "The CSIRO results confirm our view that the Bennett well project is not only viable but will be a low cost producer."

The CSIRO completed ten column leach tests on five mineralised zones sampled by core taken from Bennet Well East and Bennet Well Central.

Both acid leach and alkali leach was tested.

Oxidant was added to each leachate mid-way through the leaching cycle.

The second stage of the study is aimed to support the activities of the field leach trial and is yet to be commenced.


Bennet Well

The Bennet Well uranium deposit is within Cauldron's wholly-owned Yanrey – Bennet Well Project.

]]>
Thu, 25 May 2017 15:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/178305/cauldron-energy-reveals-potential-of-bennet-well-uranium-deposit-178305.html
<![CDATA[News - Cauldron Energy outlines board change ]]> https://www.proactiveinvestors.com.au/companies/news/177189/cauldron-energy-outlines-board-change-177189.html Cauldron Energy (ASX:CXU) has appointed Mr Chenchong Zhou as a non-executive director of the company, effective from the 2nd May 2017.

Ms Xinyi Zhang has resigned as a director effective immediately.

Cauldron thanked Ms Zhang for her efforts and wished her well in her future business activities.

The company is focused on the Yanrey and Boolaloo projects in Western Australia.

]]>
Wed, 03 May 2017 09:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/177189/cauldron-energy-outlines-board-change-177189.html
<![CDATA[News - Cauldron Energy recovers further judgment debt ]]> https://www.proactiveinvestors.com.au/companies/news/176053/cauldron-energy-recovers-further-judgment-debt-176053.html Cauldron Energy (ASX:CXU) last year received judgment in its favour in respect of its claims against Guangzhou City Investment Management Co. Ltd.

Cauldron has now recovered another $169,492 of the outstanding balance (before receiver costs) from the sale of shares by the receiver.

In July 2016, Cauldron recovered $488,000 (net of costs) of the judgement debt.

The judgment debt due and payable to Cauldron was $1 million plus interest.

]]>
Thu, 06 Apr 2017 12:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/176053/cauldron-energy-recovers-further-judgment-debt-176053.html
<![CDATA[News - Cauldron Energy appoints new non-executive director ]]> https://www.proactiveinvestors.com.au/companies/news/170902/cauldron-energy-appoints-new-non-executive-director-170902.html Cauldron has two project areas covering more than 4,500 square kilometres in two known uranium provinces in South Australia and Western Australia.

The Yanrey Project in Western Australia comprises 14 granted exploration licences covering 2,276 square kilometres and seven applications for exploration licences covering 912 square kilometres.

Yanrey is prospective for large sedimentary-hosted uranium deposits.

The Marree joint venture in South Australia comprises five granted exploration licences covering 2,794 square kilometres prospective for sedimentary-hosted uranium deposits of both the Beverley Uranium and Four Mile Uranium style, and for base metal mineralisation.

]]>
Fri, 23 Dec 2016 10:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/170902/cauldron-energy-appoints-new-non-executive-director-170902.html
<![CDATA[News - Cauldron Energy plans to recover judgement debt ]]> https://www.proactiveinvestors.com.au/companies/news/170288/cauldron-energy-plans-to-recover-judgement-debt-170288.html Cauldron Energy (ASX:CXU) has previously advised that it received judgment in its favour in respect of its claims against Guangzhou City Investment Management Co. Ltd (Guangzhou City).

The judgement debt due and payable to the company was for $1 million plus interest (Judgment Debt).

The Judgment Debt principal amount represents unpaid subscription funds (originally due 3 November 2014) pursuant to a placement agreement dated 6 June 2014 for the issue of 8,474,588 shares (placement shares) in Cauldron at an issue price of $0.118 per share (placement agreement).

As announced 6 July 2016, Guangzhou City was the registered holder of 33,898,812 shares in Cauldron.

On 17 May 2016, upon the company’s ex parte application, Master Sanderson made orders appointing a receiver (Mr Kim Wallman of HLB Mann Judd (Insolvency WA) (Receiver) over the shares to recover payment of the Judgment Debt in accordance with the powers afforded by the Civil Judgments Enforcement Act.

On 5 July 2016, the receiver completed the sale of the Shares to a series of investors for $488,000 (net of Receiver costs).


Recovery of balance of Judgment Debt

Cauldron seeks to enforce payment of the outstanding balance of the Judgment Debt in accordance with the powers afforded by the Civil Judgments Enforcement Act.

On 8 December 2016, Cauldron issued all 8,474,588 placement shares to Guangzhou City, in full satisfaction of the company’s obligations pursuant to the placement agreement.

]]>
Mon, 12 Dec 2016 05:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/170288/cauldron-energy-plans-to-recover-judgement-debt-170288.html
<![CDATA[News - Cauldron Energy Ltd receives $2.5M from key new investor ]]> https://www.proactiveinvestors.com.au/companies/news/169172/cauldron-energy-ltd-receives-25m-from-key-new-investor-169172.html Cauldron Energy Ltd (ASX:CXU) has now received A$2.5 million in funds pursuant to the placement agreement with a new Chinese investor.

The new investor will be issued 31.25 million shares at an issue price of $0.08 subject to shareholder approval.

Approval will be sought at the company’s upcoming annual general meeting on 24 November 2016.

Funds raised will primarily be used at the Bennet Well uranium deposit within the Yanrey Project in Western Australia to complete its passive seismic survey work, commence field leach trials and for working capital.

Tony Sage, executive chairman, commented: “We are pleased to have received this significant investment funding from a new key Chinese investor.

“The funding will allow the company to continue its work to advance its significant uranium resource project located in the Yanrey region of Western Australia.”

While the company continues to retain its interests in South Australia and Argentina, Cauldron’s main focus remains on the Bennet Well uranium deposit within the Yanrey Project in Western Australia.

The Bennet Well uranium deposit is comprised of three spatially separate deposits:

- Bennet Well East;
- Bennet Well Central; and
- Bennet Well South.

In December 2015, Cauldron achieved its objective of increasing the Mineral Resource estimate of the Bennet Well uranium deposit.

The upgraded Mineral Resource JORC 2012 estimate was reported as 38.9 million tonnes at 360 parts per million uranium for 30.9 million pounds of uranium oxide.

]]>
Fri, 18 Nov 2016 12:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/169172/cauldron-energy-ltd-receives-25m-from-key-new-investor-169172.html
<![CDATA[News - Cauldron Energy Ltd secures $2.5M at significant premium from Chinese investor ]]> https://www.proactiveinvestors.com.au/companies/news/166058/cauldron-energy-ltd-secures-25m-at-significant-premium-from-chinese-investor-71085.html Cauldron Energy Ltd (ASX:CXU) has executed a A$2.5 million placement agreement with a new Chinese sophisticated investor.

Under the agreement, Cauldron will issue 31.25 million shares priced at $0.08, which represents a 29% premium to the company’s last closing price.

The agreement is conditional to the investor approving the company’s financial budget for the period to 31 December 2017.

Funds raised will primarily be used at the Bennet Well uranium deposit within the Yanrey Project in Western Australia to complete its passive seismic survey work, commence field leach trials and for working capital.

Tony Sage, executive chairman, commented: “This placement to a key Chinese investor at such a significant premium to the market validates our considerable success in developing the project.”


Placement agreement

The Chinese investor needs to approve the company’s financial budget for the period to 31 December 2017 as a condition precedent to the placement agreement.

Management is currently in the process of constructing its budget, which it anticipates will be presented for approval by the board and investor in the coming weeks.

In accordance with the placement agreement, the A$2.5 million will be paid to the company in two tranches, as follows:

- A$1 million by 30 September 2016; and
- A$1.5 million by 31 October 2016.

The placement agreement also includes the offer of 20 million unlisted options exercisable at $0.08 on or before 31 December 2018.

Shareholder approval will be sought at the company’s upcoming annual general meeting for the issue of the placement shares and options.

Cauldron has also agreed to appoint an additional director to the board upon completion of the placement.

Yanrey Project: Bennet Well

While the company continues to retain its interests in South Australia and Argentina, Cauldron’s main focus remains on the Bennet Well uranium deposit within the Yanrey Project in Western Australia.

The Bennet Well uranium deposit is comprised of three spatially separate deposits:

- Bennet Well East;
- Bennet Well Central; and
- Bennet Well South.

In December 2015, Cauldron achieved its objective of increasing the Mineral Resource estimate of the Bennet Well uranium deposit.

The upgraded Mineral Resource JORC 2012 estimate was reported as 38.9 million tonnes at 360 parts per million uranium for 30.9 million pounds of uranium oxide.


Analysis

The proposed placement at a 29% premium to the last traded share price is a positive endorsement for Cauldron and the Bennet Well uranium deposit.

Furthermore, it provides the company with valuable funding to continue exploration and development of Bennet Well.

The region has recently attracted interest and investment highlighted by the recent deal valued at up to US$30 million between MGT Resources Ltd (ASX:MGS) and Paladin Energy Ltd (ASX:PDN).

News regarding the approval of the budget is expected over the coming weeks which is integral to the placement agreement’s completion.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Mon, 19 Sep 2016 13:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/166058/cauldron-energy-ltd-secures-25m-at-significant-premium-from-chinese-investor-71085.html
<![CDATA[News - Cauldron Energy Ltd: Appeal Lodged by Forrest & Forrest Pty Ltd ]]> https://www.proactiveinvestors.com.au/companies/news/165990/cauldron-energy-ltd-appeal-lodged-by-forrest-forrest-pty-ltd-71063.html Cauldron Energy Ltd (ASX:CXU), in August 2016, received judgment in its favour against Forrest & Forrest Pty Ltd (Forrest) in respect of the Cauldron’s application for exploration licences 08/2385, 08/2386 and 08/2387 (ELA's).

On 26 August 2016, The Honourable Justice Tottle handed down his decision dismissing the Forrest Application and making formal orders for Forrest to pay the company’s costs.

The ELA's have been targeted by Cauldron to further consolidate the company’s interest holdings in the Yanrey Project region.

Cauldron’s success against Forrest’s legal challenge marks a significant step towards the company being formally granted the exploration licences.


Received notice

Cauldron today has said that it has received notice that Forrest has lodged an appeal in the Western Australian Court of Appeal against the decision.

The date of the hearing of the appeal has not been fixed. The company said it will inform shareholders of any material developments.

Tony Sage, Executive Chairman, told Proactive Investors: “This is unfortunate as explorers like Cauldron should spend shareholder funds in the ground and not on unnecessary litigation."

This issue has been decided twice already by the relevant authorities.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Fri, 16 Sep 2016 13:20:00 +1000 https://www.proactiveinvestors.com.au/companies/news/165990/cauldron-energy-ltd-appeal-lodged-by-forrest-forrest-pty-ltd-71063.html
<![CDATA[News - Cauldron Energy Ltd succeeds in legal challenge from Forrest & Forrest Pty Ltd ]]> https://www.proactiveinvestors.com.au/companies/news/165573/cauldron-energy-ltd-succeeds-in-legal-challenge-from-forrest-forrest-pty-ltd-70715.html Cauldron Energy Ltd (ASX:CXU) has received judgment in its favour against Forrest & Forrest Pty Ltd (Forrest) in respect of the Cauldron’s application for exploration licences 08/2385, 08/2386 and 08/2387 (ELAs).
 
As previously announced Cauldron lodged applications for ELAs on 4 April 2012. Forrest lodged objections to the applications under the Mining Act.


Dates and timeline

On 5 January 2015 the Minister for Mines decided there were sufficient grounds to allow the applications to proceed through the determination process under the Mining Act and the Native Title Act.

On 1 April 2015, Forrest requested the applications return to the warden. The warden declined to have any further hearing of the applications and the applications have successfully passed through the Native Title process.

On 27 August 2015, Forrest made application to the Supreme Court of Western Australia for judicial review of the Minister’s decision to progress each application through the determination process under the Mining Act and the Native Title Act (Forrest Application).

The Forrest Application was heard on 19 April 2016. 

On 26 August 2016, The Honourable Justice Tottle handed down his decision dismissing the Forrest Application and making formal orders for Forrest to pay the Company’s costs.

The ELAs have been targeted by Cauldron to further consolidate the Company’s interest holdings in the Yanrey Project region.

Cauldron’s success against Forrest’s legal challenge marks a significant step towards the company being formally granted the exploration licences. 

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Mon, 29 Aug 2016 13:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/165573/cauldron-energy-ltd-succeeds-in-legal-challenge-from-forrest-forrest-pty-ltd-70715.html
<![CDATA[News - Cauldron Energy Ltd recovers judgement debt ]]> https://www.proactiveinvestors.com.au/companies/news/151775/cauldron-energy-ltd-recovers-judgement-debt-69659.html Cauldron Energy Ltd (ASX:CXU) has recovered $0.5 million of judgement debt leaving the company well-funded with an estimated $5 million in cash and liquid assets.

This will allow Cauldron to focus on finalising field leach trials at the Bennet Well uranium deposit within its Yanrey Uranium Project in Western Australia.

Cauldron received judgement in its favour in respect of its claim against Guangzhou City Guangrong Investment Management Co. Ltd.

The judgement debt payable by Guangzhou City to the company is $1 million plus interest.

Guangzhou City was the registered holder of 33,898,812 shares in Cauldron, which were sold in July to recover $508,475 as part of the debt owing.


Background

Cauldron has two projects in two known uranium provinces in South Australia and Western Australia and 3,400 square kilometres of exploration tenements in Argentina.

The Yanrey Project in Western Australia comprises 12 granted exploration licences and 7 applications for exploration licences for a total of 2,954 square kilometres.

Yanrey is prospective for large sedimentary-hosted uranium deposits and hosts the company’s flagship Bennet Well uranium deposit.
 
The Marree Joint Venture in South Australia comprising five granted exploration licences for 2,794 square kilometres and is prospective for sedimentary-hosted uranium deposits and base metals.

Cauldron is awaiting approvals to commence drilling in Argentina.


Yanrey Project: Bennet Well

In December 2015, Cauldron achieved its objective of increasing the Mineral Resource estimate of the Bennet Well uranium deposit.

The upgraded Mineral Resource JORC 2012 estimate was reported as 38.9 million tonnes at 360 parts per million uranium for 30.9 million pounds of uranium oxide.


Analysis

Today's result ensures the issue is finalised and the overhang of shares is now gone. Cauldron also has in excess of $5 million in cash and liquid assets.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Wed, 06 Jul 2016 16:10:00 +1000 https://www.proactiveinvestors.com.au/companies/news/151775/cauldron-energy-ltd-recovers-judgement-debt-69659.html
<![CDATA[News - Cauldron Energy Ltd recovers A$2.5M from judgment debt ]]> https://www.proactiveinvestors.com.au/companies/news/151774/cauldron-energy-ltd-recovers-a25m-from-judgment-debt-67750.html Cauldron Energy Limited (ASX:CXU) has recovered the sum of $2,530,539.32 in satisfaction of the judgment debt owed by Beijing Joseph Investment Co. Ltd and Joseph Investment International Limited (the Joseph Parties).

Tony Sage, executive chairman for Cauldron, told Proactive Investors exclusively:

"The combination of finalising the court action and bringing on an enthusiastic new shareholder‎ bodes well for the future.

"We can now concentrate on finalising the last piece of the puzzle with the impending commencement of the field leach trials."

As announced by Cauldron on 29 January 2016, the company received judgment in its favour in respect of its claim against the Joseph Parties and Guangzhou City Guangrong Investment Management Co. Ltd (Guangzhou City).

The company issued a statutory demand to Joseph Investment International Limited, a company incorporated in the British Virgin Islands, demanding payment of $2 million plus interest, damages and costs, by 24 March 2016.

On 24 March 2016, Cauldron reached an agreement whereby payment of interest, damages and costs in the amount of $530,539.32 was made by the Joseph Parties and the remaining $2 million was paid by a third party, MGT Resources Limited (ASX:MGS), in exchange for the shares which were to be issued to the Joseph Parties.

This is 100% of the amount owed by the Joseph Parties.

Cauldron said that it would like to take this opportunity to welcome MGT Resources (ASX:MGS) as its newest investor.

The remaining $1 million plus interest is due and payable by Guangzhou City.

A holding lock is currently in place over shares owned by Guangzhou City.

The company is enforcing payment of the judgment debt in accordance with the powers under the Civil Judgments Enforcement Act.


Cauldron projects

Cauldron has several projects covering more than 4,500 square kilometres in two known uranium provinces in Australia.

Cauldron's Bennet Well in Western Australia recently enhanced its investment profile after being awarded lead agency project status by the state government.

Under this status, Bennet Well will benefit from Mines Department officers assisting in approvals coordination across WA agencies.

It also indicates the importance of developing a low impact and low cost In-Situ Recovery (ISR) extraction method providing a new resource industry skill set for Western Australia.

The WA government has provided a regulatory Guidance Note for conducting field leach testing under the current Exploration Lease approvals system.

This is consistent with Cauldron's project scheduling completion date of 2020, given successful funding for Field Leach Testing (FLT) planned to commence in June 2016 Quarter.

The company believes Bennet Well to be first in a series of ISR projects in the region.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Tue, 29 Mar 2016 14:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/151774/cauldron-energy-ltd-recovers-a25m-from-judgment-debt-67750.html
<![CDATA[News - Cauldron Energy wins legal proceedings ]]> https://www.proactiveinvestors.com.au/companies/news/151773/cauldron-energy-wins-legal-proceedings-66774.html Cauldron Energy (ASX:CXU) has advised that yesterday afternoon His Honour Justice Mitchell of the Supreme Court of Western Australia found in favour of Cauldron in respect of its claim that Beijing Joseph Investment Co. Ltd, Joseph Investment International Limited, and Guangzhou City Guangrong Investment Management Co. Ltd have breached their respective placements agreements in 2014 and entered judgment in favour of the Company in the following amounts:

- $3 million plus interest;
- damages of $55,000 plus interest; and
- 85% of the Company’s legal costs.

As previously announced, the proceedings began on 12 October 2014, when Beijing Joseph Investment Co. Ltd, Joseph Investment International Limited, and Guangzhou City Guangrong Investment Management Co. Ltd (the Plaintiffs) obtained ex parte injunctive relief against the Company in the Supreme Court of New South Wales without notice to the Company.

The injunctive orders were discharged by consent on 15 October 2014.

On 11 December 2014, Justice Robb of the New South Wales Supreme Court made orders transferring the proceedings to the Supreme Court of Western Australia.

Cauldron counterclaimed seeking to enforce the placement agreements.

The Company will now take steps to enforce the judgment and recover its legal costs as ordered by the Supreme Court.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

]]>
Fri, 29 Jan 2016 15:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/151773/cauldron-energy-wins-legal-proceedings-66774.html
<![CDATA[News - Cauldron Energy uranium project validated by state endorsement ]]> https://www.proactiveinvestors.com.au/companies/news/151772/cauldron-energy-uranium-project-validated-by-state-endorsement-66527.html Cauldron Energy's (ASX:CXU) Bennet Well uranium project in Western Australia has enhanced its investment profile after being awarded lead agency project status by the state government.

Under this status, Bennet Well will benefit from Mines Department officers assisting in approvals coordination across WA agencies.

It also indicates the importance of developing a low impact and low cost In-Situ Recovery (ISR) extraction method providing a new resource industry skill set for Western Australia.

The WA government has provided a regulatory Guidance Note for conducting field leach testing under the current Exploration Lease approvals system.

This is consistent with Cauldron's project scheduling completion date of 2020, given successful funding for Field Leach Testing (FLT) planned to commence in June 2016 Quarter.

The company believes Bennet Well to be first in a series of ISR projects in the region.


New resource

The company has defined a global scale potential ISR resource at Bennet Well, with a massive optimisation last month signalling an important improvement of the project's development profile.

A 33% increase in grade and a 44% increase in contained uranium oxide were confirmed at Bennet Well, with the resource now standing at 38.9 million tonnes at 360 ppm U3O8 for a contained uranium oxide content of 30.9 million pounds at a 150 ppm cut-off grade.

This represents about a 44% improvement over a previous resource estimate for the deposit of 21.5 million pounds of contained oxide content at the same cut-off grade.

The inferred and indicated inventory also benefited from an increase in average grade from 270 ppm to 360 ppm U3O8.

Mineralisation remains open at the project, including at new exploration licence area.


Analysis

The lead agency status provides the company with key internal liaison personnel in the WA government to advise and assist Cauldron’s team navigate the approvals process.

This may prove to be an important advantage in the sometimes difficult regulatory environment associated with uranium production.

This validation for Bennet Well underlines Cauldron’s progress in understanding and defining the mineralisation and its potential application for this low cost and low environmental impact mining method.

It sets up the company for a string of development milestones which could offer price catalysts.

Importantly, the lead agency status follows on a massive inventory increase, which established Bennet Well resources at 30.9 million pounds of uranium.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Tue, 12 Jan 2016 13:19:00 +1100 https://www.proactiveinvestors.com.au/companies/news/151772/cauldron-energy-uranium-project-validated-by-state-endorsement-66527.html
<![CDATA[News - Cauldron Energy emerges as global uranium play with new resource ]]> https://www.proactiveinvestors.com.au/companies/news/151771/cauldron-energy-emerges-as-global-uranium-play-with-new-resource-66239.html A 33% increase in grade and a 44% increase in contained uranium oxide has confirmed Cauldron Energy's (ASX:CXU) Bennet Well deposit in Western Australia as a globally significant in-situ recovery (ISR) project.

Bennet Well resources now stand at 38.9 million tonnes at 360 ppm U3O8 for a contained uranium oxide content of 30.9 million pounds at a150 ppm cut-off grade.

This represents about a 44% improvement over a previous resource estimate for the deposit of 21.5 million pounds of contained oxide content at the same cut-off grade.

The inferred and indicated inventory also benefited from an increase in average grade from 270 ppm to 360 ppm U3O8.

Mineralisation remains open at the project, including at new exploration licence area.

The improvement in the mass and grade at Bennet Well is attributable to the successful delineation of newly discovered mineralisation at the project's Bennet Well Channel, improved correlation of mineralised lenses and further refinement of mineralisation domains to guide grade interpolation of laterally extensive mineralised lenses situated adjacent to impermeable sedimentary units.

The overall affirmation of Bennet Well's robustness sets up the project and WA's Yanrey region in general as a potential suppler of uranium into a predicted supply shortfall post 2020.


Region of promise

The expansion of Bennet Well also follows the discovery of additional mineralisation in a channel adjacent to Paladin Energy’s (ASX:PDN) Manyingee property, which boasts grades nearing 1,000 ppm U3O8.

The newly identified area, now called Manyingee South, returned assays from mud rotary holes exceeding expectations of thickness and grade, with 0.75 metres at 288.91 ppm U3O3 from 53 metres and 0.45 metres at 235.80 ppm U3O3 from 53.4 metres.

The drilling was part of an extensional program at Bennet Well regional targets aimed at establishing a resource of 19-54 tonnes of mineralisation at a grade of 300-420 ppm U3O3 for a contained 18-53 million pounds of U3O3.

Mineralisation at Bennet Well is part of the Yanrey project, which comprises a collection of twelve exploration tenements in northwestern WA.

Known deposits in the Yanrey region include both Paladin’s Manyingee and Carley Bore properties, which contain 25.8 million pounds and 15.6 million pounds of uranium, respectively.

The area is prospective of sandstone-style uranium mineralisation capable of extraction by in-situ recovery (ISR) mining technique.

WA is emerging as Australia’s next major uranium province, with Cameco (TSX:CCO) recently receiving an environmental clearance for its Kintyre development and Toro Energy’s (ASX:TOE) Wiluna project already approved to be the state’s first uranium mine.


Analysis

This is a major expansion for Bennet Well and confirms that the project has potential to be a globally relevant source for uranium supply as supply-demand dynamics for the commodity shift into a higher gear with a growing nuclear sector.

Adding to the macro relevance of this development, the resource estimate arrives serendipitously in the wake of the Paris Sustainable Innovation Forum, where low carbon emissions targets were agreed by consensus.

The new resource also confirms that the Yanrey’s region is generally well mineralised with uranium, having supported the development of operations such as Manyingee and Carley Bore.

Bennet Well is on a pathway to establish a producing operation by 2020.

Cauldron controls more than 6,000 square kilometres of uranium-prospective tenements across WA and South Australia (Australia’s leading uranium state) as well as large projects with defined uranium mineralisation in Argentina.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Thu, 17 Dec 2015 14:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/151771/cauldron-energy-emerges-as-global-uranium-play-with-new-resource-66239.html
<![CDATA[News - Cauldron Energy extends uranium mineralisation as drilling continues ]]> https://www.proactiveinvestors.com.au/companies/news/151770/cauldron-energy-extends-uranium-mineralisation-as-drilling-continues-66017.html More successful drilling at Cauldron Energy’s (ASX:CXU) Bennet Well project in Western Australia has extended mineralisation over 11 kilometres and cemented interpretations that the proposed mine occupies a major uranium province.

The drilling completed by Cauldron, to date, has confirmed mineralisation extends southeast from the Bennet Well deposit to the tenement boundary for at least 7 kilometres.

The lateral continuity of mineralised palaeovalley is at least 11 kilometres, extending from the northwest of the project’s Bennet Well Central area to the southeast of currently delineated Bennet Well Channel.

Mineralisation is still open to the southeast which provides justification for an exploration licence application lodged in the area in October.

The Bennet Well Channel is a linear zone of mineralisation proximal to the area of the Bennet Well resource and extends to the southeast for at least 3.2 kilometres and about 500 metres wide.

Cauldron has reported this area earlier this year to have an exploration target of 19 to 54 million tonnes grading 300 to 420ppm U3O8.

Cauldron is currently drilling at Bennet Well Channel and intends to complete a resource over the combined mineralisation of Bennet Well and Bennet Well Channel.

This work is expected to result in an increase in the resource of the Bennet Well deposit, which stands at 36.1 million tonnes at 270 ppm uranium oxide for a total contained oxide content of 21.5 million pounds at a 150 ppm cut-off grade.

Drilling completed in the channel, since the company last update amounts to 25 mud rotary holes for 2411 metres.

Recent mud rotary drilling results at the project has included the following intercepts:

– 4.45 metres at 518 ppm U3O8 from 76.50 metres
– 0.65 metres at 312 ppm U3O8 from 83.70 metres
– 1.35 metres at 516 ppm U3O8 from 72.30 metres
– 0.80 metres at 353 ppm U3O8 from 75.85 metres
– 2.30 metres at 461 ppm U3O8 from 79.85 metres
– 1.25 metres at 248 ppm U3O8 from 34.40 metres
– 2.35 metres at 271 ppm U3O8 from 38.20 metres
– 2.50 metres at 426 ppm U3O8 from 66.60 metres
– 0.35 metres at 324 ppm U3O8 from 38.20 metres
– 2.55 metres at 301 ppm U3O8 from 67.75 metres
– 0.75 metres at 217 ppm U3O8 from 59.60 metres

Drilling last month at the site returned some spectacular high-grade intercepts of nearly 0.5% U3O8 in three mineralised zones.

This included a mud rotary drillhole returning 1.25 metres at 293 ppm U3O8, from 82.5 metres and 1.8 metres at 2900 ppm U3O8, from 86 metres, including 1.1 metres at 4520 ppm U3O8, from 86.35 metres.

This hole also delivered 0.90 metres at 268 ppm U3O8, from 88.6 metres.


Big potential

The latest drilling follows on the discovery of additional mineralisation in a channel adjacent to Paladin Energy’s (ASX:PDN) Manyingee property, which boasts grades nearing 1,000 ppm U3O8.

The newly identified area, now called Manyingee South, returned assays from mud rotary holes exceeding expectations of thickness and grade, with 0.75 metres at 288.91 ppm U3O3 from 53 metres and 0.45 metres at 235.80 ppm U3O3 from 53.4 metres.

The drilling was part of an extensional program at Bennet Well regional targets aimed at establishing a resource of 19-54 tonnes of mineralisation at a grade of 300-420 ppm U3O3 for a contained 18-53 million pounds of U3O3.

Mineralisation at Bennet Well is part of the Yanrey project, which comprises a collection of twelve exploration tenements in northwestern WA.

Known deposits in the Yanrey region include both Paladin’s Manyingee and Carley Bore properties, which contain 25.8 million pounds and 15.6 million pounds of uranium, respectively.

The area is prospective of sandstone-style uranium mineralisation capable of extraction by in-situ recovery (ISR) mining technique.

WA is emerging as Australia’s next major uranium province, with Cameco (TSX:CCO) recently receiving an environmental clearance for its Kintyre development and Toro Energy’s (ASX:TOE) Wiluna project already approved to be the state’s first uranium mine.


Analysis

The successes of all recent drilling programs confirm the significant size potential of mineralisation at Bennet Well and offer important upside in Cauldron valuation as the project advances.
 
The latest drilling successes also prove the value of the exploration model developed by Cauldron in predicting the occurrence of mineralisation and reinforces the company’s clear understanding of the mechanism of mineralisation.

This is worth noting for investors as Cauldron switches its attention to its large landholding in the Carnarvon Basin where prospectivity has been clearly demonstrated for low-cost ISR uranium production.

Cauldron controls more than 6,000 square kilometres of uranium-prospective tenements across WA and South Australia (Australia’s leading uranium state) as well as large projects with defined uranium mineralisation in Argentina.

Coupled with the high potential for further advances in exploration, there are favourable economic factors for extraction by the highly efficient ISR recovery method. This is due to the shallow depths to mineralisation at the southeastern end of the Bennet Well Channel.

Most significantly, the exploration success confirms Cauldron’s belief that this is a mineralised uranium province of significant global proportion.

Bennet Well is on a pathway to establish a producing operation by 2020.

The potential improvement of the Bennet Well global resource as a result of the upcoming work at Bennet Well Channel represents an important possible price catalyst for Cauldron stock.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Mon, 07 Dec 2015 10:41:00 +1100 https://www.proactiveinvestors.com.au/companies/news/151770/cauldron-energy-extends-uranium-mineralisation-as-drilling-continues-66017.html
<![CDATA[News - Cauldron Energy spikes on high-grade uranium hits at Bennet Well ]]> https://www.proactiveinvestors.com.au/companies/news/151769/cauldron-energy-spikes-on-high-grade-uranium-hits-at-bennet-well-65643.html Cauldron Energy (ASX:CXU) shares jumped 25% yesterday on news of spectacular high-grade intercepts of nearly 0.5% uranium oxide (U3O8) at the company’s Bennet Well project  in Western Australia.

The stock last closed at A$0.175, or 84% higher than its value at the beginning of the month. 

A mud rotary drillhole at the site has intersected three mineralised zones, with 1.25 metres at 293 ppm U3O8, from 82.5 metres and 1.8 metres at 2900 ppm U3O8, from 86 metres, including 1.1 metres at 4520 ppm U3O8, from 86.35 metres.

This hole also delivered 0.90 metres at 268 ppm U3O8, from 88.6 metres.

This represents the second-best ever hole at the project as drilling continues with a density sufficient to estimate an Inferred Mineral Resource.

Further successful drilling on the Bennet Well Channel is likely to increase the Mineral Resource of the Bennet Well uranium deposit, which currently stands at 36.1 million tonnes at 270 ppm U3O8 for a total contained oxide content of 21.5 million pounds at a 150 ppm cut-off grade. 

The Bennet Well Channel is a linear zone of mineralisation proximal to the area of the Bennet Well Mineral Resource and extends to the southeast for at least 3.2 kilometres and about 500 metres wide. 

Cauldron reported this area in an Exploration Target estimate earlier this year of 19 to 54 million tonnes grading 300 to 420ppm U3O8.

There are indications that the Bennet Well Channel may extend 7.5 km from interpretation of electromagnetic data and that is supported by historic drilling completed by Dynasty Metals.

The Bennet Well deposit holds 36.1 million tonnes of resources at 270 ppm U3O8 for a total contained content of 21.5 million pounds of U3O3.


Growing potential

The latest drilling follows closely on the discovery of additional mineralisation in a channel adjacent to Paladin Energy’s (ASX:PDN) Manyingee property, which boasts grades nearing 1,000 ppm U3O8. 

The newly identified area, now called Manyingee South, returned assays from mud rotary holes exceeding expectations of thickness and grade, with 0.75 metres at 288.91 ppm U3O3 from 53 metres and 0.45 metres at 235.80 ppm U3O3 from 53.4 metres.

The drilling was part of an extensional program at Bennet Well regional targets aimed at establishing a resource of 19-54 tonnes of mineralisation at a grade of 300-420 ppm U3O3 for a contained 18-53 million pounds of U3O3.

The exploration target for the eight contiguous areas adjacent to the Bennet Well resource is 5-25 million tonnes of mineralisation at a grade of 205-360 ppm U3O3 containing 4-23 million pounds of U3O3.

Within Manyingee South, the exploration target is between 2.1 to 9.1 million tonnes at 270 ppm U3O3 for between 0.9 and 7.7 million pounds of contained uranium oxide.


The broader region

Mineralisation at Bennet Well is part of the Yanrey project, which comprises a collection of twelve exploration tenements in northwestern WA.

Known deposits in the Yanrey region include both Paladin Energy’s Manyingee and Carley Bore properties, which contain 25.8 million pounds and 15.6 million pounds of uranium, respectively. 

The area is prospective of sandstone-style uranium mineralisation capable of extraction by in-situ recovery (ISR) mining technique.

WA is emerging as Australia’s next major uranium province, with Cameco (TSX:CCO) recently receiving an environmental clearance for its Kintyre development and Toro Energy’s (ASX:TOE) Wiluna project already approved to be the state’s first uranium mine.


Analysis

This latest drilling success augers very well for the Bennet Well resource as this was just the first hole drilled after re-starting the rig.

Cauldron is demonstrating that its exploratory predictions are translating into tangible results capable of growing both the Bennet Well resource and shareholder value.

The investor reaction to this most recent hole has demonstrated there is real potential for future price catalysts in ongoing exploration of Bennet Well as well as any eventual resource increase. 

This investor support also underlines the recognition of uranium-based power in the global energy mix and the role Cauldron is primed to play as a potentially low-cost uranium supplier with considerable scalability. 

Bennet Well is predicted to operate at a production price of US$13 per pound of uranium, which would make it economic even at the current uranium price range around US$35 per pound.

Cauldron’s recent extension exploration has also demonstrating the high level of uranium mineralisation in the broader region and the geological interplay between nearby deposits.

Manyingee South is only 4.5 kilometres from Paladin’s Manyingee, which itself is considered to have scope for a resource increase.

Cauldron controls more than 6,000 square kilometres of uranium-prospective tenements across WA and South Australia (Australia’s leading uranium state) as well as large projects with defined uranium mineralisation in Argentina.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Tue, 17 Nov 2015 08:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/151769/cauldron-energy-spikes-on-high-grade-uranium-hits-at-bennet-well-65643.html
<![CDATA[News - Cauldron Energy expands uranium potential at Bennet Well ]]> https://www.proactiveinvestors.com.au/companies/news/151768/cauldron-energy-expands-uranium-potential-at-bennet-well-65385.html Cauldron Energy (ASX:CXU) is set to expand resources and drilling plans at its Bennet Well uranium project in Western Australia after identifying mineralisation adjacent to a neighbouring 25-million-pound  uranium project.

The channel, now called Manyingee South, defined mineralisation that appeared to have many similarities to Paladin Energy’s (ASX:PDN) adjacent Manyingee channel, which boasts grades nearing 1,000 ppm uranium oxide.

Assays from the first 2 mud rotary holes at Manyingee South exceeded expectations of thickness and grade, with 0.75 metres at 288.91 ppm U3O3 from 53 metres and 0.45 metres at 235.80 ppm U3O3 from 53.4 metres.

The drilling was part of an extensional program at Bennet Well regional targets aimed at establishing a resource of 19-54 tonnes of mineralisation at a grade of 300-420 ppm U3O3 for a contained 18-53 million pounds of U3O3.

The exploration target for the eight contiguous areas adjacent to the Bennet Well resource is 5-25 million tonnes of mineralisation at a grade of 205-360 ppm U3O3 containing 4-23 million pounds of U3O3.

The Bennet Well deposit holds 36.1 million tonnes of resources at 270 ppm U3O8 for a total contained content of 21.5 million pounds of U3O3.

Within Manyingee South, the exploration target is between 2.1 to 9.1 million tonnes at 270 ppm U3O3 for between 0.9 and 7.7 million pounds of contained uranium oxide.

Interestingly, the geological setting at Manyingee South is considered distinctly different to that of Bennet Well, where mineralisation is situated beneath highly glauconitic, clay-rich, marine sands and silts called the greensand.

Instead, the latest drilling at Manyingee South indicated the geology had similarities to that of Paladin’s Manyingee deposit, with associations between uranium mineralisation and a redox boundary between strongly oxidised and strongly reduced sediments.

Known deposits in the region also include Paladin’s Carley Bore property, which contains 15.6 million pounds of uranium.

The broader area is prospective for sandstone-style uranium mineralisation capable of extraction by in-situ recovery (ISR) mining technique, which is roundly considered the most economic and efficient means of uranium production.


Recent successes

The expansion push that led to the discovery at Manyingee South followed a drilling campaign at the Bennet Well Channel that exceeded Cauldron’s maximum target exploration range with exceptional results in thickness and grade.

Rotary drillholes from Bennet Well Channel returned 4.15 metres at 529 parts per million uranium oxide from 88.9 metres, 3.05 metres at 397 ppm U3O8 from 72.4 metres and 1.9 metres at 480 ppm U3O8 from 70.1 metres.

The delivery of extensions to strike length and grade increased the exploration target at Bennet Well Channel five-fold to a range of between 1.6 million tonnes and 8.6 million tonnes mass of mineralisation at 470 ppm U3O8 for a contained uranium oxide content of between 1.6 and 8.9 million pounds.

Bennet Well Channel is a linear zone of mineralisation proximal to the Bennet Well resource extending to the southeast for at least 3.2 km and about 500 m wide.

Earlier this year, Cauldron also received $2 million in placement funds for Bennet Well from director and major long-term Chinese shareholder Derong Qiu.

This underlined shareholder confidence in the company as demand for nuclear power increases in China. China’s electricity demand is growing at an average annual rate of 10%.


Analysis

The latest drilling offers significant upside to Bennet Well by demonstrating the high level of uranium mineralisation in the broader region and the geological interplay between nearby deposits.

Manyingee South is only 4.5 kilometres from Paladin’s Manyingee, which itself is considered to have scope for a resource increase.

The discovery also bodes well for upcoming extensional drilling in the area, which could represent price triggers for Cauldron stock, improving shareholder value and allowing for a substantial increase to Bennet Well’s global resource.

Historical drilling suggests that mineralisation grade might increase progressively northwards, leading to the expectation of positive results from a third drillhole planned for this month.

Anomalous uranium in surrounding historical holes, coupled with coincident conductive EM bodies, all suggest a possible northerly-orientated channel feature that may be mineralised.

Success at Manyingee South also demonstrates the effectiveness of Cauldron’s exploration model whereby the use of non-invasive, low-cost geophysics represents an opportunity to bring key intellectual property to the exploration team and an advantage versus other uranium developers.

Cauldron is in the process of growing Bennet Well’s intrinsic value by expanding the resource and understanding the geochemistry for ISR mining.

Bennet Well is predicted to operate at a production price of US$13 per pound of uranium, which would make it economic even at the current uranium price range around US$35 per pound.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Mon, 02 Nov 2015 14:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/151768/cauldron-energy-expands-uranium-potential-at-bennet-well-65385.html
<![CDATA[News - Cauldron Energy pursues major uranium expansion at Bennet Well ]]> https://www.proactiveinvestors.com.au/companies/news/151767/cauldron-energy-pursues-major-uranium-expansion-at-bennet-well-65064.html Cauldron Energy (ASX:CXU) has applied for a licence to extend its exploration rights on the Bennet Well uranium project in Western Australia after identifying as much as 7.4 additional kilometres of potentially economic mineralisation at the site.

Cauldron pegged the potential strike extension from the southeasterly strike extension of the Bennet Well resource known as the Bennet Well Channel. This was achieved by interpreting its recent drilling in the area along with historic drill results and new geophysics data.

The company has applied for a new exploration licence application to secure the potential strike extension of the entire mineralised portion of Bennet Well Channel.

Bennet Well Channel is a linear zone of mineralisation proximal to the Bennet Well resource extending to the southeast for at least 3.2 km and about 500 m wide. 

The Bennet Well deposits holds 36.1 million tonnes of resources at 270 parts per million uranium oxide (U3O8) for a total contained oxide content of 21.5 million pounds.

Exploration on a roll

This effort to expand Bennet Well Channel follows quickly on a drilling campaign that exceeded Cauldron’s maximum target exploration range with exceptional results in thickness and grade.

Rotary drillholes from Bennet Well Channel returned 4.15 metres at 529 parts per million uranium oxide from 88.9 metres, 3.05 metres at 397 ppm U3O8 from 72.4 metres and 1.9 metres at 480 ppm U3O8 from 70.1 metres.

The delivery of extensions to strike length and grade increased the exploration target at Bennet Well Channel five-fold to a range of between 1.6 million tonnes and 8.6 million tonnes mass of mineralisation at 470 ppm U3O8 for a contained uranium oxide content of between 1.6 and 8.9 million pounds.

Further successful drilling in this area –coincident with a high conductive response on the regional airborne electromagnetic data – is believed likely to result in resource growth for the broader project.

Other target areas at the project being followed up by Cauldron include Bennet Well South, where five holes to test a western extension (or possible new channel) to Bennet Well have been planned based on interpreted forks in mineralisation and channel morphology as well as the existence of a new channel to the west.

The Bennet Well Deep South area is targeted for six holes to test potential northern and southern extensions as well as possible additional channel limbs.

Drilling at the Manyingee South Channel area and other regional tests of Cauldron’s exploration model could confirm the company has unlocked the secret of finding low cost, low impact uranium sources in the Yanrey region.

The bigger picture

Mineralisation at Bennet Well is part of the Yanrey project, which comprises a collection of twelve exploration tenements in northwestern WA.

Known deposits in the Yanrey region include Paladin Energy’s (ASX:PDN) Manyingee and Carley Bore properties, which contain 25.8 million pounds and 15.6 million pounds of uranium, respectively.

The area is prospective of sandstone-style uranium mineralisation capable of extraction by in-situ recovery (ISR) mining technique.

WA is emerging as Australia’s next major uranium province, with Cameco (TSX:CCO) recently receiving an environmental clearance for its Kintyre development and Toro Energy’s (ASX:TOE) Wiluna project already approved to be the state’s first uranium mine.

Analysis

Cauldron is demonstrating that its exploratory predictions are translating into tangible results capable of growing both the Bennet Well resource and shareholder value.

Success in finding additional mineralisation at the project using non-invasive low-cost geophysics may represent an opportunity to bring key intellectual property to the exploration team and an advantage versus other uranium developers.

The potential strike extension demonstrates the upside inherent in Bennet Well, where exploration has already proved successful at expanding the mineralised area and improving grade.

Further proposed drilling at the Bennet Well Channel is likely to increase the project’s current resource of 21.5 million pounds of U3O8.

Bennet well is on a pathway to establish a producing operation by 2020 using the ISR uranium extraction technique, which is roundly considered the most economic and efficient means of uranium production.

Cauldron is in the process of growing Bennet Well’s intrinsic value by expanding the resource and understanding the geochemistry for ISR mining having now predicted the result through a model and currently in the process of proving it.

Bennet Well is predicted to operate at a production price of US$13 per pound of uranium, which would make it economic at the current uranium price range around US$40 per pound.

Cauldron had $1.2 million in cash as of the end of June.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Tue, 13 Oct 2015 09:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/151767/cauldron-energy-pursues-major-uranium-expansion-at-bennet-well-65064.html
<![CDATA[News - Cauldron Energy's uranium drilling beats expectations at Bennet Well ]]> https://www.proactiveinvestors.com.au/companies/news/151766/cauldron-energys-uranium-drilling-beats-expectations-at-bennet-well-64841.html New drilling at Cauldron Energy’s (ASX:CXU) Bennet Well uranium project in Western Australia has exceeded the maximum target exploration range with exceptional results in thickness and grade.

Rotary drillholes from a target area known as Bennet Well Channel returned 4.15 metres at 529 parts per million uranium oxide from 88.9 metres, 3.05 metres at 397 ppm U3O8 from 72.4 metres and 1.9 metres at 480 ppm U3O8 from 70.1 metres.

The delivery of extensions to strike length and grade increased the exploration target at Bennet Well Channel five-fold to a range of between 1.6 million tonnes and 8.6 million tonnes mass of mineralisation at 470 ppm U3O8 for a contained uranium oxide content of between 1.6 and 8.9 million pounds.

Bound by an area approximately 3.2 kilometres (increased from 2.7 kilometres) in strike length and 510 metres in width, this target area is coincident with a high conductive response on the regional airborne electromagnetic (EM) survey data.

It is also situated at the southernmost extent of a close-spaced ground gravity geophysical survey that was completed in 2009.

Further successful drilling at Bennet Well Channel is believed likely to increase the overall Bennet Well resource, which currently stands at 36.1 million tonnes at 270 ppm U3O3 for a total contained oxide content of 21.5 million pounds of U3O3 at a 150 ppm cut-off grade.

The exploration target for the entire Bennet Well extended area is 19 to 54 million tonnes of mineralisation at a grade of 300 to 420 ppm U3O3 containing 18 to 53 million pounds of U3O3.

Mineralisation at Bennet Well is part of the Yanrey project, which comprises a collection of twelve exploration tenements in northwestern Western Australia.

Known deposits in the Yanrey region include Paladin Energy’s (ASX:PDN) Manyingee and Carley Bore properties, which contain 25.8 million pounds and 15.6 million pounds of uranium, respectively.

The area is prospective of sandstone-style uranium mineralisation capable of extraction by in-situ recovery (ISR) mining technique.

A recent review by Cauldron has developed a systems style exploration model that has allowed for a selection of areas for further airborne EM data acquisition.

These will be used to identify target areas capable of hosting uranium mineralisation that require further follow-up exploration.


Investor support

Earlier this year, Cauldron received $2 million in placement funds for Bennet Well from director and major long term Chinese shareholder Derong Qiu.

This underlines shareholder confidence in the company as demand for nuclear power increases in China. China’s electricity demand is growing at an average annual rate of 10%.

Cauldron has also received a $0.8 million tax rebate under the federal government’s Research and Development Tax Incentive Scheme.

The company held A$1.2 million in cash at the end of the June quarter.


Analysis

The latest drilling represents potential for a significant increase in value at Bennet Well, including a possible exponential growth curve for metal content at the deposit.

A near-100% success rate in drilling targeting helps underline understanding of Bennet Well mineralisation and reinforces confidence in Cauldron’s ability to leverage its in-house technical skillset to increase uranium endowment.

Bennet well is on a pathway to establish a producing operation by 2020 using the ISR uranium extraction technique, which is roundly considered the most economic and efficient means of uranium production.

Bennet Well is predicted to operate at a production price of US$13 per pound of uranium, which would make it economic at the current uranium price range around $40 per pound.

Western Australia is emerging as Australia’s next major uranium province, with Cameco (TSX:CCO) recently receiving an environmental clearance for its Kintyre development and Toro Energy’s (ASX:TOE) Wiluna project already approved to be the state’s first uranium mine.

Cauldron controls more than 6,000 square kilometres of uranium-prospective tenements across Western Australia and South Australia (Australia’s leading uranium state) as well as large projects with defined uranium mineralisation in Argentina.

This allows for diversification, both geologically and with regards to differing political sentiment and policy towards uranium exploration and mining within each region.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Wed, 30 Sep 2015 11:10:00 +1000 https://www.proactiveinvestors.com.au/companies/news/151766/cauldron-energys-uranium-drilling-beats-expectations-at-bennet-well-64841.html
<![CDATA[News - Cauldron Energy posts hike in uranium targeted at Bennet Well ]]> https://www.proactiveinvestors.com.au/companies/news/151765/cauldron-energy-posts-hike-in-uranium-targeted-at-bennet-well-64660.html Cauldron Energy (ASX:CXU) has highlighted the potential for large scale mineralisation at its Bennet Well Uranium Deposit in Western Australia estimating an Exploration Target of 19 to 54 million tonnes grading 300 to 420ppm U3O8.
   
Drilling is currently underway to test the Exploration Target with results expected to be announced soon.

The Exploration Target is called BW Extended and comprises 17 areas.

Of these, 8 are contiguous to the Bennet Well uranium deposit and have a target of 5 to 25 million tonnes of mineralisation grading 205 to 360 parts, or a contained 4 to 23 million pounds of U3O8 using a cut-off of 150 ppm.

This underpins the drill plan that is currently in progress.

It excludes the existing Resource of 36.1 million tonnes at 270ppm, or 21.5 million pounds of contained U3O8.

Simon Youds, manager of operations, commented:

“We welcome the realisation of the potential of the area to host large scale mineralisation, through the completion of this Exploration Target, especially as it follows from an increase in size and confidence of the Mineral Resource (JORC 2012) of the Bennet Well uranium deposit.

“The company stands to significantly increase the value of Bennet Well for shareholders and for potential investors with this potential increase in mineral inventory.”


Exploration Target

The BW Extended Exploration Target was defined using historic drilling data completed by CRAE; historic drilling by Cauldron; use of geophysical character to estimate maximum limits of sedimentary units capable of hosting mineralisation; and recently developed understanding of mineralisation at Bennet Well.

Cauldron’s ongoing 40 hole rotary mud drilling program totalling 4,000 is being undertaken on the highest priority targets to improve understanding of the mineralisation setting and the continuity of grade of the BW Extended Exploration Target.
   
Notable targets include:

- Bennet Well Channel: 5 holes to be drilled to test for a possible extension to the primary channel for mineralisation at Bennet Well Central/East;
- Bennet Well South: 5 holes to test a western extension (or possible new channel) to Bennet Well, interpreted forks in mineralisation and channel morphology and the existence of a new channel to the west of Bennet Well South; and
- Bennet Well Deep South: 6 holes to test potential northern and southern extensions to Bennet Well Deep South as well as possible additional channel limbs.

If successful and of sufficient drill spacing, this data may be used to increase the size of the Resource estimate of Bennet Well.

Drilling at the Manyingee South Channel and other regional tests of its exploration model could also confirm the company has unlocked the secret of finding low cost, low impact uranium sources in the Yanrey region.


Bennet Well

Mineralisation at Bennet Well, part of the Yanrey Project, is a shallow accumulation of uranium hosted in unconsolidated sands close to surface (less than 100 metre downhole depth) in Cretaceous sedimentary units of the Ashburton Embayment.

The Bennet Well deposit is comprised of three spatially separate deposits; namely Bennet Well East, Bennet Well Central, and Bennet Well South.

New modelling of uranium mineralisation at Bennet Well has defined fifteen mineralised lenses, which provided the framework for the Resource estimate.


Yanrey Project

The Yanrey Project comprises a collection of twelve exploration tenements in north-western Western Australia, one of which secures the Bennet Well Uranium Deposit.

The project is prospective of sandstone-style uranium mineralisation capable of extraction by in-situ recovery mining technique.

CXU’s recent review has developed a systems style exploration model that allowed for the selection of areas for further airborne electromagnetic data acquisition.

These will be used to identify target areas capable of hosting uranium mineralisation that require further follow-up exploration.


Analysis

Cauldron Energy’s updated Exploration Target provides a guide post to the potential of its current drilling program.

The expectation is that Bennet Well will exceed these targets and certainly early signs from drilling are extremely encouraging.

Cauldron is in the process of growing Bennet Well’s intrinsic value by expanding the Mineral Resource and understanding the geochemistry for ISR mining having now predicted the result through a model and currently in the process of proving it.

As significantly, Cauldron may be on the verge of being able to reliably find other mineralised systems in the region using non invasive low cost geophysics. Current drilling will test the hypothesis.

Success would bring key intellectual property in its exploration team and a point of difference from the other uranium developers in the regional and perhaps globally and the ability to transfer these techniques to other ISL-appropriate mineralisation systems.

Cauldron had $1.2 million in cash as at 30th June 2015. A further $1.7 million is being held in trust in relation to the placement with non-executive director Qiu.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Tue, 22 Sep 2015 09:11:00 +1000 https://www.proactiveinvestors.com.au/companies/news/151765/cauldron-energy-posts-hike-in-uranium-targeted-at-bennet-well-64660.html
<![CDATA[News - Cauldron Energy targets expansion in uranium resource at Bennet Well ]]> https://www.proactiveinvestors.com.au/companies/news/151764/cauldron-energy-targets-expansion-in-uranium-resource-at-bennet-well-64456.html Cauldron Energy (ASX:CXU) is poised to start drilling at its wholly-owned Bennet Well Uranium Deposit in Western Australia that could extend resources and improve targeting to find additional deposits.

The majority of the 40-hole mud rotary drilling program totalling 4,000 metres is designed to increase the size of the deposit and to understand its metallurgy.
   
In addition, some of the drilling program aimed at greenfield type targets will be jointly funded by the Western Australian Department of Mines and Petroleum through a grant of up to $150,000 under its Exploration Incentive Scheme.

Data from the drilling will also be used to help in planning the Bennet Well Field Leach Trials that will improve the company’s understanding on the recoverability of uranium and improved greenfields targeting across its large land holding to find additional deposits like Bennet Well.

In July, the company upgraded the Bennet Well uranium resource by 16% to 21.5 million pounds of contained uranium oxide.

This also increased the Indicated Resource by 90% to 11.9 million pounds of contained uranium oxide.

Simon Youds, manager of operations, commented:

“We welcome the potential to increase shareholder value through drilling that is aimed to increase the Mineral Resource at Bennet Well, further our metallurgical understanding and to also attempt to define new zones of mineralisation that may, after further work, significantly add to the total mineral inventory of the deposit.”


Drilling Program

Cauldron recently completed a comprehensive geological review of the mineralisation setting of its Bennet Well deposit.

This showed areas proximal to the deposit that have high potential to further extend the Resource.

The mud rotary drilling program is designed to test the high priority targets and also further improve the metallurgical understanding of the deposit.


Bennet Well

Mineralisation at Bennet Well, part of the Yanrey Project, is a shallow accumulation of uranium hosted in unconsolidated sands close to surface (less than 100 metre downhole depth) in Cretaceous sedimentary units of the Ashburton Embayment.

The Bennet Well deposit is comprised of three spatially separate deposits; namely Bennet Well East, Bennet Well Central, and Bennet Well South.

Work completed during the quarter involved the revision of the 2014 interpreted geological setting and the development of a three-dimensional mineralisation model.

Cauldron used the information gained from re-logging core in the March 2015 quarter to develop the systems style exploration model.

Following a remodelling exercise an upgrade of the resource completed by independent consultants, Ravensgate Mining Industry Consultants was announced in July incorporating new results from the partially completed drill program of 2014.

Fifteen mineralised lenses have been identified and modelled providing a framework on which an upcoming resource revision can be based.

It also shows where mineralisation remains open having potential for further extension of deposit boundary.

This mineralisation model can also be extrapolated into more regional locations within the larger Yanrey area, which will assist targeting for potential new mineralised bodies.


Yanrey Project

The Yanrey Project comprises a collection of twelve exploration tenements in north-western Western Australia, one of which secures the Bennet Well Uranium Deposit.

The project is prospective of sandstone-style uranium mineralisation capable of extraction by in-situ recovery mining technique.

CXU’s recent review has developed a systems style exploration model that allowed for the selection of areas for further airborne electromagnetic data acquisition.

These will be used to identify target areas capable of hosting uranium mineralisation that require further follow-up exploration.


Analysis

Cauldron Energy’s upcoming drilling program will be closely watched given its goal of increasing the size of the Bennet Well deposit and helping to find additional deposits on its land holding.

This is timely after an Australian Parliamentary Committee gave its support for a $1.75 billion deal to sell uranium to India if a number of safety recommendations are met.

Japan has also started to restart nuclear reactors while China’s use of nuclear power is growing. 

Adding further interest, the UK has given approval for the construction of a prototype nuclear reactor in Essex, the first Chinese-operated facility in the West.

These could be half the cost and take half the time to construct compared to the Westinghouse 6000 standard.

Drilling is expected to take until the end of October though news flow will be coming through during this period as the company uses a gamma probe to sample the grade of intersections.

This will allow the company to report grades of holes as per JORC 2012 following a few days mathematical adjustment called ‘deconvolution’.

Cauldron had $1.2 million in cash as at 30th June 2015. A further $1.7 million is being held in trust in relation to the placement with non-executive director Qiu.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Thu, 10 Sep 2015 10:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/151764/cauldron-energy-targets-expansion-in-uranium-resource-at-bennet-well-64456.html
<![CDATA[News - Cauldron Energy upgrades confidence of Bennet Well uranium resource ]]> https://www.proactiveinvestors.com.au/companies/news/151763/cauldron-energy-upgrades-confidence-of-bennet-well-uranium-resource-63436.html Cauldron Energy (ASX:CXU) has upgraded the Bennet Well uranium resource in Western Australia by 16% to 21.5 million pounds of contained uranium oxide.
   
Further highlighting the value of the project, the Indicated Resource has increased by 90% to 11.9 million pounds of contained uranium oxide.

Equally important for Cauldron, the new exploration model based on Bennet Well success allows new geological intellectual property (IP) to be leveraged into Cauldron’s extensive Yanrey landholding.

Re-interpretation of the mineralisation setting at Bennet Well and identification of a high grade area that will be targeted for field leach trials in the first half of 2016.

Cauldron intends to commence a drilling program in the September 2015 quarter to test mineralisation along the strike extension of Bennet Well and in recently interpreted zones   

De-risking this activity, the Western Australian Department of Mines and Petroleum has awarded the company a grant of up to $150,000 for drilling under the Exploration Incentive Scheme.

Earlier this month, the company received $2 million in placement funds from director and major long term Chinese shareholder Derong Qiu.

Simon Youds, manager of operations, said:

“We welcome the improvement in the Mineral Resource at Bennet Well.

“The company stands to significantly increase the value of Bennet Well for shareholders and for potential investors with this increase in mineral inventory.

“Most importantly for Cauldron, the company is now poised to take this IP and deliver on the potential that the company’s large landholding in the Yanrey region has promised.

“Other companies in the industry have appeared to recognise this potential, judging by the recent increase in corporate merger and project acquisition activity in the region.”


Resource Upgrade

The Resource upgrade by Ravensgate Mining Industry Consultants to 36.1 million tonnes at 270ppm U3O8 using a cut-off of 150ppm follows the December 2014 drilling program.

This is an increase in the total uranium content of the deposit as a consequence of a significant improvement in geological confidence level.

The improved geological confidence has also allowed for an increase in the proportion of mineralised material reporting to the Indicated Resource classification level.

In addition to upgrading the Resource of Bennet Well, Cauldron has completed a comprehensive review of exploration data of the Yanrey Project and derived a systems style exploration model.

This model aims to significantly improve drill targeting of new zones of mineralisation.

The key intellectual property (IP) developed from Bennet Well and the Yanrey Project improves both the potential for exploration success and the cost efficiency of further uranium exploration.

Cauldron is set to resume its drilling program at Bennet Well in late July or early August.

The drilling has been designed to test mineralisation along the strike extension of Bennet Well and also in potential new zones of mineralisation predicted by the exploration model, which has the potential to significantly increase the resource.

Subject to the results of this drilling, a further update to the Resource is anticipated.


Analysis

With a 16% increase in resources to 21.5 million pounds of U3O8 and a 90% increase in the Indicated Resource to 11.9 million pounds of U3O8, Bennet Well is a clear value driver for Cauldron Energy.

More interesting in the long run is the strong IP represented by the new exploration model based on its success at Bennet Well.

This has the potential to be a real value multiplier, allowing the company to unlock its extensive landholding in the Yanrey region.

Successfully application of this IP could substantially increase the company’s uranium resources and improve the attractiveness of its acreage.

Interest in the region is also building and projects that are closer to realisation with improving confidence are certainly more attractive to end users.

Power utilities in particular have to ensure supply in an uncertain market.

While demand is increasing, there is very little new supply in the medium term capable of being initiated due to low commodity prices combined with the very long lag between exploration and production for uranium projects (>10yrs) due to social perception & approval processes.

The company is also active in Argentina where the changing political mood is expected to generate positive news flow.

Cauldron is well funded for its projects next year, with drilling and other activity to provide news flow into 2016.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Tue, 14 Jul 2015 09:07:00 +1000 https://www.proactiveinvestors.com.au/companies/news/151763/cauldron-energy-upgrades-confidence-of-bennet-well-uranium-resource-63436.html
<![CDATA[News - Cauldron Energy's Chinese investor backs Bennet Well resource growth ]]> https://www.proactiveinvestors.com.au/companies/news/151762/cauldron-energys-chinese-investor-backs-bennet-well-resource-growth-63228.html Cauldron Energy (ASX:CXU) has received $2 million in placement funds and will now resume drilling at its wholly-owned Bennet Well uranium deposit in Western Australia.

A resource update is also expected in early July based on results from drilling carried out in late 2014.
 
The funds were received from director and major long term Chinese shareholder Derong Qiu.

This underlines shareholder confidence in the company as demand for nuclear power increases in China.

Cauldron has also received a $0.8 million tax rebate under the Federal Government’s Research and Development Tax Incentive Scheme.

The company now plans to resume the drilling program in early August 2014. Subject to the results of this drilling, a second resource update is expected.

Tony Sage, executive chairman, said:

“We welcome this funding, as it allows Cauldron to progress this exciting uranium project to coincide with the planned growth in nuclear power from the developing world.”


Drill Program

The company had previously drilled 6,319 metres of a planned 10,000 metres exploration drilling program at Bennet Well in late 2014.

It now plans to resume the remaining drilling in early August 2015.

Subject to the results of this drilling, a second resource update is expected along with an Exploration Target for the region.

Bennet Well will also be funded next year to conduct the initial field leach trial for the final test for use of in-situ recovery mining.


Funding

Cauldron has received A$1.71 million in cash from Qiu with the balance of A$0.29 million planned to settle outstanding director fee payments owing to him in respect of his past services.

In accordance with the Placement Agreement, the shares to be issued to him are subject to shareholder approval.

During June 2015, the company received A$0.8 million from the Australian Taxation Office under the Research and Development Tax Incentive Programme relating to the 2014 financial year.


Chinese Demand

China’s confidence in uranium resources is understood to be based on the exponential growth in nuclear power both in China and in the developing world.

The published Chinese plans to expand its nuclear power base from the current approximate 2% of total energy mix to above 20% represents a substantial increase in uranium usage in the 1-2 decades against a background of 7% annual Gross Domestic Product growth.

Sourcing sufficient supply for this expansion is a significant risk to China’s growth plans.

Cauldron’s low cost medium term potential production from Bennet Well combined with the blue sky upside from the Yanrey region is viewed by the company to be of high value to the Chinese nuclear industry.

The exploration intellectual property gained at Bennet Well can now be leveraged into the prospective Yanrey region.


Analysis

Cauldron Energy is now funded to resume drilling at its Bennet Well uranium deposit in Western Australia.

Already, the company expects a resource update to be released in early July with a further update possible from the upcoming drilling program.

The company is also active in Argentina where the changing political mood is expected to generate positive news flow.

Given successful project hurdles achieved, Cauldron is well funded for its projects next year, with drilling and other activity to provide news flow into 2016.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Wed, 01 Jul 2015 10:34:00 +1000 https://www.proactiveinvestors.com.au/companies/news/151762/cauldron-energys-chinese-investor-backs-bennet-well-resource-growth-63228.html
<![CDATA[News - Cauldron Energy executive director steps down ]]> https://www.proactiveinvestors.com.au/companies/news/151761/cauldron-energy-executive-director-steps-down-63096.html Cauldron Energy (ASX:CXU) executive director Brett Smith has stepped down from his position with effect from 23rd June 2015.

The company has appointed Mark Gwynne as a non-executive director of the company with effect from 23rd June 2015.

In its March quarterly, Cauldron outlined plans to carry out in the September 2015 Quarter an initial field leach trial at its Yanrey Uranium Project in Western Australia subject to obtaining approvals.

This followed the identification of a zone of high grade uranium mineralisation peaking 2,500ppm eU3O8 at the Bennet Well East area of its Bennet Well deposit.

It has also completed the relogging program of diamond drill core from Bennet Well East and Bennet Well Central drilled in December 2014.

This is being used to assist in the revision of the current mineralisation model at Bennet Well, with the aim of improving the exploration model to fundamentally improve the odds of success.

Resources currently stand at 18.6 million pounds eU3O8 with 29% in the Indicated category.

As at 31st March 2015, Cauldron had $1.4 million in cash at bank.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Wed, 24 Jun 2015 11:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/151761/cauldron-energy-executive-director-steps-down-63096.html
<![CDATA[News - Cauldron Energy lifts uranium grade, resource update at Bennet Well ]]> https://www.proactiveinvestors.com.au/companies/news/151760/cauldron-energy-lifts-uranium-grade-resource-update-at-bennet-well-52385.html Cauldron Energy's (ASX: CXU) shares should rise today as comparisons of assay results have seen a 68.3% increase in uranium grade width in the main mineralised zone from the gamma probe data.

Adding further fuel, an upgraded Resource estimate at its Bennet Well uranium deposit in Western Australia is likely in second quarter 2014.

Other assays highlighted an overall 20% increase in total uranium compared to down-hole gamma probe data.

The assay of YNDD018 returned a result of 5.1 metres at 1,209ppm uranium from 89.5 metres, for a total grade width of 6,166ppm compared to gamma probe data pf 6.46 metres at 567ppm for a total of 5,664ppm.

Bennet Well currently has a JORC Inferred and Indicated Resource of 15.7 million pounds of eU308 at 270ppm. It is part of the Yanrey Project located about 85 kilometres south of Onslow that is adjacent to Paladin Resources’ (ASX: PDN) Manyingee deposit that has an Indicated Resource of 17.8 million pounds of U308.

Head of operations Simon Youds said the results highlighted the potential benefit for the Bennet Well resources.

“We can see clear evidence uranium content has improved more than 20% on the already high uranium grades estimated from gamma probes. This underpins the need for a resource upgrade,” he noted.

“ANSTO is currently completing leach testing on this drill hole. We’re eagerly awaiting the results as to what percentage of uranium recovery we get from this high grade core sample from the mineralised zone.”

Cauldron is now working with resource consultants Ravensgate to complete a JORC 2012 compliant revised resource. This is expected to be completed by the second quarter of 2014.

Analysis of core samples is ongoing with leach testing of selected mineralised intervals, and metallurgy to quantify core permeability, porosity and grain density.

In addition, high grade uranium intersections identified on the most northern and southern drill lines at Bennet Well South show potential to further upgrade current resource in both directions.

Drill Results and Exploration

The location of YNDD018 on the on the most northern drill line within the resource, opening up a large target region of interpreted palaeochannel that is yet to be drill tested.

There are a lot of similarities in geology with YNDD018 and high grade drill holes located on the southern edge of the Bennet Well Central resource area, supporting the potential to identify additional resources to the north.

Likely resource extensions also exist to the south of the Bennet Well South Prospect based on the recently completed diamond core program.

At the southern end of Bennet Well South, an exploration hole YNDD020 identified two significant uranium zones totalling 2.1 metres at 1,188ppm U3O8 in assay and 2.98 metres at 676 ppm eU3O8 from gamma probe data.

The two high grade uranium intersections identified at either end of the Bennet Well South resource have highlighted the potential for a significant resource upgrade for this area, subsequent to further drilling.

The Bennet Well East resource is also open at both the northern and southern end.

Further drilling both identifying resource extensions and closer spaced drilling within the current resource region is required in future drilling programs to increase the expected resource size.

Bennet Well, Yanrey Project

Bennet Well is part of the 1,930 square kilometre Yanrey Project in northwest Western Australia that is highly prospective for sandstone hosted uranium mineralisation.

This is amenable to In-situ Recovery (ISR) mining, similar to Paladin’s adjoining Manyingee deposit.

Studies indicate that average grades of above 250ppm eU308 over 1 metre are potentially economic for an ISR mining operation.

Exploration has identified 11 major palaeochannels, most with evidence of uranium mineralisation. Yanrey has an Exploration Target of between 30 million and 115 million pounds of U308 at grades of 250ppm to 900ppm.

There is potential for regional annual production of 5 million pounds uranium using ISR at low costs, high margins and low environmental impact.

Access is granted via the Great Northern highway and along the Twitchen road to Onslow.

The company had previously increased the project area from 440 square kilometres by entering into a JV agreement with Atomic Resources - now Intra Energy Corporation (ASX: IEC). Cauldron has the right to earn 70% of the uranium rights by spending $500,000 over three years.

Cauldron plans to bring Yanrey into production within the next five years.

Takeover Offer for Energia Minerals

The company is also looking to further extend its Yanrey Project through an acquisition of Energia Minerals (ASX: EMX) through an offer of one Cauldron share for every eight Energia shares held.

Acquiring Energia will grant Cauldron economies of scale and further enhance the ISR mining opportunity by controlling over 190 kilometres of contiguous mineralisation.

Energia holds the Nyang Project, which includes the Carely Bore Deposit that has an Inferred Resource of 16.7 million pounds of U308 at 330ppm.

Even if the takeover is unsuccessful, there may also be opportunities for negotiations for joint work.

Analysis

The potential for the strong assay results from recent drilling to further increase the current Indicated and Inferred Resources of 15.7 million pounds of eU308 at Cauldron Energy’s Bennett Well deposit is another step forward for its plans to build an In-situ Recovery mining operation at the Yanrey Project.

The increase in grade width is significant enhancing development plans and potential project economics.

That exploration has highlighted further potential to also upgrade (and possibly upgrade) resources at Bennet Well South Prospect and Bennet Well East, which will in turn produce further economies of scale for the company.

Demand for uranium is forecast to grow significantly in the coming years, as supply becomes an issue with a higher uranium price to benefit the company’s target of starting production at the project within five years.

The swing factor remains Japan, where last week the now government-controlled Tokyo Electric Power Company gained approval from the government for its post-Fukushima business plan. The plan hinges on the restart of two reactors at the Kashiwazaki-Kariwa plant, being the first two reactors to pass new and far more stringent safety requirements.

The restart of these reactors will signal the rebirth of the uranium market, post-Fukushima, and a rebound in the uranium spot price. Deutsche forecasts a spot price of US$55/lb by the fourth quarter so there is plenty of upside for investors in lightly valued Cauldron Energy at $0.10.

There are share price catalysts to look forward to in the near term including:

-    Results of the leach testing soon; and
-    The updated Resource in second quarter of 2014.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Fri, 31 Jan 2014 11:56:00 +1100 https://www.proactiveinvestors.com.au/companies/news/151760/cauldron-energy-lifts-uranium-grade-resource-update-at-bennet-well-52385.html
<![CDATA[News - Cauldron Energy to drill large copper zinc anomaly under Ooloo Mine, South Australia ]]> https://www.proactiveinvestors.com.au/companies/news/151759/cauldron-energy-to-drill-large-copper-zinc-anomaly-under-ooloo-mine-south-australia-48374.html Cauldron Energy (ASX: CXU) has received results of an independent geophysical report on the gravity survey conducted over the Ooloo Mine and Bluff Prospects at Cauldron’s Marree base metals project in South Australia.

The Ooloo gravity anomaly is a semi-vertical feature contrasting with surrounding shallow-dipping geology; an anomalous density zone with an extensive shell extending over 1 kilometre deep.

It is situated on a major trending fault that may link several prospects in the Marree region and is coincident with IP anomalies and high grade massive sulphide mineralisation in outcropping and historical workings.

Follow-up drilling is advised on the grounds that it shares many characteristics of a mineralised breccia system such as the copper-lead-zinc deposits found in the Zambian and Congolese copper belts, such as the Kipushi and Kabwe projects.

The results of the report confirms the gravity and IP anomalies at Marree have potential. Drill testing of the gravity and IP anomalies with one deep exploration hole is scheduled late this year or early 2104.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Tue, 24 Sep 2013 09:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/151759/cauldron-energy-to-drill-large-copper-zinc-anomaly-under-ooloo-mine-south-australia-48374.html
<![CDATA[News - Cauldron Energy extends takeover offer for Energia Minerals ]]> https://www.proactiveinvestors.com.au/companies/news/151758/cauldron-energy-extends-takeover-offer-for-energia-minerals-46062.html Cauldron Energy (ASX: CXU) has extended the closing date for the takeover offer for Energia Minerals (ASX: EMX), which will now end at 5.00pm (WST/Perth time) on 16 November 2013 (unless further extended).

The offer is currently a conditional offer of one Cauldron share for every eight Energia shares held. Cauldron last traded at $0.12, with Energia $0.015.

The companies projects are located in the Yanrey region of Western Australia, and a consolidation by the companies could provide economies of scale, and a potential ISR mining opportunity.

Energia's Carley Bore is directly south of Cauldron's Bennet Well, with Paladin Mining's (ASX: PDN) projects to the north.

Cauldron sees the potential for uranium production within five years.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Mon, 29 Jul 2013 08:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/151758/cauldron-energy-extends-takeover-offer-for-energia-minerals-46062.html
<![CDATA[News - Cauldron Energy identifies new high grade polymetallic prospect in South Australia ]]> https://www.proactiveinvestors.com.au/companies/news/151757/cauldron-energy-identifies-new-high-grade-polymetallic-prospect-in-south-australia-44253.html Cauldron Energy (ASX: CXU) has identified a new large high grade polymetallic prospect at its Marree Base Metals Project in South Australia, highlighting its growing potential.

Recently completed field mapping had identified a large series of workings within a 2 square kilometre radius including a 1.6 kilometre long fault zone with high-grade polymetallic mineralisation within an alteration corridor up to 200 metres wide at the Mt Freeling Prospect.

Geochemical assays of rock chip samples collected from mullock heaps of the old workings has returned very high-grade silver and lead grades over a large area including silver grades up to 2,830 grams per tonne and lead up to 33.9%.

Field reconnaissance has identified nine deep production shafts ranging from 10 metres to 50 metres deep as well as seventeen smaller scale pits and trenches in the general Mt Freeling region.

Preliminary reconnaissance surrounding the Mt Freeling Prospect has identified further clusters of historical workings with similar high grades of polymetallic mineralisation.

Evidence of up to at least three different styles of mineralisation including massive sulphides, breccia zones and carbonate replacement have been observed at the Mt Freeling Prospect.

Cauldron is currently completing sulfur and lead isotope work on selected samples from the Mt Freeling Prospect and surrounding areas to determine the likely source and age of the mineralisation.

Additional field reconnaissance is needed to determine the full extents of the mineralised zone.

Emphasis for future exploration is the region to the north of the Mt Freeling Prospect which includes the historical Pastime Mine (lead-silver), as well as the region to the south where the historical Hills Silver Mine is reported to occur.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Fri, 07 Jun 2013 11:50:00 +1000 https://www.proactiveinvestors.com.au/companies/news/151757/cauldron-energy-identifies-new-high-grade-polymetallic-prospect-in-south-australia-44253.html
<![CDATA[News - Cauldron Energy despatches bidder's statement to Energia Minerals ]]> https://www.proactiveinvestors.com.au/companies/news/151756/cauldron-energy-despatches-bidders-statement-to-energia-minerals-43414.html Cauldron Energy (ASX:CXU) has despatched a bidder's statement to acquire all the shares in Energia Minerals (ASX:EMX) following a conditional takeover offer to acquire all the shares in Energia Minerals.

The offer is on the basis of 1 share in Cauldron for every 8 shares held in Energia.

 

Energia scoping study

Yesterday, Energia reported results of a Scoping Study for its wholly-owned Carley Bore uranium deposit in Western Australia that estimates pre-tax net present value at $61 million if the project is developed.

Capital costs were estimated at $114 million and total operating costs of US$39 per pound of U3O8.

Energia has also returned into an ASX trading halt while it prepares a clarification announcement regarding the results of the Scoping Study completed on the Nyang uranium project, where Carley Bore is located.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Monday, 20th May 2013.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

 

]]>
Fri, 17 May 2013 08:29:00 +1000 https://www.proactiveinvestors.com.au/companies/news/151756/cauldron-energy-despatches-bidders-statement-to-energia-minerals-43414.html
<![CDATA[News - Cauldron Energy to start diamond drilling at Yanrey uranium project ]]> https://www.proactiveinvestors.com.au/companies/news/151755/cauldron-energy-to-start-diamond-drilling-at-yanrey-uranium-project-42136.html Cauldron Energy (ASX: CXU) will in May start diamond drilling to test the uranium potential of the highly prospective Barradale Channel within the Yanrey project area, Western Australia.

Yanrey has an Exploration Target of up to 115 million pounds of U3O8 with the targeted Barradale Channel having favourable geochemical and geophysical indicators and multiple opportunities for uranium mineralisation.   

Two previous drilling programs have been conducted at the Barradale prospect/channel in 2010 and 2012.

In the most recent program, nine holes that intersected the palaeochannel were abandoned short of their target depths due to the very thick (up to 40 metre) zones of cemented silcrete, pyrite and carbonate cemented bands.

The upcoming program will be to re-drill three of the previous drillholes that intersected the palaeochannel to penetrate through the hard cemented bands and see if high grade uranium exists at the base of the channel.   

Cauldron noted that the carbonate cemented bands seen in the Barradale Channel were very similar to those seen in Paladin Energy’s (ASX: PDN) adjacent Manyingee deposit, which hosts 24 million pounds of U3O8.

Cauldron had a cash balance of $2.7 million at the end of last quarter.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Wed, 17 Apr 2013 11:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/151755/cauldron-energy-to-start-diamond-drilling-at-yanrey-uranium-project-42136.html
<![CDATA[News - Cauldron Energy identifies base metals mineralisation at Marree project ]]> https://www.proactiveinvestors.com.au/companies/news/151754/cauldron-energy-identifies-base-metals-mineralisation-at-marree-project-41062.html Cauldron Energy (ASX:CXU) has identified significant silver and anomalous copper and lead values following reconnaissance drilling at its Marree project in South Australia.

In total eight reverse circulation (RC) holes were drilled totalling 898 metres of drilling.

Geochemical analysis, geological mapping and drill and rock chip samples indicate multiple mineralised alteration systems with potential for multiple deposit types including carbonate hosted breccia and carbonate altered fractures of Pb-Ag-Cu and sedimentary exhalative mineralisation of Pb-Ag.

Cauldron has also identified new targets in large complex alteration zones prospective for multiple styles of mineralisation with gravity survey showing a western extension to the highly prospective historical Ooloo Mine buried under cover.

Future priorities include geochemical sampling targeting geological contacts and carbonate alteration zones; reprocessing historical 2D inverse polarisation geophysics data in Ooloo region with 3D technology.

It is also planning additional geological and structural mapping to identify alteration zones and favourable structures.

Cauldron had a cash balance of $2.7 million at the end of last quarter.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Thu, 21 Mar 2013 10:10:00 +1100 https://www.proactiveinvestors.com.au/companies/news/151754/cauldron-energy-identifies-base-metals-mineralisation-at-marree-project-41062.html
<![CDATA[News - Cauldron Energy makes takeover offer for Energia Minerals ]]> https://www.proactiveinvestors.com.au/companies/news/151753/cauldron-energy-makes-takeover-offer-for-energia-minerals-40903.html Cauldron Energy (ASX: CXU) will exit a trading halt this morning after announcing an off-market scrip takeover bid for Energia Minerals (ASX: EMX).

Cauldron is offering one share for every 8 Energia shares, which is a 29% premium to the 5 day VWAP.

The new entity will be Western Australia uranium-focused company that holds a dominant land position in an emerging and potentially significant uranium province.

Just last month at Cauldron's wholly owned Yanrey Project, the Exploration Target was increased from 25 to 30 Mlbs to 30 to 115 Mlbs of U3O8 at 250 to 900ppm U3O8.

The new target followed the recent 300% increase in the inferred uranium resource at Bennet Well from 4.8 Mlbs to 15.7 Mlbs.

Worth noting Yanrey is adjacent to Paladin Energy's (ASX: PDN) Manyingee Deposit (24 Mlbs U3O8), and Energia’s Nyang Deposit (16.7 Mlbs U3O8).


Analysis

The importance of the takeover by Cauldron of Energia is that the new entity will have synergies and economies of scale, and will control over 190 kilometres of contiguous mineralisation in the Carnarvon Basin of Western Australia.

The area is a current 'hot spot', highlighted by recent exploration success by Cauldron, Paladin and Energia defining a metal endowerment of potential global significance.

Energia's Nyang is situated along strike from Yanrey and Cauldron said that it appears to reinforce the company's model of uranium mineralisation as they share very similar geological settings.

Cauldron had over $3 million in cash at the end of 2012.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Mon, 18 Mar 2013 10:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/151753/cauldron-energy-makes-takeover-offer-for-energia-minerals-40903.html
<![CDATA[News - Cauldron Energy is preparing to pounce ]]> https://www.proactiveinvestors.com.au/companies/news/151752/cauldron-energy-is-preparing-to-pounce-40857.html Cauldron Energy (ASX: CXU) is in a trading halt this morning on the news that the company is preparing to announce a material acquisition.

Worth noting Tony Sage is the executive chairman of the company, which is focused on uranium in Australian and Argentina, while also having exposure to base and precious metals in South America.

Cauldron had $3 million in cash at the end of 2012.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Tuesday 19th March 2013.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Fri, 15 Mar 2013 12:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/151752/cauldron-energy-is-preparing-to-pounce-40857.html
<![CDATA[News - Cauldron Energy accelerates uranium exploration in Western Australia ]]> https://www.proactiveinvestors.com.au/companies/news/151751/cauldron-energy-accelerates-uranium-exploration-in-western-australia-39861.html Cauldron Energy (ASX: CXU) plans to accelerate exploration activities at its wholly owned Yanrey Project in Western Australia, an underexplored tenement with multiple uranium prospects.

The company has also increased the exploration target to 30 million to 115 million pounds of U3O8 at a grade of 250ppm to 900ppm from the previous 25 million to 30 million pounds.

This follows a 300% increase in the inferred uranium resource at Bennet Well to 15.7 million pounds of U3O8.

Subject to weather conditions, Cauldron expects to start drilling in the first quarter of 2013.

The immediate target for on-going exploration at Yanrey is the very prospective Barradale Channel. This prospect is a large target, with favourable geochemical and geophysical indicators and multiple opportunities for uranium mineralisation.

Yanrey is also located adjacent to Paladin Resources’ (ASX: PDN) Manyingee Deposit and Energia Minerals’ (ASX: EMX) Nyang Deposit.

Cauldron believes the style of mineralisation at Yanrey is similar to that of the Beverly and Honeymoon uranium deposits in South Australia’s Lake Frome Basin, which are both currently operational in-situ leach style uranium mines.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Thu, 21 Feb 2013 13:10:00 +1100 https://www.proactiveinvestors.com.au/companies/news/151751/cauldron-energy-accelerates-uranium-exploration-in-western-australia-39861.html
<![CDATA[News - Cauldron Energy bubbles with 300% growth in uranium resource at Yanrey ]]> https://www.proactiveinvestors.com.au/companies/news/151750/cauldron-energy-bubbles-with-300-growth-in-uranium-resource-at-yanrey-39272.html Cauldron Energy (ASX:CXU) has upgraded its uranium resource at Yanrey project in Western Australia by 300% to 15.7 million pounds from 4.8 million pounds following a recently completed 7,146 metres drilling program.

Two new uranium resources Bennet Well East and Bennet Well South were identified in the drilling completed in late 2012.

Ravensgate Resources, an independent consultant group, have calculated a JORC compliant resource for the Bennet Well region.

The new total uranium resource has increased the previous 4.8 million pounds at 300 parts per million eU3O8 to 15.7 million pounds at 270 ppm eU3O8 at 150 ppm cut off.

Preliminary economic evaluation has shown that a 250 ppm average grade over at least one metre is potentially economic for an in-situ recovery type uranium production at the Yanrey project.

Cauldron also drilled nine holes to access the highly prospective Barradale Channel, but all the holes were abandoned short of their target depths due to the very thick zones of cemented silcrete, pyrite and carbonate.

The carbonate bands are similar to those seen in the Paladin Energy's Manyingee deposit and Cauldron plans to access the prospective targets this year with a diamond drill rig.

Cauldron currently has 15 granted tenements totaling 3,200 square kilometres and three tenement applications for 286 square kilometres within the Yanrey Project.

This highlights the potential to identify further uranium resources in the Yanrey project area.

There are currently over ten proven uranium prospects that have already been identified from historical drilling and recent drilling by Cauldron.

None of these targets have yet been drill tested but drilling of these targets in 2013 could potentially add further upside to Cauldron's uranium resources.

A revised exploration target is likely to be announced in the second quarter of this year.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Thu, 07 Feb 2013 10:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/151750/cauldron-energy-bubbles-with-300-growth-in-uranium-resource-at-yanrey-39272.html
<![CDATA[News - Cauldron Energy to test silver/lead/zinc anomaly in South Australia ]]> https://www.proactiveinvestors.com.au/companies/news/151749/cauldron-energy-to-test-silverleadzinc-anomaly-in-south-australia-37516.html Cauldron Energy (ASX: CXU) will start in early January 2013, drilling at a recently discovered silver/lead/zinc anomaly within its Marree Project in South Australia.

Geological mapping, surface soil and rock-chip sampling and a ground gravity survey have identified numerous outcropping base metal gossans and preliminary results were used to fast track the definition of drill targets.

Heritage clearance for the first 10 drill sites will be completed this week.

The anomalism of the outcroppings gossans have been initially tested using hand-held XRF machines.

Physical geochemical test results are expected back from laboratories in the next two weeks while soil geochemical and gravity surveys are still being conducted.

Preliminary results suggest anomalous trends, some coincident with defined gossans, exist and will result in the definition of additional drill targets for drilling early in 2013.

To assist in the early definition of drill targets, soil samples collected have been routinely tested in-field. In addition to field testing, all samples will be sent to independent laboratory for analysis and validation. These results are expected late January 2013.

The Marree Uranium Project, located 550 kilometres north of Adelaide, comprises five granted Exploration Licences covering 2,571 kilometres in the Eromanga Basin, adjacent to the uranium-rich Mount Babbage Inlier.

Besides hosting several sedimentary roll-front uranium occurrences, including the Beverley and Honeymoon Well uranium deposits and the recently discovered high grade uranium mineralisation at Beverley Four Mile, the recent work has determined that outcropping Proterozoic units – favourable for base metal mineralisation – are more extensive than previously determined.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

]]>
Wed, 19 Dec 2012 13:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/151749/cauldron-energy-to-test-silverleadzinc-anomaly-in-south-australia-37516.html
<![CDATA[News - Cauldron Energy finds third uranium channel at Bennett Well South ]]> https://www.proactiveinvestors.com.au/companies/news/151748/cauldron-energy-finds-third-uranium-channel-at-bennett-well-south-36192.html Cauldron Energy’s (ASX: CXU) drilling has identified a third uranium paleo-channel at its Bennett Well South prospect in Western Australia, pointing to the likelihood there is more uranium than originally estimated.

The new 10 to 20 kilometre long by 500 metre wide channel appears to have up to 4 kilometres of the right uranium bearing sediments and is open to the north and south.

Significant drilling results include:

-    2.8 metres at 319ppm uranium from 82.2 metres;
-    2.5 metres at 481ppm uranium from 92.1 metres; and
-    3 metres at 384ppm uranium from 86.3 metres.

The latest find improves the potential for redox fronts along the full length of the interpreted
paleo coastline and improves the potential for a significant upgrade of the original exploration target size of between 25 million and 30 million pounds of uranium for the Yanrey region.

 

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

]]>
Wed, 21 Nov 2012 16:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/151748/cauldron-energy-finds-third-uranium-channel-at-bennett-well-south-36192.html
<![CDATA[News - Cauldron Energy bubbles with uranium find ]]> https://www.proactiveinvestors.com.au/companies/news/151747/cauldron-energy-bubbles-with-uranium-find-35656.html Cauldron Energy (ASX:CXU) has found significant uranium deposits at its newly explored Bennet Well South prospect in Western Australia that could add to its resource base.

Two holes drilled intersected 11 metres wide zone of U3O8 and also include intersections of 1.1 metres at 271 parts per million and 1.28 metres at 231 ppm wit peaks up to 587 ppm in one of the holes.

This is the second high grade result signaling significant mineralisation trend at its Yanrey project. Cauldron had already found high grade ore at its Bennet Well east area, which intersected 3706 ppm and 2156 ppm from two wells drilled.

The current well is 200 metres north of the previous high grade intersection.

The current two drill holes are part of the first holes drilled in the second of the three prospects identified in the 5000 metres drilling campaign at Yanrey.

Both holes have intersected a wide uranium zone that exhibits both oxidised and reduced sediments, which is indicative of high grade uranium mineralisation.

Cauldron hopes for a significant upward revision of the exploration target at Yanrey given the 100% success of its current drilling campaign.

Drilling is expected to be completed by mid-November.

Cauldron is also looking to accelerate its exploration at the new base metal discovery at the Marree Project in South Australia.

The program will include soil sampling and ground geophysics.

 

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

]]>
Fri, 09 Nov 2012 09:50:00 +1100 https://www.proactiveinvestors.com.au/companies/news/151747/cauldron-energy-bubbles-with-uranium-find-35656.html
<![CDATA[News - Cauldron Energy secures partial underwriting for listed options ]]> https://www.proactiveinvestors.com.au/companies/news/151746/cauldron-energy-secures-partial-underwriting-for-listed-options-35229.html Cauldron Energy (ASX: CXU) has secured support for the exercise of its outstanding listed options expiring 31 October 2012 with Barclay Wells Limited agreeing to provide a partial underwriting of up A$832,500.

Cauldron had 12,866,462 options exercisable at A$0.45 expiring on 31 October 2012, this represents a discount to its share price, which has ranged from A$0.545 to A$0.465 in the past two days, and could represent a A$5.8 million cash injection if is fully exercised

The underwriting agreement with Barclay Wells is on standard terms and conditions and includes typical indemnification and termination provisions and commission payable at 5%.
 
Cauldron had yesterday reported that it intersected peak grades of nearly 1% uranium from its 5,000 metre drilling program at Bennet Well East within its Yanrey Uranium Project in Western Australia.

Further assay results from the hole where the peak grade was made include 3.3 metres at 1,596ppm uranium from 57.7 metres including 2.21 metres at 2251ppm uranium from 57.7 metres.

Cauldron now believes it has over 90 square kilometres of untested prime target areas which are favourable to uranium mineralisation.

 

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

]]>
Thu, 01 Nov 2012 08:50:00 +1100 https://www.proactiveinvestors.com.au/companies/news/151746/cauldron-energy-secures-partial-underwriting-for-listed-options-35229.html
<![CDATA[News - Cauldron Energy intersects 1% uranium at Yanrey ]]> https://www.proactiveinvestors.com.au/companies/news/151745/cauldron-energy-intersects-1-uranium-at-yanrey-35155.html Cauldron Energy (ASX: CXU) has intersected peak grades of nearly 1% uranium from its 5,000 metre drilling program at Bennet Well East within its Yanrey Uranium Project in Western Australia.

Further assay results from the hole where the peak grade was made include 3.3 metres at 1,596ppm uranium from 57.7 metres including 2.21 metres at 2251ppm uranium from 57.7 metres.

The drilling program was designed to test for potential extensions to the Bennet Well deposit and explore other identified palaeochannels within the project.

It has to date, identified a high grade paleo-channel about 1.6 kilometres long, 120 metres wide and open to both the north and south at the Yanrey project.

Previous peak grade results from drilling at high grade channel include:
-    2.7 metres at 1,021ppm from 40.6 metres ;
-    1.3 metres at 1,210ppm from 40.6 metres; and
-    1.9 metres  at 777ppm from 43.4 metres.

The Bennet Well Deposit has an Inferred resource of 4.8 million pounds at 300 parts per million uranium.

Cauldron Energy now believes it has over 90 square kilometres of untested prime target areas which are favourable to uranium mineralisation.

Drilling is expected to be completed by mid-November.

 

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

]]>
Wed, 31 Oct 2012 08:50:00 +1100 https://www.proactiveinvestors.com.au/companies/news/151745/cauldron-energy-intersects-1-uranium-at-yanrey-35155.html
<![CDATA[News - Cauldron Energy uncovers high grade uranium at Yanrey ]]> https://www.proactiveinvestors.com.au/companies/news/151744/cauldron-energy-uncovers-high-grade-uranium-at-yanrey--34977.html Cauldron Energy (ASX: CXU) has discovered high grade uranium of up to 2,267 parts per million at its Yanrey Uranium Project in Western Australia.

A 5,000 metre rotary-mud drilling program has delivered a highlight intercept of 2.7 metres at 1,021 parts per million uranium from 40.6 metres, with a peak result of 2,267 parts per million.

Importantly, this program also intersected a layer of silcrete sitting above the mineralisation, a feature common to similar deposits such as Quasar Resources and Alliance Resources’ (ASX: AGS) Four Mile Project in South Australia.

The Four Mile project is one of the highest grade and potentially most profitable mines in Australia with a rich endowment of 71 million pounds of contained uranium.

This drilling program at Yanrey focused on the Bennet Well east area within the Yanrey Uranium Project to test for potential extensions to the Bennet Well deposit and explore other identified palaeochannels within the project.

The new high grade intersection is in a new area, close to the Bennet Well resource, but at about 20 to 30 metres above the depth at which the resource sits.

The results demonstrate the potential of the area, which has an exploration target of 25 to 35 million pounds between 300 to 900 parts per million uranium and 11 palaeochannels identified yet to be drill tested.

The Bennet Well Deposit has an Inferred resource of 4.8 million pounds at 300 parts per million uranium.

Cauldron Energy now believes it has over 90 square kilometres of untested prime target areas which are favourable to uranium mineralisation.

Drilling is expected to be completed by mid-November.

Cauldron Energy is also accelerating exploration activities at its new base metal discovery in South Australia.


Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

]]>
Fri, 26 Oct 2012 08:50:00 +1100 https://www.proactiveinvestors.com.au/companies/news/151744/cauldron-energy-uncovers-high-grade-uranium-at-yanrey--34977.html
<![CDATA[News - Cauldron Energy to release high grade results from Yanrey uranium project ]]> https://www.proactiveinvestors.com.au/companies/news/151743/cauldron-energy-to-release-high-grade-results-from-yanrey-uranium-project-34891.html Cauldron Energy (ASX: CXU) is preparing to release details on 'significant high grade drilling results' from the company's Yanrey uranium project in Western Australia.

Yanrey has In-Situ Leach mining potential, with the project hosting a Inferred Resource of
7.3Mt at 300ppm eU3O8 for 4.8Mlbs (2,200t) eU3O8 at a 150ppm cut-off. Yanrey has an exploration target of 25-35Mlb at 300-900 ppm eU3O8.

The project is strategically located between Paladin Energy's (ASX: PDN) 23.4Mlb Manyingee and Energia Minerals’s (ASX: EMX) Nyang 9.2Mlb Resources

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Friday 26th October.


Cauldron a 'five bagger'

Cauldron's shares last traded at around $0.38 before the halt, with the company being very well supported by investors recently.

The company's stock traded at just $0.12 in mid-September before spiking to $0.60 a fortnight ago, making the company a 'five bagger' over that period.

 

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

]]>
Wed, 24 Oct 2012 09:50:00 +1100 https://www.proactiveinvestors.com.au/companies/news/151743/cauldron-energy-to-release-high-grade-results-from-yanrey-uranium-project-34891.html
<![CDATA[News - Cauldron Energy to unveil Marree Project results ]]> https://www.proactiveinvestors.com.au/companies/news/151742/cauldron-energy-to-unveil-marree-project-results-34478.html Cauldron Energy (ASX: CXU) has been granted a trading halt by the ASX this morning pending exploration results from the Marree project in South Australia, with the company's shares placed in pre-open.

Marree is currently in a joint venture with a Korean consortium (KORES, Daewoo, LG International) with the group currently holding 40%, and earning up to 50%.

The farm-in includes $6.2 million over 3 years, with current mapping and soil sampling underway to define drill targets.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Wednesday 17th October 2012.

 

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

]]>
Mon, 15 Oct 2012 10:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/151742/cauldron-energy-to-unveil-marree-project-results-34478.html