Cauldron Energy's significant uranium discovery at Manyingee South

Cauldron Energy Limited (ASX:CXU) has confirmed a significant discovery of broad, high-grade uranium mineralisation at the Manyingee South prospect, located 4.5kms south of Paladin's (ASX:PDN) Manyingee Deposit. The first four holes drilled at the Manyingee South target have intersected mineralisation, defining a thick, high-grade mineralisation along a continuous 1.5km strike length, open in all directions. Further drilling is underway to test extensions of the identified mineralisation.

Executive commentary on the significant uranium discovery

Cauldron CEO Jonathan Fisher expressed excitement about the results, stating, 'This first set of holes into the Manyingee South target area have returned exactly the type of results we were looking for - broad intercepts, high grade, and when taking into account the historical holes drilled in the area, demonstrate a new discovery at Manyingee South; SO far continuous over 1.5km along strike. The rig is continuing to move along strike and we will be releasing further drilling results as they are received. This represents the most exciting results to date from our current drill campaign and provides the opportunity for a significant increase in the uranium resource at Yanrey.' Fisher also highlighted the company's regional exploration strategy, aiming to define multiple new deposits and turn the Yanrey project into a truly world-scale project.

Summary of Cauldron Energy's significant uranium discovery

Cauldron Energy's confirmation of significant uranium mineralisation at the Manyingee South prospect marks a major milestone for the company. The discovery of thick, high-grade mineralisation along a continuous 1.5km strike length, open in all directions, presents the opportunity for a significant increase in the uranium resource at Yanrey. With further drilling underway to test extensions of the identified mineralisation, Cauldron is well positioned to explore for and identify further uranium deposits as it targets prospective palaeochannel systems. The company's regional exploration strategy, combined with the extensive historical work identifying multiple palaeochannels for immediate testing, reflects its ambitions to establish the Yanrey project as a truly world-scale project.