Cauldron Energy’s (ASX: CYU) calendar year 2024 drilling programme at the Yanrey Project in WA is now complete with 145 holes drilled for a total of 14,813.5m.
Cauldron’s fully owned Yanrey Uranium Project is located approximately 100 km south of Onslow and covers an area of approximately 1,150 sq. km and is located within a highly prospective, mineral-rich region containing multiple uranium deposits.
The Yanrey Project covers a prospective northeast-southwest trending Cretaceous-age coastal plain developed along the western margin of the Pilbara block. This prospective trend extends for at least 140km in length, of which Cauldron holds 80km under granted tenement.
Recent drilling has targeted the apex of the Bennet Well Uranium Deposit with 11 holes drilled for a total of 989.0m. Additional exploration drilling was undertaken at Target 14 where seven holes were drilled for a total of 516.0m whilst a cased hole for downhole logging calibration was completed at Manyingee South.
The Yanrey project area hosts the Bennet Well Uranium Deposit which contains 30.9 Mlb of uranium-oxide (38.9Mt at 360ppm eU3O8 at 150ppm cut-off) and is a globally significant uranium deposit.
Laboratory based test work has confirmed that the Bennet Well uranium mineralisation is amenable to in situ leaching. Much of the Yanrey project area remains ineffectively tested or untested, with 22 high priority targets identified for drilling.
Manyingee South (Target 15) is a high priority exploration target, lying approximately 4.5 kilometres south of Paladin’s (ASX: PDN) Manyingee Deposit (containing an estimated 25.9Mlbs of uranium-oxide (13.8Mt at 850ppm eU3O8 at 250ppm cut-off).
“That’s a wrap on the drill programme for the year; and what a successful programme it has been. We have been very pleased with the amount of uranium we have discovered; the Manygingee South discovery being, in my view, the stand out uranium discovery in Australia this year. We have plenty of follow up analysis to do, as well as planning for the next stage of drilling in due course,” CEO, Jonathan Fisher, said.
“I would like to thank all our partners who made this programme so successful – our Indigenous partners Thalanyji, drilling partners Wallis, Site partners Terra Search, logging team at Wireline Services, camp operators Appeal Catering, and of course our pastoral landholders and civil services team from Yanrey Station.”
