Cauldron Energy (CXU) Q1 2025 TU earnings summary

Executive summary

• Focused on advancing the Yanrey Uranium Project, with significant drilling at Manyingee South and Bennet Well during the quarter ended 30 September 2024.

• Defined near-surface uranium mineralisation at Manyingee South over a 3 km north-south trend, open to the west and northwest.

• Completed 112 drill holes totaling 12,061.5m at Bennet Well and Manyingee South.

• Heritage clearance and regulatory approvals secured, enabling completion of the planned 2024 drilling program.

Financial highlights

• Cash at bank was $0.588m as of 30 September 2024, down from $1.94m at 30 June 2024.

• Raised $4.024m (before costs) via Placement and Entitlements Offer post-quarter end.

• Exploration expenditure for the quarter was $1.141m, with major costs in drilling, wireline logging, and heritage surveys.

Outlook and guidance

• Drilling to continue at Target 14 and other high-priority targets to expand and upgrade the resource base.

• Ongoing review of new project opportunities in uranium and other critical minerals, both in Australia and overseas.

• Plans to progressively target uranium mineralisation in 22 identified areas over the next three years.