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Cauldron Energy Limited has revealed impressive high-grade uranium assay results from its ongoing 2026 drilling campaign at the Manyingee North deposit. This milestone underscores the company’s potential for resource expansion and reinforces its dedication to advancing the Yanrey Uranium Project located in Western Australia.
Key Highlights
- Cauldron Energy Limited (CXU)
- Reported high-grade uranium outcomes from the initial 14 drill holes completed in 2026.
- Extension of known mineralisation at Manyingee North by roughly 2,500 meters northward and 550 meters southward.
- Investors should watch for forthcoming results from additional drilling at Manyingee North and other Yanrey Uranium Project prospects.
Confirmed High-Grade Uranium Mineralisation at Manyingee North
Cauldron Energy has confirmed substantial high-grade uranium mineralisation at the Manyingee North deposit through results from the first 14 drill holes (26YRAC001 to 26YRAC014) of the 2026 program. Notably, all initial eight holes surpassed the cut-off grade, indicating a consistent and extensive mineralisation profile within the deposit.
The Manyingee North deposit forms part of the Yanrey Uranium Project in Western Australia. The current mineral resource estimate stands at 14.9 million tonnes containing 9.8 million pounds of uranium, with an average grade of 297 ppm eU3O8. This estimate, derived from the 2025 drilling program, highlights the deposit’s promising potential for further expansion as drilling continues.
Significant Extension of Mineralisation Strike Length
The recent drilling campaign has extended the mineralisation strike length at Manyingee North to approximately 4,000 meters. Step-out exploration drilling has expanded the known mineralisation roughly 2,500 meters to the north and 550 meters to the south. The mineralisation remains open-ended in both directions, suggesting further exploration could reveal additional resources.
Importantly, the mineralisation occurs within the Manyingee North Palaeochannel, a key geological feature known to host uranium deposits. The broad mineralisation zones and high-grade intersections identified position Manyingee North as a prime target for future resource estimation and development.
Noteworthy Drill Intersections from 2026 Program
Initial results from the 2026 drilling campaign have revealed several significant uranium intersections. Drill hole 26YRAC0013 recorded multiple high-grade intervals, including 2.30 meters at 258.3 ppm eU3O8 and 0.66 meters at 398.7 ppm eU3O8. Similarly, drill hole 26YRAC0014 delivered standout results with 1.74 meters at 644.9 ppm eU3O8.
These findings confirm the presence of high-grade uranium and improve understanding of mineralisation distribution within Manyingee North. The consistent high-grade intersections across multiple holes indicate a robust mineralisation system that warrants further delineation through ongoing drilling.
Exploration Advances at Cosgrove Prospect
Alongside Manyingee North, Cauldron Energy has reported progress at the Cosgrove Prospect, where two additional air-core holes intersected further mineralisation. This has extended the known mineralised zone over a width of 1.2 kilometers, suggesting significant potential for resource definition.
With mineralisation confirmed in three out of five exploration holes at Cosgrove, Cauldron plans to prioritise further drilling to map the full extent of mineralisation and potentially define a resource that complements Manyingee North’s deposits.
Strategic Significance of Yanrey Uranium Project
The Yanrey Uranium Project spans over 80 kilometers along a historic sedimentary coastline featuring uranium-bearing granitoid uplands. It encompasses multiple prospective palaeochannel systems, recognized as key hosts for uranium mineralisation. The project area stretches from Paladin’s Carley Bore Uranium Deposit to Cauldron’s Spinifex Well Uranium Prospect.
More than 20 palaeochannels within Cauldron’s tenements remain untested, offering high discovery potential. Recent passive seismic surveys have enhanced the understanding of these buried palaeochannels, enabling identification of new exploration targets for the ongoing drilling program.
Upcoming Drilling Initiatives and Focus Areas
Cauldron Energy’s future drilling plans will concentrate on Manyingee North, Manyingee South, the Cosgrove Prospect, and the newly identified Bennet Well (West) target. The company remains focused on expanding its resource base and increasing the Yanrey Uranium Project’s overall value.
Further drilling will proceed once heritage clearances are secured, allowing comprehensive exploration of mineralisation at key targets. This strategy aims to define additional resources and strengthen Cauldron’s position in the uranium sector.
CEO Jonathan Fisher Shares Positive Outlook on Drilling Progress
Cauldron Energy CEO Jonathan Fisher commented on the drilling campaign, noting that initial delays caused by weather and technical challenges have been resolved. He expressed optimism about the results so far, highlighting that every hole drilled at Manyingee North has intersected mineralisation, a strong indicator of the project’s potential.
Fisher emphasized Manyingee North as a high-priority target for resource expansion, stating that extending mineralisation beyond 4 kilometers of strike length presents a significant growth opportunity. His remarks reflect the company’s confidence in the ongoing drilling program and its capacity to unlock additional shareholder value.
