Cauldron Energy succeeds in Court of Appeal legal challenge from Forrest & Forrest Pty Ltd
Cauldron said it is pleased to have been successful in the litigation.
Company
ASX:CXU
Cauldron Energy Ltd (ASX:CXU) has a diversified portfolio of projects in Australia and has already achieved exploration success at its Yanrey Uranium Project with a defined uranium resource.
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Cauldron said it is pleased to have been successful in the litigation.
The CSIRO completed ten column leach tests on five mineralised zones.
Cauldron's projects cover more than 2300 square kilometres.
Cauldron is focused on uranium at the Yanrey and Marree projects.
Cauldron Energy (ASX:CXU) has appointed Ms Xinyi Zhang as a non-executive director of the company with effect from 1 January 2017.
Cauldron Energy Limited plans to recover judgement debt.
Tony Sage, executive chairman, commented: “We are pleased to have received this significant investment funding from a new key Chinese investor."
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.”
The resolution of the issue provides closure and Cauldron has in excess of $5 million in cash and liquid assets.
Tony Sage 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 puzzl
Cauldron Energy has quickly followed up a massive resource increase at its Bennet Well uranium project in Western Australia by securing lead agency project status for the operation, which will allow for a more streamlined advisory and appro
Cauldron Energy has realised a major increase in resource tonnage and grade at its Bennet Well uranium project in Western Australia, further validating an emerging jurisdiction and prompting the company to integrate into a growing global nu
The ASX eked out a flat finish after energy stocks got hammered, but this uranium explorer proved the troubled sector could still produce some positive stories.
Continued drilling success at Cauldron Energy’s Bennet Well uranium project in Western Australia has extended mineralisation over 11 kilometres and set up a possible resource increase as the company considers broader regional ambition
Cauldron Energy's shares jumped 25% yesterday following high-grade intercepts of nearly 0.5% uranium oxide (U3O8) were delivered in the second-best ever drillhole at the company’s Bennet Well project in Western Australia.
Cauldron Energy 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.
Cauldron Energy is set 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.