Cauldron Energy begins drilling program in Melrose, Australia

<img width="562" height="375" src="https://www.leaprate.com/wp-content/uploads/2023/09/iStock-1424827687.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" /><p>The new <a href="https://www.leaprate.com/news/basin-energy-makes-moves-in-athabasca-basin/" target="_blank" rel="noopener">drilling</a> operation aims to investigate historical geochemical nickel anomalies that have been identified in recent electromagnetic surveys. Notably, Parle Investments Pty Ltd, a seasoned investor in the uranium sector, has emerged as a substantial shareholder, endorsing Cauldron’s unwavering commitment to uranium exploration. Cauldron has received a further $1.47m endorsement from outside investors.</p>
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<p>Cauldron’s CEO Jonathan Fisher emphasised his support of Cauldron’s operation and exploration after Parle Investments’ acquisition of an 11.55% stake in Cauldron. Fisher noted that proactive shareholder engagement is the correct direction when participating in the Global Uranium Conference (Adelaide, November 15-16) and the RIU Resurgence Conference (Perth, November 22-23). Fisher hopes that the combined companies can use these platforms to showcase Cauldron’s progress and future endeavours to a global audience.</p>
<p>Fisher, Cauldron’s CEO, remarked:</p>
<blockquote><p>Cauldron has built a strong team and a clear strategic plan to deliver value for shareholders. Our projects offer exciting potential in minerals critical to the Energy Transition, a sector of particular interest to investors. Following the Entitlement Offer, Cauldron now has sufficient cash resources to advance these projects aggressively. Further, we are particularly pleased to have attracted a new significant, successful Uranium sector substantial shareholder, and we are encouraged by the opportunities this support may present for the Company moving forward.</p></blockquote>
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