The new drilling operations aim to investigate geochemical nickel anomalies identified during 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 received an additional $1.47m in investment from outside investors.
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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 said that a proactive approach to shareholder engagement would be the best way forward when attending the Global Uranium Conference in Adelaide (November 15-16) and RIU Resurgence Conference in 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.
Fisher, Cauldron’s CEO, remarked:
Cauldron is a company with a well-established team, and a clearly defined strategic plan. This allows it to create value for its shareholders. Our projects have exciting potential for minerals that are critical to the Energy Transition.