Past year: ▲ 219%(1.80c – 12.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
29 Oct 2012drilling result▲ GoodMajor
Yanrey drilling defined a high-grade palaeochannel about 1.6km long and 120m wide, open north and south. All 15 holes hit uranium, 11 in the channel (preliminary peaks 3,706 ppm). The company expects the 25-30Mlb Exploration Target to be revised up, though it is still conceptual.
25 Oct 2012drilling result▲ GoodMajor
The first hole of the 5,000m Yanrey program found a new shallow palaeochannel: 2.7m @ 1,021 ppm eU3O8 from 40.6m (preliminary field gamma). It sits above the Bennet Well resource depth. Drilling that was scheduled for October has begun and runs to mid-November.
17 Oct 2012drilling result▲ GoodMajor
Surface sampling at Marree found an 8km x 10km silver-lead-zinc anomaly in the same province as Broken Hill. Peak rock-chips from old workings: 936 g/t silver, over 20% lead, 23% zinc. A new base metals thread beyond uranium; drilling is planned but not yet done.
5 Oct 2012farm in farm out completion● NeutralMajor
Uranium Equities withdrew from the West Lake Frome joint venture, ending its earn-in towards 80%. It issued 4,000,000 of its shares to Cauldron to settle its remaining minimum commitment. Cauldron appears to regain full control of the three licences (inference).
28 Aug 2012drilling scheduled▲ GoodMajor
A 5,000m Yanrey drilling program is scheduled for October 2012, targeting extensions to the Bennet Well resource (4.8Mlb inferred) and the Bennet Well South channels. It follows the favourable Native Title heritage ruling in late 2011.
23 Jan 2012drilling spud● Neutral
A 6,500m drill program began at Marree with the Korean consortium, with 5,000m at MacDonnell Creek and 1,500m at Red Banks Well. It follows up the 2011 paleochannel find; the joint venture is in its final year, with A$3.34m spent so far.
18 Aug 2011drilling spud▲ GoodMajor
Drilling started at Los Colorados in Argentina: about 15 holes for 1,000m targeting near-mine extensions. Cauldron's exposure is via its loan to Caudillo, which can earn 78% of the project from EMSE (previously stated as 80%). Follows the February loan agreement.
14 July 2011drilling result▲ GoodMajor
Follow-up Marree drilling (33 holes, 3,576m) found low-grade uranium, best 1m @ 263 ppm at MacDonnell Creek, and a new paleochannel open 11km to the northeast. Still low grade, but a new priority target for the Korean-funded joint venture.
9 Mar 2011drilling spud● Neutral
A 4,000m drilling program started at Marree, targeting Blanchewater and Redbanks Well uranium anomalies (peak 245 ppm). It is the March-quarter program previously planned, funded by the Korean partners under the $6.2m earn-in.
13 Jan 2011drilling result● Neutral
Six Beadell holes (1,702m) found widespread but mostly low-grade copper, lead and zinc, best 1m @ 7840 ppm Cu and 8.55 g/t Au and 28m @ 1794 ppm Pb. The company says the source of the electromagnetic anomaly lies deeper and is still untested.
3 Nov 2010drilling result● Neutral
At ASX's request, Cauldron supplied the full hole table for the Red Banks drilling. Most holes read under 10x background; the peak remains 153 ppm in MAMR116. No new results.
1 Nov 2010drilling spud● Neutral
A 1,500m reverse circulation program started at the 80%-owned Beadell project in WA, testing two airborne electromagnetic targets that resemble massive sulphide mineralisation. Delivers on the planned September-quarter drilling; this is base metals, not uranium.
29 Oct 2010drilling result● Neutral
Red Banks drilling at Marree (30 holes, 2,266m) found a redox front over about 6 km, with a peak of 153 ppm eU3O8 and 0.35m @ 127 ppm. Modest grades but a new target; a further 4,000m is being planned with the Korean partners.
8 Oct 2010drilling result▲ GoodMajor
Yanrey aircore drilling finished: 4,585m across four of five targets over 40 km, finding two new uranium palaeochannels 30-40 km south of Bennet Well. Best intercept 1.88m @ 430 ppm eU3O8. Extends the August high-grade find; follow-up drilling is being planned.
30 Sept 2010drilling spud● Neutral
A 3,000m mud rotary program starts at Red Banks in the north-west of Marree, with wide 3.2 km by 1.6 km spacing over a 12 km zone. Korean consortium funds it; earlier Blanchewater drilling peaked at 245 ppm.
30 Aug 2010farm in farm out agreement▲ GoodMajor
Uranium Equities can earn 80% of Cauldron's West Lake Frome project in South Australia by funding A$5m over five years, with a minimum A$0.7m including 4,000m of drilling before it can withdraw. Cauldron's own cost is carried; licence renewal is a precondition.
30 Aug 2010farm in farm out agreement▲ Good
Uranium Equities' version of the West Lake Frome farm-in with Cauldron: it can earn 80% of 1,444 sq km by spending A$5m over five years, with a A$0.7m minimum. Renewal of the licences is a precondition.
17 Aug 2010drilling result▲ GoodMajor
First of five Yanrey targets, 1.5 km south of Bennet Well, found new high-grade uranium: 1.50m @ 1152 ppm and 2.18m @ 657 ppm eU3O8. Mineralisation open, over 2.5 km strike. 16 of 4,000m aircore holes done; a positive early result.
21 July 2010drilling result● NeutralMajor
Marree drilling of 19 holes (2,394m) at MacDonnell Creek outlines a 2 km by 400-800m low-grade uranium zone; peak stays 245 ppm eU3O8. Another 9 holes were drilled at Spring Creek; a further 5,000m is planned. Low-grade, but extends the discovery.
14 May 2010drilling spud▲ GoodMajor
Drilling starts at Las Marias, San Juan, Argentina, Cauldron's first program there: 500-600m of core targeting extensions of surface uranium up to 1,305 ppm. Results are expected mid to late June. Sage says later discretionary spending will likely favour overseas projects.
30 Apr 2010drilling spud● Neutral
A 2,000m mud rotary program starts at Spring Creek in the south-east of Marree, testing about 10 km of the Emu Fault Zone for Beverley-style high-grade uranium. Korean partners fund it; follows last year's low-grade Blanchewater results.
10 Mar 2010drilling scheduled▲ GoodMajor
Cauldron outlines a 13,000m drilling program funded by the recent raising: 4,000m aircore at Yanrey (May), 1,500m RC at Beadell (April), 1,500m at Las Marias in Argentina, and 6,000m more at Marree. Delivers the drilling long flagged for 2010.
24 Nov 2009drilling result▲ GoodMajor
Marree drilling (42 holes, 3,121m) finds uranium anomalism over 12 km by 4 km at Blanchewater, best 0.60m at 180 ppm eU3O8, peak 245 ppm. Low grades and wide spacing, but extends the October 2008 discovery; more drilling planned for 2010.
20 Oct 2009drilling spud▲ GoodMajor
Drilling starts at Marree, SA: a 4,000m mud rotary programme of 35-40 holes over a 16 km strike length, funded by the Korean partners' $6.2m earn-in. This follows the airborne survey and delivers the drilling flagged earlier.
15 Sept 2009resource reserve update▲ GoodMajor
Cauldron states an initial Exploration Target of 25 to 35 million pounds U3O8 at 300 to 900 ppm at Yanrey, beside Paladin's 24Mlb Manyingee. It is conceptual, not a resource; the only defined resource remains Bennet Well's 4.8Mlb inferred. Drilling depends on approvals and the wet season.
13 Nov 2008farm in farm out completion▲ Good
FIRB has no objection to the Korean consortium earning up to 50% of the Marree JV for $6.2m. This clears one of the conditions of the 20 October deal; other conditions (SA consent, Korean approvals, due diligence, board approvals) are not reported as met.
30 Oct 2008drilling result▲ Good
Orange Creek (Amadeus, NT) RC program finished: 39 holes, 3,903m, found new uranium on a redox boundary similar to the neighbouring Pamela/Angela deposits. Best 1.0m @ 926 ppm eU3O8 at 22-60m depth. Resolves the earlier restarted program; no resource yet.
28 Oct 2008drilling result● Neutral
First Marree results from the 19 holes (2,486m) show anomalous uranium up to 10x background over 4km; best 1.75m @ 51 ppm eU3O8. These are weak grades, but the area stays open to the east and south-east. The drilling is to be funded under the Korean JV.
20 Oct 2008farm in farm out agreement▲ GoodMajor
Scimitar signs a farm-in JV on its 100%-owned Marree uranium project (SA, 2,575 sq km) with a Korean consortium led by KORES. They can earn up to 50% by spending $6.2m over three years. Conditions include FIRB approval; the consortium gets first rights to buy uranium at commercial prices.
15 Sept 2008farm in farm out agreement● Neutral
Atomic Resources' side of the same deal: Scimitar earns 70% of uranium rights at the Uaroo project by spending $500,000 over three years, with a $100,000 minimum. Duplicates Scimitar's own announcement of the same date.
