CXU 0.00% 3.0¢ cauldron energy limited

Bennet Well - Defined Low Cost ISR Western Australian Uranium Resource

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    Thought I would refresh some memory on this 100% Western Australian uranium asset of Cauldron's since U spot price has rebound.

    Bennet Well Project Summary
    The Bennet Well Deposit is located within the Carnarvon Basin approximately 100 km to the south of Onslow in the north-west region of Western Australia. The town of Exmouth is about 240 km to the northwest. The Yanrey – Bennet Well Project can be accessed from Exmouth via the major North West Coastal highway linking Exmouth and Karratha.

    The Yanrey – Bennet Well Project is 100% owned and operated by Cauldron, possessing title in full to a contiguous package of twelve exploration tenements covering 1,280 km2 around the Bennet Well deposit.

    The Bennet Well deposit is comprised of four spatially separate deposits; namely Bennet Well East, Bennet Well Central, Bennet Well South and Bennet Well Channel. Ravensgate Mining Industry Consultants completed the December 2015 Mineral Resource (JORC 2012) estimate upgrade for the Bennet Well deposit, as follows:
    • Inferred Resource: 16.9 Mt at 335 ppm eU3O8 for total contained uraniumoxide of 12.5 Mlb (5,670 t) at 150 ppm cut-off;
    • Indicated Resource: 21.9 Mt at 375 ppm eU3O8 for total contained uraniumoxide of 18.1 Mlb (8,230 t) at 150 ppm cut-off;
    • total combined Mineral Resource: 38.9 Mt at 360 ppm eU3O8, for total
    contained uranium-oxide of 30.9 Mlb (13,990 t) at 150 ppm cut-off.

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