Skip to content
Finance Investment, Oil Mining Resources

Cauldron Energy (ASX:CXU) – COMPLETION OF SALE OF BLACKWOOD GOLD PROJECT

Cauldron Energy Limited (ASX:CXU) < 1 mins read

Cauldron Energy Limited (Cauldron or the Company) (ASX: CXU) is pleased to announce the successful completion of the sale of its 51% interest in the Blackwood Gold Project in Victoria. This significant transaction underscores the new management's commitment to executing its strategic turnaround of Cauldron.

Key Highlights:

  • The sale of Cauldron’s 51% interest in the Blackwood Gold Project has been finalized.
  • This move exemplifies the new management's dedication to delivering on its strategic objectives.
  • The sale allows Cauldron to channel its resources and focus on projects that align with its revamped strategy. These include:
    • The Melrose Nickel-Copper-PGE Project, where the company has secured a substantial stake in the highly sought-after West Yilgarn Craton of Western Australia.
    • The Yanrey Uranium Project in Western Australia, which is home to the Bennett Well Uranium Deposit, recognized as one of the world's largest undeveloped uranium deposits.
    • An ongoing review of potential project opportunities in prioritized commodities.
  • Cauldron is also actively exploring various options concerning its sand project interests, which encompass potential divestment, joint ventures, and/or sales of bulk material.

For a detailed account of the sale and its conditions, please refer to the Company’s ASX Announcement dated 5 September 2023, titled “Sale of Blackwood Gold Project.”

Financial Details: The Company has confirmed the receipt of $200,000 in cash from the sale of its 51% stake in the Blackwood Gold Project. An additional sum of $100,000 is expected to be received by no later than 25 September 2024.

 


Contact details:

Jane Morgan

jm@janemorganmanagement.com.au

Media

More from this category

  • Oil Mining Resources, Union
  • 07/02/2025
  • 16:46
Mining and Energy Union

Workers remain on pay as SIMEC stops production at Tahmoor

About 450 workers at Tahmoor underground mine in NSW are off work on full pay after SIMEC halted operations for four weeks due to financial pressure, the Mining and Energy Union said today. TheMEU welcomes the decision by SIMEC to retain their workforce in the current circumstances where the company’s financial position has affected supply of equipment to the mine.The workforce includes approximately 150 direct employees and 300 employees of contractor RStar. “The workforce atTahmoor are skilled and loyal; and the company is doing the right thing by retaining them as they address their current financial challenges,” said MEU South…

  • Finance Investment
  • 07/02/2025
  • 01:10
Kadena

U.S.-Based Blockchain Kadena and Croatian Football Federation (HNS) Partner to Revolutionize Fan Engagement

The Agreement Includes Regular Season Play as Well as the 2026 FIFA World Cup 2026 and UEFA EURO 2028 NEW YORK CITY, NEW YORK / ACCESS Newswire / February 6, 2025 / Kadena, the industry leader in scalable blockchain technology, and the Croatian Football Federation (HNS) have announced a groundbreaking partnership to provide a seamless digital fan engagement experience to Croatian national team fans. This partnership will encompass major global football events through 2028, including the 2026 FIFA World Cup and 2028 UEFA Euro Cup.Kadena and The Croatian Football Federation Enter Partnership to Revolutionize Fan EngagementThis collaboration will introduce high-visibility…

  • Business Company News, Oil Mining Resources
  • 06/02/2025
  • 10:46
Jane Morgan Management

Aurumin Limited (ASX:AUN) Exploration Update – Commencing Drilling at Sandstone Iron Project

6 February 2025 – Perth, Australia | Aurumin Limited (ASX: AUN) ("Aurumin" or "the Company") is pleased to announce the commencement of drilling at its Sandstone Iron Project, marking a significant milestone in its exclusive option agreement with Newcam Minerals Pty Ltd (Newcam). This drilling campaign forms part of Newcam’s due diligence process as it evaluates the potential joint venture to develop Direct Shipping Iron Ore (DSO) opportunities at the project. Highlights Drilling Started: A 54-hole reverse circulation (RC) drill program (~2,000m) has commenced testing seven priority targets. High-Grade Potential: Follow-up on rock chip assays of up to 67% Fe,…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.