Cauldron Energy (CXU) Q4 2025 TU earnings summary

Executive summary

• Planning finalized for a 90-hole, 9,000m air-core drill program at Manyingee South, targeting extensions into newly acquired tenements, scheduled for October/November 2025.

• Cash at bank as of 30 June 2025 was $2.396m, up from $0.666m at 31 March 2025, following a $1.949m entitlement offer.

• Six new tenements acquired near Yanrey, expanding the exploration footprint and potential resource base.

• The company maintains 100% ownership of the Yanrey Uranium Project and several river sand leases in Western Australia.

Financial highlights

• Cash balance at quarter-end: $2.396m.

• Entitlement offer raised $1.949m before costs; 5m options converted for $75k; 5m options lapsed.

• Exploration expenditure for the quarter was $226k, with major costs in salaries, consultants, and tenement rents.

• Estimated quarters of funding available: 11.3, based on current cash and outgoings.

Outlook and guidance

• The upcoming drill program is fully funded and aims to confirm high-grade uranium mineralisation continuity.

• Uranium price outlook remains favorable, with spot prices rising nearly 10% in June 2025 and a structural supply deficit expected to support prices.

• The company continues to seek value-accretive project opportunities and maximize the potential of its sand projects.