Cauldron Energy Limited (ASX:CXU)

Focussed on identifying and exploring for minerals critical to a cleaner planet.

About Us

Cauldron Energy Limited (ASX: CXU) is an exploration and development company focussed on identifying and exploring for minerals critical to a cleaner planet.

Cauldron has a diversified portfolio of projects in Australia and has already achieved exploration success at its Yanrey Uranium Project which hosts the Bennet Well resource with a global Uranium Resource of 38.9 Mt at 360 ppm eU308 (JORC 2012).

Company Overview

Cauldron Energy Limited, an Australian exploration firm, boasts a portfolio spanning uranium, nickel, copper, PGEs, and sand. The company's significant holdings include over 1,153 km² of uranium prospective land in the North Carnarvon Basin, Western Australia, featuring the Yanrey Uranium Project and its central Bennet Well Deposit. Recognised for sandstone-style uranium mineralisation, this project is suited for environmentally friendly in-situ recovery mining. With the growing demand for low-carbon energy and a potential shift in uranium mining policies, Cauldron is strategically positioned to benefit from market dynamics.

Additionally, Cauldron controls tenements in the Yilgarn Craton, highly prospective for nickel, copper, and PGEs, and has recently launched a drill program to explore these minerals. The company also owns valuable sand tenements across 286 km² in Western Australia, a region at the forefront of the global sand market—projected to expand significantly by 2030. Cauldron is actively exploring ways to extract maximum value from these resources to benefit its shareholders, against a backdrop of increasing demand for construction aggregates.

Board & Management

Ian Mulholland

Ian Mulholland

Chairman

Mr Mulholland has had a long and distinguished career holding senior technical and executive roles for over 30 years. Most notably, Mr Mulholland was Chief Geologist of Summit Resources during which time Summit completed a resource upgrade on the Valhalla uranium deposit and acquired a portfolio of uranium projects; ultimately being taken over by ASX-listed Paladin Resources for ~$44 million.

Subsequently, Mr Mulholland was Exploration Manager at Anaconda Nickel during the period that Anaconda grew its lateritic nickel ore resource from 300 million tonnes to over 1.3 billion tonnes; and Technical Director of Conquest Mining during the period in which Conquest acquired the Carlton silver-gold project with Conquest subsequently merging with Evolution Mining for a ~$320 million valuation.

Most recently, Mr Mulholland was founding Managing Director of ASX-listed Rox Resources for 15 years. Since retiring from Rox Resources in April 2019, Mr Mulholland has operated a highly successful geological and mining personal consultancy.

Rox Resources was awarded Australian Mining Prospect Awards Explorer of the Year in 2015 for its Fisher East Nickel Sulphide Project discovery and Ian was joint winner of AMEC’s 2016 Prospector Award for the Teena Zn-Pb discovery.

Mr Mulholland holds a Bachelor of Science with Honours from the University of Sydney, a Master of Science from James Cook University, a Diploma of Science Education with Honours from Edith Cowan University and has completed numerous professional development courses.  He also holds or has held numerous professional memberships including being a Fellow of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists, and Society of Economic Geologists and a Member of the Australian Institute of Company Directors.

Jonathan Fisher

Jonathan Fisher

Chief Executive Officer

Mr Fisher holds degrees in Law, Finance and Commerce (University of Western Australia and Macquarie University), and has 20 years’ experience in the resources and corporate industries.

Most recently, Mr Fisher was Chief Financial Officer at TNG Ltd and led their project financing and government liaison teams. He was responsible for delivery of $800M in conditional financing support for TNG’s Mt Peake project in the NT.

Prior to that Jonathan was Chief Financial Officer for five years for Tellus Holdings Ltd, a hazardous and radioactive waste management company with customers ranging from mining, oil & gas, utility and heavy industry sectors. This included securing $160M pre-development and then development financing for the Sandy Ridge facility in Western Australia, and liaison with a number of different West Australian state and Federal government departments to deliver the holistic financial assurance and insurance framework for the project.

In the iron ore sector, Mr Fisher was General Manager Corporate Finance for Atlas Iron for circa 4 years during the period 2012 to 2015 where he was responsible for all corporate treasury operations, debt capital for project development, and various other commercial responsibilities.

Other roles have included corporate advisory at Price Waterhouse Coopers, Rothschild (London based), and Poynton and Partners. Of particular relevance, Jonathan was a member of the Natural Resources, Utilities and Infrastructure team at Rothschild where he was involved in corporate advisory roles in the nuclear energy sector across Europe.

Mr Fisher is a Graduate of the Australian Institute of Company Directors (GAICD) and a fellow of Finsia.

Michael Fry

Michael Fry

Executive Director, CEO & Company Secretary

Mr Michael Fry is a highly experienced finance executive who has acted in the capacities of director, chief financial officer and company secretary of ASX listed companies for over twenty years. Michael joined Cauldron on 15 April 2019. Mr Fry spent the first ten years working in chartered accounting with KPMG (Perth) and Deloitte (Melbourne). After leaving chartered accounting, Michael worked in corporate advisory with Troika Securities Ltd (Perth) prior to moving to Swick Mining Services Limited, an ASX listed drilling services provider contracting to the mining industry in Australia and North America. Michael also holds positions with Lindian Resources Limited (ASX: LIN) and VDM Group Limited (ASX: VMG).

Qiu Derong

Qiu Derong

Non-Executive Director

Mr Qiu is a highly experienced industrialist with more than 26 years’ experience in the architecture, construction and real estate industries in China as well as over 18 years of experience in the management of enterprises and projects throughout the country. Mr Qiu has a MBA obtained from the Oxford Commercial College, a joint program operated by Oxford University in China.

Judy Li

Judy Li

Non-Executive Director

Ms Li has over 9 years of extensive international trading experience in hazardous chemical products. She has also been involved in international design works for global corporates and government clients while working for Surbana that has been jointly held by two giant Singapore companies—CapitaLand and Temasek Holdings. Throughout her career, Judy has contributed to building tighter relationship between corporates and governments. Judy earned her masters degree in art with Honors Architecture from University of Edinburgh in the United Kingdom.

Chenchong Zhou

Chenchong Zhou

Non-Executive Director

Mr Zhou is an experienced financial analyst in the materials and energy sector. In his career, Mr Zhou covers an extensive list of junior to mature mining companies and has developed a good understanding of industry financing. Mr Zhou received his Bachelor of Science in Economics degree from Wharton Business School in 2013.

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