Price, volume & events
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- Last 2026-11-06
- A$0.056
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
- Locked: sign in to view
- Mkt cap
- A$114.1M
- EV
- A$110.4M
- Cash
- A$3.7M
- Debt
- A$0
2 newer ASX announcements not yet reflected in this valuation
- Quarterly Activities/Appendix 5B Cash Flow ReportLatest Four Activities Reports
- Annual Report to shareholdersLatest Annual Report
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Sign in or enter a guest codeAnnouncements
Latest 12 of 15All sources ▸- Quarterly Activities/Appendix 5B Cash Flow ReportOperations
- Exploration Target on Recently Acquired TenementsResource Update
- Cauldron Acquires Tenements Surrounding ManyingeeEconomic Arrangement
- Quarterly Activities/Appendix 5B Cash Flow ReportOperations
- Half Yearly Report and AccountsResults
- Notification regarding unquoted securities - CXUFinancing
- Presentation at RIU 2026 Fremantle ConferencePresentation
- Quarterly Activities/Appendix 5B Cash Flow ReportOperations
- Option conversions put Cauldron in strong financial positionFinancing
- Quarterly Activities/Appendix 5B Cash Flow ReportOperations
- Annual Report to shareholdersResults
- Sand Project Update - Cauldron to Retain Onslow TenementsEconomic Arrangement
Event calendar · next 12 months
2 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| Results during remainder of 2026 drilling campaign | Yanrey 2026 drilling results | Exploration | Company Guided | High | Step-out results test resource growth and the continuity of Manyingee mineralisation; intersections are not new resources. |
| Revised reporting date 15 November 2026 | Western Australian inquiry report on decarbonisation and green fuels | Permitting | Confirmed | High | Could alter the perceived probability of a future WA uranium policy change, though the report itself cannot permit mining. |
Executive roster
As of 2026-09-26Background checks ▸FY2025 annual report roster reconciled to June 2026 quarterly signatories; no later CEO, director or secretary change established in the usable packet.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Jonathan Fisher | Chief Executive Officer | Chief Executive | 2022-12-01 | Annual Report to shareholders · Quarterly Activities/Appendix 5B Cash Flow Report |
| Michael Fry | Executive Director · Chief Financial Officer · Company Secretary | Executive Director · Finance · Company Secretary | 2019-04-11 | Annual Report to shareholders · Sand Project Update - Cauldron to Retain Onslow Tenements · Option conversions put Cauldron in strong financial position |
devCoverage status: Complete As Disclosed
Portfolio detail
Assets
Core asset
Yanrey Uranium Project
Australia
Scoping Study Developer100% ownedUranium
Wholly owned exploration tenure; Bennet Well has a 2023 scoping study, but uranium mining is restricted in Western Australia. The five 2026 Wyloo tenements carry a 1.5% gross-metal royalty.
Project location
Approximate location
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Published study economicsIssuer or study metrics
NPVA$449M10% discount
IRR79%Published return
Initial capexA$117.7MPublished capital estimate
Operating cost23.23USD/lb U3O8
2023 pre-tax scoping estimate at US$75/lb uranium and 0.70 AUD:USD; not a current equity valuation.
Resources & reserves3
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Indicated and Inferred | 38.9 Mt | 360 ppm eU3O8 | Uranium | 2015-12-17 |
| Mineral Resource | Inferred | 21.2 Mt | 319 ppm eU3O8 | Uranium | 2026-02-01 |
| Mineral Resource | Inferred | 14.9 Mt | 297 ppm eU3O8 | Uranium | 2026-02-01 |
Tenements1
Milestones1
- 2026 Yanrey air-core drilling and results
Pending · High materiality
Permits & approvals2
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| WA uranium mining permission | Western Australia | Required | — | Yes |
| Heritage clearance for drill sites | Western Australia | Pending | — | Yes |
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Bennet Well scoping study | Scoping Study | Current | 2023-12-13 | 11-year ISR concept, 1.5 Mlb annual output, pre-tax NPV10 A$449m at US$75/lb and 0.70 AUD:USD; no permitted construction decision. |
Other
Onslow River Sands
Australia
Early Explorer100% ownedOthers
Wholly owned Onslow sand tenements retained after termination of purchase agreement; no operating plan or resource disclosed.
Tenements1
Other
Melrose nickel exploration interest
Australia
Early Explorer100% ownedNickelCopperPlatinum Group Metals
Residual exploration interest referenced in FY2025 accounts; no current resource or funded work programme established.
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
Current exploration funded at recent quarterly rate, but any mine build would require external capital and policy change.
Capital structure
Ownership and dilution
- Ordinary shares
- 2B
- Fully diluted
- 2.2B
2,036,977,030 ordinary shares at 31 December 2025 after listed-option exercises; add 30m unlisted options, 66m prior performance rights and 74m February 2026 rights for conservative 2,206,977,030 fully diluted shares. Later cessations or conversions require registry confirmation.
Security classes5
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Fully paid ordinary shares | Ordinary Share | 2B | — | — |
| Unlisted options at A$0.025 | Option | 15M | A$0.025 | 2026-11-30 |
| Unlisted options at A$0.05; September cessation notice not independently reviewed | Option | 15M | A$0.05 | 2027-02-15 |
| Existing performance rights, all vested by February 2026 | Performance Right | 66M | — | 2028-12-01 |
| February 2026 performance rights with vesting conditions | Performance Right | 74M | — | — |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2025-12-30Ann. 2026-01-06 | Raising | A$3.7M | 247.6M | — | Completed | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
Annual report and acquired-tenement releases reviewed; full later contractual documents and any new terms after July 2026 were not in the local packet.
Wyloo retains a 1.5% gross-metal royalty on production from the five 2026 acquired tenements and a last right of refusal on their disposal.
Royalty · Active- Counterparties
- Wyloo Metals Pty Ltd
- Applies to
- Yanrey Uranium Project · Uranium
- Economic direction
- Burden
- Period
- From 2026-05-18; no end date stated
- Key terms
- gross metal royalty: 1.5 % of gross revenues from five acquired tenements
last right of refusal: —
How it affects our valuation
No valuation treatment is available for this arrangement.
Earlier production payments and royalty terminated; Cauldron retained Onslow tenements and no further consideration is due.
Royalty · Terminated- Counterparties
- Original Onslow sand vendors
- Applies to
- Onslow River Sands · Others
- Economic direction
- Burden
- Period
- Through 2025-09-02; start date not stated
- Key terms
- former royalty: A$1/t or 2% FOB sales
How it affects our valuation
This arrangement has ended; no current valuation treatment is required.
Intrinsic value
Valuation
Valuation
Bear, base and bull values, investment cases, project valuations and the equity bridge are available to subscribers.
Sign in or enter a guest codeResource-price transmission
Sensitivity lab
Sensitivity lab
How our fair value responds to commodity prices and other drivers is available to subscribers.
Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
Evidence is limited to the issuer’s disclosed roster and selected filings. The available material does not support a complete assessment of each executive’s professional record; individual reports state specific gaps.
Decision-relevant facts
Material summary
Jonathan Fisher
Chief Executive Officer
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 2
- Targeted independent searches of regulator, court, safety and environmental records were not completed for this individual; the logged source review does not support a clearance conclusion.
- The issuer describes Fisher’s Tellus financing and Atlas Iron responsibilities but does not give exact Tellus tenure dates in the current profile; third-party chronology also lists TNG CFO and earlier advisory work, whose exact dates and outcomes need primary-source confirmation.
Michael Fry
Executive Director / Chief Financial Officer / Company Secretary
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 2
- Targeted independent searches of regulator, court, safety and environmental records were not completed for this individual; the logged source review does not support a clearance conclusion.
- The issuer profile confirms KPMG/Deloitte, Troika, Swick, appointment date and concurrent APC Minerals company-secretary role, but does not disclose specific dates, qualifications or measurable outcomes for those prior roles.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-09-23
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 28.59% | 582,471,798 | |
| 2 | 10.06% | 205,003,611 | |
| 3 | 4.24% | 86,405,450 | |
| 4 | 4.13% | 84,189,324 | |
| 5 | 4.07% | 82,844,912 | |
| 6 | 3.13% | 63,833,334 | |
| 7 | 2.64% | 53,787,038 | |
| 8 | 2.63% | 53,530,094 | |
| 9 | 2.17% | 44,124,306 | |
| 10 | 2.03% | 41,431,278 | |
| 11 | 2.02% | 41,205,500 | |
| 12 | 1.57% | 31,892,543 | |
| 13 | 1.36% | 27,749,747 | |
| 14 | 0.96% | 19,600,000 | |
| 15 | 0.83% | 16,967,366 | |
| 16 | 0.83% | 16,839,948 | |
| 17 | 0.69% | 14,000,000 | |
| 18 | 0.56% | 11,300,000 | |
| 19 | 0.54% | 11,000,000 | |
| 20 | 0.37% | 7,519,592 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- The top-20 list is a register of named accounts, not a complete beneficial-owner table. Custodians and nominees may represent underlying investors not named in the report. No post-September top-holder register was located in the cache.
Sources
- Annual Report to shareholders
Cauldron Energy Limited / ASX · Published 2026-09-29 · Accessed 2026-10-09
Lists twenty largest fully paid ordinary-share accounts as at 23 September 2026, with shares and issued-share percentages.
PDF page 80 (printed page 77), Twenty Largest Shareholders as at 23 September 2026
Disclosed activity
Insider transactions
Trading activity0 buys · 0 sells shownNet cash last 12 months no tradesShow chartHide chart
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2025-12-22to 2025-12-23 | Qiu Derong
Details & evidence for Qiu Derong on 2025-12-22Shares after conversion were 205,003,611. As disclosed: Conversion/exercise of 9,973,149 listed CXUO options at $0.015 each into fully paid ordinary shares.
director · Start not disclosed Appendix 3Y - Qiu Derong ↗ Appendix 3Y - Qiu Derong ↗ | ExerciseCXUO listed options expiring 2025-12-30 | 9,973,149 | AUD 149,598.00 | AUD 0.015Disclosed price | 0 |
| 2025-12-05 | Michael Bernard Fry
Details & evidence for Michael Bernard Fry on 2025-12-05As disclosed: Conversion of 61,667 listed options held by Michael Bernard Fry into shares; consideration $925.
director · Start not disclosed Ann Mary Fry · beneficial interest stated through her superannuation account; Mr Fry is a member and beneficiary Ann Mary Fry ATF Fry Superannuation Fund · member and beneficiary with disclosed relevant interest in the fund account Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | ExerciseCXUO listed options expiring 2025-12-30 | 61,667 | AUD 925.00 | AUD 0.015Disclosed price | 0 |
| 2025-12-05 | Michael Bernard FryAnn Mary Fry ATF Fry Superannuation Fund
Details & evidence for Michael Bernard Fry on 2025-12-05As disclosed: Conversion of 126,263 listed options in Ann Mary Fry ATF Fry Superannuation Fund into shares; consideration shown as $1.894, interpreted as $1,894 consistent with the disclosed $0.015 exercise price.
director · Start not disclosed Ann Mary Fry · beneficial interest stated through her superannuation account; Mr Fry is a member and beneficiary Ann Mary Fry ATF Fry Superannuation Fund · member and beneficiary with disclosed relevant interest in the fund account Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | ExerciseCXUO listed options expiring 2025-12-30 | 126,263 | AUD 1,894.00 | AUD 0.015Disclosed price | 0 |
The closest covered peers
Peer comparison
Peer comparison pending
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Narrative and provenance
Research & Sources
AI Analyst Report
The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.
Sign in or enter a guest codeChronological evidenceSource-document inventory17 documents
CXU ASX ordinary-share close, 25 September 2026Market Data · HighExtracted
Latest eligible local database observation from market data provider via miners.collect_stock_prices; one ASX CXU ordinary share.
- Document ID
- asx-close-2026-09-25
- Published UTC
- 2026-09-25T06:00:00Z
- Projects
- —
- Commodities
- —
Drilling extends Mineralisation 2.5kms at Manyingee South — announcement indexOperations · MediumExtracted
Third-party index confirms release timing and approximate same-day price impact; full issuer release was unavailable and geological details were not extracted.
- Document ID
- sep-release-index
- Published UTC
- 2026-09-01T23:47:00Z
- Projects
- yanrey
- Commodities
- uranium
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · HighExtracted
Quarterly Activities/Appendix 5B Cash Flow Report; local release reviewed for the identified facts.
- Document ID
- quarter-2026-06
- Published UTC
- 2026-07-30T01:11:24Z
- Projects
- yanrey · onslow
- Commodities
- uranium
Exploration Target on Recently Acquired TenementsResource Update · HighExtracted
Exploration Target on Recently Acquired Tenements; local release reviewed for the identified facts.
- Document ID
- target-2026
- Published UTC
- 2026-05-27T00:23:48Z
- Projects
- yanrey
- Commodities
- uranium
Cauldron Acquires Tenements Surrounding ManyingeeEconomic Arrangement · HighExtracted
Cauldron Acquires Tenements Surrounding Manyingee; local release reviewed for the identified facts.
- Document ID
- wyloo-royalty
- Published UTC
- 2026-05-17T23:39:02Z
- Projects
- yanrey
- Commodities
- uranium
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · MediumExtracted
Quarterly Activities/Appendix 5B Cash Flow Report; local release reviewed for the identified facts.
- Document ID
- quarter-2026-03
- Published UTC
- 2026-04-30T04:25:02Z
- Projects
- yanrey
- Commodities
- uranium
Half Yearly Report and AccountsResults · HighExtracted
Half Yearly Report and Accounts; local release reviewed for the identified facts.
- Document ID
- half-2025-12
- Published UTC
- 2026-02-27T04:43:29Z
- Projects
- yanrey
- Commodities
- uranium
Notification regarding unquoted securities - CXUFinancing · HighExtracted
Notification regarding unquoted securities - CXU; local release reviewed for the identified facts.
- Document ID
- rights-2026
- Published UTC
- 2026-02-25T07:15:22Z
- Projects
- —
- Commodities
- —
Presentation at RIU 2026 Fremantle ConferencePresentation · MediumExtracted
Presentation at RIU 2026 Fremantle Conference; local release reviewed for the identified facts.
- Document ID
- presentation-2026
- Published UTC
- 2026-02-17T00:56:15Z
- Projects
- yanrey
- Commodities
- uranium
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · HighExtracted
Quarterly Activities/Appendix 5B Cash Flow Report; local release reviewed for the identified facts.
- Document ID
- quarter-2025-12
- Published UTC
- 2026-01-29T22:48:14Z
- Projects
- yanrey
- Commodities
- uranium
Option conversions put Cauldron in strong financial positionFinancing · HighExtracted
Option conversions put Cauldron in strong financial position; local release reviewed for the identified facts.
- Document ID
- options-2026
- Published UTC
- 2026-01-05T22:37:49Z
- Projects
- —
- Commodities
- —
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · MediumExtracted
Quarterly Activities/Appendix 5B Cash Flow Report; local release reviewed for the identified facts.
- Document ID
- quarter-2025-09
- Published UTC
- 2025-10-28T08:49:38Z
- Projects
- yanrey
- Commodities
- uranium
Annual Report to shareholdersResults · HighExtracted
Annual Report to shareholders; local release reviewed for the identified facts.
- Document ID
- annual-2025
- Published UTC
- 2025-10-14T09:15:45Z
- Projects
- yanrey · onslow · melrose
- Commodities
- uranium
Sand Project Update - Cauldron to Retain Onslow TenementsEconomic Arrangement · MediumExtracted
Sand Project Update - Cauldron to Retain Onslow Tenements; local release reviewed for the identified facts.
- Document ID
- sand-termination
- Published UTC
- 2025-09-02T00:14:17Z
- Projects
- onslow
- Commodities
- —
Extensive Palaeochannel System in Newly Acquired TenementsOperations · MediumExtracted
Extensive Palaeochannel System in Newly Acquired Tenements; local release reviewed for the identified facts.
- Document ID
- channels-2025
- Published UTC
- 2025-05-22T00:39:06Z
- Projects
- yanrey
- Commodities
- uranium
Cauldron Expands Footprint at YanreyTransaction · MediumExtracted
Cauldron Expands Footprint at Yanrey; local release reviewed for the identified facts.
- Document ID
- wyloo-2025
- Published UTC
- 2025-04-08T23:26:42Z
- Projects
- yanrey
- Commodities
- uranium
Bennet Well Scoping StudyStudy · HighExtracted
Bennet Well Scoping Study; local release reviewed for the identified facts.
- Document ID
- study-bennett
- Published UTC
- 2023-12-13T03:24:40Z
- Projects
- yanrey
- Commodities
- uranium
Evidence facts39
3680000 AUD
2026-07-30569000 AUD
2026-07-306.47 quarters
2026-07-3030.9 Mlb eU3O8
2026-07-3014.9 Mlb eU3O8
2026-07-309.8 Mlb eU3O8
2026-07-3090–269 Mlb eU3O8
2026-07-302026-11-15 None
2026-07-30True None
2026-05-271.5 % gross revenue
2026-05-18True None
2026-05-18True None
2026-04-302036977030 shares
2026-02-2730000000 options
2026-02-2766000000 rights
2026-02-2714.9 Mlb eU3O8
2026-02-279.8 Mlb eU3O8
2026-02-2774000000 rights
2026-02-25True None
2026-02-17True None
2026-01-30247570907 options
2026-01-063713564 AUD
2026-01-06True None
2025-10-28-5357608 AUD
2025-10-14True None
2025-10-14True None
2025-10-14True None
2025-09-022000000 shares
2025-09-02177.3 km2
2025-05-22175000 AUD
2025-04-09177.3 km2
2025-04-09449000000 AUD
2023-12-13117700000 AUD
2023-12-131500000 lb U3O8/year
2023-12-1375 USD/lb U3O8
2023-12-130.09 AUD/share
2026-09-254136197 shares
2026-09-25True None
2026-09-025.0 %
2026-09-02