The Asia Miner

SEP-OCT 2014

The ASIA Miner - Reporting Important Issues to Mining Companies in the Asia Pacific Region

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September/October 2014 | ASIA Miner | 41 Australian Uranium CAULDRON Energy has been boosted by the investment of about Aus$15 million into the company by a number of Chinese companies. The funds will allow the company to undertake resource defnition work at the Yanrey Uranium Project in northwest Western Australia. The funds will also enable Cauldron to commence exploration activi- ties at the Maree base metals project in South Australia and a prospec- tive Argentinian uranium-copper-silver asset. In early June the company announced that it had secured $11 million in placement funds to be paid between June 2014 and December 2015 with the majority being received in the current year. These funds were the result of a fundraising roadshow conducted in Beijing in late 2013 which culminated in the execution of a mandate with one of Chi- na's leading investment companies, Shanghai Joseph Limitless Invest- ment, to raise funds for the company. Of these placement funds, $9 million is attributable to funds raised under this mandate from new investor Guangzhou City Guangrong Investment Management Co ($5 million) and funds directly from Beijing Joseph Invest- ment Co/Joseph Investment International ($2 million) and Joseph Invest- ment's controlled entity Guangzhou Joseph Investment ($2 million). Cauldron's executive chairman Tony Sage says, "Cauldron has prov- en it has made a strong strategic alliance with Dr Joseph Chen, the chairman and founder of Joseph Investment. "Cauldron's non-executive director Qiu Derong also continues to sup- port the company be committing $2 million further funding." Subsequent to this funding, on July 1 Cauldron announced that it had secured an additional $4 million in funding via a share placement agree- ment with Chinese investor Starry World Investment Ltd with funding to be provided in four quarterly tranches during 2015. Tony Sage said that common in the minerals exploration industry in recent times, the development of its three major prospects had suffered through under-funding throughout 2013. "Management has been required to focus available funding on Bennet Well with- in the wider Yanrey project as the premier and most advanced of the company's developments. The main focus of the company has been and remains in the fast track development of the burgeoning potential ISR project at Bennet Well." Bennet Well has total inferred and indicated JORC compliant resources of 15.7 million pounds of eU3O8 at 270ppm. "The placement funds will enable the company to undertake exten- sive additional exploration activities within the wider Yanrey region in addition to accelerating the growing Bennet Well resource. Other proj- ect areas that will beneft include the Maree base metals project, for which funding will allow Cauldron to perform geophysical work required to understand the project's potential. This is intended to lead into drill programs for Mount Freeling, Ooloo and Ooloo South West as well as other anomalies. "In addition, the Board now has the fnancial resources to progress the company's prominent and unique position in Argentina." Chinese invest in Cauldron Energy Presented by WWW.COALHANDLINGSHOW.COM 2014 Coal Handling & Storage Conference & Exhibition October 20-22, 2014 St. Louis Union Station Hotel St. Louis, MO REGISTRATION IS NOW OPEN The Coal Handling & Storage Show Has Been Updated, and We're Not Just Coal Anymore The core of the event will always be an incredible educational program for professionals focused on handling coal from mine to market. But our newly revised conference program includes more content to give a deeper understanding of bulk material handling beyond coal. With questions about the conference, call Eric Skates, conference marketing manager, at +1 678 822 9812 or via email at eric@semcoproductions.com.

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