The company engaged the Commonwealth Scientific and Industrial Research Organisation (CSIRO) to complete a two-phase study into the leachability of the Bennet Well Uranium deposit.
The first stage of the study is now completed, showing the deposit is favourable for an In-Situ Recovery (ISR) style mining process.
Tony Sage, executive chairman, commented: "The CSIRO results confirm our view that the Bennett well project is not only viable but will be a low cost producer."
The CSIRO completed ten column leach tests on five mineralised zones sampled by core taken from Bennet Well East and Bennet Well Central.
Both acid leach and alkali leach was tested.
Oxidant was added to each leachate mid-way through the leaching cycle.
The second stage of the study is aimed to support the activities of the field leach trial and is yet to be commenced.
The Bennet Well uranium deposit is within Cauldron's wholly-owned Yanrey – Bennet Well Project.