Cauldron Energy Limited · ASX:CXU
Cauldron Energy — RIU Uranium Day, Westin Hotel Perth 2025
27 slides from Cauldron Energy's conference presentation, Sep 11, 2025
Slide 1: Potential WA Uranium Powerhouse
ASX: CXU Cauldron Energy Limited ABN 22 102 912 783 For personal use only Potential WA Uranium Powerhouse 92 92 238 238 U 11 September 2025, Westin Hotel Perth Jonathan Fisher Chief Executive Officer Jonathan.fisher@cauldronenergy.com.au @cxuasx 1
Slide 2: What a week in Uranium & Nuclear!
What a week in Uranium & Nuclear! “International climate objectives will not be met if nuclear power is excluded” – United Nations For personal use only 1 PRODUCTION DOWNGRADES – KAZATAOMPROM AND CAMECO 2 SPROTT PHYSICAL URANIUM TRUST PRINTING MONEY, BUYING POUNDS 3 WNA – MICROSOFT JOINS WORLD NUCLE
Slide 3: Policy, Project Updates, Strategic Relationship
Policy, Project Updates, Strategic Relationship Has there been the first steps towards investigating policy change?! For personal use only POLICY AND MARKET DISCUSSION PROJECT UPDATE Navoiyuran PARLIAMENTARY INQUIRY UNDERWAY 2025 Site Programme Underway! Company Defining Agreement • Fundamental driv
Slide 4: Company Defining Agreement!
Company Defining Agreement! Navoiyuran is the Uzbek State owned uranium company, Global technical leader in ISR, shows interest from majors in WA Uranium – important for Govt Policy For personal use only Commentary Navoiyuran Global Partners • Entering relationship demonstrates the world class natur
Slide 5: Nuclear and the Data Centre / AI industry
Nuclear and the Data Centre / AI industry The AI industry is projected to require enormous new supplies of dispatchable energy. Nuclear is a preferred solution. • Dense, dispatchable energy critical but scarce Big Tech Planning for Nuclear Future For personal use only • Demand already choking system
Slide 6: The New Nuclear Fuel Report – GAME ON.
The New Nuclear Fuel Report – GAME ON. New report just released at WNA, showing huge increases in future expected demand for uranium CURRENT LOW 2040 BASE HIGH Commentary For personal use only STATE CASE 2040 CASE 2040 INSTALLED 372 GW 582 GW 686 GW 966 GW • These are 2040 CAPACITY (+210 GW) (+314 G
Slide 7: The U Should Come From Australia (and specifically WA)
The U Should Come From Australia (and specifically WA) World leading mining jurisdiction; geopolitically aligned and with significant expertise Australia has world largest resources Australian Production Trend (ASNO data) Country Tonnes U Percentage of • Long history of production; but has For perso
Slide 8: Inquiry into WA role in global Decarbonisation
Inquiry into WA role in global Decarbonisation • Inquiry into the role of WA in the global effort on decarbonization For personal use only • Does not specifically mention uranium • But does mention export of Green Fuels • Submissions are open to the public – if interested in the industry, please con
Slide 9: WA is Ready, Willing and Able!!
WA is Ready, Willing and Able!! Strong support from WA business groups to change the Ban. For personal use only 9
Slide 10: Denouncing the Suggestion WA Can't Do This Safely
Denouncing the Suggestion WA Can’t Do This Safely ✓ Bipartisan support in South Australia Just look over the ✓ Uranium jobs in SA – highly paid and stable border – SA has For personal use only done this safely for ✓ Olympic Dam (BHP) ,Beverly/Four Mile (General Atomics) and 40 years! Honeymoon Well
Slide 11: How Uranium is safely mined and exported from Australia
How Uranium is safely mined and exported from Australia Uranium is safely mined in South Australia and is transported on public roads and exported through standard container ports! Mining Production Mine to Port At the Port For personal use only 1 Olympic Dam, SA 3 Drum Production O.D. 5Securing the
Slide 12: Cauldron Media Strategy Advocating for the U Industry
Cauldron Media Strategy Advocating for the U Industry Cauldron is at the forefront of the push to change the policy in WA. This is appreciated by investors. For personal use only Source: https://thewest.com.au/business/herd- Source: Source: on-the-terrace/herd-on-the-terrace-jonathan- Source: https:
Slide 13: Driving Industry and Community Engagement
Driving Industry and Community Engagement We are at the forefront of providing information and education to the community to drive a change in perception and pressure the Government to change policy. 1 2 3 5 1 Headlining the WA Mining Club Lunch, July 2024 For personal use only 2. Nuclear community
Slide 14: Active Investor Engagement Across Platforms
Active Investor Engagement Across Platforms Cauldron is recognized as having a leading presence across platforms including conferences, webinars, and social media. We generally don’t pay for exposure – platforms seek us out for our knowledge; ensuring we get exposure and allowing us to spend our mon
Slide 15: Why WA should overturn the Uranium ban NOW!
Why WA should overturn the Uranium ban NOW! Risks for WA Mining & Industry Action NOW makes sense 1• Market different to 2017 – Global nuclear For personal use only • Closures across Ni, Li, and now iron ore renaissance driving strong long term U pricing • BHP Nickel West a significant loss to the s
Slide 16: On Site at Yanrey for 2025!
On Site at Yanrey for 2025! Crews on the ground; passive seismic completed, heritage next then drilling! Starlink working well! For personal use only 16
Slide 17: Yanrey Project – Prolific U Region
Yanrey Project – Prolific U Region • 42 Million lb U3O8 already defined across Bennet Well and Manyingee South • Multiple interpreted Paleochannels on Yanrey tenements For personal use only • Source of uranium is uranium-bearing granites to the east • Flows through ancient river systems to ancient c
Slide 18: Passive Seismic Survey
Passive Seismic Survey • Primary focus of survey is over Tenement E08/3204 acquired from Wyloo; to aid drilling to For personal use only confirm extension of high-grade zone upstream i.e. to the south-east of the existing Manyingee South deposit. • BUT: There is MORE • Passive lines in: • AREA 2 (NO
Slide 19: Yanrey Scoping Study – Compelling Economics
Yanrey Scoping Study – Compelling Economics1 Stage 1 scoping study shows highly attractive economics at prevailing market prices NPV10 (pre tax) IRR (pre tax) For personal use only Payback Period Upfront Capital A$449M 79% 1.5 yrs A$118M Assuming US$75/lb and 0.70 Assuming US$75/lb and 0.70 AUD:USD
Slide 20: This Year's Workplan
This Year’s Workplan Value creating milestones! For personal use only Engage market re Maiden Resource COMPANY Next site campaign GOVT INQUIRY broader uranium estimation work for STRATEGIC (passive seismic, AND ADVOCACY Yanrey Uranium and nuclear policy Manyingee South ANNOUNCEMENT drilling) ✓✓ COMP
Slide 21: Summary
Summary Exciting WA Uranium Junior with massive potential to discover and grow resource base; and now a Tier 1 relationship! For personal use only 1. 42 Mlbs of Uranium Resource amenable to In Situ Recovery (ISR) 2. Scoping Study completed in December 2023 indicated excellent returns at prevailing u
Slide 22: Contacts
Contacts Jonathan Fisher For personal use only Chief Executive Officer linkedin icon circle jonathan.fisher@cauldronenergy.com.au Michael Fry Director / CoSec Michael.fry@cauldronenergy.com.au Cauldron Chairman Ian Mulholland and CEO Jonathan Fisher on site at Yanrey @cxuasx 22
Slide 23: Important Information
Important Information This Presentation may include statements that could be deemed ‘forward looking statements.’ Although the Company believes the expectations Forward Looking Statements expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guaran
Slide 24: Competent Person Information
Competent Person Information The information in this Presentation that relates to Exploration Results for the Yanrey Project is extracted from a report released to the ASX on 8 August For personal use only Competent Person 2024 titled “Yanrey Uranium Project - First Drill Results Confirm and Extend
Slide 25: Mineral Resources – Bennett Well Deposit
Mineral Resources – Bennett Well Deposit The Mineral Resource (JORC 2012) estimate is: Inferred Resource: 16.9 Mt at 335 ppm eU3O8 for total contained uranium-oxide of 12.5 Mlb (5,670 t) at 150 ppm cut-off. Indicated Resource: 21.9 Mt at 375 ppm eU3O8 for total contained uranium-oxide of 18.1 Mlb (8
Slide 26: Mineral Resources – Manyingee Deposit
Mineral Resources – Manyingee Deposit The Mineral Resource (JORC 2012) estimate is: Inferred Resource: 15.5 Mt at 325 ppm eU3O8 for total contained uranium-oxide of 11.1 Mlb (5,045 t) at 100 ppm cut-off. Deposit Cut-off Deposit Mass Deposit Mass U3O8 For personal use only (ppm U3O8) (t) Grade (ppm U
Slide 27: Yanrey Uranium Project – Exploration Target
Yanrey Uranium Project – Exploration Target Competent Person The information in this Presentation that relates to an Exploration Target for the Yanrey Project is extracted from a report released to the ASX on 24 For personal use only January 2024 titled “Yanrey Project Exploration Target” which is a
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