Cauldron Energy Limited · ASX:CXU
Cauldron Energy — RIU 2026 Fremantle Conference
24 slides from Cauldron Energy's conference presentation, Feb 17, 2026
Slide 1: Can U feel it? Nuclear is BACK
ASX: CXU Cauldron Energy Limited ABN 22 102 912 783 For personal use only Can U feel it? Nuclear is BACK. 92 92 238 U 238 17-19 February 2026, Fremantle Jonathan Fisher Chief Executive Officer Jonathan.fisher@cauldronenergy.com.au @cxuasx 1
Slide 2: 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 3: TODAY: Macro, WA Situation, Project, Corporate
TODAY: Macro, WA Situation, Project, Corporate Delivering results for shareholders through on ground milestones and advocacy. For personal use only Macro Western Australia! Project Corporate Undeniable Global Growth Developing support… RESOURCE UPDATE!!! Building for the future • New build in The We
Slide 4: Nuclear and AI: REAL or HYPE?
Nuclear and AI: REAL or HYPE? TLDR: Its real BUT it will take time. “Energy constraints have become the largest bottleneck For personal use only to building out AI data centers” – Mark Zuckerberg, April 2024 Source: META 9 January Source: https://www.datacenterdynamics.com/en/news/metas-mark- zucker
Slide 5: The New Nuclear Fuel Report – GAME ON.
The New Nuclear Fuel Report – GAME ON. New report released at WNA Sept 2025, 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) (
Slide 6: Cracking Start to 2026 for Uranium Sentiment
Cracking Start to 2026 for Uranium Sentiment “Slowly at first (2024 & 2025) and then all at once (2026)” – Colin McClelland, Uranium Analyst, Petra Capital (Feb 2026) For personal use only Nuclear delivers record-breaking year in electricity generation Issued 1 September 2025, WNA Source: Stockhead
Slide 7: Yanrey Project Area
Yanrey Project Area A prolific region for ISR uranium. • Yanrey Uranium Province - NE-SW trending coastal plain developed along the western margin of the Gascoyne For personal use only Orogen / Pilbara block. • Extensive early Cretaceous palaeodrainage system. • Palaeorivers every 3-5km, Major palae
Slide 8: Benefits of ISR (In Situ Recovery) – Capex, Opex, Enviro
Benefits of ISR (In Situ Recovery) – Capex, Opex, Enviro ISR has completely transformed the uranium production market; now accounting for >50% of global production; assets amenable to ISR are therefore highly sought after. • Most popular and fastest growing process route for global uranium For perso
Slide 9: Incredible Exploration Track Record at Yanrey
Incredible Exploration Track Record at Yanrey Exceptional track record of success demonstrates the strength of the exploration model and Cauldrons technical understanding of the region. We know what we are looking for; and how to find it. Most successful uranium exploration team in For personal use
Slide 10: Announcement: Resource Update!
Announcement: Resource Update! Updated resource published for Manyingee North/South following the successful 2025 drill progamme! Global resource now >55M Lb (+13M) For personal use only Updated Manyingee North and South1 INFERRRED Tonnes (Mt) Grade Contained (100 ppm cutoff) (ppm eU3O8) Metal Oxide
Slide 11: Building the Resource Base at Yanrey
Building the Resource Base at Yanrey WE ARE NOT WAITING AROUND. Building pounds on the balance sheet is the most effective manner of driving shareholder value as we advocate for policy change. Resource Pounds U3O8, 1• Planning well underway for 2026 programme For personal use only Nearest million •
Slide 12: The Importance of Good WATER for ISR
The Importance of Good WATER for ISR Latest test work by ANSTO Minerals confirms suitability of our water for ISR. Recent announcement (4 February 2026) Commentary For personal use only 1• Analysis recently conducted by ANSTO Minerals on Manyingee North, South and Cosgrove 2• Water quality is crucia
Slide 13: 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 14: 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 suggest to the Government that policy change is appropriate. 1 2 3 5 1 Headlining the WA Mining Club Lunch, July 2024 For personal use only 2.
Slide 15: 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 rarely pay for exposure – platforms seek us out for our knowledge; ensuring we get exposure and allowing us to spend our money in the
Slide 16: Recent Board Changes for CXU
Recent Board Changes for CXU First stages of Board strategy completed; more to come. Announced Change of Directors Current Board and Management For personal use only Ian Mulholland Michael Fry Non Exec Chair Exec Director, CoSec, CFO • Geologist with over 30 years • Decades of experience as experien
Slide 17: Corporate Overview
Corporate Overview Right team, right commodity, right project, massive potential. Already funded for next drill campaign. Company ASX Code CXU Share Price Performance Share Price as at close of market Friday 13 February 2026 2.9c For personal use only Ordinary Shares on Issue ~2,037M Options and per
Slide 18: Summary
Summary Building a world scale uranium company, right here in WA. Please join us on the journey! For personal use only 1. Over 55M Lbs of Uranium Resource in JORC amenable to In Situ Recovery (ISR) 2. Scoping Study indicates excellent returns 3. Exciting exploration ground at Yanrey - 3 new discover
Slide 19: 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 19
Slide 20: Competent Person Information
Competent Person Information The information in this Presentation that relates to Exploration Results for the Yanrey Project is based on information compiled by Mr. John Higgins, B.Sc. (Hons), GCPG&G, who is a member of the Australian Institute of Geoscientists. Mr. Higgins is a full-time employee o
Slide 21: Mineral Resources – Bennet Well Deposit
Mineral Resources – Bennet 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 22: Mineral Resources – Manyingee South Deposit
Mineral Resources – Manyingee South 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 (ppm U3O8) (Mt) Grade (ppm U3O8) (Mlbs) For
Slide 23: Mineral Resources – Manyingee North Deposit
Mineral Resources – Manyingee North 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) (Mt) Grade
Slide 24: 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