Cauldron sought the three uranium exploration licenses including 08/2385, 08/2386 and 08/2387 to conduct exploration on and adjacent to pastoral leases on the Minderoo pastoral station in Western Australia’s Pilbara region.
The company said the Mining Warden recommended refusal of the applications on grounds, in findings, as Cauldron had insufficient funding to undertake the proposed exploration on the licenses at the time of the hearing in December 2013.
Cauldron executive chairman Tony Sage said the company would be urging Bill Marmion not to follow the Mining Warden recommendation and to support greenfields exploration.
"However it is critical that the Warden found that based on the detailed independent expert evidence led by Cauldron that exploration could be carried out on the pastoral lease with appropriate conditions," Sage added.
"While the Warden found the Company does not have the financial capacity to undertake the proposed exploration at the time of the hearing, the Company remains confident it is able to raise funds in order to carry out future exploration," Sage continued.
