Cauldron Energy Limited announced the appointment of Ian Mulholland as a Non-Executive director and Chairman with immediate effect. Current Chairman Simon Youds will continue in the capacity of Executive Director. Mr. Mulholland has had a long and distinguished career holding senior technical and executive roles for over 30 years. Most notably, Mr. Mulholland was Chief Geologist of Summit Resources during which time Summit completed a resource upgrade on the Valhalla uranium deposit and acquired a portfolio of uranium projects; ultimately being taken over by ASX-listed Paladin Resources for $44 million. Subsequently, Mr. Mulholland was Exploration Manager at Anaconda Nickel during the period that Anaconda grew its lateritic nickel ore resource from 300 million tonnes to over 1.3 billion tonnes; and Technical Director of Conquest Mining during the period in which Conquest acquired the Carlton silver-gold project with Conquest subsequently merging with Evolution Mining for a $320 million valuation. Most recently, Mr. Mulholland was founding Managing Director of ASX-listed Rox Resources for 15 years. Since retiring from Rox Resources in April 2019, Mr. Mulholland has operated a highly successful geological and mining personal consultancy. Mr. Mulholland holds a Bachelor of Science with Honours from the University of Sydney, a Master of Science from James Cook University, a Diploma of Science Education with Honours from Edith Cowan University and has completed numerous professional development courses. He also holds or has held numerous professional memberships including being a Fellow of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists, and Society of Economic Geologists and a Member of the Australian Institute of Company Directors. Current Non-Executive director and former Chief Executive Officer, Mr. Jess Oram, has elected to resign as a Director effective immediately. Mr. Oram was appointed General Manager - Exploration of Paladin
Energy in July 2021 but agreed to remain on the Cauldron Board to assist the Company with its transition, and to mentor the geological team.