Codrus Minerals Limited (ASX:CDR) is an ASX listed exploration company focused on critical minerals.
Codrus possesses a portfolio of promising gold and copper projects located in Western Australia (WA) and Oregon, United States of America (USA). All our Australian assets are situated near existing operational mines, and the Bull Run Project in the USA is in a region with a rich historical background.
Codrus has strategically positioned itself for growth and diversification in the global uranium sector through the acquisition of two highly prospective assets in Canada’s premier mineral provinces.
- The 100% owned Jasper Wedge Uranium Project lies approximately 45km south-east of the high-grade Cigar Lake uranium mine in the prolific uranium jurisdiction of the Athabasca Basin, Saskatchewan, Canada; and
- The 100% owned Nanuk Uranium Project, in Quebec, has seen minimal historical exploration with the highest-grade surface samples returning 5,920ppm U3O8.
The Karloning Rare Earth Element (REE) Projects in Western Australia’s Wheatbelt region offer significant exploration potential for discovering more high-value REEs identified at Karloning, namely Neodymium (Nd), Praseodymium (Pr), Dysprosium (Dy), and Terbium (Tb), which are essential in manufacturing high-strength permanent magnets (Magnet Rare Earth Oxides – MREO).
This strategic initiative leverages the increasing global demand for critical minerals and rare earth elements, ultimately creating value for our shareholders.
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