In March 2025, Cadoux Ltd, an Australian critical minerals company, progressed its High Purity Alumina (HPA) and Minhub rare earths projects. These initiatives, located in Western Australia and the Northern Territory, aim to bolster Australia's aluminium supply chain. The company advanced through engineering studies and permitting processes to achieve this goal.
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The Minhub project, a multi-client rare earths processing facility in the Northern Territory, completed its site permitting process. Initial site works have commenced, with IHC Mining leading the feasibility study.
For the HPA project, Cadoux neared completion of its Stage 1 engineering feasibility study. Stage 2 works have been initiated, focusing on innovative engineering solutions and market development. The project aligns with global electrification efforts and supports Australia's critical minerals strategy.
In terms of product finishing and downstream innovation, Cadoux is exploring advanced processing techniques. These efforts aim to enhance product quality and meet specific market requirements. Research and development partnerships are active, focusing on downstream product applications.
Cadoux sees strong HPA demand in batteries and semiconductors, targeting niche markets with its 4N and 5N products. It renewed ties with Gippsland Critical Minerals for potential HMC offtake, supporting Australia’s strategy for rare earth sovereignty and key inputs like dysprosium and terbium.
Cadoux maintained its framework in line with the UN Sustainable Development Goals during the March quarter. Activities included workshops, stakeholder outreach, and industry engagement through the Critical Minerals Association Australia. ESG Director Dr Sandy Chong represented Cadoux at global forums, highlighting its focus on responsible development and gender equity.
Cadoux ended the quarter with A$2.69 million in cash, up from USD 2.43 million previously. Net operating outflows of USD 305,000 were offset by USD 564,000 in investing inflows, mainly from loan recoveries. With no equity or debt raised and minimal exploration spend of USD 22,000, the company remains well-funded for near-term development.
Overall, Cadoux's advancements in the HPA and Minhub projects demonstrate its dedication to strengthening Australia's aluminium and rare earths sectors. The company's strategic developments position it to contribute significantly to national and global critical mineral supply chains.
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