What did Cadoux Ltd (ASX:CCM) announce regarding the Wimmera Mineral Sands Project?

Cadoux Ltd has entered into a Farm-In and Joint Venture Agreement over the 1,380-square-kilometre Wimmera Mineral Sands (WMS) Project in Victoria. This deal allows Cadoux to earn up to an 80% interest in the asset by funding its development through to a definitive decision to mine.

Why does the WMS Project deal matter for the Cadoux (ASX:CCM) long-term investment thesis?

This transaction transforms Cadoux from a single-project developer into a broader critical minerals player by securing a major upstream feedstock source. The WMS Project is rich in monazite and xenotime, which are essential for producing heavy and light rare earths, zircon, and titanium.

How is Cadoux (ASX:CCM) funding this new joint venture and exploration program?

Cadoux has secured $2.6 million through a capital placement to institutional and sophisticated investors, led by Evolution Capital. The placement was structured at an issue price of $0.03 per share.

What does the $2.6 million capital raising mean for existing Cadoux (ASX:CCM) shareholders?

In the short term, the placement at $0.03 per share introduces equity dilution for current retail investors as new shares enter the tightly held registry. However, the capital injection eliminates immediate funding risk for the new joint venture, ensuring the company can advance exploration without straining its existing balance sheet.

What did the recent drilling assays reveal about the Danube prospect?

Recent 2025 assay results from the Danube prospect within the WMS Project confirmed continuous, shallow, high-grade mineralisation. Notable drill intercepts from wide collar spacing highlighted grades such as 7 metres at 2.02% in-situ zircon and 1,884 parts per million total rare earth oxides plus yttrium oxide (TREO) from a depth of just 10 metres.

What are the main bull points for Cadoux (ASX:CCM) after this announcement?

The main bull case rests on the project's strategic location adjacent to the massive, proven WIM100 and WIM150 deposits, suggesting strong regional scale. Additionally, the shallow depth of the intercepted mineralisation (starting from 9–11 metres) could translate to lower future stripping ratios and cheaper capital expenditure if the project moves to an open-pit mining scenario.

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Cadoux secures major Victorian rare earth venture

Written by Mahathir BayenaPublished Jun 9, 2026, 5:00 AM

Cadoux (ASX:CCM) has announced a farm-in and joint venture agreement over the highly prospective Wimmera Mineral Sands Project in Victoria.

The transaction positions the 1,380-square-kilometre project as a cornerstone feedstock supplier for Minhub Operations' regional processing strategy, significantly enhancing its rare earth and mineral sands supply chain.

Under the agreement, Cadoux has the opportunity to earn up to an 80% interest in the WMS asset by funding its development through to a definitive decision to mine.

The WMS Project, which sits adjacent to the major WIM100 and WIM150 deposits, boasts a significant monazite and xenotime endowment capable of supporting future production of critical heavy and light rare earths, zircon, and titanium.

Recent 2025 assay results from drilling at the Danube prospect have validated this potential, confirming continuous, shallow, high-grade mineralisation.

Key drill intercepts from wide collar spacing include exceptional results such as 7m at 2.02% in-situ zircon and 1,884 parts per million total rare earth oxides plus yttrium oxide from a depth of 10m.

To fund the joint venture commitments and associated exploration costs, Cadoux has successfully secured a $2.6 million capital placement at $0.03 per share, led by Evolution Capital.

A 6,000-metre aircore drilling programme is currently underway to assess multiple untested WIM-style and strandline targets across the broader project area.

Cadoux secures major Victorian rare earth venture

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