Cauldron Energy has received approval from the Western Australia Minister for Mines and Petroleum to proceed with its plan to explore for uranium on and adjacent to pastoral leases on the Minderoo pastoral station in Pilbara region.

The approval from Bill Marmion overturns Mining Warden’s recommendation to refuse the company’s three exploration licences.

Marmion determined that the applications comply with the mining regulations.

Cauldron Energy said that the company has allocated A$3m and a further $7.47m in funding from various investors under placement agreements to undertake exploration on the licences.

Cauldron executive chairman Tony Sage said: "This decision is not only great news for Cauldron’s investors but also for all those junior explorers who are struggling in the current environment.

"The company now looks forward to moving the application forward and, in time, commence exploration on these tenements."

The Department of Mines and Petroleum will work on the determination process of the applications.