CADOUX LIMITED — Interim / Quarterly Report 2011

Oct 30, 2011

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QUARTERLY REPORT FOR THE PERIOD ENDING 31st SEPTEMBER 2011

Yarlarweelor Exploration Summary Points

• Minimal work undertaken during the quarter due to late assay returns from previous quarter’s RAB drilling program.

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Yarlarweelor Location Map

Corporate Highlights

• Board and management support the long term, counter cyclic, participation in the uranium sector.

• The continued review of selected uranium projects during quarter.

• Broader acquisition and corporate opportunities are also reviewed as part of a strategic plan.

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REVIEW OF OPERATIONS SEPTEMBER QUARTER 2011

SUMMARY

FYI under took no material on ground work during the quarter whilst waiting for the return of the full assay results from an extensive RAB program completed during the previous quarter.

YARLARWEELOR: Uranium project – WA (100% interest)

The Yarlarweelor uranium project is located 125 kilometres north of Meekatharra in Western 2 Australia and consists of two granted exploration licences covering an area of 656km .

The Company is targeting significant uranium mineralisation (in the form of uranite) previously encountered within the Archaean Despair Granite on E52/2095 and associated with biotite schists related to intense shear zones.

Previous FYI drill intersections on the project include:

 35m @ 503ppm U3O8 from 125.1m, including 5m @ 1,069ppm U3O8; and

 7.8m @ 588ppm U3O8 from 47.8m, including 1m @ 1,873ppm U3O8

Results from a previous detailed airborne radiometric survey and geological mapping indicates shear zones with a combined strike length in excess of 25 kilometres exist within the Company’s tenements and may be prospective for uranium mineralization.

During the June Quarter 2011, a 1,306 metres RAB program was undertaken. The full assay results were not received until August. There were no significant results returned.

FYI will review the assay results in context of the extent of strike kilometres the project exhibits against the prospective signatures demonstrated in the airborne radiometric survey.

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Yarlarweelor Geology

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Yarlarweelor Mineralised Section Yarlarweelor U308 Drill Targets

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MT JAMES CREEK: Uranium project – WA (100% interest)

The Company continued with an extensive review on two exploration licences in the Gascoyne region of Western Australia which are prospective for uranium mineralization. The two licences cover an area of 43sq km in the Morrissey Metamorphics and are located 300km east of Carnarvon, see Figure 5.

Whilst, the project areas contain a number of historical uranium prospects which were outlined through drilling during the 1970’s , the outcome of the Company’s technical and corporate review resulted in FYI discontinuing its interest in the project and subsequently withdrawing.

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Mt James Creek Project Location Map

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NEW PROJECTS

The FYI board believe that the uranium sector displays very good long term investment characteristics and support the ongoing involvement in the sector.

Whilst a number of interesting uranium projects have been identified and are currently under review by the Company, other prospective acquisition opportunities in other commodities and geographical regions other than Australia are also being pursued – with the focus being on Chile.

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Further Information:

Adrian Jessup Roland Hill Director Chief Executive Officer Tel: (08) 9361 3100 Tel: 0414666178

eU and eU3O8 are values obtained using a calibrated Exploranium GR-135 spectrometer.

The information in this report that relates to Exploration Results has been compiled by Mr. David Ross B.Sc(Hons), M.Sc. who is an employee of Empire Resources Ltd. He is a member of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. He has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity to which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. David Ross consents to the inclusion in the public release of the matters based on his information in the form and context in which it appears.