http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Fri, 20 Oct 2017 07:02:08 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Caeneus Minerals joins the search for conglomerate hosted gold in Pilbara ]]> http://www.proactiveinvestors.com.au/companies/news/185838/caeneus-minerals-joins-the-search-for-conglomerate-hosted-gold-in-pilbara-185838.html Caeneus Minerals Ltd (ASX:CAD) is acquiring the rights to key Pilbara Craton projects, joining the search for gold mineralisation associated with outcropping Witwatersrand style conglomerates.

These conglomerates are similar to Novo Resources Corp’s (CVE:NVO) Purdy’s Reward prospect and De Grey Mining Ltd’s (ASX:DEG) Loudens’ Patch in the Pilbara region.

Caeneus is acquiring the Roberts Hill, Mt Berghaus and Yule River projects combining 490 square kilometres of new tenure overlying the highly sought after Mallina Formation.

Pilbara conglomerate gold rush

The Pilbara region of Western Australia is currently experiencing a new gold rush for gold deposits associated with conglomerate rocks.

Conglomerates contain mostly rounded pebbles and cobbles of quartz and other rocks laid down in streams or river beds.

The best-known conglomerate gold deposit in the world is the Witwatersrand of South Africa that has produced >1.5 billion ounces of gold, more than one third of all of the gold produced on Earth.

Recent exploration by Novo Resources at Comet Well and Purdy’s’ Reward has discovered gold bearing conglomerates with many gold nuggets.

De Grey has recently discovered a gold-bearing conglomerate with the conglomerate appearing to be in either the Louden Volcanic Member or the Mallina Formation.

Reconnaissance exploration commences

Caeneus has commenced reconnaissance field mapping for various gold formations including mapped metamorphosed conglomerates.

There are 30 kilometres of untested structural splay faults in the new tenement with similar settings to the Indee and Turner River gold projects.

These fault splays have historically only been tested during diamond exploration programs and are known to host numerous gold deposits just a few kilometres away.

Low cash outlay acquisition

Caeneus has entered into an agreement to acquire 100% of the issued capital of the vendor Mt Roe Mining Pty Ltd by paying $45,000 in cash, payable on execution of the share purchase agreement.

The company will also issue 515 million shares (worth circa $1 million based on current share price) at settlement following satisfaction of all conditions precedent to the acquisition.

The acquisition terms also include the issue of 515 million unlisted options and deferred consideration based on achieving milestones.

Although Caeneus has branched out into gold exploration it remains committed to the pursuit of economic lithium mineralisation in Nevada, U.S.

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Thu, 19 Oct 2017 13:16:00 +1100 http://www.proactiveinvestors.com.au/companies/news/185838/caeneus-minerals-joins-the-search-for-conglomerate-hosted-gold-in-pilbara-185838.html
<![CDATA[News - Caeneus Minerals moving towards finalising acquisition ]]> http://www.proactiveinvestors.com.au/companies/news/185466/caeneus-minerals-moving-towards-finalising-acquisition-185466.html Caeneus Minerals Ltd (ASX:CAD) is currently finalising an acquisition, and subsequent capital raising.

The ASX has today granted a voluntary suspension following a trading halt.

Caeneus expects the voluntary suspension to end before close of trade on Monday 16 October 2017.

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Thu, 12 Oct 2017 12:50:00 +1100 http://www.proactiveinvestors.com.au/companies/news/185466/caeneus-minerals-moving-towards-finalising-acquisition-185466.html
<![CDATA[News - Caeneus Minerals to reveal acquisition, capital raising ]]> http://www.proactiveinvestors.com.au/companies/news/185295/caeneus-minerals-to-reveal-acquisition-capital-raising-185295.html Caeneus Minerals Ltd (ASX:CAD) currently has a focus on lithium and nickel, and the company is set to add to its portfolio.

Caeneus has an acquisition and subsequent raising on the table, with the ASX granting the company a trading halt to prepare.

The halt will remain in place until the opening of trade on Thursday 12th October 2017, or earlier if an announcement is made to the market.

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Tue, 10 Oct 2017 09:16:00 +1100 http://www.proactiveinvestors.com.au/companies/news/185295/caeneus-minerals-to-reveal-acquisition-capital-raising-185295.html
<![CDATA[News - Caeneus Minerals raises cash for lithium, nickel projects ]]> http://www.proactiveinvestors.com.au/companies/news/184943/caeneus-minerals-raises-cash-for-lithium-nickel-projects-184943.html Caeneus Minerals Ltd (ASX:CAD) has raised $300,000 from sophisticated and professional investors via a placement of shares at $0.0015 each.

The company will also be issuing a 1 for 1 free attaching listed option exercisable at $0.003 expiring on or before 31 December 2020 pursuant to the placement.

Caeneus will use the funds toward exploration efforts at the Columbus Marsh Project in Nevada and the Pardoo Nickel Project in Western Australia.

The company recently discovered highly anomalous lithium brines within a shallow aquifer at the Columbus Marsh Project.

The lithium bearing brines were intersected at a depth of 79.25 meters and continued to a depth of 103.63 meters resulting in a width of the aquifer of 24.38 meters.

Importantly, the assay of the brine returned a high of 95.9 ppm lithium.

Given the significance of the discovery, an immediate application has been made for available water rights within Columbus Marsh.

Caeneus recently increased its stake to 80% in the Pardoo Nickel Project located in the Northern Pilbara region of Western Australia.

The company earned the interest from Segue Resources (ASX:SEG) under the standing joint venture agreement.

The project is highly prospective for magmatic nickel-copper sulphides with a current inferred resource of 44.7 million tonnes at 0.3% nickel and 0.13% copper.

Director appointment

Caeneus has appointed Peter Christie as non-executive director of the company.

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Tue, 03 Oct 2017 10:33:00 +1100 http://www.proactiveinvestors.com.au/companies/news/184943/caeneus-minerals-raises-cash-for-lithium-nickel-projects-184943.html
<![CDATA[News - Caeneus Minerals to lift cash balance after increasing nickel exposure ]]> http://www.proactiveinvestors.com.au/companies/news/184791/caeneus-minerals-to-lift-cash-balance-after-increasing-nickel-exposure-184791.html Caeneus Minerals Ltd (ASX:CAD) has interests in nickel and copper, and is now heading to market with a capital raising.

Lithium exploration is continuing in Nevada, and the company recently increased its stake in the Pardoo project.

READ NOW: Caeneus Minerals increases stake in nickel project

The halt will remain in place until the opening of trade on Tuesday 3rd October 2017, or earlier if an announcement is made to the market.

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Fri, 29 Sep 2017 10:43:00 +1000 http://www.proactiveinvestors.com.au/companies/news/184791/caeneus-minerals-to-lift-cash-balance-after-increasing-nickel-exposure-184791.html
<![CDATA[News - Caeneus Minerals increases stake in nickel project ]]> http://www.proactiveinvestors.com.au/companies/news/184764/caeneus-minerals-increases-stake-in-nickel-project-184764.html Caeneus Minerals (ASX:CAD) has increased its stake to 80% in the Pardoo Nickel Project located in the Northern Pilbara region of Western Australia.

The company earned the interest from Segue Resources (ASX:SEG) under the standing joint venture agreement and agreed up variations.

Under the agreement, Caeneus earned the first 51% by spending $250,000 within 12 months of signing the agreement and more recently earned a further 29%, which increased its stake to 80%.

The second stage earn-in of the additional 29% was through $75,000 exploration expenditure and the issuance of 58.3 million shares priced at $0.003 to Segue.

The Pardoo Nickel Project is highly prospective for magmatic nickel-copper sulphides.

The project’s sedimentary Highway deposit hosts a current inferred resource of 44.7 million tonnes grading 0.3% nickel and 0.13% copper.

Plans to drill Pardoo in 2017

Earlier this year, Caeneus used a consultant to collate and reinterpret all of the pre-existing geophysical and drilling surveys with a view to pinpointing possible mineralisation targets for follow-up drilling.

As a result of this, 16 targets were defined worthy of follow-up drilling and the company anticipates drilling to start late during the year.

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Fri, 29 Sep 2017 07:52:00 +1000 http://www.proactiveinvestors.com.au/companies/news/184764/caeneus-minerals-increases-stake-in-nickel-project-184764.html
<![CDATA[News - Caeneus Minerals shares surge on shallow lithium intersection in Nevada ]]> http://www.proactiveinvestors.com.au/companies/news/184177/caeneus-minerals-shares-surge-on-shallow-lithium-intersection-in-nevada-184177.html Caeneus Minerals Ltd’s (ASX:CAD) shares were trading 50% higher intra-day after discovering highly anomalous lithium brines within a shallow aquifer at the Columbus Marsh Project in Nevada, U.S.

The lithium bearing brines were intersected at a depth of 79.25 meters and continued to a depth of 103.63 meters resulting in a width of the aquifer of 24.38 meters.

Importantly, the assay of the brine returned a high of 95.9 ppm lithium.

Given the significance of the discovery, an immediate application has been made for available water rights within Columbus Marsh.

Steve Elliott, managing director, commented:

“The Columbus Marsh result is highly significant and has the potential for large quantities of commercial lithium brines to be defined in the area.

“To the best of our knowledge this is one of the highest lithium in brine assays ever to be recorded in Nevada outside of the Clayton Valley lithium brine operation and is extremely encouraging.”

Similarities to Clayton Valley

The Columbus Marsh property is situated 40 kilometres northwest of the Clayton Valley lithium brine operations.

The brine at Columbus Marsh was confined in the aquifer in a sequence of clay, salt and tuff.

It is expected that the tuff would be relatively permeable, similar to the lithium producing tuff aquifer at the Clayton Valley operations.

Indeed, it is possible that the tuff layer is the same tuff that produces lithium at Clayton Valley.

The brine also assayed up to 3,670 ppm potassium and 1,100 ppm boron, indicating strong potential for other revenue generating commodities to accompany the lithium.

Rhodes Marsh acquisition

Caeneus Minerals has acquired 78 placer claims to cover portions of the Rhodes Marsh basin, which is located circa 15 kilometres northwest of the company’s Columbus Marsh Project.

The Rhodes Marsh Project holds many similarities to basins such as Columbus Marsh and the Clayton Valley, and is therefore highly prospective for lithium brines.

Rhodes Marsh (like Columbus Marsh, Teels Marsh, and Fish Lake) is known for historic production of borax minerals.

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Tue, 19 Sep 2017 11:26:00 +1000 http://www.proactiveinvestors.com.au/companies/news/184177/caeneus-minerals-shares-surge-on-shallow-lithium-intersection-in-nevada-184177.html
<![CDATA[News - Caeneus Minerals provides lithium brine update from Nevada ]]> http://www.proactiveinvestors.com.au/companies/news/182759/caeneus-minerals-provides-lithium-brine-update-from-nevada-182759.html Caeneus Minerals Ltd (ASX:“CAD) remains focused on its lithium brine projects located in Nevada, U.S.

At Lida Valley, results have been received from water samples submitted from the two exploration drill holes.

Water encountered determined to be mostly potable with assays returning maximum dissolved solids of 1,360mg/l (ppm).

This Phase One Drilling Campaign targeted sediments of a basin defined by ground gravimetric data and inferred from resistivity data to host lithium rich brines.

Columbus Marsh

Drilling at the Columbus Marsh Project has now commenced following being temporarily suspended due to the heavy unseasonal rainfall in the area.

Caeneus said that it is highly encouraged by the potential at Columbus Marsh, and notes the significance of the epithermal systems that surround the large mature tertiary saline basin, indicating that hot springs activity has been an influence.

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Tue, 22 Aug 2017 09:25:00 +1000 http://www.proactiveinvestors.com.au/companies/news/182759/caeneus-minerals-provides-lithium-brine-update-from-nevada-182759.html
<![CDATA[News - Caeneus Minerals moves rig to new lithium brine project ]]> http://www.proactiveinvestors.com.au/companies/news/182086/caeneus-minerals-moves-rig-to-new-lithium-brine-project-182086.html Caeneus Minerals (ASX:CAD) has moved its drill rig from its Scotty’s South Lithium Brine to Columbus Marsh Lithium Brine Project both located in the U.S. state of Nevada.

The company is highly encouraged by the potential at Columbus Marsh, and notes the significance of the local epithermal systems.

Given the soft ground conditions, extensive preparation is taking place at Columbus Marsh to ensure the surface is better prepared to complete the Phase One drilling program.

The Phase One drilling program at the Scotty’s South has been terminated due to difficulties drilling the soft and collapsing ground.

Consequently, Scotty’s South has been placed on hold pending an analysis of alternative measures.

Nevada lithium project portfolio

Caeneus’ portfolio of lithium projects in the U.S. state of Nevada includes:

- Muddy Mountain (lithium clay);
- Lida Valley (lithium brine);
- Scotty’s South (lithium brine);
- Columbus Marsh (lithium brine); and
- New King (lithium clay).

Lida Valley was the first project to be drilled, which was recently completed with samples having been despatched for analysis.

These assay results will be released as soon they become available.

Hunting nickel in Western Australia

Caeneus also continues to advance exploration targeting nickel in Pilbara region of Western Australia

At the Pardoo Nickel Project in Western Australia, Caeneus remains confident that the presence of the Highway deposit indicates the nearby presence of more substantial, higher grade mineralisation.

The Highway deposit measures 44.7 million tonnes at 0.3% nickel and 0.13% copper.

The initial low-grade Highway nickel-copper deposit was revealed by airborne geophysics and it was believed that other mineralisation might be similarly located.

Following the reinterpretation of existing geophysical and drilling surveys, 16 drill targets have recently been identified, eight of which are considered priority-one targets.

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Mon, 07 Aug 2017 19:51:00 +1000 http://www.proactiveinvestors.com.au/companies/news/182086/caeneus-minerals-moves-rig-to-new-lithium-brine-project-182086.html
<![CDATA[News - Caeneus Minerals completes phase one drilling at Lida Valley ]]> http://www.proactiveinvestors.com.au/companies/news/181308/caeneus-minerals-completes-phase-one-drilling-at-lida-valley Caeneus Minerals (ASX:CAD) has completed drilling two holes at its Lida Valley Lithium Brine Project located in the U.S. state of Nevada.

Assays have been gathered and sent to the lab with results expected within three weeks.

The drilling at the Scotty's South Lithium Brine Project has re-commenced following delays from unstable conditions and drilling is expected to take a further two weeks.

Caeneus’ portfolio of lithium projects in the U.S. state of Nevada includes:

- Muddy Mountain (lithium clay);
- Lida Valley (lithium brine);
- Scotty’s South (lithium brine);
- Columbus Marsh (lithium brine); and
- New King (lithium clay).

The drilling equipment from Lida Valley is ready to be moved to the Columbus Marsh Lithium Brine Project to commence the work program there.

The gravity program completed at Columbus Marsh confirms simple and broad gravity suggesting a deep basement with a large amount of sedimentary basin cover with the potential to host lithium brines.

Drilling will test stratigraphy and nature of groundwater with follow up refinement of further drill targets.

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Mon, 24 Jul 2017 11:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/181308/caeneus-minerals-completes-phase-one-drilling-at-lida-valley
<![CDATA[News - Caeneus Minerals hunting nickel alongside US lithium portfolio ]]> http://www.proactiveinvestors.com.au/companies/news/181253/caeneus-minerals-hunting-nickel-alongside-us-lithium-portfolio-181253.html Caeneus Minerals (ASX:CAD) continues to advance dual exploration programs targeting lithium in the U.S. state of Nevada and nickel in Pilbara region of Western Australia

At the Pardoo Nickel Project in Western Australia, Caeneus remains confident that the presence of the Highway deposit indicates the nearby presence of more substantial, higher grade mineralisation.

The Highway deposit measures 44.7 million tonnes at 0.3% nickel and 0.13% copper.

The initial low-grade Highway nickel-copper deposit was revealed by airborne geophysics and it was believed that other mineralisation might be similarly located.

Eight priority-one drill targets

Following the reinterpretation of existing geophysical and drilling surveys, 16 drill targets have recently been identified, eight of which are considered priority-one targets.

It is proposed that the eight defined priority-one anomalies will be assessed by drilling in the latter half of 2017.

This drilling will be reverse circulation and down to depths ranging from 100 to 300 meters for a total of 1,300 meters.

Access tracks will be required to be bulldozed to each of the anomaly sites over a total distance of circa 10 kilometres.

Gold potential

Although the Pardoo Project is considered to be most prospective for nickel-copper it is also considered prospective for volcanogenic base metals and gold.

All intervals of bedrock intersected will therefore be assayed for a suite of base and precious metals.

U.S. lithium projects

Caeneus’ portfolio of lithium projects in the U.S. state of Nevada includes:

- Muddy Mountain (lithium clay);
- Lida Valley (lithium brine);
- Scotty’s South (lithium brine);
- Columbus Marsh (lithium brine); and
- New King (lithium clay).

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Fri, 21 Jul 2017 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/181253/caeneus-minerals-hunting-nickel-alongside-us-lithium-portfolio-181253.html
<![CDATA[News - Caeneus Minerals commences more lithium drilling ]]> http://www.proactiveinvestors.com.au/companies/news/179768/caeneus-minerals-commences-more-lithium-drilling-179768.html Caeneus Minerals (ASX:CAD) has commenced its maiden lithium drilling program at the Scotty’s South Lithium Brine Project located in the U.S. state of Nevada.

The company has a portfolio of five lithium brine and lithium clay projects in Nevada that includes: Lida Valley, Scotty’s South, Columbus Marsh, Muddy Mountain and New King.

The first project to be drilled was Lida Valley, where drilling got underway during mid-June meaning there are currently two projects being drilled.

The next project to be drilled will be Columbus Marsh.

Lida Valley, Scotty’s South and Columbus Marsh are all lithium brine projects, which are typically located in salt flats and have a number of advantages over hard rock lithium projects.

Brine is also a liquid which means that drilling to find it is less energy intensive and once it is found the continuity is more straightforward.

Lithium brine deposits are usually found close to the surface resulting in fewer metres required to be drilled and lower early stage exploration costs.

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Mon, 26 Jun 2017 09:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/179768/caeneus-minerals-commences-more-lithium-drilling-179768.html
<![CDATA[News - Caeneus Minerals gets lithium drilling underway in Nevada ]]> http://www.proactiveinvestors.com.au/companies/news/179194/caeneus-minerals-gets-lithium-drilling-underway-in-nevada-179194.html Caeneus Minerals (ASX:CAD) has commenced drilling at its Lida Valley Lithium Brine Project located in the U.S. state of Nevada.

Furthermore, drilling is preparing to commence at the Scotty’s South Lithium Brine Project, also located in Nevada.

Drilling is also advancing at the Columbus Marsh Lithium Brine Project where the ground disturbance permit and necessary water rights waiver have now been received.

The maiden drilling program at the Columbus Marsh project is expected to commence following the evaluation of results from the Scotty’s South and Lida Valley drilling campaigns.

During April, Caeneus raised $1.1 million through the placement of 440 million shares priced at $0.0025 each.

Shares were placed with professional and sophisticated investors and came with a 1:2 attaching option exercisable at $0.003 expiring on 31 December 2020.

Funds raised will be directed towards Caeneus’s maiden drilling programs at the Scotty’s South, Lida Valley and Columbus Marsh lithium brine projects.

Nevada is host to the only brine based producing lithium operation in North America.

The state is also now well known as being home to Tesla Inc’s (NASDAQ:TSLA) $5 billion lithium-ion battery Gigafactory, and the soon to be built Faraday Future $1 billion electric car plant.

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Wed, 14 Jun 2017 14:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/179194/caeneus-minerals-gets-lithium-drilling-underway-in-nevada-179194.html
<![CDATA[News - Caeneus Minerals outlines lithium brine drilling in Nevada ]]> http://www.proactiveinvestors.com.au/companies/news/177347/caeneus-minerals-outlines-lithium-brine-drilling-in-nevada-177347.html Caeneus Minerals (ASX:CAD) has rescheduled drilling, which is targeting its Nevada based lithium brine projects, to commence 22 May, 2017.

The first project to be drilled will be Scotty’s South, which will be followed by Lida Valley and Columbus.

The delay in commencement of drilling is due to the requirement for additional permitting by the State of Nevada and Nevada Bureau of Land Management.

On completion of bird surveys scheduled for 20 May 2017, a notice of intent to drill is to be lodged and the final trail construction to be completed.

Steven Elliot, managing director, commented: “Our understanding of the potential for brines and their host sediments at our projects has improved markedly through the last 12 months.”


U.S. lithium projects

Caeneus’ portfolio of lithium projects in the U.S. state of Nevada includes:

- Muddy Mountain (lithium clay);
- Lida Valley (lithium brine);
- Scotty’s South (lithium brine);
- Columbus Marsh (lithium brine); and
- New King (lithium clay).


Recent Nevada site visit

Elliot alongside chairman Keith Bowker recently flew to Nevada where they conducted an investor site visit as well as conducted meetings with the field teams.

While there, they toured the company’s brine projects and demonstrated Nevada’s unrivalled potential for lithium, showing Nevada as host of the only brine based producing lithium operation in North America.

Nevada is also now well known as being home to Tesla Inc’s (NASDAQ:TSLA) $5 billion lithium-ion battery Gigafactory, and the soon to be built Faraday Future $1 billion electric car plant.


The cost advantage of lithium brine

Lithium brine deposits are typically located in salt flats which are flat, arid, and barren areas making logistics simpler.

Brine is also a liquid which means that drilling to find it is less energy intensive and once it is found the continuity is more straightforward.

Lithium brine deposits are usually found close to the surface resulting in less metres required to be drilled and lower early stage exploration costs.

Once a deposit is discovered, advanced exploration and development can also be more economically efficient:

- Permitting is usually faster;
- Resource expansion requires fewer drilling metres;
- Environmental studies can be less intensive and time consuming; and
- Required capex can be substantially lower.


Funding secured

Caeneus recently raised $1.1 million through the placement of 440 million shares priced at $0.0025 each.

Shares were placed with professional and sophisticated investors and camewith a 1:2 attaching option exercisable at $0.003 expiring on 31 December 2020.

Funds raised will be directed towards Caeneus’s maiden drilling program at the Scotty’s South, Lida Valley and Columbus Marsh lithium brine projects located in Nevada.

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Fri, 05 May 2017 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/177347/caeneus-minerals-outlines-lithium-brine-drilling-in-nevada-177347.html
<![CDATA[News - Caeneus Minerals collects cash for maiden lithium drilling ]]> http://www.proactiveinvestors.com.au/companies/news/176478/caeneus-minerals-collects-cash-for-maiden-lithium-drilling-176478.html Caeneus Minerals (ASX:CAD) has raised $1.1 million through the placement of 440 million shares priced at $0.0025 each.

Shares were placed with professional and sophisticated investors and shares come with a 1:2 attaching option exercisable at $0.003 expiring on 31 December 2020.

Funds raised will be directed towards Caeneus’s maiden drilling program at the Scotty’s South, Lida Valley and Columbus Marsh lithium brine projects located in the U.S. state of Nevada.

Drilling is scheduled to commence early this week subject to obtaining the necessary permits.

Recently, Iconic Minerals (TSXV:ICM) had success at its Bonnie Claire lithium project, which immediately abuts the company’s exploration projects to the north.


U.S. lithium projects

Caeneus’ portfolio of lithium projects in the U.S. state of Nevada includes:

- Muddy Mountain (lithium clay);
- Lida Valley (lithium brine);
- Scotty’s South (lithium brine);
- Columbus Marsh (lithium brine); and
- New King (lithium clay).


The cost advantage of lithium brine

Lithium brine deposits are typically located in salt flats which are flat, arid, and barren areas making logistics simpler.

Brine is also a liquid which means that drilling to find it is less energy intensive and once it is found the continuity is more straightforward.

Lithium brine deposits are usually found close to the surface resulting in less metres required to be drilled and lower early stage exploration costs.

Once a deposit is discovered, advanced exploration and development can also be more economically efficient:

- Permitting is usually faster;
- Resource expansion requires fewer drilling metres;
- Environmental studies can be less intensive and time consuming; and
- Required capex can be substantially lower.

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Tue, 18 Apr 2017 09:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176478/caeneus-minerals-collects-cash-for-maiden-lithium-drilling-176478.html
<![CDATA[News - Caeneus Minerals to lift funds for lithium exploration ]]> http://www.proactiveinvestors.com.au/companies/news/176334/caeneus-minerals-to-lift-funds-for-lithium-exploration-176334.html Caeneus Minerals (ASX:CAD) has been granted a trading halt by the ASX, pending details of a capital raising.

Caeneus has a focus on exploration of its highly prospective lithium brine exploration projects in Nevada.

The halt will remain in place until the opening of trade on Tuesday 18th April 2017, or earlier if an announcement is made to the market.

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Wed, 12 Apr 2017 09:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176334/caeneus-minerals-to-lift-funds-for-lithium-exploration-176334.html
<![CDATA[News - Caeneus Minerals to drill for lithium in April ]]> http://www.proactiveinvestors.com.au/companies/news/175408/caeneus-minerals-to-drill-for-lithium-in-april-175408.html Caeneus Minerals (ASX:CAD) has a focus on exploration of its highly prospective lithium brine exploration projects, which are located in Nevada, U.S.

Caeneus has provided an update of a slight delay in completion of technical programs due to unusually wet conditions.


Prospectivity

The gravity program completed at Columbus Marsh confirms simple and broad gravity suggesting a deep basement with a large amount of sedimentary basin cover with the potential to host lithium brines.

The CSAMT results shows a very conductive, homogenous layer for several kilometres below the surface.

Caeneus said that this may be the result of very saturated and conductive clays on surface or truly homogenous and conductive layers in the subsurface.


Next steps

The company added that given the continued encouraging data being encountered and further validation from neighbouring work, they have decided to evaluate and drill all three brine projects in sequence for the Phase One Drilling Program.

Drilling is scheduled to commence on the 17th April 2017.

Recently, Iconic Minerals (TSXV:ICM) had success at its Bonnie Claire lithium project, which immediately abuts the company’s claims to the north.

Iconic Minerals has demonstrated strong recoveries associated with the ability to leach lithium from sediments at Bonnie Claire which may represent a new method of commercial lithium extraction.


U.S. lithium projects

Caeneus’ portfolio of lithium and nickel projects in the U.S. state of Nevada includes:

- Muddy Mountain (lithium clay);
- Lida Valley (lithium brine);
- Scotty’s South (lithium brine);
- Columbus Marsh (lithium brine); and
- New King (lithium clay).

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Mon, 27 Mar 2017 10:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/175408/caeneus-minerals-to-drill-for-lithium-in-april-175408.html
<![CDATA[News - Caeneus Minerals gets busy with lithium exploration in Nevada ]]> http://www.proactiveinvestors.com.au/companies/news/172958/caeneus-minerals-gets-busy-with-lithium-exploration-in-nevada-172958.html Caeneus Minerals (ASX:CAD) is advancing exploration at its lithium brine exploration projects in Nevada, U.S.

Nevada has many rocks with high lithium contents including the Horse Spring Formation, McDermitt Caldera and a variety of igneous rocks.

Caeneus has previous identified lithium targets from a survey at its wholly-owned Scotty’s South lithium brine project.

A local gravity program is now underway at the project to integrate with highly encouraging geophysical data from recent MT geophysical program.

Across at the Columbus Marsh Lithium Brine Project, Caeneus is preparing for a MT and gravity program to commence to best determine prospectively ahead of maiden drill program.

The company said that it anticipates that given its current cash position it may strategically choose to evaluate one, two, or all projects to explore within the first round of drilling.

This will result in economies of scale for mobilisation and technical consultants.

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Fri, 10 Feb 2017 13:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/172958/caeneus-minerals-gets-busy-with-lithium-exploration-in-nevada-172958.html
<![CDATA[News - Caeneus Minerals finds lithium targets in Nevada ]]> http://www.proactiveinvestors.com.au/companies/news/172265/caeneus-minerals-finds-lithium-targets-in-nevada-172265.html Caeneus Minerals (ASX:CAD) has identified lithium targets from a survey at its 100% owned Scotty’s South lithium brine project in the U.S. state of Nevada.

Analysis of the recent magnetotelluric survey has defined a long tabular layer of low resistivity coupled by a series of large ovoid blobs and a very low resistivity anomaly to the east of the claims.

This area is interpreted to have significant potential to host conducive lithium-rich brine aquifers or saturated clays, or both.
Gravity work is now being expedited to integrate with this encouraging geophysical data.

Recently, Iconic Minerals (TSXV: ICM) had success at its Bonnie Claire lithium project, which immediately abuts the company’s claims to the north.

Iconic Minerals has demonstrated strong recoveries associated with the ability to leach lithium from sediments at Bonnie Claire which may represent a new method of commercial lithium extraction.


U.S. lithium projects

Caeneus’ portfolio of lithium and nickel projects in the U.S. state of Nevada includes:

- Muddy Mountain (lithium clay);
- Lida Valley (lithium brine);
- Scotty’s South (lithium brine);
- Columbus Marsh (lithium brine); and
- New King (lithium clay).

Caeneus believes that lithium brines, as opposed to hard rock, is the future for the metal as it costs circa half to produce than from hard rock pegmatites.

Because of its geology and hydrology Australia has little potential for lithium brines, whereas Nevada is already home to the Tesla Gigafactory and one of the world’s largest lithium producers - Albermarle Corporation LLC (NYSE:ALB).

Nevada has many rocks with high lithium contents including the Horse Spring Formation, McDermitt Caldera and a variety of igneous rocks.

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Fri, 27 Jan 2017 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/172265/caeneus-minerals-finds-lithium-targets-in-nevada-172265.html
<![CDATA[News - Caeneus Minerals raises funds for lithium in Canada ]]> http://www.proactiveinvestors.com.au/companies/news/171377/caeneus-minerals-raises-funds-for-lithium-in-canada-171377.html Caeneus Minerals (ASX:CAD) has raised circa $1.05 million from a placement to sophisticated and institutional investors.

The placement was conducted at $0.001 per share with a 1 for 1 free attaching unlisted option exercisable at $0.003 expiring on or before 31 December 2020.

Funds will be allocated to the company's lithium focused strategy in the U.S.

Caeneus has five lithium projects in the U.S. state of Nevada and during December grades of up to 5.6% lithium carbonate equivalent were sampled from the Muddy Mountain Lithium Clay Project in Nevada.

Assays confirmed extensive lithium mineralisation across exposed sections sampled along the 7 kilometre extent of the project.

The elevated lithium results across the project area exhibit the potential for a large, near surface deposit.


U.S. lithium projects

Caeneus’ portfolio of lithium and nickel projects in the U.S. state of Nevada includes:

- Muddy Mountain (lithium clay);
- Lida Valley (lithium brine);
- Scotty’s South (lithium brine);
- Columbus Marsh (lithium brine); and
- New King (lithium clay);

The New King lithium clay project was acquired recently in October and options over the Scotty’s South and Columbus projects were acquired in July 2016.

The Muddy Mountain project is situated 50 kilometres northeast of Las Vegas and covers 2,542 acres.

Caeneus’ goal at Muddy Mountain is to target a district scale multi-million tonne resource grading in the range of 0.3% to 0.5% lithium.

Significant past producers of borate are situated immediately adjacent to the Muddy Mountain claims.


The benefits of Nevada

Caeneus believes that lithium brines, as opposed to hard rock, is the future for the metal as it costs circa half to produce than from hard rock pegmatites.

Because of its geology and hydrology Australia has little potential for lithium brines, whereas Nevada is already home to the Tesla Gigafactory and one of the world’s largest lithium producers - Albermarle Corporation LLC (NYSE:ALB).

Nevada has many rocks with high lithium contents including the Horse Spring Formation, McDermitt Caldera and a variety of igneous rocks.

The state has good, established infrastructure with power and transport passing close to each of the company’s projects.

Nevada has very low sovereign risk which positions it favourably compared to other major lithium producing jurisdictions such as Bolivia, Chile, Argentina and China.

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Tue, 10 Jan 2017 13:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/171377/caeneus-minerals-raises-funds-for-lithium-in-canada-171377.html
<![CDATA[News - Caeneus Minerals gets ready to raise for Nevada lithium ]]> http://www.proactiveinvestors.com.au/companies/news/171232/caeneus-minerals-gets-ready-to-raise-for-nevada-lithium-171232.html The halt will remain in place until the opening of trade on Tuesday 10th January 2017, or earlier if an announcement is made to the market.

Caeneus has sampled grades of up to 5.6% lithium carbonate equivalent at its Muddy Mountain Lithium Clay Project in Nevada, U.S.

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Fri, 06 Jan 2017 08:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/171232/caeneus-minerals-gets-ready-to-raise-for-nevada-lithium-171232.html
<![CDATA[News - Caeneus Minerals eyes large lithium clay deposit in Nevada ]]> http://www.proactiveinvestors.com.au/companies/news/170899/caeneus-minerals-eyes-large-lithium-clay-deposit-in-nevada-170899.html Caeneus Minerals (ASX:CAD) has sampled grades of up to 5.6% lithium carbonate equivalent at its Muddy Mountain Lithium Clay Project in Nevada, U.S.

Assays confirm extensive lithium mineralisation across exposed sections sampled along the 7 kilometre extent of the project.

The elevated lithium results across the project area exhibit the potential for a large, near surface deposit.

Potential exists for an increase in grade as mineralisation dips below weathered surfaces.

A large area remains unsampled and highly mineralised areas remain open leaving potential for further extensions to current findings.

A follow-up review of the area is being planned to determine the potential for a higher-grade zone.


Sampling results

A total of 118 samples were collected grading up to 1060 ppm lithium or 5,639 ppm lithium carbonate equivalent (LCE).

27 samples assayed greater than 700 ppm lithium, with 5 samples greater than 1,000 ppm lithium.

Sampled interval lengths averaged 1.8 metres, representing realistic grade intervals designed to avoid misleading higher grade spot sample results.

Representative sections display semi-continuous to continuous interval composite grades greater than 800 ppm lithium or 4,256 ppm LCE across widths reaching 13 metres for individual claystone, siltstone and other carbonaceous sediment beds.

The most prominent section averaged 830 ppm lithium or 4,415 ppm LCE across 12.4 metres true thickness.


Company history: Nickel with a renewed lithium focus

Caeneus initiated primarily as a nickel explorer in Western Australia but the company has more recently had a change in direction to exploration towards lithium.

The company believes that lithium is a commodity of the future with favourable supply-demand dynamics that will positively affect future prices.

The commodity first became relevant in 1991 when Sony commercialised the lithium-ion battery, used in many electronic devices such as smart phones and laptops.

A new wave is now set to hit the commodity as car manufacturers attempt to mass produce electric vehicles using a bigger, better version of the lithium-ion battery.

Furthermore, the future of lithium does not stop at electric vehicles and flows through to the renewable energy market.

The sun is not always shining, the wind is not always blowing, hence energy storage technology is integral to the emergence of renewable energy.

The price of lithium has been over US$20,000 per tonne for battery grade material in the Chinese spot market.

Price rises throughout 2015 and 2016 were due to demand for the commodity being higher than supply.


Lithium and nickel projects

Caeneus has a portfolio of lithium and nickel projects across the U.S. state of Nevada and Western Australia:

- Muddy Mountain (lithium, Nevada);
- Lida Valley (lithium, Nevada);
- Scotty’s South (lithium, Nevada);
- Columbus Marsh (lithium, Nevada);
- New King (lithium, Nevada);
- Mt Dockrell (lithium, Western Australia);
- Pardoo (nickel, Western Australia); and
- Supernova (nickel, Western Australia).

These projects cover the full gamut of possible lithium mineralisations including pegmatite (Mt Dockrel), lithium brine (Lida Valley, Scotty’s South, Columbus), and lithium clay (Muddy Mountain, New King).

The New King lithium clay project was acquired recently in October and options over the Scotty’s South and Columbus projects were acquired in July 2016.


Muddy Mountain

The Muddy Mountain project is situated 50 kilometres northeast of Las Vegas and covers 2,542 acres.

This project contains a strike length of circa 7 kilometres of the Tertiary Horse Spring Formation which is known to contain anomalous lithium in clays grading up to 5,000 ppm lithium.

Caeneus’ goal is to target a district scale multi-million tonne resource grading in the range of 0.3% to 0.5% lithium.

Significant past producers of borate are situated immediately adjacent to the Muddy Mountain claims.


The benefits of Nevada

Caeneus believes that lithium brines, as opposed to hard rock, is the future for the metal as it costs circa half to produce than from hard rock pegmatites.

Because of its geology and hydrology Australia has little potential for lithium brines, whereas Nevada is already home to the Tesla Gigafactory and one of the world’s largest lithium producers - Albermarle Corporation LLC (NYSE:ALB).

Nevada has many rocks with high lithium contents including the Horse Spring Formation, McDermitt Caldera and a variety of igneous rocks.

The state has good, established infrastructure with power and transport passing close to each of the company’s projects.

Nevada has very low sovereign risk which positions it favourably compared to other major lithium producing jurisdictions such as Bolivia, Chile, Argentina and China.


Analysis

Results from the 2016 field program are encouraging and prove the potential of the Horse Spring Formation within the Muddy Mountain project to host a possibly lithium deposit.

The project has potential to produce a large tonnage lithium deposit similar to the nearby Kings Valley Project of Lithium Americas Corp (TSE:LAC) and Mexico’s Sonora Lithium Project of Bacanora Minerals Ltd (CVE:BCN).

Additionally, the Muddy Mountain project may also contain considerable mineable borate.

Collectively the board of directors has in excess of 70 years experience in the resources sector and Steven Elliot, managing director, has been accredited with and been involved in many mineral discoveries including platinum, gold, copper, vermiculite and china clay.

With six lithium projects and two nickel projects, Caeneus has the potential to be exposed to exploration news flow on multiple fronts.

During the September quarter the company successfully raised $1.2 million through a share placement.

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Fri, 23 Dec 2016 08:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170899/caeneus-minerals-eyes-large-lithium-clay-deposit-in-nevada-170899.html
<![CDATA[News - Caeneus Minerals is the ASX Volume Leader late in the trading session ]]> http://www.proactiveinvestors.com.au/companies/news/168665/caeneus-minerals-is-the-asx-volume-leader-late-in-the-trading-session-168665.html  

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Tue, 08 Nov 2016 17:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168665/caeneus-minerals-is-the-asx-volume-leader-late-in-the-trading-session-168665.html
<![CDATA[News - Caeneus Minerals adds new lithium project to Nevada portfolio ]]> http://www.proactiveinvestors.com.au/companies/news/167461/caeneus-minerals-adds-new-lithium-project-to-nevada-portfolio-167461.html New King comprises an area of about 250 contiguous placer mineral claim blocks totalling circa 5,000 acres within Humboldt County, Nevada.

The total consideration for the transaction is 175 million shares in Caeneus, US$25,000 in cash and 140 million Caeneus options exercisable at $0.005 on or before 30 June 2021.

Additionally, Caeneus will need to pay deferred cash payments of US$95,000 and a 2% net smelter royalty on production from the project.

The New King project claims are situated on the immediate western and southern extensions of and in a similar geological setting to Lithium Americas Corp’s (TSE:LAC) Lithium Nevada Project.

The Lithium Nevada Project contains one of the largest undeveloped lithium deposits in North America with over 300 million tonnes at greater than 1.5% lithium carbonate equivalent.

New King is also of strategic relevance to the Tesla Gigafactory, located circa 350 kilometres by a sealed highway to the southwest.

Tesla and their partners are committed to $4-5 billion of investment in the Gigafactory until 2020.

Caeneus will target mineralisation consisting of layered beds of lithium-bearing clay-rich volcaniclastic sedimentary rocks at New King.

The company is planning to progress with the exploration program on its suite of Nevada lithium properties (two clay projects and three brine projects) over the remainder of this year.

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Mon, 17 Oct 2016 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/167461/caeneus-minerals-adds-new-lithium-project-to-nevada-portfolio-167461.html
<![CDATA[News - Caeneus Minerals Ltd starts sampling for lithium in Nevada ]]> http://www.proactiveinvestors.com.au/companies/news/166924/caeneus-minerals-ltd-starts-sampling-for-lithium-in-nevada-71356.html Caeneus Minerals Ltd (ASX:CAD) has commenced ground exploration sampling and sectional mapping programs at the Muddy Mountain Lithium Clay Project in Nevada, U.S.

The Muddy Mountain project is situated 50 kilometres northeast of Las Vegas and covers 2,542 acres.

Previous samples from the area have assayed as high as 5,000 ppm lithium.

Caeneus’ goal is to target a district scale multi-million tonne resource grading in the range of 0.3% to 0.5% lithium.

The new exploration program includes a two-person geological crew tasked to complete ground sampling along pre-defined traverses.

Extensive data will be collected and interpreted for the project area, and the results will be used for subsequent planning.

It is anticipated that the soil geochemistry will provide targets for follow up drilling evaluation for both lithium and boron.

Caeneus also holds the Lida Valley Lithium Brine Project situated within 40 kilometres of the Silver Peak Lithium Mine of Albermarle Corporation LLC (NYSE:ALB).

Caeneus’ share price has increased by 300% since April 2016, last trading at $0.004.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 05 Oct 2016 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/166924/caeneus-minerals-ltd-starts-sampling-for-lithium-in-nevada-71356.html
<![CDATA[News - Caeneus Minerals Ltd among ASX % Gainers intra-day ]]> http://www.proactiveinvestors.com.au/companies/news/166131/caeneus-minerals-ltd-among-asx-gainers-intra-day-71105.html Caeneus Minerals Ltd (ASX:CAD) among ASX % Gainers intra-day.

CompanyCodeLastChangeVolume Water Resources Group WRG $0.002 100% 2,750,000 Caeneus Minerals CAD $0.004 33.33% 8,832,784 Kneomedia KNM $0.012 33.33% 1,393,088 Wollongong Coal WLC $0.013 30% 570,000 Mount Burgess Mining MTB $0.013 30% 90,000 ITL LIMITED ITD $0.225 25% 140,192 Hawkley Oil & Gas HOG $0.005 25% 3,500 Hampton Hill Mining HHM $0.020 25% 20,000 Breaker Resources BRB $0.515 24.10% 1,529,179 Argosy Minerals AGY $0.026 23.81% 654,866

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 20 Sep 2016 12:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/166131/caeneus-minerals-ltd-among-asx-gainers-intra-day-71105.html
<![CDATA[News - Caeneus Minerals Ltd is Thursday's ASX Most Traded with 86 million ]]> http://www.proactiveinvestors.com.au/companies/news/133769/caeneus-minerals-ltd-is-thursdays-asx-most-traded-with-86-million-70109.html Thursday's ASX Volume Leaders at the close.

Company NameCodeLastChangeVolume Caeneus Minerals Ltd CAD $0.004 -20% 86,506,131 De Grey Mining Ltd DEG $0.003 -25% 80,871,333 Norwest Energy NL NWE $0.003 0% 64,362,031 Atlas Iron Ltd AGO $0.012 9.09% 60,956,319 Prospect Resources Ltd PSC $0.067 0% 50,567,796 Niuminco Group Ltd NIU $0.006 50% 40,668,563 Chapmans Ltd CHP $0.004 33.33% 38,990,660 Australian Vanadium Ltd AVL $0.019 5.56% 32,871,971 Golden Rim Resources Ltd GMR $0.011 0% 32,480,050 A1 Consolidated Gold Ltd AYC $0.028 3.70% 27,206,096

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 29 Jul 2016 08:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/133769/caeneus-minerals-ltd-is-thursdays-asx-most-traded-with-86-million-70109.html
<![CDATA[News - Caeneus Minerals Ltd is Tuesday's ASX Most Traded with 172 million ]]> http://www.proactiveinvestors.com.au/companies/news/133767/caeneus-minerals-ltd-is-tuesdays-asx-most-traded-with-172-million-69908.html Tuesday's ASX Volume Leaders at the close.

Company NameCodeLastChangeVolume Caeneus Minerals Ltd CAD $0.006 50% 172,162,715 Australian Vanadium Ltd AVL $0.015 15.39% 73,448,350 Prospect Resources Ltd PSC $0.071 18.33% 72,975,788 Red Sky Energy Ltd ROG $0.001 0% 69,930,549 Sundance Energy Australia Ltd SEA $0.140 33.33% 63,657,526 Marindi Metals Ltd MZN $0.015 -11.77% 60,604,224 De Grey Mining Ltd DEG $0.004 0% 59,658,710 Atlas Iron Ltd AGO $0.011 -8.33% 52,410,002 Lynas Corporation Ltd LYC $0.075 -10.71% 40,307,717 NSL Consolidated Ltd NSL $0.023 21.05% 32,417,364

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 20 Jul 2016 08:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/133767/caeneus-minerals-ltd-is-tuesdays-asx-most-traded-with-172-million-69908.html
<![CDATA[News - Caeneus Minerals Ltd expands Nevada lithium portfolio ]]> http://www.proactiveinvestors.com.au/companies/news/133765/caeneus-minerals-ltd-expands-nevada-lithium-portfolio-69894.html Caeneus Minerals Ltd (ASX:CAD) is continuing to expand its lithium portfolio in Nevada, U.S., by acquiring the Scotty’s South-Sarcobatus Flats and Columbus Marsh lithium brine projects.

The acquisitions come at a time when lithium activity in Nevada continues to heat up as Tesla’s Gigafactory draws closer to completion, making access to lithium land a premium.

Caeneus now holds lithium brine properties associated with gravity lows in three of the best emerging basins in Nevada: Lida Valley, Sarcobatus Flats and Columbus Marsh, as well as Muddy Mountains- a potential district scale hectorite lithium property.

Scotty’s South-Sarcobatus Flats Project is a dry lake region consisting of 200 claims totalling 4,000 acres of land.

Significantly, the profound gravity low in this region is the biggest discrete gravity low associated with a lithium enriched closed basin in Nevada.

The consideration for the project is 100 million Caeneus shares valued at $300,000 and 100 million options exercisable at $0.005 by June 2021.

The Columbus Marsh lithium brine project covers 4,200 acres located in a large closed basin in the lowest sump in the region.

The Columbus Salt Marsh is found to contain waters having relatively high lithium and potassium concentrations, probably derived from the leaching of tertiary rocks containing saline minerals.

The consideration payable for the Columbus Marsh acquisition is 60 million Caeneus shares valued at $180,000 and cash payments totalling $251,000 in four years.

CAD may not be done on the acquisition front as managing director Steve Elliot is currently flying to Nevada to assess and potentially stake more highly prospective ground.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 19 Jul 2016 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/133765/caeneus-minerals-ltd-expands-nevada-lithium-portfolio-69894.html
<![CDATA[News - Caeneus Minerals Ltd in cash raiser for lithium ]]> http://www.proactiveinvestors.com.au/companies/news/133763/caeneus-minerals-ltd-in-cash-raiser-for-lithium-69548.html Caeneus Minerals Ltd (ASX:CAD) has been granted a trading halt by the ASX, pending details in regards to a capital raising.

The halt will remain in place until the opening of trade on Monday 4th July 2016, or earlier if an announcement is made to the market.

The company recently completed a gravity survey at the Lida Valley Lithium Brine Project in Nevada, U.S.A., near Tesla’s (NASDAQ:TSLA) lithium gigafactory.

The gravity survey has confirmed the presence of a significant gravity low in the lease area.

On completion of the gravity interpretation, Caeneus is planning to commence a drill program in July.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 30 Jun 2016 16:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/133763/caeneus-minerals-ltd-in-cash-raiser-for-lithium-69548.html
<![CDATA[News - Caeneus Minerals Ltd completes gravity survey at U.S. lithium hotspot ]]> http://www.proactiveinvestors.com.au/companies/news/133761/caeneus-minerals-ltd-completes-gravity-survey-at-us-lithium-hotspot-69192.html Caeneus Minerals Ltd (ASX:CAD) has completed a ground-borne gravity survey at the Lida Valley Lithium Brine Project in Nevada, U.S.A., near Tesla’s (NASDAQ:TSLA) lithium gigafactory.

The gravity survey has confirmed the presence of a significant gravity low in the lease area.

Interestingly, gravity lows in this region typically indicate the presence of a sedimentary basin often containing evaporite sediments and lithium-bearing brines.

The deepest part of the basin is estimated to be more than 300 metres deep with a total volume in excess of 700 million cubic meters, much of which may contain lithium-rich brines.

On completion of the gravity interpretation, Caeneus is planning to commence a drill program in July.

In March, Caeneus had entered into an agreement with Nevada Metals to fully acquire the Lida Valley and Muddy Mountain lithium projects in West Nevada.

The Lida Valley project is situated 400 kilometres southeast of the US$5 Billion Tesla battery plant in Sparks, Nevada which is set to open in July.

At peak output in 2020, the factory is expected to produce 35 gigawatt-hours of battery capacity per year, which is more than the entire world's lithium ion battery production in 2013.

It is worth noting that the Lida Valley project is situated within 40 kilometres of Albermarle Corporation’s (NYSE:ALB) Silver Peak Lithium Mine, the only producing lithium mine in the U.S.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Tue, 14 Jun 2016 15:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/133761/caeneus-minerals-ltd-completes-gravity-survey-at-us-lithium-hotspot-69192.html
<![CDATA[News - Caeneus Minerals Ltd is Tuesday's ASX Most Traded with 248 million ]]> http://www.proactiveinvestors.com.au/companies/news/133758/caeneus-minerals-ltd-is-tuesdays-asx-most-traded-with-248-million-68791.html Tuesday's ASX Volume Leaders at the close.

Company NameCodeLastChangeVolume Caeneus Minerals Ltd CAD $0.003 0% 248,757,842 XPED Ltd XPE $0.088 7.32% 122,254,109 TV2U International Ltd TV2 $0.033 -13.16% 79,985,962 Mount Ridley Mines Ltd MRD $0.021 16.67% 66,718,410 De Grey Mining Ltd DEG $0.003 0% 52,114,497 88 Energy Ltd 88E $0.040 5.26% 36,511,019 Maximus Resources Ltd MXR $0.004 0% 35,808,075 Atlas Iron Ltd AGO $0.016 -5.88% 30,234,290 Qantas Airways Ltd QAN $3.100 -3.13% 27,570,488 Pioneer Resources Ltd PIO $0.035 -7.90% 24,762,330

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 25 May 2016 08:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/133758/caeneus-minerals-ltd-is-tuesdays-asx-most-traded-with-248-million-68791.html
<![CDATA[News - Caeneus Minerals Ltd completes due diligence on Nevada lithium acquisition ]]> http://www.proactiveinvestors.com.au/companies/news/133757/caeneus-minerals-ltd-completes-due-diligence-on-nevada-lithium-acquisition-68770.html Caeneus Minerals Ltd (ASX:CAD) has completed its due diligence for the acquisition of a private company owning the Muddy Mountain and Lida Valley lithium projects in West Nevada, United States.

The 2620 acres Lida Valley Lithium Brine Project is situated within 40 kilometres of the Silver Peak Lithium Mine of Albermarle Corporation LLC (NYSE:ALB), the only producing lithium mine in the United States.

Lida Valley is situated in a large evaporate valley of a similar size to the Silver Peak’s Clayton Valley lithium brine.

The Muddy Mountain Lithium Project, covering 2,542 acres, is situated 50 kilometres northeast of Las Vegas and is potentially a district-scale lithium clay concept.

This formation has previously reported lithium assays of up to 5,000ppm (0.5%) lithium derived from the contained mineral hectorite.

Inspection of the claims by Caeneus has shown that the Muddy Mountain claims have potential for discovery of lithium, likely in the range 0.3% to 0.5% lithium.

Caeneus is on the hunt for additional lithium properties in the region more acquisitions of properties are likely in the near future.

The Nevada region has recently received more attention as a region prospective for lithium.

During the March quarter, Caeneus completed a capital raising of $482,645 at $0.001 each.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 24 May 2016 11:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/133757/caeneus-minerals-ltd-completes-due-diligence-on-nevada-lithium-acquisition-68770.html
<![CDATA[News - Caeneus Minerals Ltd to explore near only U.S. producing lithium mine ]]> http://www.proactiveinvestors.com.au/companies/news/133755/caeneus-minerals-ltd-to-explore-near-only-us-producing-lithium-mine-68269.html Caeneus Minerals Ltd (ASX:CAD) is commencing a detailed ground gravity program at the Lida Valley Lithium Brine Project in Nevada, U.S., in May as part of the company’s due diligence process.

The Lida Valley Lithium Brine Project covers 2,620 acres and is situated within 40 kilometres of the Silver Peak Lithium Mine of Albermarle Corporation LLC (NYSE:ALB), the only producing lithium mine in the United States.

If the ground gravity program defines any significant structures crossing the basin, the company will commence a drilling program in an effort to intersect lithium-bearing brines.

The Lida Valley Project covers a sedimentary basin with a potential for lithium-bearing brines.

Along with the Lida Valley Project, exploration work will commence at the Muddy Mountains Project. This work will involve mapping and sampling of the lithium-bearing sediment prior to drill evaluation.

The Muddy Mountain Lithium Project, which encompasses approximately 2,542 acres, is situated 50 kilometres northeast of Las Vegas and is potentially a district-scale lithium clay concept.

In late March, Caeneus entered into an agreement with Nevada Metals to acquire a 100% interest in the Muddy Mountain and Lida Valley Lithium Projects in West Nevada.

Both the projects are situated near the US$5 Billion Tesla Motors ‘gigafactory’ in Sparks, Nevada which is currently under construction.

Tesla Motors is planning to start large scale production of lithium-ion battery cells in 2017 and has indicated that they intend to source their raw material requirements exclusively from North America.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 27 Apr 2016 09:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/133755/caeneus-minerals-ltd-to-explore-near-only-us-producing-lithium-mine-68269.html
<![CDATA[News - Caeneus Minerals Ltd is Friday's ASX Most Traded with 142 million ]]> http://www.proactiveinvestors.com.au/companies/news/133753/caeneus-minerals-ltd-is-fridays-asx-most-traded-with-142-million-67839.html Friday's ASX Volume Leaders at the close.

Company NameCodeLastChangeVolume Caeneus Minerals Ltd CAD $0.001 0% 142,452,577 Silver Mines Ltd SVL $0.001 0% 125,980,000 Australian Mines Ltd AUZ $0.026 8.33% 90,250,058 Mod Resources Ltd MOD $0.026 4% 55,618,067 Eden Energy Ltd EDE $0.110 23.60% 36,605,884 Locality Planning Energy Holdings Ltd LPE $0.038 15.15% 32,952,741 Monax Mining Ltd MOX $0.016 60% 28,775,730 LWP Technologies Ltd LWP $0.003 50% 21,521,325 88 Energy Ltd 88E $0.065 1.56% 20,709,854 Carnavale Resources Ltd CAV $0.010 11.11% 19,874,317

 

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Mon, 04 Apr 2016 08:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/133753/caeneus-minerals-ltd-is-fridays-asx-most-traded-with-142-million-67839.html
<![CDATA[News - Caeneus Minerals Ltd to reveal acquisition ]]> http://www.proactiveinvestors.com.au/companies/news/133751/caeneus-minerals-ltd-to-reveal-acquisition-67717.html Caeneus Minerals Ltd (ASX:CAD) is preparing to outline details regarding a proposed acquisition.

The ASX has granted the company a trading halt, with its shares placed in pre-open.

The halt will remain in place until the opening of trade on Wednesday 30th march 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 24 Mar 2016 16:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/133751/caeneus-minerals-ltd-to-reveal-acquisition-67717.html
<![CDATA[News - Caeneus Minerals among ASX % Gainers intra-day ]]> http://www.proactiveinvestors.com.au/companies/news/133749/caeneus-minerals-among-asx-gainers-intra-day-66262.html Friday's leading ASX % Gainers intra-day.

Company NameCodeLastChangeVolume Caeneus Minerals CAD $0.002 100% 300,000 Red Mountain Mining
RMX $0.003 50% 200,000 Magnum Gas & Power MPE $0.004 33.33% 250,000 Petratherm PTR $0.004 33.33% 1,400,000 The a2 Milk Company A2M $1.375 32.85% 30,007,530 Mayan Iron Corporation MYN $0.013 30% 150,000 Magnetic Resources MAU $0.070 27.27% 43,000 Activex AIV $0.010 25% 34,375 Barra Resources BAR $0.010 25% 390,000 Diatreme Resources DRX $0.012 20% 175,000


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 18 Dec 2015 12:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/133749/caeneus-minerals-among-asx-gainers-intra-day-66262.html
<![CDATA[News - Caeneus Minerals to reveal acquisition ]]> http://www.proactiveinvestors.com.au/companies/news/133747/caeneus-minerals-to-reveal-acquisition-62466.html Caeneus Minerals (ASX:CAD) is preparing to reveal details of an acquisition.

The ASX has granted the company a trading halt, with its shares placed in pre-open.

In the March quarterly the company said that it was continuing efforts in evaluating potential investment opportunities.

It said the aim was to acquire significant assets to compliment the company’s existing Supernova Project and Mt Davis tenements.

The halt will remain in place until the opening of trade on Friday 22nd May 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 20 May 2015 17:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/133747/caeneus-minerals-to-reveal-acquisition-62466.html
<![CDATA[News - Caeneus Minerals to provide update on acquisitions ]]> http://www.proactiveinvestors.com.au/companies/news/133745/caeneus-minerals-to-provide-update-on-acquisitions-56160.html Caeneus Minerals (ASX:CAD), formerly Matrix Metals, has been granted an ASX trading halt in relation to proposed asset acquisitions.

The halt will last until the earlier of the announcement being made or the start of trading on Friday, 11 July 2014.

Caeneus holds a number of exploration properties in Western Australia, namely the nickel-focused Supernova Project and Mt Davis Tenements.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 09 Jul 2014 13:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/133745/caeneus-minerals-to-provide-update-on-acquisitions-56160.html
<![CDATA[News - Matrix Metals launches into Albany Fraser belt with acquisition ]]> http://www.proactiveinvestors.com.au/companies/news/133742/matrix-metals-launches-into-albany-fraser-belt-with-acquisition-53352.html Matrix Metals (ASX: MRX) will move quickly to explore its newly acquired Super Nova Project that is located only 23 kilometres from the Nova-Bollinger nickel discoveries by Sirius Resources (ASX:SIR).

This follows the acquisition of private company Caeneus Minerals in 2013 that owns the Super Nova Project and Mt Davis gold tenements in Western Australia.

The Albany-Fraser Mobile Belt in Western Australia hosts the Fraser Complex, which has emerged as a new nickel province in Australia.

Completion of the transaction follows approval by shareholders on 25 February 2014, with a board restructure that will include Tony Sage as a non executive director among other appointments and a name change in progress to Caeneus Minerals.

It is the Super Nova Project that looks particularly intriguing as it is located on tenement E69/3066 located 125 kilometres east of the gold mining town of Norseman in Western Australia within the Albany-Fraser Mobile Belt.

Very little exploration has been carried out to date on the tenement; however Caeneus recently commenced field work with a geochemical soils program targeting magmatic nickel sulphides.

This early exploration revealed a multi-element soil anomaly centred over the area of the quarry where intrusive mafic rocks outcrop.

The program identified a positive area some 2 kilometres long and 300 metres wide with coincident nickel, copper, chromium and cobalt that warrants additional investigation.

So already there is some significant promise to the "new" Matrix Metals.

To be followed up by rock-chip sampling in the short term, to be followed with a combination of detailed magnetic, gravity and electromagnetic surveying to delineate subsurface primary sulphide mineralisation.

With the end game of this to define targets for drilling.

Matrix will also inherit the Mt Davis gold prospecting licences totalling 1,287 hectares near Leonora that were formerly held by Jupiter Mines and then Bligh Resources.

These are located about 6 kilometres southeast of the Tarmoola Gold Mine that has produced over 3 million ounces of gold and also run parallel to the northwest to southeast trending mafic units that host the Tarmoola Deposit.

So there is form in this region as well.  Capped at just $3 million, the reinvigorated Matrix Metals looks to have picked up assets on very reasonable terms that provide significant new upside potential and is one to watch as it edges closer to drill targets.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 04 Mar 2014 10:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/133742/matrix-metals-launches-into-albany-fraser-belt-with-acquisition-53352.html
<![CDATA[News - Matrix Metals in potential game changer acquisition ]]> http://www.proactiveinvestors.com.au/companies/news/133740/matrix-metals-in-potential-game-changer-acquisition-53336.html Matrix Metals (ASX: MRX) has completed the acquisition of private company Caeneus Minerals that owns the Super Nova Project and Mt Davis gold tenements in Western Australia.

Mt Davis comprises eight contiguous prospecting licences totalling 1,287 hectares near Leonora that were formerly held by Jupiter Mines and then Bligh Resources.

These are located about 6 kilometres southeast of the Tarmoola Gold Mine that has produced over 3 million ounces of gold and also run parallel to the northwest to southeast trending mafic units that host the Tarmoola Deposit.

P37/7803 surrounds (but does not include) the historic Grattan Well mining centre.

As part of the acquisition, Matrix will change its name to Caeneus Minerals and will restructure its board with two Caeneus representatives joining the board and one existing Matrix director resigning his position.

Matrix is also planning an active exploration program at the Super Nova Project in the Fraser Range.

Super Nova Project is located on tenement E69/3066 approximately 125 kilometres east of the gold mining town of Norseman and 23 kilometres from Sirius Resources’ (ASX: SIR) Nova-Bollinger deposits.

Caeneus has an option agreement with the right to acquire 100% of the legal and beneficial interest in the Super Nova Project through payment of A$65,000 on or before the expiry date of 14 April 2014.

Very little exploration has been carried out to date on the tenement; however Caeneus recently commenced field work with a geochemical soils program targeting magmatic nickel sulphides.

The east-west program comprised 150 samples with 100 metres spacing over 400 metres spaced lines.

This revealed a multi-element soil anomaly centred over the area of the quarry where intrusive mafic rocks outcrop. The program identified a positive area some 2 kilometres long and 300 metres wide with coincident nickel, copper, chromium and cobalt that warrants additional investigation.

Further work programs will include more detailed infill soil sampling and rock-chip sampling in the short term, to be followed with a combination of detailed magnetic, gravity and electromagnetic surveying to delineate subsurface primary sulphide mineralisation and provide more discrete targets for drilling.



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Mon, 03 Mar 2014 17:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/133740/matrix-metals-in-potential-game-changer-acquisition-53336.html
<![CDATA[News - Matrix Metals to divulge acquisition ]]> http://www.proactiveinvestors.com.au/companies/news/133738/matrix-metals-to-divulge-acquisition-51394.html Matrix Metals' (ASX: MRX) shares are in pre-open this afternoon following the Australian Stock Exchange granting the company a trading halt.

The halt was requested pending an acquisition by Matrix.

In its September quarterly 2013 Matrix said that is was actively pursuing new business opportunities in the mineral and energy sectors.

The halt will remain in place until the opening of trade on Friday 27th December 2013, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 23 Dec 2013 16:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/133738/matrix-metals-to-divulge-acquisition-51394.html
<![CDATA[News - Matrix Metals back on the ASX after three years suspension ]]> http://www.proactiveinvestors.com.au/companies/news/133736/matrix-metals-back-on-the-asx-after-three-years-suspension-24054.html Matrix Metals (ASX: MRX) has been reinstated to official quotation on the ASX after more than three years in suspension.

The company had its first full day of trading yesterday since it entered voluntary administration in November 2008.

Shares in Matrix closed yesterday at a 50% premium to the issue price of the company’s recent capital raising.

Matrix’s initial focus is on the evaluation and exploration of its Wee Macgregor Project in Queensland while actively pursuing new business opportunities in mining and energy.

It has been a long road back onto the ASX for Matrix, with proponents appointed in November 2010 to recapitalise the company.

These proponents were Tony Sage, as trustee of the EGAS Super Fund, Genmin Capital, controlled by Joe Ariti, BR Corporation, controlled by Jason Bontempo, and Marcello Cardaci as trustee of the MD Cardaci Family Trust.

Sage, Ariti and Bontempo were later appointed directors of the company.

Late in 2011 a recapitalisation and consolidation plan was put into effect, with the company’s shares consolidated on a 1:50 basis.

The company then successfully raised $2.15 million through a fully subscribed prospectus, under which 270 million shares and 40 million unlisted options had been issued.

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Thu, 12 Jan 2012 09:22:00 +1100 http://www.proactiveinvestors.com.au/companies/news/133736/matrix-metals-back-on-the-asx-after-three-years-suspension-24054.html