CAENEUS EXPANDS ITS NEVADA LITHIUM PORTFOLIO WITH TWO KEY...

CAENEUS EXPANDS ITS NEVADA LITHIUM PORTFOLIO WITH TWO KEY PROJECT ACQUISITIONS

Highlights
 Caeneus has entered a binding terms sheet with ATC Resources Pty Ltd to acquire a 100% interest
in the Scotty.s South . Sarcobatus Flats and Columbus Marsh lithium brine projects.
 The Scotty.s South . Sarcobatus Flats lithium brine project includes 200 claims and covers
approximately 4,000 acres in a premier location in the best emerging lithium basin outside of
Clayton Valley on an area gravity low. The profound gravity low is the biggest discrete gravity low
associated with a lithium enriched closed basin in Nevada.
 Scotty.s South source rocks in the Horse Springs Foundation, Esmeralda Formation, and all open
basins up to Clayton Valley. Streams flow in from all directions including the giant basin of the
Nellis Air Force Range (unable to be staked) immediately to the east.
 The Columbus Marsh lithium brine project includes 210 claims and covers approximately 4,200
acres primarily located in a large closed basin and in the lowest sump in the region.
 Columbus Marsh has large mature salina within the area surrounded by tertiary epithermal
systems. The source rocks include the Fish Lake Valley, a high profile project area, Rhodes Marsh,
extensive areas of Esmeralda Formation including the entire south-west slope of the basin and an
active geothermal system.
The Board of Caeneus is delighted to be able to expand its Nevada lithium portfolio at a time when
staking ground is extremely competitive.
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 strategically located in Nevada.s south-west.
Managing Director, Steve Elliott has departed for Nevada today until July 28 to assess and potentially
stake more highly prospective ground in an effort to position Caeneus as the largest ground holder in the
region.
Mr Elliott will also revisit the Lida Valley lithium brine project to plan the upcoming drilling program which
is expected in August. Further details of the drilling program will be released to the market when drilling​

commences.