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Caeneus Minerals Ltd (ASX: CAD)

Caeneus Minerals (ASX: CAD) has commenced drilling at two of its five lithium projects, and is now well underway to confirming the presence of lithium in Nevada.

Nevada is the epicentre of the lithium-ion battery revolution, with CAD’s project well situated near Tesla’s Gigafactory 1, and Faraday Future’s proposed $1 billion electric car factory. 

CAD, which importantly has three lithium brine projects, is also just 40 kilometres from $12 billion Albemarle Corp.’s (NYSE: ALB) Silver Peak Lithium Mine, the only producing lithium mine in North America. 

Given results to date and its positioning, could there be plenty of space for this junior lithium explorer to really make its mark in this lithium hot spot?

Drilling has begun at CAD’s Scotty’s South and Lida Valley Projects and will be expanded in the near future.

Results are due shortly and news is expected to flow with a series of follow-up announcements anticipated over the coming months, which will be of particular interest to investors.

The information on this page should not be the only trigger for your investment decision. Click on the links below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.

So with its maiden drill programme now commenced at two of its Nevada lithium brine projects, this $17.4 million junior, with a handful of highly prospective projects, is well positioned to potentially capitalise on the rechargeable battery movement.

And with drilling to commence at its third project imminently, CAD is roaring ahead with its lithium ambitions.

Latest Article

CAD: Lithium Brine Drilling Underway in Lithium Hotspot Nevada

Caeneus Minerals’ (ASX: CAD) much awaited maiden drill programme has commenced at two of its Nevada lithium brine projects. Valued by the market at just $17.4 million, this lithium explorer with a handful of highly prospective projects is positioned in the heart and soul of the rechargeable battery and electric vehicle movement.

Jun 26, 2017 Continue Reading

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

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