8b2c1efc-e2de-4df9-8cf9-04f791c24403.pdf



ASX Announcement 30 March 2016


CAENEUS TO ACQUIRE NEVADA LITHIUM PROJECTS Highlights Caeneus Minerals Ltd

ACN 082 593 235

Australian Securities Exchange Code: CAD

Ordinary shares

2,413,226,117

Unlisted Options

19,500,000 (exercise price of $0.005; expiry date of 31 Dec 2016) 306,150,001 (exercise price of $0.03; expiry date of 27 Feb 2017) 550,457,309 (exercise price of $0.003; expiry date of 31 Dec 2020)

Board of Directors Mr Steven Elliott Mr Keith Bowker Mr Michael Nottas

  • Caeneus Minerals Ltd (ASX: CAD) enters into a binding Heads of Agreement with Nevada Metals to acquire a 100% interest in the Muddy Mountain and Lida Valley Lithium Projects in West Nevada, United States (ìthe Acquisitionî).
  • The Lida Valley Lithium Brine Project covers approximately 2,620 acres and is situated within 40km of the Silver Peak Lithium Mine of Albermarle Corporation LLC (NYSE: ALB), the only producing lithium mine in the United States.

  • The Muddy Mountain Lithium Project which encompasses approximately 2,542 acres is situated 50km northeast of Las Vegas and is potentially a ëdistrict-scaleí lithium clay concept.

  • Lida Valley and Muddy Mountain are situated near the US$5 Billion Tesla Motors ëGigafactoryí, which is currently under construction.

  • Tesla Motors are proposing to commence large scale production of lithium-ion battery cells in 2017, as well as Faraday Future Corporationsí Electric Car Plant, north of Las Vegas, with the US$1 Billion first stage currently awaiting final approvals.
  • Tesla Motors has previously indicated they intend to source their raw material requirements (potentially including Lithium, Cobalt and Graphite) exclusively from North America.
  • These lithium projects share geological similarities and are in close proximity to other regional lithium explorers and developers in Nevada such as Pure Energy Metals Corp (TSX-V: PE) and Lithium-X Corporation (TSX-V: LIX).

  • A Placement to sophisticated investors of $482,645 before costs has been completed to commence exploration work on the Muddy Mountain and Lida Valley Projects and to continue an active exploration program at the Pardoo Nickel Project.

  • The Company together with Canadian based Dahrouge Geological Consulting is assessing all information from both projects and is looking forward to commencing exploration and development activities at the earliest opportunity.

    The Board of Caeneus is delighted to be involved in such an exciting suite of lithium exploration properties in a highly prospective geological terrain where competition for ground has been intense close to the Silver Peak Lithium Mine and the proposed Telsa Motors ìGigafactoryî in Nevada.

    According to J. Dahrouge, P.Geol., who represents the vendors, ìGiven the outlook for lithium, both the Muddy Mountain and Lida Valley Projects offer a unique opportunity to follow up on the very encouraging lithium results reported by US Geological Survey. The potential at Muddy Mountain was clearly demonstrated by historic samples that show abundant lithium contents with greater than 1,000 ppm Lithium from the extensions of the Horse Spring Formation which lie just to the west of the propertyî.

    CAENEUS MINERALS LTD TO ACQUIRE PRIVATE COMPANY NEVADA METALS PTY LTD

    Caeneus Minerals Ltd (ìCaeneusî or ìthe Companyî) is pleased to announce that it has entered into a binding Heads of Agreement (ìHOAî) to acquire 100% of the issued shares of private company Nevada Metals Pty Ltd (ìNevada Metalsî) (ìAcquisitionî).


    The HOA, which remains subject to satisfaction of conditions precedent including completion of due diligence and shareholder and all necessary regulatory approvals.


    FIGURE 1: Muddy Mountain and Lida Valley Projects in West Nevada, United States showing location of the Tesla Motors Gigafactory and other lithium explorers and developers.


    Lida Valley Project


    The Lida Valley Project encompasses approximately 2,620 acres located in west-central Nevada, within 40km of the Silver Peak Lithium Mine of Albermarle Corporation (NYSE: ALB), the only producing lithium mine located within North America.


    The Lida Valley Project, like Silver Peakís Clayton Valley, is a significant regional Intermontane Basin with a drainage area of approximately 150km2, and is considered by Caeneus to be an ideal location for the development of lithium rich brine deposits. About two-thirds of the worldís lithium resources are within brines/salts. Capital and mining costs are typically far less in a brine deposit given the lithium can be extracted from a liquid.



    FIGURE 2: Lida Valley Project in West Nevada showing proximity to Montezuma Peak and the Silver Peak Mine.

    Montezuma Peak lies midway between Silver Peak Mine and the Lida Valley Project (Figure 2), and represents a potential source of the lithium within the region. Here, tertiary Rhyolites show strong lithium enrichment. At Lida Valley, the Playa Floor contains significant erosional remnants of a lithium-rich rhyolitic tuff.


    Historic exploration at Lida Valley identified gravity and resistivity anomaly(s) consistent with lithium rich brine deposits, including a gravity defined closed basin and conductive brine targets identified by resistivity survey(s) (Figure 3). Further ground gravity details significant depth of basin and mapping, indicating both a stratigraphic and structural setting favorable for lithium brine deposits.


    The Lida Valley Project is now potentially drill ready, with work scheduled to commence on the project immediately following settlement of the Acquisition.



    FIGURE 3: Lida Valley showing gravity targets and proximity to Jackson Walsh and Clayton Valley South.

    Muddy Mountain Project



    FIGURE 4: Muddy Mountain Project showing channel outline and sample locations.


    The Muddy Mountain Project encompasses approximately 2,542 acres located in southeast Nevada, about 50km northeast of Las Vegas.


    The Muddy Mountain Project is a potential high impact ëdistrict-scaleí lithium clay project. Lithium clay deposits (hectorites) display potentially cheaper operating costs compared to other hard rock projects such as pegmatites. Lithium clays are generally amenable to simple open-pit mining methods.


    The several kilometre trend within the Muddy Mountain Property (Figure 4) represents a world class exploration target, with strongly anomalous lithium and boron (up to 1,000ppm Li) encountered from previous sampling.


    An analogy to the Muddy Mountain Project may include the nearby Kings Valley Project of Western Lithium Corporation (TSX: WLC) - 27 Mt @ 3,950 ppm Li); and the Sonora Lithium Project of Bacanora Minerals Ltd (TSX-V: BCN - 60 Mt @ 3,000 ppm Li).


    The association of boron at the Muddy Mountain Project also suggests potential similarities to the world class Jadar Project, Serbia of Rio Tinto Group (125.3 Mt @ 1.8% LiO2, 12.9% B2O3).


    Both projects are located within close proximity to the US$5 Billion Tesla Motors Inc (ìTeslaî) ëGigafactoryí, which is currently under construction and proposed to go into large scale production of lithium-ion battery cells in 2017, as well as Faraday Future Corporationsí Electric Car Plant, north of Las Vegas, with the US$1 Billion first stage currently awaiting final approvals. Tesla has previously indicated they intend to source their raw material requirements (potentially including lithium, cobalt and graphite) exclusively from North America.


    Dahrouge Geological Consulting


    Exploration at the Lida Valley and Muddy Mountain Projects will be headed by Jody Dahrouge of Dahrouge Geological Consulting Ltd (ìDGCî) in conjunction with Steven Elliott. Jody Dahrouge, B.Sc., Sp.C., P. Geol., is a senior Geologist, founder and President of DGC and has worked on a variety of early stage through development projects worldwide. His experience includes coal, industrial minerals, rare metals, base and precious metals and uranium.

    Comparable Companies

    The projects share geological similarities and are in close proximity to other regional Lithium explorers and developers in Nevada as set out in Figure 5 and Table 1. This demonstrates (while direct comparisons are not possible due to different geological occurrences on the relevant exploration projects together with difference stages of exploration/development) that Caeneus is potentially undervalued compared to its peers.



    $140.00

    Market Capitalisation - Nevada Lithium Explorers/Developers


    $120.00

    $122.20


    Market Capitalisation (A$)

    $100.00


    $80.00


    Caeneus Minerals


    $60.00

    $54.67



    $40.00

    $39.60


    $20.00


    $0.00

    $15.98


    TSX: WLC

    TSX-V: PE

    TSX-V: LIX

    TSX-V: DJI

    ASX: CAD

    TSX-V: NEV

    TSX-V: ULI

    $7.20 $5.56$3.20


    Western Lithium

    Pure Energy

    Lithium-X

    Dajin Resources

    Caeneus

    Nevada Sunrise

    Ultra Lithium

    Metals

    Minerals


    FIGURE 5: Caeneus Minerals compared to other listed TSX-V explorers/developers.


    Company Name

    Exchange Code

    Project

    Market Capitalisation (A$m)

    Pure Energy Metals

    TSX-V: PE

    Clayon Valley South

    $54.67

    Western Lithium

    TSX: WLC

    Kings Valley

    $122.20

    Dajin Resources

    TSX-V: DJI

    Teels Marsh, Alkalai Lake

    $15.98

    Ultra Lithium

    TSX-V: ULI

    Big Smoky Valley

    $3.20

    Lithium-X

    TSX-V: LIX

    Clayon Valley North

    $39.60

    Nevada Sunrise

    TSX-V: NEV

    Neptune Lithium

    $5.56


    Caeneus Minerals


    ASX: CAD

    Lida Valley, Muddy Mountain


    $7.20


    TABLE 1: Caeneus Minerals compared to other listed TSX-V explorers/developers.

    Terms of the Heads of Agreement

    The vendor consideration payable by the Company to the Nevada Metals Vendors for the Acquisition is:


  • the issue of 600,000,000 fully paid ordinary shares (ìSharesî) at a deemed issue price of $0.001 per CAD Share plus 300,000,000 free attaching unlisted options exercisable at $0.003 on or before 31 December 2020 (ìOptionsî). These securities are to be issued at settlement, which is 5 business days from receipt of required shareholder approval.


    The Lida Valley Project consideration payable by the Company to DG Resources Management Ltd (ëDGRMí) in respect of the Nevada Mining Claims Acquisition is:


  • a non-refundable cash payment of CAD$32,500 to be made within 5 business days of the execution of the HOA and a further CAD$32,500 to be made within 14 days of receipt of required shareholder approval; and


  • the issue of 100,000,000 Shares at a deemed issue price of $0.001 per CAD share. These Shares are to be issued within 30 days of receipt of required shareholder approval.


    Deferred consideration:


  • the issue of 100,000,000 Shares at a deemed issue price of $0.001 per CAD share. These Shares are to be issued 12 months after receipt of required shareholder approval;


  • the issue of 75,000,000 Shares at a deemed issue price of $0.001 per CAD share. These Shares are to be issued 24 months after receipt of required shareholder approval; and


  • the grant of a 2% net smelter royalty on revenue generated by the Lida Valley Project mining claims after settlement, on terms to be agreed in a separate formal agreement.


    The Muddy Mountain Project consideration payable by the Company to DGRM in respect of the Nevada Mining Claims Acquisition is:


  • a non-refundable cash payment of CAD$37,500 to be made within 5 business days of the execution of the HOA and a further CAD$37,500 to be made within 14 days of receipt of required shareholder approval; and


  • the issue of 125,000,000 Shares at a deemed issue price of $0.001 per CAD share. These Shares are to be issued within 14 days of receipt of required shareholder approval.


    Deferred consideration:


  • a cash payment of CAD$75,000, 12 months after the date of settlement;


  • the issue of 125,000,000 Shares at a deemed issue price of $0.001 per CAD share. These Shares are to be issued 12 months after receipt of required shareholder approval; and


  • the issue of 125,000,000 Shares at a deemed issue price of $0.001 per CAD share. These Shares are to be issued 24 months after receipt of required shareholder approval.

Capital Raising


The Company requires additional funds for exploration work programs and other working capital requirements. The Company has raised $482,645 before costs via the issue of 482,645,223 Shares at $0.001 per CAD share with a 1 for 2 free attaching unlisted options exercisable at $0.003 on or before 31 December 2020 to sophisticated investors. The Shares have been issued under the Companyís remaining capacity under ASX Listing Rules 7.1 & 7.1A. The 241,322,611 free attaching unlisted options will be issued at a later date subject to shareholder approval.


Under a capital raising mandate the Company will pay capital raising costs of 6% plus will issue 200,000,000 unlisted options exercisable at $0.003 on or before 31 December 2020. The options will be issued after the receipt of required shareholder approval.


Capital Structure at Completion of Acquisition


On the basis that the Company completes the Acquisition on the terms set out above, the Companyís capital structure will be as follows:


Shares

Options

Currently on issue

1,930,580,894

876,107,3101

Issued to Nevada Metals Vendors

600,000,000

300,000,0002

Issued to DGRM

650,000,000

-

Completed capital raising

482,645,223

241,322,6112

Costs associated with capital raising

-

200,000,0002

Total

3,663,226,117

1,617,429,921


  1. 19,500,000 unlisted options exercisable at $0.005 on or before 31 December 2016, 306,150,001 unlisted options exercisable at $0.03 on or before 27 February 2017 and 550,457,309 unlisted options exercisable at $0.003 on or before 31 December 2020.

  2. 1,291,779,920 unlisted options exercisable at $0.003 on or before 31 December 2020.


    Pro Forma Balance Sheet


    The effect of the Acquisition on the financial position of the Company is set out in Annexure A.


    List of Nevada Mining Claims


    A list of all the Nevada Mining Claims forming part of the Acquisition is set out in Annexure B.


    Indicative Timetable


    The indicative timetable for completion of the Acquisition, and the balance of the matters set out above is set out below:


    Event

    Date

    Execution and announcement of HOA

    30 March 2016

    Despatch of Notice of Meeting to Shareholders

    Early-Mid April 2016

    General Meeting of Shareholders

    Mid May 2016

    Completion of the Acquisition

    Late May 2016


    * The above dates are indicative only and represent the current intentions of the Company. The above dates are subject to change.

    For and on behalf of the Board


    Keith Bowker

    Chairman/Company Secretary



    The information in this announcement that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Steven Elliott who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Elliott is a director of the Company. Mr Elliott has sufficient experience which is relevant to the style and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves. Mr Elliott consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears.

    ANNEXURE A ñ PRO FORMA BALANCE SHEET

    The audit reviewed balance sheet and the unaudited pro forma balance sheet for the Company as at 31 December 2015 have been prepared on the accounting policies normally adopted by the Company to reflect the changes to its financial position. The historical and pro forma financial information is presented in abbreviated form, insofar as it does not include all of the disclosures required by the Australian Accounting Standards applicable to financial reports. They have been prepared on the assumption that all of the shares and options proposed to be issued as part of the Acquisition are issued.


    The principal effect of the Acquisition will be to:


    1. increase cash reserves by $403,687 net of costs, following the successful capital raising via the issue of 482,645,223 fully paid ordinary shares at $0.001 per share with a 1 for 2 free attaching unlisted option exercisable at $0.003 on or before 31 December 2020;


    2. Decrease cash reserves by $215,000 following the cash payments to DGRM to acquire the Projects;


    3. Issue the securities to the Nevada Metal Vendors; and


    4. Issue the fully paid ordinary shares to DGRM.


      Note

      Audit Reviewed Un-Audited Actual Pro Forma

      31 December 2015 31 December 2015

      $ $

      CURRENT ASSETS

      Cash and cash equivalents

      1

      177,173 365,860

      Trade and other receivables

      172,992 172,992

      TOTAL CURRENT ASSETS

      350,165 538,852

      NON-CURRENT ASSETS

      Exploration and evaluation expenditure

      2

      1,194,453 2,929,453

      TOTAL NON-CURRENT ASSETS

      1,194,453 2,929,453

      TOTAL ASSETS

      1,544,618 3,468,305

      CURRENT LIABILITIES

      Trade and other payables

      197,337 197,337

      TOTAL CURRENT LIABILITIES

      197,337 197,337

      TOTAL LIABILITIES

      197,337 197,3337

      NET ASSETS

      1,347,281 3,270,968

      EQUITY

      Issued capital

      3

      75,219,254 76,872,941

      Reserves

      4

      339,943 609,943

      Accumulated losses

      (74,211,916) (74,211,916)

      TOTAL EQUITY

      1,347,281 3,270,968


      Note Audit Reviewed Actual Un-Audited Pro Forma



      1. Cash and cash equivalents
      2. 31 December 2015 $ 31 December 2015 $

        Balance ñ 31 December 2015 177,173 177,173

        Capital raising, net of costs (a) - 403,687 Cash payments to DGRM to acquire the Projects (b) - (215,000)

        177,173 365,860


        2. Exploration and evaluation expenditure

        Balance ñ 31 December 2015


        1,194,453


        1,194,453

        Issue of securities to the Nevada Metal Vendors

        (c)

        -

        870,000

        Issue of shares to DGRM

        (d)

        -

        650,000

        Cash payments to DGRM to acquire the Projects (b) - 215,000

        1,194,453 2,929,453


        3. Issued capital

        Balance ñ 31 December 2015 (1,930,580,894 shares)

        75,219,254

        75,219,254

        600,000,000 shares to Nevada Metal Vendors

        (c)

        -

        600,000

        650,000,000 shares to DGRM

        (d)

        -

        650,000

        482,645,223 shares for capital raising, net of costs (a) - 403,687

        75,219,254 76,872,941


        4. Reserves

        Balance ñ 31 December 2015


        339,943


        339,943

        300,000,000 unlisted options issued to Nevada Metal

        Vendors* (c) - 270,000

        339,943 609,943

        Options will be valued at the issue date and expensed over the life of the options.

        Claim Name/No

        Serial No

        Claimant

        MER

        TWN

        RANGE

        SEC

        SUBDIV

        CTY

        LOC DATE

        ANNEXURE B ñ NEVADA MINING CLAIMS



        LV 1

        NMC1117903

        ARIZONA LITHIUM COMPANY

        21 0060S

        0420E

        1 NE

        NV009

        12/21/2015

        LV 2

        NMC1117904

        ARIZONA LITHIUM COMPANY

        21 0060S

        0420E

        1 NE

        NV009

        12/21/2015

        LV 3

        NMC1117905

        ARIZONA LITHIUM COMPANY

        21 0060S

        0420E

        1 NE

        NV009

        12/21/2015

        LV 4

        NMC1117906

        ARIZONA LITHIUM COMPANY

        21 0060S

        0420E

        1 NE

        NV009

        12/21/2015

        LV 5

        NMC1117907

        ARIZONA LITHIUM COMPANY

        21 0060S

        0420E

        1 NE

        NV009

        12/21/2015

        LV 6

        NMC1117908

        ARIZONA LITHIUM COMPANY

        21 0060S

        0420E

        1 NE

        NV009

        12/21/2015

        LV 7

        NMC1117909

        ARIZONA LITHIUM COMPANY

        21 0060S

        0420E

        1 NE

        NV009

        12/21/2015

        LV 8

        NMC1117910

        ARIZONA LITHIUM COMPANY

        21 0060S

        0420E

        1 NE

        NV009

        12/21/2015

        LV 9

        NMC1117911

        ARIZONA LITHIUM COMPANY

        21 0060S

        0420E

        1 SE

        NV009

        12/21/2015

        LV 10

        NMC1117912

        ARIZONA LITHIUM COMPANY

        21 0060S

        0420E

        1 SE

        NV009

        12/21/2015

        LV 11

        NMC1117913

        ARIZONA LITHIUM COMPANY

        21 0060S

        0420E

        1 SE

        NV009

        12/21/2015

        LV 12

        NMC1117914

        ARIZONA LITHIUM COMPANY

        21 0060S

        0420E

        1 SE

        NV009

        12/21/2015

        LV 13

        NMC1117915

        ARIZONA LITHIUM COMPANY

        21 0060S

        0420E

        1 SE

        NV009

        12/21/2015

        LV 14

        NMC1117916

        ARIZONA LITHIUM COMPANY

        21 0060S

        0420E

        1 SE

        NV009

        12/21/2015

        LV 15

        NMC1117917

        ARIZONA LITHIUM COMPANY

        21 0060S

        0420E

        1 SE

        NV009

        12/21/2015

        LV 16

        NMC1117918

        ARIZONA LITHIUM COMPANY

        21 0060S

        0420E

        1 SE

        NV009

        12/21/2015

        LV 17

        NMC1117919

        ARIZONA LITHIUM COMPANY

        21 0060S

        0420E

        12 NE

        NV009

        12/21/2015

        LV 18

        NMC1117920

        ARIZONA LITHIUM COMPANY

        21 0060S

        0420E

        12 NE

        NV009

        12/21/2015

        LV 19

        NMC1117921

        ARIZONA LITHIUM COMPANY

        21 0060S

        0420E

        12 NE

        NV009

        12/21/2015

        LV 20

        NMC1117922

        ARIZONA LITHIUM COMPANY

        21 0060S

        0420E

        12 NE

        NV009

        12/21/2015

        LV 21

        NMC1117923

        ARIZONA LITHIUM COMPANY

        21 0060S

        0420E

        12 NE

        NV009

        12/21/2015

        LV 22

        NMC1117924

        ARIZONA LITHIUM COMPANY

        21 0060S

        0420E

        12 NE

        NV009

        12/21/2015

        LV 23

        NMC1117925

        ARIZONA LITHIUM COMPANY

        21 0060S

        0420E

        12 NE

        NV009

        12/21/2015

        LV 24

        NMC1117926

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 NW

        NV009

        12/21/2015

        LV 25

        NMC1117927

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 NW

        NV009

        12/21/2015

        LV 26

        NMC1117928

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 NW

        NV009

        12/21/2015

        LV 27

        NMC1117929

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 NW

        NV009

        12/21/2015

        LV 28

        NMC1117930

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 NE

        NV009

        12/21/2015

        LV 29

        NMC1117931

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 NE

        NV009

        12/21/2015

        LV 30

        NMC1117932

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 NE

        NV009

        12/21/2015

        LV 31

        NMC1117933

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 NE

        NV009

        12/21/2015

        LV 32

        NMC1117934

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        5 NW

        NV009

        12/21/2015

        LV 33

        NMC1117935

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        5 NW

        NV009

        12/21/2015

        LV 34

        NMC1117936

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        5 NW

        NV009

        12/21/2015

        LV 35

        NMC1117937

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        5 NW

        NV009

        12/21/2015

        LV 36

        NMC1117938

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 NW

        NV009

        12/21/2015

        LV 37

        NMC1117939

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 NW

        NV009

        12/21/2015

        LV 38

        NMC1117940

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 NW

        NV009

        12/21/2015

        LV 39

        NMC1117941

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 NW

        NV009

        12/21/2015

        LV 40

        NMC1117942

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 NE

        NV009

        12/21/2015

        LV 41

        NMC1117943

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 NE

        NV009

        12/21/2015

        LV 42

        NMC1117944

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 NE

        NV009

        12/21/2015

        LV 43

        NMC1117945

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 NE

        NV009

        12/21/2015

        LV 44

        NMC1117946

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        5 NW

        NV009

        12/21/2015

        LV 45

        NMC1117947

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        5 NW

        NV009

        12/21/2015

        LV 46

        NMC1117948

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        5 NW

        NV009

        12/21/2015

        LV 47

        NMC1117949

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        5 NW

        NV009

        12/21/2015

        LV 48

        NMC1117950

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 SW

        NV009

        12/21/2015

        LV 49

        NMC1117951

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 SW

        NV009

        12/21/2015

        LV 50

        NMC1117952

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 SW

        NV009

        12/21/2015

        LV 51

        NMC1117953

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 SW

        NV009

        12/21/2015

        LV 52

        NMC1117954

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 SE

        NV009

        12/21/2015

        LV 53

        NMC1117955

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 SE

        NV009

        12/21/2015

        LV 54

        NMC1117956

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 SE

        NV009

        12/21/2015

        LV 55

        NMC1117957

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 SE

        NV009

        12/21/2015

        LV 56

        NMC1117958

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        5 SW

        NV009

        12/21/2015

        LV 57

        NMC1117959

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        5 SW

        NV009

        12/21/2015


        LV 58

        NMC1117960

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        5 SW

        NV009

        12/21/2015

        LV 59

        NMC1117961

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        5 SW

        NV009

        12/21/2015

        LV 60

        NMC1117962

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 SW

        NV009

        12/21/2015

        LV 61

        NMC1117963

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 SW

        NV009

        12/22/2015

        LV 62

        NMC1117964

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 SW

        NV009

        12/22/2015

        LV 63

        NMC1117965

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 SW

        NV009

        12/22/2015

        LV 64

        NMC1117966

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 SE

        NV009

        12/22/2015

        LV 65

        NMC1117967

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 SE

        NV009

        12/22/2015

        LV 66

        NMC1117968

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 SE

        NV009

        12/22/2015

        LV 67

        NMC1117969

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        6 SE

        NV009

        12/22/2015

        LV 68

        NMC1117970

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        5 SW

        NV009

        12/22/2015

        LV 69

        NMC1117971

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        5 SW

        NV009

        12/22/2015

        LV 70

        NMC1117972

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        5 SW

        NV009

        12/22/2015

        LV 71

        NMC1117973

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        5 SW

        NV009

        12/22/2015

        LV 72

        NMC1117974

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        7 NW

        NV009

        12/22/2015

        LV 73

        NMC1117975

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        7 NW

        NV009

        12/22/2015

        LV 74

        NMC1117976

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        7 NW

        NV009

        12/22/2015

        LV 75

        NMC1117977

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        7 NW

        NV009

        12/22/2015

        LV 76

        NMC1117978

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        7 NE

        NV009

        12/22/2015

        LV 77

        NMC1117979

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        7 NE

        NV009

        12/22/2015

        LV 78

        NMC1117980

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        7 NE

        NV009

        12/22/2015

        LV 79

        NMC1117981

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        7 NE

        NV009

        12/22/2015

        LV 80

        NMC1117982

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        8 NW

        NV009

        12/22/2015

        LV 81

        NMC1117983

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        8 NW

        NV009

        12/22/2015

        LV 82

        NMC1117984

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        8 NW

        NV009

        12/22/2015

        LV 83

        NMC1117985

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        8 NW

        NV009

        12/22/2015

        LV 84

        NMC1117986

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        8 NE

        NV009

        12/22/2015

        LV 85

        NMC1117987

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        8 NE

        NV009

        12/22/2015

        LV 86

        NMC1117988

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        8 NE

        NV009

        12/22/2015

        LV 87

        NMC1117989

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        8 NE

        NV009

        12/22/2015

        LV 88

        NMC1117990

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        9 NW

        NV009

        12/22/2015

        LV 89

        NMC1117991

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        7 NW

        NV009

        12/22/2015

        LV 90

        NMC1117992

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        7 NW

        NV009

        12/22/2015

        LV 91

        NMC1117993

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        7 NW

        NV009

        12/22/2015

        LV 92

        NMC1117994

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        7 NW

        NV009

        12/22/2015

        LV 93

        NMC1117995

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        7 NE

        NV009

        12/22/2015

        LV 94

        NMC1117996

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        7 NE

        NV009

        12/22/2015

        LV 95

        NMC1117997

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        7 NE

        NV009

        12/22/2015

        LV 96

        NMC1117998

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        7 NE

        NV009

        12/22/2015

        LV 97

        NMC1117999

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        8 NW

        NV009

        12/22/2015

        LV 98

        NMC1118000

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        8 NW

        NV009

        12/22/2015

        LV 99

        NMC1118001

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        8 NW

        NV009

        12/22/2015

        LV 100

        NMC1118002

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        8 NW

        NV009

        12/22/2015

        LV 101

        NMC1118003

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        8 NE

        NV009

        12/22/2015

        LV 102

        NMC1118004

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        8 NE

        NV009

        12/22/2015

        LV 103

        NMC1118005

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        8 NE

        NV009

        12/22/2015

        LV 104

        NMC1118006

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        8 NE

        NV009

        12/22/2015

        LV 105

        NMC1118007

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        9 NW

        NV009

        12/22/2015

        LV 106

        NMC1118008

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        7 SW

        NV009

        12/22/2015

        LV 107

        NMC1118009

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        7 SW

        NV009

        12/22/2015

        LV 108

        NMC1118010

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        7 SE

        NV009

        12/22/2015

        LV 109

        NMC1118011

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        7 SE

        NV009

        12/22/2015

        LV 110

        NMC1118012

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        7 SE

        NV009

        12/22/2015

        LV 111

        NMC1118013

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        7 SE

        NV009

        12/22/2015

        LV 112

        NMC1118014

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        8 SW

        NV009

        12/22/2015

        LV 113

        NMC1118015

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        8 SW

        NV009

        12/22/2015

        LV 114

        NMC1118016

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        8 SW

        NV009

        12/22/2015

        LV 115

        NMC1118017

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        8 SW

        NV009

        12/22/2015

        LV 116

        NMC1118018

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        8 SE

        NV009

        12/22/2015

        LV 117

        NMC1118019

        ARIZONA LITHIUM COMPANY

        21 0060S

        0430E

        8 SE

        NV009

        12/22/2015

      Caeneus Minerals Ltd. issued this content on 30 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 April 2016 10:34:29 UTC

      Original Document: http://www.gtp.com.au/matrixmetals/inewsfiles/2016-03-30-ASX_Announcement-Acquisition_Nevada_Metals.pdf