Caeneus Minerals Ltd (ASX: CAD) is an Australian-based mineral exploration and development company established for the purpose of acquiring a portfolio of highly prospective exploration projects or near term development projects in Australia.
Caeneus Minerals Ltd is targeting nickel sulphide deposits in Western Australia. The Company currently has one exploration project targeting nickel.
The SuperNova Project is situated within the Proterozoic Albany-Fraser Mobile Belt on the south-east margin of the Yilgarn Craton. The Belt hosts the Fraser Complex which is a series of layered mafic intrusions where recently a new nickel province has emerged following the discovery of the Nova-Bollinger deposits by Sirius Resources Ltd, just 23kms NNE of Supernova.
Other exploration projects owned by the Company include the Mt Davis tenements. Mt Davis comprises eight contiguous prospecting licences totalling 1287ha, formerly held by Jupiter Mines Ltd and then Bligh Resources Ltd.
The Leonora area has a long and rich gold mining history and the geology for the Mt Davis tenements has gold mineralisation associated with pyritic quartz veins in sheared mafic volcanics. The tenements are situated approximately 6km southeast of the Tarmoola Gold Mine that has produced over 3M oz of gold.