Cassius Mining Limited released the exploration results from the initial rock sampling program in the company's Prospecting License (PL) 11921 at its wholly owned Chenene Lithium Project in Tanzania, including approved sampling from a small scale (14 hectare). Primary Mining License (PML), which is not part of but is fully enclosed by Cassius's large scale PL. SAMPLING: To date sampling has only taken place at Target 1 within the 300 km2 Chenene Project area.

A total of 63 rock-chip samples were collected in September/October 2022 from pegmatite outcrops. Focus was on the Dulu area in the west of PL 11921 where Lithium-bearing pegmatite is recorded on the Geological Survey map of the area, now being surface mined on a small scale with limited equipment, within the PML's enclosed by the Cassius PL. An outcrop at Nemazi 5-8 kms east of Dulu was also sampled.

The field team mapped and sampled several pegmatites (Fig 1), however two extensive parallel exposures at Dulu were closely reviewed, striking 97-110O with a 50-60O dip to the south: Dulu-1 LCT Pegmatite: followed for at least 950m with an approximate 3m surface width exposure; parallel to and ~160m south of the Dulu 2 pegmatite. Dulu-2 LCT Pegmatite: located on PML's and worked by artisanal miners on a small-scale; Lepidolite and Spodumene observed in a 3-4m wide internal zone in an ~8m wide pegmatite. PML's are only 0.14 km2 in area and fully enclosed by the Company's 115 km2 PL; Dulu 2 potentially extends along strike into the Cassius PL.

Mapped pegmatites at Nemazi hosted by gneiss outcrop 5-8 kms east of Dulu were sampled but the 17 samples tested to date do not contain anomalous levels of LCT mineralogy. Rock-chip samples were collected from locations within the pegmatites where accessible. Each sample is a composite sample comprised of several pieces of the rocks in the immediate vicinity, to give a ~2kg sample as representative as possible.

There was an effort to collect fresh samples to avoid material potentially affected by the loss of Lithium over time due to weathering. Where only surface oxidized material was present, samples were `cleaned' with a hammer to attempt to retain the freshest material. Each sample was tagged in-field with its unique ID number and placed in its own sealed bag, before being securely transported to the SGS laboratory in Mwanza, NW Tanzania where pulps were prepared.

The pulps were then sent via DHL to SGS Randfontein in South Africa, where the assays were conducted for Lithium, related elements and Rare Earth Elements (REE's). Assay results of the Dulu-1 and Dulu-2 pegmatites show good correlation of Lithium with Caesium and Tantalum, supporting that they belong to the LCT-class of pegmatites. Further Work: The company is now prioritising planning for its next exploration at Dulu to better delineate the two Dulu LCT pegmatites within PL 11921 by focussing on extensions `on strike' to the ESE and WNW, as well as possible additional local pegmatites.

This next exploration phase will likely include a combination of: trenching to identify and sample potential shallow sub-surface lateral extensions of both Dulu LCT pegmatites within PL 11921 to the ESE and WNW, and a soil survey to test for `pathfinder' elements (Li, Cs, Ta, Rb and Be) at Dulu to potentially locate extensions of Dulu-1 and Dulu-2 pegmatites to the ESE and WNW, along with trenching, as well as locating other pegmatites concealed immediately sub-surface as part of the same pegmatite system.