Caeneus Minerals Ltd. announcde that its Phase 2 Reverse Circulation (RC) drilling program for the renewed evaluation of its wholly owned Pardoo Nickel Project has commenced. The new drilling program follows on from the highly successful Phase 1 drilling completed on 11 April this year, where the Company's drilling confirmed historical shallow and thick Ni-Co-Cu-Pd mineralisation outlined by CRA Exploration Pty Ltd. and Segue Resources in the late 1990's to early 2009. The Phase 2 RC program has been contracted to Impact Drilling Services of Perth, with over 30 new in-fill drill holes planned for completion.

In addition, several drill holes will be further evaluated with a Down Hole Versatile Time Domain Electromagnetic (VHTEM) system to obtain more information about the depth extensions to the sulphide mineralisation encountered in previous drilling campaigns. In addition to further metallurgical and geological information, the new Phase 2 RC campaign is expected to provide the requisite in-fill drilling needed to complete a Mineral Resource Estimate (MRE) compliant to JORC (2012) specifications. During the next 6 to 9 months, the Company will engage with it's resource consultant to complete an updated MRE in conjunction with its metallurgical and mineral characterisation studies currently being conducted.