Caeneus Minerals Ltd. announced that its Phase 1 RC drilling program for the renewed evaluation of its wholly owned Pardoo Nickel Project has now been successfully completed. The drilling for 2022 heralds the commencement of resource infill and extensional campaigns aimed at defining the economic footprint of the Highway Ni-Cu-Co occurrence. This initial Phase 1 RC program was contracted to Mt Magnet Drilling, with the main aim of the drilling to investigate shallow nickel and PGM mineralisation identified from historical drilling.

The drilling program also tested the continuity of down-dip mineralisation in the northern part of the occurrence and a possible repeat of the nickel mineralisation to the north-east. A total of 14 RC holes were drilled during the Phase 1 program which intersected metasediments and altered ultramafic lithologies. In general, drilling sample recoveries were very good.

All drill samples have been delivered to the Company's analytical laboratory located in Perth where approximately a 12-week turnaround time is expected for receipt of analytical results. Pending laboratory availability, the company may consider forwarding a certain number of drill holes for rush order to expedite results.