Bekanntmachung • Apr 09
Cassius Mining Limited announced that it expects to receive AUD 5 million in funding Cassius Mining Limited announces a private placement with sophisticated investors to issue Secured Convertible Notes for gross proceeds of AUD 5,000,0000 on April 7, 2026. 1,950,000 Notes in the 1st Tranche to be issued upfront using existing capacity under ASX LR 7.1. and 3,050,000 Notes in the 2nd Tranche to be issued after seeking requisite shareholder approval at an EGM, expected to be held in May 2026. 3.5% interest per quarter, to be capitalised at the end of each calendar quarter, meaning no interest is required to be serviced throughout the loan term of 2 years. The 2 year loan term can be extended longer by mutual agreement with the Company and Noteholders. The Noteholders may convert the Notes into shares at AUD 0.03 until 30 June 2026, and thereafter (until the Maturity Date) at AUD 0.03 or at 20% discount to the 5 day VWA Reported Earnings • Mar 10
First half 2026 earnings released: AU$0.001 loss per share (vs AU$0.004 loss in 1H 2025) First half 2026 results: AU$0.001 loss per share (improved from AU$0.004 loss in 1H 2025). Net loss: AU$773.1k (loss narrowed 65% from 1H 2025). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. New Risk • Mar 05
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.0m free cash flow). Earnings have declined by 9.1% per year over the past 5 years. Revenue is less than US$1m (AU$1.4k revenue, or US$998). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Market cap is less than US$100m (AU$17.6m market cap, or US$12.4m). New Risk • Jan 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$103k revenue, or US$73k). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$19.1m market cap, or US$13.4m). New Risk • Dec 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Revenue is less than US$1m (AU$103k revenue, or US$69k). Minor Risk Market cap is less than US$100m (AU$21.3m market cap, or US$14.3m). Bekanntmachung • Dec 22
Cassius Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.163532 million. Cassius Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.163532 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 38,784,400
Price\Range: AUD 0.03
Transaction Features: Subsequent Direct Listing Bekanntmachung • Dec 17
Cassius Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 1.163532 million. Cassius Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 1.163532 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 38,784,400
Price\Range: AUD 0.03
Transaction Features: Subsequent Direct Listing Bekanntmachung • Oct 29
Cassius Mining Limited, Annual General Meeting, Nov 28, 2025 Cassius Mining Limited, Annual General Meeting, Nov 28, 2025. Location: at boardroom, ground floor 3 spring street, sydney Australia Reported Earnings • Sep 27
Full year 2025 earnings released: AU$0.005 loss per share (vs AU$0.003 loss in FY 2024) Full year 2025 results: AU$0.005 loss per share (further deteriorated from AU$0.003 loss in FY 2024). Net loss: AU$2.96m (loss widened 97% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Bekanntmachung • Aug 04
Cassius Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.05 million. Cassius Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.05 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,333,333
Price\Range: AUD 0.015
Transaction Features: Subsequent Direct Listing Bekanntmachung • Apr 16
Cassius Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.531917 million. Cassius Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.531917 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 35,461,123
Price\Range: AUD 0.015
Transaction Features: Subsequent Direct Listing Bekanntmachung • Apr 10
Cassius Mining Limited has filed a Follow-on Equity Offering. Cassius Mining Limited has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Transaction Features: Subsequent Direct Listing New Risk • Mar 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Revenue is less than US$1m (AU$107k revenue, or US$67k). Market cap is less than US$10m (AU$9.63m market cap, or US$6.09m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). Reported Earnings • Mar 15
First half 2025 earnings released: AU$0.004 loss per share (vs AU$0.002 loss in 1H 2024) First half 2025 results: AU$0.004 loss per share (further deteriorated from AU$0.002 loss in 1H 2024). Net loss: AU$2.19m (loss widened 118% from 1H 2024). New Risk • Mar 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Revenue is less than US$1m (AU$10k revenue, or US$6.4k). Market cap is less than US$10m (AU$10.9m market cap, or US$6.88m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). Bekanntmachung • Jan 13
Cassius Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million. Cassius Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 100,000,000
Price\Range: AUD 0.01
Transaction Features: Subsequent Direct Listing New Risk • Sep 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.2m free cash flow). Share price has been highly volatile over the past 3 months (31% average weekly change). Revenue is less than US$1m (AU$10k revenue, or US$7.0k). Market cap is less than US$10m (AU$3.25m market cap, or US$2.25m). Minor Risk Shareholders have been diluted in the past year (9.1% increase in shares outstanding). Bekanntmachung • Feb 06
Cassius Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.3 million. Cassius Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 39,393,939
Price\Range: AUD 0.033
Discount Per Security: AUD 0.00198
Transaction Features: Subsequent Direct Listing Bekanntmachung • Jan 29
Cassius Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 1.3 million. Cassius Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 1.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 39,393,940
Price\Range: AUD 0.033
Discount Per Security: AUD 0.00198
Transaction Features: Subsequent Direct Listing New Risk • Nov 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.4m (US$9.78m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (AU$2.6k revenue, or US$1.7k). Market cap is less than US$10m (AU$15.4m market cap, or US$9.78m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Bekanntmachung • Oct 23
Cassius Mining Limited, Annual General Meeting, Nov 24, 2023 Cassius Mining Limited, Annual General Meeting, Nov 24, 2023, at 11:30 AUS Eastern Standard Time. Location: Boardroom, Ground Floor, 3 Spring Street Sydney New South Wales Australia Agenda: To receive and consider the Statement of Financial Position of the Company at 30 June 2023, the Income Statement of the Company for the year ended on that date, together with the consolidated accounts of the Company and its controlled entities and the reports of Directors and Auditors therein; to consider Adoption of Remuneration Report; to consider Re-election of a Director; to consider Ratification of prior issue of placement shares; to consider Issue of placement shares; to consider Issue of Options; and to consider approval of Additional 10% Placement Facility. New Risk • Jun 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 54% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.3m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Revenue is less than US$1m (AU$901 revenue, or US$602). Market cap is less than US$10m (AU$12.4m market cap, or US$8.30m). Board Change • Mar 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Technical Director & Independent Non-Executive Director David Chidlow was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Bekanntmachung • Feb 18
Cassius Mining Limited Releases the Exploration Results from the Initial Rock Sampling Program in It's Prospecting License (PL) 11921 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. Bekanntmachung • Dec 22
Cassius Mining Limited Updates on Pending Assays and Ghana Litigation Cassius Mining Limited provides update on the pending assay results from its Soalara Limestone project in Madagascar and Chenene Lithium project in Tanzania, together with its Ghana Litigation. 68 samples were collected from the Company's initial exploration programme1 over Target 1 prospect at its Chenene Lithium Project in central Tanzania, where multiple pegmatite swarms were identified and mapped. These samples have been prepared at the SGS laboratory in Tanzania. The pulps will now be transferred internally by SGS to the certified SGS assay lab at Randfontein in South Africa. The assay results are expected to be received by the end of January 2023. Bekanntmachung • Nov 17
Cassius Mining Limited Identifies Multiple Pegmatites During Initial Exploration1 At Target 1 At the Wholly Owned Chenene Lithium Project in Tanzania Cassius Mining Limited identified multiple pegmatites during initial exploration1 at Target 1 at the wholly owned Chenene Lithium Project in Tanzania. Cassius applied a series of ~400m spaced N-S traverse lines (Fig 6) across a ~50 km2 target area, encompassing the outcrops of gneiss on the margins of the Chenene Hills within PL 11921. The low-lying areas covered by `red soil' between outcrops were not sampled. Substantial attention was given to the area close to Dulu village in the west of the license, close to the border with the Company's adjacent PL 11920, where historical Lithium pegmatite presence had been recorded. Lepidolite (pink coloured Lithium-rich Mica, Fig 2) was observed at the Dulu pegmatite. The field team recorded the pegmatite to be approximately 970m long with a ~3m surface width exposure. Strike of the intrusion was recorded at 97-110O, dipping at 50-60O to the south. The pegmatites mapped at Nemazi (Fig 3, gneiss outcrop east of Dulu) also show similar surface expression with a similar strike and dip, indicating potential subsurface continuity with Dulu (not confirmed). Pegmatite distribution can be clearly seen to be concentrated in the exposed metamorphosed Gneiss outcrops on higher ground (Fig 4), however the potential exists that pegmatites are also present under surface cover at lower elevations. The elevated gneiss outcrops along the southern part of Target 1 have not yet been traversed and will be explored next. The fieldwork to date has been on the northern part of the exposed gneiss outcrops at Target 1 and indicates 35 pegmatites to date with an indicative combined length of approximately 7km. A dominant WNW-ESE pegmatite trend was identified in Dulu and Nemazi, with lesser NNE-SSW cross cuts just north of Dulu. Rock-chip samples were collected from locations within the pegmatites. Each being 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. 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. Lab assays will assess grades of key elements, primarily targeting Lithium, related elements and Rare Earth Elements (REE's). Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Technical Director & Independent Non-Executive Director David Chidlow was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Bekanntmachung • Oct 20
Cassius Mining Limited Announces Completion of Phase 2 of its Coring Programme at Soalara Limestone Project in Madagascar Cassius Mining Limited advised that Phase 2 of its coring programme has been successfully completed at the Soalara Limestone Project in Madagascar. Five vertical holes successfully cored, each to the planned approx. 100m depth. Excellent average of 93.3% core recovery achieved (approx. 92% recovery in Phase 1). Core preparation underway to send pulps for assays at SGS labs. Nine hole Mineral Resource (MRE) study scheduled to follow assays. Phase 2 Core and Assays: Five vertical holes (CMDD005 to CMDD009) were each cored in HQ size to approx. 100m for a total of 500.67m. An excellent average recovery of approx. 93.3% has been achieved (higher than the approx. 92% achieved in Phase 1). Cassius's onsite Geo consultants (Vato) have completed geotechnical /geological logging, core photography, density measurements, core cutting and sampling for all 5 holes. Core samples are now in process of delivery to in-country preparation laboratory OMNIS, who will prepare pulps for the certified SGS laboratory (Perth, WA) to run multi-oxide XRF assays on each sample (along with standards, blanks and duplicates). It is currently expected that samples will be ready to be couriered to Australia via DHL Express in November, with subsequent assay results available December/January. An expected total of approx. 584 samples will be assayed. Previous Results from Phase 1 Coring: Four vertical holes (CMDD001 to CMDD004) were previously cored in Phase 1, each to approx. 100m. Multiple thick limestone sequences were confirmed with purities from 93.5% to over 98.5% CaCO3, overburden free, with only thin interbedded clayish limestones/clays. Upper Limestone sequences were noted to be of higher purity in Phase 1 than the lower Limestone sequences, although further significant Limestone sequences were confirmed all the way to 100m total depth in every hole with only relatively thin clay/clayish Limestone horizons. Lateral and vertical limestone continuity was also confirmed with depth between all four holes. Approx. 73% of assays from every metre of the total approx. 400m cored showed an average of 97.02% wt CaCO3 (High purity limestone3), forming a high quality mineral base onto which the Phase 2 results will be added before the MRE is conducted. Bekanntmachung • Oct 19
Cassius Mining Limited, Annual General Meeting, Nov 25, 2022 Cassius Mining Limited, Annual General Meeting, Nov 25, 2022, at 11:30 AUS Eastern Standard Time. Location: Boardroom, Ground Floor, 3 Spring Street Sydney NSW 2000 Sydney Nsw 2000 Australia Agenda: To receive and consider the Statement of Financial Position of the Company at 30 June 2022; To Adopt remuneration report; To ratify prior issue of placement shares; To Issue of shares in lieu of Directors Fees Mr David Chidlow; To Issue of shares in lieu of Directors Fees Mr Wayne Kernaghan; To Approve of Additional 10% Placement Facility. Reported Earnings • Sep 30
Full year 2022 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in FY 2021) Full year 2022 results: AU$0.001 loss per share (in line with FY 2021). Net loss: AU$361.9k (loss widened 57% from FY 2021). Over the last 3 years on average, earnings per share has increased by 54% per year whereas the company’s share price has increased by 52% per year. Bekanntmachung • Sep 07
Cassius Mining Limited Announces Exploration Begins At Chenene Lithium Project Cassius Mining Limited announced that its initial exploration programme at the wholly owned Chenene Lithium Project in central Tanzania is underway. The Project area is in central Tanzania approximately 40 kms north of Dodoma (the capital city), easily accessible by major road and not materially affected by the annual wet season further south. Lithium-bearing pegmatites (and Tantalum) have previously been identified in the metamorphic belt outcropping in several locations along the base of the granitic NW-SE trending Chenene Hills. The Company is initially targeting two priority areas across amphibolite gneiss outcrops (known to be host rocks of Lithium-bearing pegmatites within the local area). EXPLORATION PROGRAMME: Target #1 is being mapped and sampled along ~400m spaced N-S traverse lines across amphibolite gneiss and other metamorphic outcrops on the margins of the Chenene Hills, targeting pegmatite presence and surface expression together with rock chip sampling. Samples will undergo later lab analysis. Target #1 covers 50 km2 in the western part of PL 11921, close to Dulu village. Two separate gneiss outcrops occur in the target, 8 km2 in the east and ~10 km2 in the west (with historical recorded Lithium pegmatite presence). Vehicle access is excellent, with two sealed roads traversing through and directly adjacent to the target site. It is estimated that the time required on Target #1 will be 25 days. Target #2 has been increased from 10 km2 to 15 km2 in the SE part of PL 11720, in extensional outcrop of the same gneiss hosting known Lithium pegmatites in the adjacent license. This prospective gneiss outcrop in the Cassius license covers an area of 7 km2. The increased area to be mapped and sampled will also test the adjacent sheared granite to the NE, showing intrusive dykes mineralogically untested to date. Vehicle access to Target #2 is good, with a 16 kms transit from the A104 Great North Rd east along tracks across undulating granitic soils. In specific locations in the target area the terrain is harder to traverse than in Target #1, resulting in re-orientation of 400m spaced traverse lines to E-W, targeting pegmatite presence and surface expression, together with rock chip sampling. Samples will undergo later lab analysis. It is estimated that the time required on the increased area of Target #2 will be ~15 days. Bekanntmachung • Aug 19
Cassius Mining Limited Advises That Phase 2 of Its Coring Programme Is to Commence on 22 August 2022 At the Soalara Limestone Project in Madagascar Cassius Mining Limited advised that Phase 2 of its coring programme is to commence on 22 August 2022 at the Soalara Limestone Project in Madagascar. The rig is scheduled to arrive on site on August 20th/21st and is anticipated to commence coring from 22 August 2022. It is estimated the programme will take 35-45 days. Phase 2 will core five vertical holes to a depth of 100m each, adjacent to Phase 1 holes on the same drill collar grid. Phases 1 and 2 combined form a nine hole coring programme targeting a potential upgrade from the existing JORC Exploration Target to a JORC Mineral Resource, to be estimated after Phase 2 is complete. The Company has already selected its consultants to conduct this Mineral Resource Estimate ("MRE"). Four vertical holes were each cored to 100m. Multiple thick limestone sequences were confirmed with purities from >98.5% to 93.5% CaCO3, overburden free, with only thin interbedded clayish limestones/clays. Upper Limestone sequences are of higher purity, with further significant sequences to 100m in every hole. Lateral and vertical limestone continuity was confirmed with depth between all four holes. 73% of assays from every metre cored showed an average of 97.02%wt CaCO3 ("High purity" limestone4), on track to a potential upgrade from the current Exploration Target to a Mineral Resource. Board Change • Aug 08
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Technical Director & Independent Non-Executive Director David Chidlow was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.