In 2017, Caeneus acquired 78 placer claims to cover portions of the Rhodes Marsh basin, which is located approximately 15km North to Northwest of the Company’s Columbus Marsh Project. The Company believes that the Rhodes Marsh Project holds many similarities to such basins as Columbus Marsh and the Clayton Valley, and is therefore highly prospective for lithium brines.
- Rhodes Marsh Playa measures approximately 2.4km by 4.8km;
- 78 placer tenures secured totaling approximately 1,560 acres;
- Rhodes Marsh (like Columbus Marsh, Teels Marsh, and Fish Lake) is known for historic production of borax minerals