Key Project – Opuwo Cobalt

Celsius is aiming to define a long life, reliable source of cobalt at its Opuwo Cobalt Project located in northwestern Namibia. Celsius considers the Project to be advantageous due to its large scale, favourable mineralogy and low levels of deleterious elements, located in a mining friendly, politically stable and safe location with excellent infrastructure. Resource drilling has been completed in late 2017, and the Company is now in the process of compiling a maiden JORC compliant Mineral Resource and a Project Scoping Study.

Future demand for cobalt, led by the looming electric vehicle and battery storage revolutions, has lead to significant price increases in 2017/2018.

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