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From nextsmallcap.com ;-)

FINALISED: 21-02-17 PUBLISHED: 21-02-17
Cobalt Drilling in Coming Weeks: ASX Explorer to Test 20km Strike Length

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Here at the Next Small Cap, we’ve discussed time and again the massive growth potential of lithium-ion batteries, which power Electric Vehicles (EVs) and mobile devices.
What most ASX investors are now waking up to is that lithium and graphite stocks are not the only way to play this growth trend.
Cobalt — a hard, grey metal — is also an essential element in lithium-ion batteries.
With a sea of ASX lithium explorers benefitting from the forecast surge in demand for lithium over the course of the last few years – it appears that 2017 is shaping up to be the year that cobalt steps into the limelight.
We are anticipating a number of cobalt plays accelerating their exploration efforts and any ASX stock that can identify serious commercial quantities of cobalt stands to be rewarded, especially as the cobalt price recently shot through the US$40,000 tonne barrier and is on track to reach US$50,000 within the coming months.
One ASX stock will commence drilling at its cobalt project in early March, just weeks from now.

The company has recently raised cash and currently holds approximately $1.73M in capital – more than enough to fully test its project with the drill bit – which if successful, could result in some serious share price traction.
On top of current market dynamics, the project location is another point of difference specific to this ASX cobalt explorer – its project is located in Namibia – in the very same region as the cobalt endowed DRC, home to over 60% of the world’s mined output.
Exploring in Namibia has a distinct advantage over the DRC: the country is more politically stable than the DRC, and has more established infrastructure to help get any cobalt out of the ground and off to markets. There also does not appear to be any ethical question marks like the DRC faces with its cobalt extraction.
Having said that though, Namibia is not without its own problems, and this is still a very high risk stock for political and social reasons. Getting mining projects up and running in countries such as Namibia is no simple feat, and there may be challenges ahead.
This ASX stock has an option to acquire a significant stake in the Opuwo Cobalt Project, which has the potential to host large scale, sediment hosted copper-cobalt mineralization – with approximately 30km strike length of prospective mineralized horizon, of which 20km will be tested first.
With promising historical drilling already conducted at the Opuwo Project, this company is looking to unlock further value via an immediate RC drilling program.

Drilling will test a number of identified targets, with the key aim to provide a systematic first pass test along a 20km strike length of the Dolomite Ore Formation (DOF) horizon.
A series of shallow RC drill holes spaced between 500m and 1500m are planned to be drilled in this first phase in early March, with results anticipated to be received by early April.
Samples from drilling will be used to carry out first pass metallurgical testwork.
So with drilling imminent, and with the expected continued rise of cobalt in 2017, there could be significant upside for this $12.4 million capped ASX junior over the coming weeks and months.
The temperature seems to be rising for …

Celsius Resources

ASX: CLA