Ann: APPOINTMENT OF NEW MANAGING DIRECTOR, page-46

Hartley’s views appointment of Borg by Celsius as a ‘huge coup’


Published on: Mar 29, 2017 | by Trevor Hoey

News that highly experienced and well-credentialled consultant geologist, Brendan Borg, had been appointed as Managing Director of Celsius Resources (ASX: CLA) triggered a significant increase in the company’s share price after it was announced on Wednesday morning.

This isn’t surprising given the experience he brings to CLA at a time when it is looking to develop the Opuwo cobalt project in Namibia. Not only has Borg specialised in the battery materials sector, with involvement in various lithium, graphite and cobalt projects, he has a deep understanding of managing projects in Africa.

The Opuwo cobalt project is located in north-western Namibia, approximately 800 kilometres by road from the capital, Windhoek.

Over a period of 20 years, Borg has gained experience working for both small and large companies, including multinational players such as Rio Tinto and emerging producers such as graphite group Magnis Resources.

Importantly, Borg also has an intimate knowledge of the Opuwo project, as he was instrumental in quickly initiating the drilling program that is currently underway.

It should be noted here that this is an early stage play, so investors should take a cautious approach to their investment decision and take all publicly available information into account.

In commenting on his appointment, Borg said, “I am excited to have the opportunity to drive the company’s plans to rapidly evaluate and potentially develop the Opuwo cobalt project in an environment of sustained global demand for cobalt and other battery related minerals that are key to the uptake of new energy technologies”.

Hartleys analyst, Mark Sandford, described Borg’s appointment as a ‘huge coup’ saying, “Brendan is highly regarded in the energy metals and battery space and is considered a world leader in the field, having consulted for many of the lithium, graphite and cobalt companies on the ASX”.

Sandford noted that Celsius is the first company that Borg has wanted to be involved in at a higher level which gives us (Hartleys) a high level of confidence in the project’s merits.


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