CLA 9.09% 1.0¢ celsius resources limited.

Rapid Progress

  1. 1,663 Posts.
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    Celsius Resources is moving along nicely. In terms of a speculative cobalt play we are progressing quickly which is a testament to the BoD and to having the right MD at the current stage of the companies life. With a capital raise completed and a competent board there is no money being wasted here, rapid progress saves big dollars,

    We have sured up a 15km strike thus far in great time and the initial RC drilling campaign will be completed in a matter of days with results pending. More results due any day.

    Diamond Drilling commenced with one hole completed and waiting MET results from lab, the rest of the holes scheduled to be finished by months end. So should have some nice steady news flow on that front starting about two-three weeks from now

    With Evaluation of metallurgy and mining engineering underway we aren't to far away from getting ready for a round two drilling campaign which will in turn upgrade resource size, so another few months of jam packed news flow to see us thru to the end of the year

    Project Scoping Study to be completed before the end of 2017, enough said

    We are in the hands of a very competent and capable management team for the current stage of the companies life. Looking forward to following the story and dialling in a financially viable resource that we can all profit from in times of elevated cobalt prices.

    My initial investment was at 3cents when cobalt was $17.00 USD/lb and we hadn't drilled a hole. We now have a cobalt price of 27.22USD/lb and a nice long strike. Rapid progress on all fronts

    Good luck to all that hold
 
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