Short Term Trading Weekend Lounge : 20 -22 Jan, page-109

STTCOMP CLA, FA Long


Exploration Ann commenced JAN 2017

Celsius has commenced exploration at its Abednegno Hill Project with Thomson Aviation engaged to carry out a high resolution, low level aeromagnetic survey over the project area. Review of historical and public domain data identified that no high resolution surveys had previously been carried out over the tenements which comprise the project, save a small corner of E39/1684 (Figure 1).
https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYC4wu6yxiZo/t4ke92GA==

Cobalt play @mouse  ? @Anton Chigurh ?

OPTION TO ACQUIRE HIGHLY PROSPECTIVE OPUWO COBALT PROJECT HIGHLIGHTS

 Celsius to acquire 100% of Opuwo Cobalt Pty Ltd, which holds an option to acquire the Opuwo Cobalt Project in Namibia.


 Opuwo Cobalt Project has potential to host large-scale sediment hosted copper-cobalt mineralisation, with approximately 30km strike length of prospective mineralised horizon.


 Over 20km of the horizon is outcropping and has been mapped and sampled with the horizon not closed offto the East.

 Seven historical drillholes completed in the project area.


 Of these, only two drillholes, drilled in one location, have been assayed for cobalt with following results: o 8m at 1137ppm Co + 0.54%Cu + 0.53%Zn from 60.4m o 4.65m at 1153ppm Co + 0.55%Cu + 0.59%Zn from 106.65m

 Petrographic studies indicate mineralisation is sulphide hosted, which should result in a relatively straight forward extraction process.

 Project is ready-to-drill, with project vendors providing access to in country drilling services.

 Opuwo Cobalt Pty Ltd has entered into a farm-in agreement to earn staged interests in the Opuwo Cobalt Project.

 Acquisition of Opuwo Cobalt Pty Ltd to be satisfied by issuing 27,777,773 shares to the shareholders of Opuwo Cobalt Pty Ltd (following shareholder approval).

 Mr Brendan Borg, a consultant to Celsius, has recently completed a field visit to the project as part of due diligence investigations.
https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYC4wi0zRaZo/t4ke92GA==