Slide 1: Building an Extensive Cobalt Resource in Namibia
For personal use only Building an Extensive Cobalt Resource in Namibia Africa Down Under 29 August 2018 ASX:CLA
Slide 2: Disclaimer
ASX:CLA Disclaimer 2 This presentation has been prepared by Celsius Resources Limited (“Celsius” or “CLA”). The information contained in this presentation is a For personal use only professional opinion only and is given in good faith. The information contained herein is confidential and proprietary
Slide 3: Investment Highlights
ASX:CLA Investment Highlights 3 Extensive source of Co, Cu & Zn sulphides For personal use only BROAD MINERALISATION CONFIRMED OVER 15KM+ SIMPLE, UNCOMPLICATED WITH SIGNIFICANT LARGE-SCALE RESOURCE MINERALOGY FURTHER POTENTIAL STRIKE Potential for high production rate 95% of current resource is sulp
Slide 4: Corporate Overview
ASX:CLA Corporate Overview 4 Capital Structure For personal use only 715.4M 41.9M 49.5M 96.8M $12.4M CTA $0.12 (fully diluted) Shares (CLA) Listed options: Unlisted options Market cap (AUD) Cash (June 30) CLAO-AUD 0.01 strike Major Shareholders CLA.ASX 0.12 7.00% 6.00% 6.12% 5.00% 5.03% 4.00% 4.54%
Slide 5: Directors and Management
ASX:CLA Directors and Management 5 • A geologist with over 20 years’ experience gained working in management, operational and project development For personal use only roles in the Exploration and Mining industries Brendan Borg • Experience includes Rio Tinto Iron Ore, Magnis Resources Limited, Iron
Slide 6: Cobalt – A commodity in demand
ASX:CLA Cobalt – A commodity in demand 6 For personal use only Cobalt Price Why Cobalt? USD $64,500 21 Aug ‘18 • Substantial price appreciation over the past two years to more than USD $90,000/tonne COBALT PRICE (X1,000 USD) • Battery-grade cobalt chemicals have seen greater price increases than equ
Slide 7: Cobalt – Best Exposure to Battery Boom?
ASX:CLA Cobalt – Best Exposure to Battery Boom? 7 In a 100% EV world … For personal use only demand for commodities would change by …* incremental annual commodity demand would deplete reserves by … *in % of global market today Source: UBS
Slide 8: Cobalt – Market Outlook
ASX:CL Cobalt – Market Outlook 8 Cobalt-containing cathode will dominate EV and Storage applications within 10 years For personal use only • Benchmark Mineral Intelligence forecasts that the use of cobalt in batteries will more than triple between 2017 and 2026 – despite the shift to lower cobalt ba
Slide 9: Namibia: A Premier Mining Destination
ASX:CLA Namibia: A Premier 9 Mining Destination For personal use only A politically stable jurisdiction: • Established regulatory structure • Strong public and governmental support for mining • Favourable tax considerations for producing downstream products in Namibia. Exceptional infrastructure: •
Slide 10: Opuwo Project Overview
ASX:CLA Opuwo Project Overview 10 100km+ of Co-Cu prospective horizon For personal use only owned and 5% loan-carried share with local 95% Namibian group 6.12% owned by Gecko Namibia (largest shareholder) 1,470 km2 total project area ~10km strike of existing resource zone 66kV & existing power lines
Slide 11: Mineralisation
ASX:CLA Mineralisation 11 Mineralisation is low in deleterious elements For personal use only • The JORC Compliant Mineral Resource estimate comprises 112.4 Mt at 0.11% Co, 0.41% Cu and 0.43% Zn – cutoff grade of 0.06% (or 600 ppm) Co • The Mineral Resource estimate represents contained cobalt of 12
Slide 12: Maiden JORC Mineral Resource Tables
ASX:CLA Maiden JORC Mineral Resource Tables 12 Reported in April, 2018 For personal use only COBALT CUT- TONNAGE COBALT COPPER ZINC CONTAINED JORC Compliant CATEGORY ORE TYPE OFF (PPM) (MT) (%) (%) (%) COBALT (T) Indicated and Inferred Oxide 600 3.8 0.10 0.39 0.36 3,900 Mineral Resource Indicated Tr
Slide 13: 2017-18 Drilling
ASX:CLA 2017-18 Drilling 13 For personal use only Section Section 365, 350mE 366, 350mE UTM Zone 33S
Slide 14: Cross Sections
ASX:CLA Cross Sections 14 Cross Sectional View – Section 365,350mE Cross Sectional View – Section 366,350mE For personal use only
Slide 15: Simple, Sulphide-Hosted Mineralogy
ASX:CLA Simple, Sulphide-Hosted 15 Mineralogy For personal use only • Mineralisation is predominantly linnaeite (cobalt), chalcopyrite (copper) and sphalerite (zinc) plus iron sulphides (pyrite/pyrrhotite) • Flotation testing showed up to 88% of cobalt recoverable into sulphide concentrate • Closed
Slide 16: High Leach Extraction of Cobalt, Copper & Zinc
ASX:CLA High Leach Extraction 16 of Cobalt, Copper & Zinc For personal use only Cobalt, Copper and Zinc Extraction: • Employing an ~1% - 1.58% cobalt grade flotation concentrate, 19 different leach regimes were explored • Extraction in the current preferred autoclave oxidative leach was approximatel
Slide 17: Large-Scale Cobalt-Copper Targets
ASX:CLA Large-Scale Cobalt-Copper Targets 17 For personal use only • Aim of broader exploration in licence package is to find the potential source sulphide zone feeding the system within the project area • Maiden JORC Mineral Resource defined over 10 km strike • Mineralisation intersected over a 15
Slide 18: SkyTEM Survey Completed
ASX:CLA SkyTEM Survey Completed 18 For personal use only • Covering all known prospects at Opuwo, EPL4351 including DOF resource area, DOF North targets, and potential source EPL4550 zones for the extensive sulphide mineralisation • 200 metre line spacing • 6,090 line km total • Flying complete – fi
Slide 19: Scoping Study Underway – Key consultants appointed
ASX:CLA Scoping Study Underway – Key consultants appointed 19 Project Development Manager: Edward Legg For personal use only Metallurgy Metallurgy, CAPEX/OPEX Estimates Mining Studies Scoping Study targeted for early Q4 2018 Resource Modelling Environmental, water PFS to follow and Estimation and so
Slide 20: Peer Comparison
ASX:CLA Peer Comparison 20 Opuwo compares favourably to other sulphide and laterite projects For personal use only COBALT METAL CONTENT (‘000 TONNES) COBALT GRADE (%) Laterite Note: Excludes Kalongwe (NZC) 42,700 tonnes cobalt metal content at 0.62% cobalt grade. Bubble size represents contained cob
Slide 21: Timeline and Upcoming Catalysts
ASX:CLA Timeline and Upcoming Catalysts 21 For personal use only APRIL 2018 IN PROGRESS Q4 2018 Resource Complete and report Extensive infill and Maiden JORC expansion Project Scoping Study extension resource Mineral Resource drilling drilling program* Exploration of other Commence targets across th
Slide 22: Competent Persons Statement
ASX:CLA Competent Persons 22 Statement For personal use only Information in this report relating to Exploration Results is based on information reviewed by Mr. Brendan Borg, who is a Member of the Australasian Institute of Mining and Metallurgy and Managing Director of Celsius Resources. Mr. Borg ha
Slide 23: For personal use only
ASX:CLA For personal use only celsiusresources.com.au info@celsiusresources.com.au +61 8 6188 8181