Celsius Resources Ltd. · ASX:CLA
Celsius Resources — Shareholder Meeting (November 2017)
19 slides from Celsius Resources's shareholder meeting presentation, Nov 24, 2017
Slide 1: 2017 Annual General Meeting Presentation
For personal use only 2017 Annual General Meeting Presentation 24 November 2017 1
Slide 2: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Celsius Resources Limited (“Celsius” or “CLA”). The information contained in this presentation is a professional opinion only and is given in good faith. The information contained herein is confidential and proprietary to the Co
Slide 3: Corporate
Corporate For personal use only Capital Structure Directors/Management • 580.3M shares (CLA) • Brendan Borg (Managing Director) • 87.2M listed options (CLAO – AUD 0.01 strike) • Bill Oliver (Non Exec Chairman) • Mkt Cap AUD 83.4M at $0.125 (CLA+CLAO) • Pine van Wyk (Non Exec Director) • Cash – appro
Slide 4: Cobalt's role in the renewables revolution
Cobalt’s role in the renewables revolution • Robust demand projections for cobalt – electric vehicles, renewables storage, smartphones. For personal use only • Supply concerns – DRC dominant producer, diversity of supply sought. • Price increases to over USD 60,000/tonne, with further upside expecte
Slide 5: Cobalt – a commodity in demand
Cobalt – a commodity in demand For personal use only • Substantial price appreciation to date in 2017 to over USD 60,000/tonne. • Battery Grade cobalt chemicals have seen greater price increases than LME metal prices. • In 2015, 25% of global cobalt supply entered the battery market, forecast to ris
Slide 6: Cobalt: Best Exposure to Battery Boom?
Cobalt: Best Exposure to Battery Boom? For personal use only 6
Slide 7: Namibia: A Premier Mining Destination
Namibia: A Premier Mining Destination For personal use only • Politically & socially stable • Strong rule of law. • National development agenda. • Excellent project infrastructure • Regional capital Opuwo (supplies, airport, hospital). • Sealed roads from Opuwo to Windhoek and Walvis Bay Port. • 150
Slide 8: Infrastructure
Infrastructure For personal use only • Transmission line passes through Project licence. • Abundant water supply. • Services in nearby regional capital, Opuwo. • Excellent road Infrastructure. 8
Slide 9: Gecko Namibia Agreement
Gecko Namibia Agreement For personal use only • Celsius moved to immediate 95% interest in Opuwo Cobalt Project in September, 2017. • Gecko Namibia is the largest shareholder of Celsius as a result of the transaction, and subsequent participation in recent capital raising (~8.8%). • New licences sur
Slide 10: Large-scale Cobalt-Copper Targets
Large-scale Cobalt-Copper Targets For personal use only • Mineralisation hosted in Neoproterozoic sediments of the Kaoko Belt (the western extension of the Copper Belt in DRC and Zambia). • Dolomite Ore Formation (DOF) is a carbon rich, marly dolomitic horizon in a sequence of clastic and carbonate
Slide 11: Immediate Drilling Success
Immediate Drilling Success For personal use only • 60 holes completed by Celsius to September 2017. • Highlights: • 19 m @ 0.13% cobalt and 0.62% copper, including 7 m @ 0.13% cobalt and 1.11% copper • 13 m @ 0.14% cobalt and 0.51% copper, including 10 m @ 0.17% cobalt and 0.66% copper • 10 m @ 0.14
Slide 12: Initial Exploration Target
Initial Exploration Target For personal use only • Calculated over an 11 km initial zone, based on first 20 holes. • 33 - 41 MT, grading approximately 0.13 - 0.17% cobalt and 0.45 - 0.65% copper* (150 - 250 metres depth). • Excellent scope for expansion, given subsequent drilling results. Mineralisa
Slide 13: Deep Extension to Known Mineralisation
Deep Extension to Known Mineralisation For personal use only • Semi-massive sulphides encountered for the first time in deep step out hole. • Implications for overall scale of project and potentially grade (assays pending). • Supports geological team’s theory of the existence of feeder zone for the
Slide 14: Resource Drilling Program - 15,000 metres
Resource Drilling Program - 15,000 metres For personal use only • Drilling underway with 5 rigs. • Completion mid-December. • Two target zones identified from initial wide spaced 4.2 km Target Area Celsius drilling earlier in 2017. • Targeting best grade areas and probable repeat mineralised zones.
Slide 15: Simple, sulphide-hosted mineralogy
Simple, sulphide-hosted mineralogy For personal use only • Extraction anticipated to be simple process due to sulphide mineralisation – conventional process. • Disseminated and vein-hosted sulphides. • Semi – massive sulphides recently intersected. Mineralisation is chalcopyrite (copper), linnaeite
Slide 16: Scoping Study Activities
Scoping Study Activities For personal use only • Key consultants appointed: • Metallurgy - Orway Mineral Consultants (OMC), Hydromet Pty Ltd and SGS Australia. • CAPEX/OPEX Estimates - Orway Mineral Consultants (OMC). • Mining Studies - Auralia (supported by Gecko Namibia). • Resource Modeling and E
Slide 17: Peer Comparison
Peer Comparison Not all cobalt projects are created equal…. For personal use only Nickel laterite, arsenide, copper oxide, nickel sulphide, copper sulphide. Sulphide preferred – generally significantly lower CAPEX and OPEX. Cobalt Sulphide Projects 0.18 0.16 Opuwo (CLA) Millenium (GEMC) Mutooroo (HA
Slide 18: Competent Persons Statement
Competent Persons 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 has sufficien
Slide 19: For personal use only
For personal use only ASX.CLA www.celsiusresources.com.au info@celsiusresources.com.au +61 8 9226 4500 19
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