Slide 1: Investor Presentation – Opuwo Cobalt Project
For personal use only Investor Presentation – Opuwo Cobalt Project May 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: Focus on cobalt and other battery minerals
Focus on cobalt and other battery minerals • Robust demand projections for cobalt – electric vehicles, renewables storage, smartphones. For personal use only • Supply concerns – DRC dominant producer, sovereign risk issues, ethical concerns. • Price increases to over USD55,000/tonne, with further up
Slide 4: Cobalt – a commodity in demand
Cobalt – a commodity in demand For personal use only • Substantial price appreciation to date in 2017 to over USD25/lb (USD55,500/t). • Increased demand will exacerbate supply shortfall, providing further price upside. • In 2015, 25% of global cobalt supply entered the battery market, forecast to ri
Slide 5: Cobalt battery applications
Cobalt battery applications For personal use only Lithium Cobalt Oxide Li Nickel Manganese Cobalt Oxide Li Nickel Cobalt Aluminum Oxide • Cobalt-cathode batteries comprised 75% of lithium-ion batteries sold in 2015. • Future demand growth will result from smart grid storage and longer range electric
Slide 6: Cobalt supply
Cobalt supply For personal use only • Approximately 60% of global production is sourced from the DRC. • New supply actively sought – due to ethical and sovereign risk concerns. Opuwo >5% global production 6
Slide 7: Corporate
Corporate For personal use only Capital Structure Directors/Management • 358.1M shares (CLA) • Brendan Borg (Managing Director) • 99.3M listed options (CLAO) • Bill Oliver (Non Exec Chairman) • Mkt Cap 18.3M at $0.04 (fully diluted) • Ranko Matic (Non Exec Director/Company Sec) 7
Slide 8: 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 km
Slide 9: Opuwo Project: Large-scale Cobalt-Copper target
Opowu Project: Large-scale Cobalt-Copper target For personal use only • Mineralisation hosted in Neoproterozoic sediments of the Kaoko Belt (the western extension of the Copperbelt in DRC and Zambia). • Dolomite Ore Formation (DOF) is an organic, carbon rich, marly dolomitic horizon in a sequence of
Slide 10: Mineralisation at Surface
Mineralisation at Surface For personal use only • Significant outcropping mineralisation intermittently along 30 km strike. • Defined by surface sampling and limited trenching. • Celsius in the process of proving mineralised strike with wide spaced drilling. • Targeting higher grade and thicker zone
Slide 11: Immediate Drilling Success
Immediate Drilling Success For personal use only • 20 holes completed by Celsius in March/April 2017. • Assays from first 9 holes returned: 19 m @ 1,292 ppm cobalt, 0.62% copper and 0.71% zinc 7 m @ 1,559 ppm cobalt, 0.64% copper and 0.61% zinc 7 m @ 1,716 ppm cobalt, 0.49% copper and 0.61% zinc 7 m
Slide 12: Immediate Drilling Success
Immediate Drilling Success For personal use only Refer ASX Releases 20 and 27 April 2017 12
Slide 13: Higher Grade Potential
Higher Grade Potential For personal use only • Within the drilling intersections reported, higher grade intersections were encountered, most notably: 7 m @ 1,321 ppm cobalt, 1.11% copper and 1.10% zinc 2 m @ 3,075 ppm cobalt, 0.41% copper and 1.13% zinc • Targeting structural features under cover. •
Slide 14: Next phases: West Zone and Diamond Drilling
Next phases: West Zone and Diamond Drilling For personal use only • Assays pending for a further 11 holes within 11 km of strike. • Drilling commenced at West Zone, surface grades up to 4,300 ppm (0.43%) cobalt. • Diamond drilling to commence in May. • Samples for metallurgical testing and to confir
Slide 15: Simple, sulphide-hosted mineralogy
Simple, sulphide-hosted mineralogy For personal use only • Metallurgical testwork to be completed on drill core. • Extraction anticipated to be simple process due to sulphide mineralisation (unlike lateritic Co deposits). • Disseminated and vein-hosted sulphides. • Mineralisation is pyrite, chalcopy
Slide 16: Infrastructure
Infrastructure For personal use only • Ruacana Hydroelectric Power Station located 50 km northeast of Project. Transmission line passes through Project licence. • Abundant water supply. 16
Slide 17: Infrastructure
Infrastructure For personal use only • Services in nearby regional capital, Opuwo. • Excellent Road Infrastructure 17
Slide 18: Peer Comparison
Company Mkt Cap Project Depsosit Type Resource Co Grade (Code) ($M) CleanTeq Peer Comparison (CLQ) Panoramic 403 122 Syerston Savannah Laterite Ni-Co-Sc Ni-Co sulphide 0.10% 0.11% (PAN) Drill intersections of 0.12 - 0.17% For personal use only Equator 68 Cobalt Camp Ag-Co arsenides N/A Co at Opuwo a
Slide 19: Drilling Ongoing
For personal use only Drilling Ongoing 19
Slide 20: 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 21: For personal use only
For personal use only ASX.CLA www.celsiusresources.com.au info@celsiusresources.com.au +61 8 9226 4500 21