Celsius Resources Ltd. · ASX:CLA
Celsius Resources — Investor Presentation (February 2018)
20 slides from Celsius Resources's investor presentation, Feb 28, 2018
Slide 1: Corporate Presentation: Opuwo Cobalt Project
For personal use only Corporate Presentation Opuwo Cobalt Project February/March 2018 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 • 592.1M shares (CLA) • Brendan Borg (Managing Director) • 77.4M listed options (CLAO – AUD 0.01 strike) • Bill Oliver (Non Exec Chairman) • Mkt Cap AUD 67.0M at $0.10 (CLA+CLAO) • Pine van Wyk (Non Exec Director) • Cash - approx
Slide 4: The Opuwo Advantage
The Opuwo Advantage For personal use only • Aiming to define a long life, reliable source of cobalt and copper. • Large scale: Mineralisation confirmed over more than 15 km of strike, with over 100 km of prospective strike in total. • Favourable mineralogy: cobalt and copper sulphide minerals - coba
Slide 5: Cobalt: a commodity in demand
Cobalt: a commodity in demand For personal use only • Substantial price appreciation over past 15 months to over USD 80,000/tonne. • Battery Grade cobalt chemicals have seen greater price increases than equivalent LME metal prices. • In 2015, 25% of global cobalt supply entered the battery market, f
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. • Walvis Bay Export Processing Zone - favourable tax considerations. • Excellent project infrastructure: • Regional capital Opuwo (supplies, airport, hosp
Slide 8: Infrastructure
Infrastructure For personal use only • Power and water at Project site. • Excellent road Infrastructure. • Services in nearby regional capital, Opuwo. • Walvis Bay Port. 8
Slide 9: Project Ownership Structure
Project Ownership Structure For personal use only • Celsius moved to immediate 95% interest in Opuwo Cobalt Project in September, 2017 (5% loan carried share remains with local Namibian group). • Gecko Namibia is the largest shareholder of Celsius as a result of the transaction, and subsequent parti
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: Initial Exploration Target
Initial Exploration Target For personal use only • Calculated over an 11 km initial zone, based on first 20 holes, in May, 2017. • 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 resul
Slide 12: Resource Drilling Program
Resource Drilling Program For personal use only • Completed mid-December, 2017. • Consisted of 17,266 metres of RC and Diamond drilling. 4.2 km Target Area • Final assays imminent. • Maiden JORC Mineral Resource - March, 2018. • Results to date illustrate the 5 km Target Area consistent nature of th
Slide 13: Resource Drilling Assays
Resource Drilling Assays For personal use only • Highlights from resource drilling assays: • 17 m @ 0.14% cobalt and 0.42% copper • 10 m @ 0.13% cobalt and 0.45% copper • 10 m @ 0.12% cobalt and 0.59% copper • 7.49 m @ 0.14% cobalt and 0.79% copper, including 5 m @ 0.15% cobalt and 1.01% copper • 6
Slide 14: Simple, sulphide-hosted mineralogy
Simple, sulphide-hosted mineralogy For personal use only • Disseminated and vein-hosted sulphides. • Mineralisation is chalcopyrite (copper), linnaeite (cobalt), sphalerite (zinc) plus iron sulphides (pyrite/pyrrhotite). • Flotation testing showed up to 88% of cobalt recoverable into sulphide concen
Slide 15: High leach extraction of cobalt and copper
High leach extraction of cobalt and copper For personal use only • Employing an approximately 1% cobalt grade flotation concentrate, 8 different leach regimes were explored. • Cobalt extraction in autoclave oxidative leaches were typically greater than 95% at temperatures of 115, 135 and 155 deg C a
Slide 16: Scoping Study Activities
Scoping Study Activities For personal use only • Project Development Manager (Edward Legg) appointed to manage studies. • Key consultants appointed: • Metallurgy - Orway Mineral Consultants (OMC), Hydromet Pty Ltd and SGS Australia. • CAPEX/OPEX Estimates - Orway Mineral Consultants (OMC). • Mining
Slide 17: Peer Comparison
Peer Comparison For personal use only Opuwo’s linnaeite mineralogy provides distinct advantages over other cobalt deposit types. Cobalt Sulphide Projects 0.18 0.16 Opuwo (CLA) Millenium (GEMC) Mutooroo (HAV) 0.14 0.12 Thackaringa (COB) Grade (%Co) 0.1 Nova-Bollinger (IGO) Savannah (PAN) 0.08 Mount G
Slide 18: Planned Next Steps
Planned Next Steps For personal use only • Continue expansion of mineralisation with further drilling (underway). • Resource modelling and estimation, culminating in reporting of maiden JORC Mineral Resource (targeted for March, 2018). • Exploration of other targets across the project area (April, 2
Slide 19: 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 20: For personal use only
For personal use only ASX.CLA www.celsiusresources.com.au info@celsiusresources.com.au +61 8 9226 4500 20
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