Slide 1: Africa Downunder 2017 - Opuwo Cobalt Project
For personal use only Africa Downunder 2017 Opuwo Cobalt Project 8 September 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 • 459.3M shares (CLA) • Brendan Borg (Managing Director) • 92.7M listed options (CLAO – $0.01 strike) • Bill Oliver (Non Exec Chairman) • Mkt Cap $27.0M at $0.049 (fully diluted) • Pine van Wyk (Non Exec Director) • Ranko Matic (
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 USD61,500/tonne, with further upside expected. Nam
Slide 5: Cobalt – a commodity in demand
Cobalt – a commodity in demand For personal use only • Substantial price appreciation to date in 2017 to USD27.90/lb (USD61,500/t). • Increased demand will exacerbate supply shortfall, providing further price upside. • In 2015, 25% of global cobalt supply entered the battery market, forecast to rise
Slide 6: Cobalt Supply
Cobalt Supply For personal use only • Approximately 60% of global production is sourced from the DRC. • Diversity of supply sought. Opuwo >5% global production 6
Slide 7: Best Exposure to Battery Boom?
Best Exposure to Battery Boom? For personal use only 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: Infrastructure
Infrastructure For personal use only • Transmission line passes through Project licence. • Abundant water supply. • Services in nearby regional capital, Opuwo. • Excellent road Infrastructure 9
Slide 10: Gecko Namibia Agreement
Gecko Namibia Agreement For personal use only • Celsius moves to immediate 95% interest in Opuwo Cobalt Project. (~8.7%) • Gecko Namibia to become the largest shareholder of Celsius as a result of the transaction. • New licences surrounding Opuwo totaling approximately 782 km2 acquired from Gecko Na
Slide 11: 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 12: Immediate Drilling Success
Immediate Drilling Success For personal use only • 56 holes completed by Celsius to August 2017. • Highlights from first 41 holes returned: 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
Slide 13: Immediate Drilling Success
Immediate Drilling Success For personal use only Refer ASX Releases April – July 2017 13
Slide 14: 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. Mineralisat
Slide 15: 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 16: New Zone Discovery? – August 2017
New Zone Discovery? – August 2017 For personal use only • New mineralised zone discovered 350 metres north of known DOF horizon. • Potential for significant additional tonnage. • Potential positive effect on mining strip ratios. • Geometry to be confirmed with additional 4 holes, currently in progre
Slide 17: 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. • Mineralisation is pyrite, chalcopyrite (copper sulphide), cattierite (cobalt sulphide) & sphalerit
Slide 18: 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 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