Slide 1: Investor Presentation – Opuwo Cobalt Project
For personal use only Investor Presentation – Opuwo Cobalt Project March 2017
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 materials
Focus on cobalt and other battery materials • Immense future demand for cobalt – electric vehicles, house storage, smartphones, tablets For personal use only • Supply concerns – DRC dominant producer, sovereign risk issues, ethical concerns • Signficant price increases in 2017 and further upside rem
Slide 4: Cobalt: a commodity in demand
Cobalt: a commodity in demand For personal use only • Substantial price appreciation to date in 2017 to USD22/lb (USD48,000/t) • Prevailing prices forecast based on supply shortfall • Increased demand will exacerbate supply shortfall, providing further price upside • In 2015, 25% of global cobalt su
Slide 5: Cobalt battery usage
Cobalt battery usage 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 electronic vehicles 5 Source: CRU
Slide 6: Cobalt supply
Cobalt supply For personal use only Approximately 60% of global production is sourced from the DRC New supply actively sought, especially from ethical sources, due to sovereign risk >5% global production 6
Slide 7: Celsius Resources
Celsius Resources For personal use only Capital Structure Directors/Management • 318.9M shares (CLA) • Bill Oliver (Non Exec Chair) • Ranko Matic (Non Exec Director / Company Sec) • 110.8M listed options (CLAO) • Alistair Muir (Non Exec Director) • Mkt Cap 16.3M at $0.038 • Brendan Borg (Board Consu
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 • 150km f
Slide 9: Opuwo Project: large-scale copper-cobalt target
Opowu Project: large-scale copper-cobalt-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 a organic carbon rich, marly dolomitic horizon in a sequence of cl
Slide 10: Mapping the DOF horizon
Mapping the DOF horizon For personal use only • DOF horizon initially identified by surface outcrop, extensions traced using high res aeromagnetics • Over 30km of strike interpreted, with approximately 20km of outcrop mapped and sampled • Areas under cover correlate with structural features, likely
Slide 11: Mineralisation at Surface
Mineralisation at Surface For personal use only • Historical surface sampling of DOF horizon returned: • 12 assays greater than 1000ppm Co • 4 samples greater than 2000ppm Co • Max of 4300ppm Co 11 Refer ASX Release 30 January 2017
Slide 12: Mineralisation at Surface
Mineralisation at Surface For personal use only • Historical trenching results indicate potential: • 3m at 2714ppm Co + 0.30% Cu + 1.09% Zn (K-T4) • 2m at 2490ppm Co + 0.50% Cu + 1.30% Zn (K-T5) • 2m at 1635ppm Co + 0.20% Cu + 0.54%Zn (K-T3) • 3m at 1586ppm Co + 0.02% Cu + 0.80%Zn (K-T6) 12 Refer AS
Slide 13: Historic Drilling
Historic Drilling For personal use only • Seven holes drilled to test DOF horizon • Only two holes analysed for cobalt (DOF01 & DOF02): • 8m at 1137ppm Co + 0.54% Cu + 0.53% Zn from 60.4m (DOF02) • 4.65m at 1153ppm Co + 0.55% Cu + 0.59% Zn from 106.65m (DOF01) 13 Refer ASX Release 19 January 2017
Slide 14: Historic Drilling
Historic Drilling For personal use only • Drilling tested below outcropping DOF horizon • DOF zone easily traceable in between holes • Deformation of sequence by folding and NW-SE shearing results in increase in thickness of DOF • “Broad DOF” = anomalous Cu-Co zone above main DOF horizon 14 Refer AS
Slide 15: Recent Activities
Recent Activities For personal use only • Site visit undertaken by Brendan Borg, consultant to CLA • CLA verification sampling confirmed historical results: • 5 samples returned assays greater than 1000ppm Co • Maximum assay returned of 3655ppm Co 15 Refer ASX Release 30 January 2017
Slide 16: Next phase: Drilling
Next phase: Drilling For personal use only • Drilling to commence in early March, aiming to test: • Strike extensions to mineralisation identified in historical drilling • Below mineralisation identified in historical trenching and surface sampling • Interpreted DOF horizon below shallow cover 16 Re
Slide 17: 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 18: Peer Comparison
Company Mkt Cap Project Deposit Type Resource (Code) ($M) Co Grade Peer Comparison Metals X 505 Wingellina Laterite Ni-Co 0.08% (MLX) CleanTeq 424 Syerston Laterite Ni-Co-Sc 0.10% (CLQ) For personal use only Drill intersections of 0.11% Co Panoramic (PAN) 155 Savannah Ni-Co sulphide 0.11% at Opuwo a
Slide 19: Next stop – the drill rig!
Next stop – the drill rig! For personal use only
Slide 20: Competent Persons Statement
Competent Persons Statement For personal use only The information in this report that relates to Exploration Results for the Celsius sampling at the Opuwo Cobalt Project complies with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (
Slide 21: For personal use only
For personal use only ASX.CLA www.celsiusresources.com.au info@celsiusresources.com.au +61 8 9226 4500