1. Most Discussed
  2. Gainers & Losers
CLA 23.5¢

CELSIUS RESOURCES LIMITED.

Refresh
11,461 posts · 46,380 Monthly Visits *


HIGHLIGHTS

  • Maiden Indicated and Inferred Mineral Resource of 112.4 million tonnes, grading 0.11% cobalt, 0.41% copper and 0.43% zinc, at a cut-off grade of 0.06% cobalt.
  • 126,100 tonnes of contained cobalt significantly exceeds the Company’s expectation and its previously announced exploration target.
  • Mineralised zones comprising the resource are open in all directions, with excellent scope for expansion with further drilling.
  • The Mineral Resource will form the basis of the Project Scoping Study for Opuwo, for which key work programs are advancing well, with delivery expected late in Q2, 2018.


Celsius Resources Limited is very pleased to declare a maiden JORC compliant Mineral Resource at its 95% owned Opuwo Cobalt Project (“Project”) in Namibia.

The Mineral Resource estimate comprises 112.4 million tonnes at a grade of 0.11% cobalt, 0.41% copper, and 0.43% zinc, at a cutoff grade of 0.06% (or 600 ppm) cobalt. The Mineral Resource estimate represents contained cobalt of 126,100 tonnes and consists of:

  • 72.0 million tonnes at a grade of 0.11% cobalt, 0.42% copper and 0.41% zinc in the Indicated category, and a further
  • 40.5 million tonnes at a grade of 0.12% cobalt, 0.41% copper and 0.46% zinc in the Inferred category.

The resource has been further split by ore type, as specified in Table 1. Over 95% of the Mineral Resource is comprised of the fresh sulphide ore type, a key feature of the Opuwo Project.



Celsius Managing Director, Brendan Borg commented:

“The maiden JORC Mineral Resource for the Opuwo Project meaningfully exceeds the Company’s expectations. This is an important milestone that has defined a globally significant potential future cobalt source at Opuwo. The results of the external resource modelling and estimation confirm the consistent and expansive scale of the Project. We are confident that further drilling, which is already underway, will enable future upgrades to the maiden JORC Mineral Resource. The Mineral Resource will underpin our Project Scoping Study, for which key work programs are advancing well.”


Click here to view the full announcement

This is a paid advertisement. HotCopper does not endorse, approve or take responsibility for the statements made.
Forum
Stock Code
SubjectView as
Poster
Views
Rating
Date
    ×
    Australia's leading analysts are standing by.
    Ask any question FREE on any ASX listed company, we will answer your question by next business day and give you share recommendations from our Award-Winning team, FREE for 21 days
  1. Sponsored
  2. 3,402
    1
    01:1701:17
  3. 3,402
    1
    00:2100:21
  4. 294,656
    4
    23/04/1823/04
  5. 10,501
    23/04/1823/04
  6. 294,656
    3
    23/04/1823/04
  7. 10,501
    13
    23/04/1823/04
  8. 3,402
    4
    23/04/1823/04
  9. 83,015
    2
    23/04/1823/04
  10. 294,656
    3
    23/04/1823/04
  11. 10,501
    6
    23/04/1823/04
  12. 10,501
    5
    23/04/1823/04
  13. 294,656
    14
    23/04/1823/04
  14. 10,501
    2
    23/04/1823/04
  15. 294,656
    2
    23/04/1823/04
  16. 10,501
    3
    23/04/1823/04
  17. 294,656
    7
    23/04/1823/04
  18. 294,656
    6
    23/04/1823/04
  19. 294,656
    1
    23/04/1823/04
  20. 5,705
    9
    23/04/1823/04
  21. 10,501
    3
    23/04/1823/04
  22. 10,501
    1
    23/04/1823/04
  23. 10,501
    23/04/1823/04
  24. 10,501
    5
    23/04/1823/04
  25. 10,501
    2
    23/04/1823/04
  26. 10,501
    23/04/1823/04
  27. 10,501
    11
    23/04/1823/04
  28. 10,501
    31
    23/04/1823/04
  29. 294,656
    10
    23/04/1823/04
  30. 10,501
    3
    23/04/1823/04
  31. 10,501
    10
    23/04/1823/04
  32. 294,656
    5
    23/04/1823/04
  33. 10,501
    70
    23/04/1823/04
  34. 294,656
    23/04/1823/04
  35. 294,656
    3
    23/04/1823/04
  36. 5,705
    23/04/1823/04
  37. 5,705
    4
    23/04/1823/04
  38. 6,727
    1
    23/04/1823/04
  39. 5,705
    11
    23/04/1823/04
  40. 6,727
    35
    23/04/1823/04
  41. 5,705
    12
    23/04/1823/04
  42. 5,705
    15
    23/04/1823/04
  43. 5,705
    7
    23/04/1823/04
  44. 5,705
    14
    23/04/1823/04
  45. 5,705
    19
    23/04/1823/04
  46. 5,705
    23/04/1823/04
  47. 5,705
    15
    23/04/1823/04
  48. 5,705
    4
    23/04/1823/04
  49. 294,656
    1
    23/04/1823/04
  50. 5,705
    13
    23/04/1823/04
  51. 5,705
    1
    23/04/1823/04
  52. 5,705
    12
    23/04/1823/04
  53. 5,705
    20
    23/04/1823/04
  54. 294,656
    2
    23/04/1823/04
  55. 294,656
    4
    23/04/1823/04
  56. 294,656
    8
    23/04/1823/04
  57. 10,501
    4
    23/04/1823/04
  58. 5,705
    9
    23/04/1823/04
  59. 294,656
    11
    23/04/1823/04
  60. 10,501
    23/04/1823/04
  61. 10,501
    7
    23/04/1823/04
  62. 5,705
    9
    23/04/1823/04
  63. 5,705
    8
    23/04/1823/04
  64. 10,501
    7
    23/04/1823/04
  65. 10,501
    4
    23/04/1823/04
  66. 10,501
    3
    23/04/1823/04
  67. 9,699
    23/04/1823/04
  68. 10,501
    13
    23/04/1823/04
  69. 10,501
    12
    23/04/1823/04
  70. 10,501
    12
    23/04/1823/04
  71. 10,501
    23/04/1823/04
  72. 10,501
    10
    23/04/1823/04
  73. 3,402
    3
    23/04/1823/04
  74. 3,402
    1
    23/04/1823/04
  75. 10,501
    3
    23/04/1823/04
  76. 3,402
    23/04/1823/04
  77. 3,402
    23/04/1823/04
  78. 3,402
    2
    23/04/1823/04
  79. 10,501
    5
    23/04/1823/04
  80. 6,727
    2
    22/04/1822/04
  81. 10,501
    167
    22/04/1822/04
  82. 6,727
    17
    22/04/1822/04
  83. 6,727
    6
    22/04/1822/04
  84. 3,402
    7
    22/04/1822/04
  85. 3,402
    9
    22/04/1822/04
  86. 6,727
    3
    22/04/1822/04
  87. 6,727
    10
    22/04/1822/04
  88. 6,727
    1
    22/04/1822/04
  89. 6,727
    2
    22/04/1822/04
  90. 6,727
    15
    22/04/1822/04
  91. 6,727
    8
    22/04/1822/04
  92. 6,727
    22/04/1822/04
  93. 3,402
    22/04/1822/04
  94. 3,402
    22/04/1822/04
  95. 9,699
    4
    22/04/1822/04
  96. 3,402
    1
    22/04/1822/04
  97. 3,402
    12
    22/04/1822/04
  98. 6,727
    18
    22/04/1822/04
  99. 83,015
    4
    22/04/1822/04
  100. 95,317
    5
    22/04/1822/04
  101. 83,015
    2
    22/04/1822/04
Top

Thank you for visiting HotCopper

We have detected that you are running ad blocking software.


HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.