Celsius Resources Limited (ASX:CLA) is aiming to define a long life, reliable source of cobalt at Opuwo, Namibia. The Company considers the Project to have the following advantages:
- Large scale.
- Favourable mineralogy: cobalt, copper and zinc sulphide minerals.
- Low in deleterious elements: notably arsenic, cadmium and uranium.
- Mining friendly, politically stable and safe location with excellent infrastructure.
- Cobalt: best exposure to lithium ion battery boom.
A maiden JORC Compliant Indicated and Inferred Mineral Resource was announced on 16 April, 2018, comprising 112.4 million tonnes, grading 0.11% cobalt, 0.41% copper and 0.43% zinc, at a cut-off grade of 0.06% cobalt, establishing Opuwo as a significant potential future source of cobalt on the world stage.