Celsius Resources prepares maiden cobalt resource
A scoping study and resource definition will occur at Opuwo in the first quarter of 2018.
Company
ASX:CLA
Celsius Resources Ltd is a multi-asset copper and gold resources company with a robust portfolio of geographically diverse projects in the Philippines. The company’s flagship project, Maalinao-Caigutan-Biyog (MCB), is situated on the country’s main island of Luzon, just 320 km north of Manilla, with good access to key transport and export infrastructure.
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A scoping study and resource definition will occur at Opuwo in the first quarter of 2018.
The company has a 15,000 metre cobalt resource drilling program underway.
The halt will remain in place until Thursday 26th October 2017.
The halt will remain in place until Tuesday 5th September 2017.
The demand for cobalt containing battery materials for electric vehicles is rapidly increasing
Continued strength in the cobalt price increases the appeal of the project.
Celsius is looking to develop the Opuwo Cobalt Project in Namibia.
Assay news flow is pending from reverse circulation drilling.
Mineralisation extends to surface and grades appear to increase with depth.
The halt will remain in place until Thursday 20th April 2017.
The halt will remain in place until Friday 31st March 2017.
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