https://www.miningweekly.com
Energy|Financial|Mining|PROJECT|Resources
Energy|Financial|Mining|PROJECT|Resources
energy|financial|mining|project|resources

Celsius receives renewed prospecting licence for Namibia cobalt project

6th November 2023

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

Aim- and ASX-listed Celsius Resources has received confirmation of the renewal of the exclusive prospecting licence for the Opuwo cobalt project, which is held under its Namibian subsidiary Opuwo Cobalt.

The Namibian Ministry of Mines and Energy issued the two-year renewal of the exclusive prospecting licence for EPL 4346, which covers about 683 km2, on October 11.

This will enable Celsius to further evaluate the project’s viability, with a view to finding a suitable partner.

Ongoing trade-off studies on mining costs, production rates and the possibility of processing oxide ores are being conducted to determine the viability and financial outcomes.

“This is a positive development, as we are currently reviewing the Opuwo project to understand how we can strategically unlock its potential value given the high demand for cobalt from the electric vehicles sector.

“This project can potentially produce non-conflict cobalt in a politically stable country for more than 40 years. With the renewal of the permit and recent positive metallurgical test work results, we anticipate this will attract potential partners in the project,” says Celsius MD Peter Hume

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Latest News

The QB mine in Chile is ramping up.
Teck increases copper production with QB ramp-up
25th April 2024 By: Mariaan Webb

Showroom

AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.115 0.152s - 89pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: