Name of the Project
Opuwo cobalt project.

Location
The project consists of four exclusive prospecting licences covering about 1 470 km², in north-west Namibia.

Client
Celsius Resources.

Project Description
A scoping study has confirmed the potential for a large-scale, long-life operation at the Opuwo project.

The project currently hosts a mineral resource of 112.4-million tonnes, grading 0.11% cobalt, 0.41% copper and 0.43% zinc, containing an estimated 126 100 t of cobalt.

The study has identified two process routes that are technically viable to produce downstream products from the Opuwo mineral resource.

The current base case for downstream processing of sulphide concentrates to be produced at Opuwo consists of a sulphating roast followed by atmospheric water leaching of the residue.

An alternative proposal for leaching of the Opuwo concentrates involves a moderate temperature and pressure autoclave.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Value
Not stated.

Duration
Not stated.

Latest Developments
A prefeasibility study is scheduled for completion in the third quarter of 2019, with a decision to mine expected by the second half of 2020.

Key Contracts and Suppliers
HydrometWA Mineral Consultants, Orway Mineral Consultants, SGS Australia, SENET, Gecko Namibia (metallurgy and process development); Orway Mineral Consultants, SENET, Pivot Mining Consulting (capital and operating expenditure estimates); DMT Kai Batla, Gecko Namibia (geology, exploration and resources); Pivot Mining Consultants, Auralia Mining Consulting (mining studies); SLR Consulting (environmental, water and social studies); WWL Consulting Engineers and Scientists (tailings storage facility design); and EMCON Consulting (power).

On Budget and on Time?
Not stated.

Contact Details for Project Information
Celsius Resources, tel +61 8 6188 8181 or email info@celsiusresources.com.au.