Sign up Australia
Proactive Investors - Run By Investors For Investors

Celsius Resources to lift cash balance as five rigs spin for cobalt in Namibia

The halt will remain in place until Thursday 26th October 2017.
Celsius Resources to lift cash balance as five rigs spin for cobalt in Namibia
The company's shares are in pre-open

Celsius Resources Ltd (ASX:CLA) has a 15,000 metre cobalt resource drilling program underway at its 95%-owned Opuwo Cobalt Project in Namibia.

Five rigs are spinning with the program expected to wrap up in mid-December.

Preliminary results from the metallurgical and mineralogical studies currently being undertaken have been encouraging, confirming simple sulphide mineralogy.

Celsius is now heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

The halt will remain in place until the opening of trade on Thursday 26th October 2017, or earlier if an announcement is made to the market.

View full CLA profile View Profile

Celsius Resources Ltd Timeline

Related Articles

1517945503_serbian-landscape.jpg
February 07 2018
Zeleznik is one of the four licenses being sole funded under the option agreement between Mundoro and JOGMEC
1520437311_Kwale-workers.jpg
March 08 2018
The Kwale mine in Kenya is now a major player in the ilmenite, rutile and zircon markets
copper ore
April 10 2018
The AIM-listed junior now sees at least 20 years of operations at the Newfoundland-based copper/gold operation

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use