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Celsius Resources begins airborne survey at Namibian cobalt project

Last updated: 16:26 19 Jul 2018 AEST, First published: 02:26 19 Jul 2018 AEST

Hand with raised thumb coloured with Namibian flag
The Opuwo project is in Namibia's north, near the border with Angola

Celsius Resources Ltd (ASX:CLA) has begun an airborne electromagnetic survey at its Opuwo Cobalt Project in Namibia.

Around 650 line kilometres have been completed out of a planned 6,090 kilometres with the final interpreted results expected by October.

READ: Celsius Resources attracts $9 million to progress cobalt project in Namibia

Celsius managing director Brendan Borg said commencing the survey was an exciting milestone for exploration in the region.

He said: “[The survey] will assist in understanding the potential still to be uncovered at the project.

“This is the first time a geophysical survey of this nature has been conducted in the region and we look forward to further investigating targets that may be generated as the survey progresses.”

Results to include wider regional data

The survey aims to assist in geological mapping of near-surface conductive sedimentary horizons and delineate discrete conductive zones along those sedimentary horizons.

It also intends to detect deeper discrete conductive bodies that may be related to deeper stockwork or semi-massive/massive sulphide mineralisation in feeder zones.

Surveying has started on the neighbouring project held by Namibia Critical Metals Inc (CVE:NMI) and is flying parts of the Celsius project area during this time to maximise operational efficiency.

Celsius has agreed to share data with Namibia Critical Metals to allow an integrated regional interpretation of the results.

READ: Celsius Resources shares rise on maiden cobalt resource in Namibia

The Opuwo project is in northwest Namibia and has an inferred resource of 112.4 million tonnes at 0.11% cobalt, 0.41% copper and 0.43% zinc.

Celsius considers Opuwo to be large-scale with favourable mineralogy and low in deleterious elements.

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