trending Market Intelligence /marketintelligence/en/news-insights/trending/woYAQ0MIXbziC9vtc0DQkQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Celsius secures 76% earn-in option over Namibian cobalt project

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020

Celsius secures 76% earn-in option over Namibian cobalt project

Celsius Resources Ltd. on Jan. 19 said it acquired an option to earn up to a 76% stake in the highly prospective Opuwo cobalt project in Namibia by fully acquiring project holder Opuwo Cobalt Pty. Ltd.

The company will issue 27,777,773 shares to shareholders of Opuwo Cobalt following approval at a meeting.

The company has paid A$25,000 for a three-month exclusive option.

The ASX-listed company will earn an initial 30% stake in the project by spending A$500,000 within six months after exercising the option to proceed.

The company will have to spend another A$1 million in one year to earn the next 30% stake, and the final 16% will be earned by spending a further A$1 million within six months.

Following the earning of the 76% interest, all parties will be required to contribute to exploration.

The cobalt-copper mineralization at the Opuwo is hosted in the dolomite ore formation within the Neoproterozoic Ombombo Subgroup of the Kaoko Belt in northern Namibia.

Celsius plans to start initial drilling with a cost of A$200,000 to A$350,000, subject to finalization of drilling techniques. The company will plan further exploration work on the results of this first phase of drilling.