CLA to do Scoping Study on basis of cobalt-copper confirmation

By Trevor Hoey. Published at Jul 3, 2017, in Small Caps

Finfeed presents this information for the use of readers in their decision to engage with this product. Please be aware that this is a very high risk product. We stress that this article should only be used as one part of this decision making process. You need to fully inform yourself of all factors and information relating to this product before engaging with it.

Having received the results of assays that confirm the presence of cobalt-copper mineralisation over approximately 15 kilometres of strike at the Opuwo cobalt project in Namibia, Celsius Resources (ASX: CLA) is preparing to embark on the scoping study.

Overall, the results are consistent with previous batches of results received, and importantly continue to show potential for higher grade zones within the extensive mineralised system.

Importantly, mineralisation extends to surface or near surface along the entire length investigated to date and has now been demonstrated to extend to a vertical depth of at least 150 metres.

This comes at an ideal time as the cobalt price claimed a new eight-year high of US$60,000 per tonne on June 30, 2017.

Commenting on upcoming developments, CLA’s Managing Director, Brendan Borg said, “The next step in the process is to commence studies to evaluate the key areas of metallurgy and mining engineering, and pending positive outcomes from these preliminary studies the company will embark on an aggressive resource drilling campaign in September 2017”.

As can be seen from the diagram below, new sample assays have extended cobalt-copper mineralisation across a distance of 15 kilometres with significant intercepts using a cut-off grade of 0.05% cobalt.

These included 5 metres grading 0.18% cobalt and 0.55% copper from 84 metres, including 3 metres grading 0.21% cobalt and 0.68% copper from 85 metres.

Overall this is an early stage play and as such any investment decision should be made with caution and professional financial advice should be sought.

View Our Investment Portfolios



S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!