By: Staff writer
Opuwo’s cobalt project could potentially produce cobalt for over 40 years.
This follows the confirmation of Aim- and ASX-listed Celsius Resources’ renewal of the exclusive prospecting licence for the Opuwo cobalt project. The project is held under its Namibian subsidiary Opuwo Cobalt.
The Ministry of Mines and Energy issued the two-year renewal of the exclusive prospecting licence for EPL 4346, which covers about 683 km2, on October 11.
This renewal will enable the mining company to further evaluate the project’s viability, with a view to finding a suitable partner.
“This project can potentially produce non-conflict cobalt in a politically stable country for more than 40 years. With the renewal of the permit and recent positive metallurgical test work results, we anticipate this will attract potential partners in the project,” said Celsius MD Peter Hume.
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