Resources Top 5: Celsius runs hot on US$15m copper sale; rare earths BFS pulls BCM to 3-year high

Celsius Resources sells stake in Opuwo Cobalt-Copper Project

Celsius Resources has agreed to sell its 95% stake in the Opuwo Cobalt-Copper Project in Namibia to Chinalco Mining, a subsidiary of Aluminium Corporation of China, for US$15 million. Opuwo is a large, advanced exploration project in Namibia’s Kunene Region, with a resource of 225.5 million tonnes grading 0.12% cobalt, 0.43% copper and 0.54% zinc, […] The post Celsius Resources sells stake in Opuwo Cobalt-Copper Project appeared first on UK Inve…

Resources Top 5: Celsius runs hot on US$15m copper sale; rare earths BFS pulls BCM to 3-year high

Celsius sells Opuwo cobalt and copper deposit to Chinese giant Chinalco for US$15m Brazilian Critical Minerals hits three-year high on BFS for Ema rare earths project Zuleika Gold lifts as investors take in merger of Creasy cash boxes Celsius Resources (ASX:CLA) Namibia is emerging as one of the most exciting if yet unfulfilled copper domains across the globe, with exploration success stories like Midas Minerals (ASX:MM1) and IPOs like Kaoko Met…

Celsius Resources to sell 95% Opuwo project interest to Chinalco for US$15 million

Celsius Resources (ASX:CLA) has this morning executed a binding sales agreement to sell its 95% interest in the Opuwo cobalt-copper project in Namibia to Chinalco Mining Corp for US$15 million (A$21.7 million). The CY27 sale includes an intercompany loan and Celsius’ interest in Opuwo Cobalt Holdings as well. Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, A…