04
Nov
Chamwe Kaira Celsius Resources has continued its divestment process for the Opuwo Cobalt project in Namibia, with several interested parties conducting due diligence. The company said in its quarterly report for the period ended 30 September that the project’s exploration licence renewal is still under review by the Ministry of Industries, Mines and Energy. Celsius ended the quarter with about N$29 million (A$2.39 million) in cash, including around N$18 million (A$1.49 million) held by MMCI. It spent about N$53 million (A$4.37 million) on exploration and evaluation during the quarter, while payments to related parties totalled roughly N$6.6 million (A$537 000),…
