#JustIn: Celsius suffers another loss at Opuwo
Celsius Resources’ net assets from its exploration activities in Namibia amounted to nearly US$14.5 million or more than N$270 million at the end of last year.
Celsius owns the Opuwo cobalt project in Namibia and is listed on the Development Capital Board (DevX) of the Namibian Stock Exchange (NSX), the Australian Stock Exchange (ASX) and the Alternative Investment Market (AIM) of the London Stock Exchange (LSX).
The ministry of mines and energy last October renewed Celsius’ exclusive prospecting licence (EPL) for the Opuwo project, which covers about 683 km², for two years.
“The renewed license will enable Celsius to further evaluate the project’s viability and strategically unlock its potential value with a view to finding a suitable partner,” the company said.
Celsius suffered a loss before income tax of US$28 062 or about N$528 000 for its Namibian operations for the six months ended 31 December 2023, down from the loss of about US$81 002 reported in the same half-year in 2022.
Celsius owns the Opuwo cobalt project in Namibia and is listed on the Development Capital Board (DevX) of the Namibian Stock Exchange (NSX), the Australian Stock Exchange (ASX) and the Alternative Investment Market (AIM) of the London Stock Exchange (LSX).
The ministry of mines and energy last October renewed Celsius’ exclusive prospecting licence (EPL) for the Opuwo project, which covers about 683 km², for two years.
“The renewed license will enable Celsius to further evaluate the project’s viability and strategically unlock its potential value with a view to finding a suitable partner,” the company said.
Celsius suffered a loss before income tax of US$28 062 or about N$528 000 for its Namibian operations for the six months ended 31 December 2023, down from the loss of about US$81 002 reported in the same half-year in 2022.
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Namibian Sun
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