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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (42008)	4/16/2018 10:42:13 AM
From: Goose94	Read Replies (1) \| Respond to of 202934

Namibia Rare Earths (NRE-V) from Don Burton, President As anticipated, Celsius Resources (CLA-ASX) has released its maiden JORC compliant mineral resource estimate for their Opuwo Cobalt Project (“Opuwo”) in Namibia. The size of the resource is >100 million tonnes which has greatly exceeded their exploration target of 33-41 million tonnes and confirms the potential to develop a world-class cobalt mine in northern Namibia. The deposit is open in all directions. This is the same area where Namibia Rare Earths (“NRE” or the “Company”) has identified multiple cobalt targets from regional geochemical surveys over our adjacent Kunene Co-Cu Project (“Kunene”) as indicated in Company press releases of March 5 and March 26, 2018. The JORC compliant resource reported by Celsius is 112.4 million tonnes at a grade of 0.11% cobalt, 0.41% copper, and 0.43% zinc, at a cut-off grade of 0.06% (or 600 ppm) cobalt. Note that JORC totals Indicated + Inferred resources. The Mineral Resource estimate represents contained cobalt of 126,100 tonnes and consists of: • 72.0 million tonnes at a grade of 0.11% cobalt, 0.42% copper and 0.41% zinc in the Indicated category, and a further • 40.5 million tonnes at a grade of 0.12% cobalt, 0.41% copper and 0.46% zinc in the Inferred category. Celsius has also confirmed it is expecting to deliver a Project Scoping Study on Opuwo towards the end of Q2, 2018. A copy of the press release issued April 16, 2018 by Celsius is attached. The news is important to shareholders of NRE as the Company holds a significant land position in the Kunene Co-Cu Project which is contiguous with Opuwo. The mineralization at Opuwo is stratabound in nature and occurs in a well defined sedimentary horizon termed the Dolomite Ore Formation (“DOF”). Extensions of the DOF are interpreted to extend across the NRE ground over a potential strike length of 40 km. As announced on March 26, 2018 NRE is preparing to fly an airborne EM survey covering all cobalt regional anomalies identified on its Kunene ground by the regional geochemical surveys. Today’s announcement by Celsius should firmly draw attention to the developing story of an emerging cobalt district in northern Namibia. Regards, Donald M. Burton, P.Geo.