RCS - Celsius Resources Ld - Namibian Government Clarification

Celsius ResourcesAnnouncement

08/06/2023 07:30

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RNS Number : 0878C  Celsius Resources Limited  08 June 2023

8 June 2023
 
Celsius Resources Limited ("Celsius" or the "Company")
 Namibian Government addresses misconceptions on proposed mining stakes

On 2 June 2023, the Board of Celsius communicated with shareholders as
 follows:

 "Dear Shareholder

 You may have read various news reports earlier this week stating Namibia
 might consider targeting stakes in resource companies to reap more value from
 its mineral wealth.

The Ministry of Mines and Energy has released a statement rejecting "these
 wrong perceptions", confirming that the Namibian Government has no intention
 of seizing any stake from existing mineral or petroleum license holders and
 remains committed to uphold the sanctity of existing contracts.

As such, it is CLA's understanding that the Namibian government will not be
 taking a minority stake in CLA's Opuwo Cobalt Project.

Celsius Resources thanks The Ministry for its clarification and looks forward
 to further developing the Opuwo Cobalt Project.

To read the full release from the Ministry, please see the media statemen
 (https://celsiusresources.com/wp-content/uploads/2023/06/Clarity-by-Hon-Alweendo-on-Parliamentary-Workshop_20230602.pdf)
 t
 (https://celsiusresources.com/wp-content/uploads/2023/06/Clarity-by-Hon-Alweendo-on-Parliamentary-Workshop_20230602.pdf)
 here
 (https://celsiusresources.com/wp-content/uploads/2023/06/Clarity-by-Hon-Alweendo-on-Parliamentary-Workshop_20230602.pdf)
 ."

On 2 June 2023, the Board of Celsius communicated with shareholders as
 follows:

 "Dear Shareholder

 You may have read various news reports earlier this week stating Namibia
 might consider targeting stakes in resource companies to reap more value from
 its mineral wealth.

The Ministry of Mines and Energy has released a statement rejecting "these
 wrong perceptions", confirming that the Namibian Government has no intention
 of seizing any stake from existing mineral or petroleum license holders and
 remains committed to uphold the sanctity of existing contracts.

As such, it is CLA's understanding that the Namibian government will not be
 taking a minority stake in CLA's Opuwo Cobalt Project.

Celsius Resources thanks The Ministry for its clarification and looks forward
 to further developing the Opuwo Cobalt Project.

To read the full release from the Ministry, please see the media statemen
 (https://celsiusresources.com/wp-content/uploads/2023/06/Clarity-by-Hon-Alweendo-on-Parliamentary-Workshop_20230602.pdf)
 t
 (https://celsiusresources.com/wp-content/uploads/2023/06/Clarity-by-Hon-Alweendo-on-Parliamentary-Workshop_20230602.pdf)
 here
 (https://celsiusresources.com/wp-content/uploads/2023/06/Clarity-by-Hon-Alweendo-on-Parliamentary-Workshop_20230602.pdf)
 ."

 On 2 June 2023, the Board of Celsius communicated with shareholders as
 follows:

 "Dear Shareholder

 You may have read various news reports earlier this week stating Namibia
 might consider targeting stakes in resource companies to reap more value from
 its mineral wealth.

The Ministry of Mines and Energy has released a statement rejecting "these
 wrong perceptions", confirming that the Namibian Government has no intention
 of seizing any stake from existing mineral or petroleum license holders and
 remains committed to uphold the sanctity of existing contracts.

As such, it is CLA's understanding that the Namibian government will not be
 taking a minority stake in CLA's Opuwo Cobalt Project.

Celsius Resources thanks The Ministry for its clarification and looks forward
 to further developing the Opuwo Cobalt Project.

To read the full release from the Ministry, please see the media statemen
 (https://celsiusresources.com/wp-content/uploads/2023/06/Clarity-by-Hon-Alweendo-on-Parliamentary-Workshop_20230602.pdf)
 t
 (https://celsiusresources.com/wp-content/uploads/2023/06/Clarity-by-Hon-Alweendo-on-Parliamentary-Workshop_20230602.pdf)
 here
 (https://celsiusresources.com/wp-content/uploads/2023/06/Clarity-by-Hon-Alweendo-on-Parliamentary-Workshop_20230602.pdf)
 ."

 

For further information, please contact:

 

Company enquiries

Kellie Davis

Company Secretary

P: +61 8 6245 9438

E: info@celsiusresources.com.au

 

Celsius Resources Contact Information

 

Celsius Resources Limited

Peter Hume       P: +61 2 8072 1400

E: info@celsiusresources.com.au

W: www.celsiusresources.com

 

Multiplier Media

Jon Cuthbert

 

M: +61 402 075 707

E: jon.cuthbert@multiplier.com.au

 

Beaumont Cornish Limited

(Nominated Adviser)

Roland Cornish/Felicity Geidt/Andrew Price

+44 (0) 207 628 3396

 

SPAngel

(Broker)

John Meyer/Ewan Leggat/Harry Davies-Ball

+44 20 3470 0470

 

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