Celsius Resources Limited provided an update on ongoing resource development drilling at its 95% owned Opuwo Cobalt Project (project) in Namibia. A potentially highly significant extension to the existing Mineral Resource and Exploration Target zones, dubbed the DOF Northwest Anticline Target, has been confirmed with the latest resource development drilling at the Project. This new zone is characterized by thicker than average and significantly flatter dipping DOF style mineralization than occurs elsewhere within the Mineral Resource, allowing the Company to consider alternative mining techniques as part of the ongoing Project studies. Assay results are pending from hole DOFD0269, located approximately 1.5 km from the outcropping DOF, where geological logging has identified a mineralized intercept of greater than 10 meters. Further drilling in planned for this zone as a priority when site operations recommence this week. The company considers the Project to have the following advantages: Large scale. Favorable mineralogy: cobalt and copper sulphide minerals. Low in deleterious elements: notably arsenic, cadmium and uranium. Mining friendly, politically stable and safe location with excellent infrastructure. Cobalt: best exposure to lithium ion battery boom. The Opuwo Cobalt Project is located in northwestern Namibia, approximately 800 km by road from the capital, Windhoek, and approximately 750 km from the port at Walvis Bay. The Project has excellent infrastructure, with the regional capital of Opuwo approximately 30 km to the south, where services such as accommodation, fuel, supplies, and an airport and hospital are available. Good quality bitumen roads connect Opuwo to Windhoek and Walvis Bay. The Ruacana hydro power station (320 MW), which supplies a majority of Namibia's power, is located nearby, and a 66 kV transmission line passes through the eastern boundary of the Project. The Opuwo Project consists of four Exclusive Prospecting Licences covering approximately 1,470 km2. A maiden JORC Compliant Indicated and Inferred Mineral Resource was announced on 16 April, 2018, comprising 112.4 million tonnes, grading 0.11% cobalt, 0.41% copper and 0.43% zinc, at a cut-off grade of 0.06% cobalt.