Celsius Resources Limited, formerly Celsius Coal Limited, is an Australia-based company principally engaged in the business of mineral exploration. The Company is focused on Cobalt Project. The Company’s projects include Opuwo Cobalt and Abednegno Hill and Carnilya Hill. Cobalt has a diverse range of metallurgical and chemical uses ranging from aircraft engines to rechargeable batteries. The Opuwo Cobalt Project is located in northwestern Namibia, approximately 800 kilometer by road from the capital, Windhoek, and approximately 750 kilometer from the port at Walvis Bay. The Ruacana hydro power station 320 megawatt (MW), which supplies the majority of Namibia’s power, is located nearby, and a 66 kV transmission line passes through the eastern boundary of the Project. The Abednegno Hill Nickel Project is located to the south and west of Minara Resources’ Murrin Murrin nickel mine.