industry trade publication; leads with the technical resource estimate and concentrates on what the deal means for Australian junior mining stocks and the viability of remaining non-Chinese cobalt development

Provides the most detailed technical breakdown of the Opuwo resource, noting its relatively high cobalt-to-copper ratio makes it more attractive for battery-grade cobalt than for copper production. Points out that Celsius was the last Australian-listed junior with a development-ready Namibian cobalt asset; the exit leaves no non-Chinese-controlled primary cobalt project in Namibia at development stage.

“With Celsius out, no non-Chinese developer holds a shovel-ready cobalt project in Namibia, a country that Western agencies had flagged as a future supply alternative to the DRC.”