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Celsius Resources ( (AU:CLA) ) just unveiled an update.
Celsius Resources has released a Definitive Feasibility Study for its Maalinao-Caigutan-Biyog copper-gold project in the Philippines, confirming a technically and economically robust operation built on a JORC-compliant mineral resource of 343Mt and a maiden ore reserve of 130.2Mt, supporting a projected 35-year mine life. The study outlines pre-tax NPV(8%) of US$1.3 billion and post-tax NPV(8%) of US$771 million, significantly higher at current spot prices, driven by an early high-grade mining phase using sublevel open stoping and a conventional concentrator that delivers low C1 cash costs and strong early cash flow, positioning MCB as a leading near-term copper-gold development and providing a solid foundation for project financing, offtake negotiations and a potential final investment decision.
The most recent analyst rating on (AU:CLA) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Celsius Resources stock, see the AU:CLA Stock Forecast page.
More about Celsius Resources
Celsius Resources Limited is an Australian-listed exploration and development company focused on copper-gold projects, with a key asset being the Maalinao-Caigutan-Biyog (MCB) copper-gold project in the Philippines. The project, operated by affiliate Makilala Mining Company Inc. in which Celsius holds a 40% working interest, targets a large-scale underground resource aimed at supplying long-life copper and gold production to global markets.
YTD Price Performance: 75.00%
Average Trading Volume: 6,316,957
Technical Sentiment Signal: Buy
Current Market Cap: A$61.59M
For an in-depth examination of CLA stock, go to TipRanks’ Overview page.