Celsius Resources Advances Copper-Gold Project with New Drilling Program

Celsius Resources ( (AU:CLA) ) has issued an announcement.

Celsius Resources Limited has announced that its Philippine subsidiary, Makilala Mining Company, Inc., has engaged DrillCorp Mining Resources to conduct a comprehensive geotechnical and hydrogeological drilling program for the Maalinao-Caigutan-Biyog Copper-Gold Project. This drilling initiative, costing approximately PHP 33 million, aims to optimize the underground mine plan and surface infrastructure, thereby informing the Feasibility Study and Front-End Engineering and Design phase. The collaboration with DrillCorp, a reputable drilling contractor in Asia, is expected to enhance operational efficiency and safety, benefiting stakeholders by advancing the project’s development.

More about Celsius Resources

Celsius Resources Limited is a company operating in the mining industry, focusing on the exploration and development of copper-gold projects. Its primary market focus is on its flagship Maalinao-Caigutan-Biyog Copper-Gold Project in the Philippines.

Technical Sentiment Signal: Sell

Current Market Cap: A$21.95M

For a thorough assessment of CLA stock, go to TipRanks’ Stock Analysis page.