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Celsius Resources ( (AU:CLA) ) just unveiled an announcement.
Celsius Resources Limited has commenced a Feasibility Study update and Front-End Engineering Design for its Maalinao-Caigutan-Biyog Copper-Gold Project in the Philippines, supported by a US$76.4 million bridge loan from Maharlika Investment Corporation. This initiative marks a significant step towards the project’s construction and first copper production by 2027. The company has engaged several technical consultants to optimize the project’s development, ensuring technical excellence and strong social performance. Additionally, Celsius is in discussions regarding the potential disposal of its 95% interest in the Opuwo Cobalt Project in Namibia, although no binding agreement has been reached.
More about Celsius Resources
Celsius Resources Limited is a company engaged in the mining industry, focusing on the exploration and development of copper and gold projects. The company operates primarily in the Philippines, with additional interests in Namibia and New South Wales, Australia. Its flagship project is the Maalinao-Caigutan-Biyog Copper-Gold Project in the Philippines.
See more data about CLA stock on TipRanks’ Stock Analysis page.