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The latest announcement is out from Celsius Resources ( (AU:CLA) ).
Celsius Resources Limited, along with its affiliate Makilala Mining Company Inc., is progressing with the feasibility study and engineering design for the MCB Copper-Gold Project in the Philippines. Supported by funding from the Maharlika Investment Corporation, the project is on track to reach an engineering milestone by the end of August 2025. The company is in discussions with several parties, including Kiri Industries Limited, for potential project financing, although no binding agreements have been reached. Celsius aims to commence production by the end of 2027, focusing on technical, financial, and environmental sustainability.
More about Celsius Resources
Celsius Resources Limited is a mining company focused on the development of copper and gold projects. Its primary project is the Maalinao-Caigutan-Biyog Copper-Gold Project (MCB Project) located in the Philippines. The company is actively engaged in feasibility studies and engineering design to advance the project towards production, with a focus on securing necessary funding and ensuring sustainable development.
Technical Sentiment Signal: Sell
Current Market Cap: A$21.95M
See more data about CLA stock on TipRanks’ Stock Analysis page.