Celsius Resources Advances MCB Project with Ausenco Partnership

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

Celsius Resources Limited has engaged Ausenco to conduct the Front-End Engineering Design (FEED) for its Maalinao-Caigutan-Biyog Copper-Gold Project in the Philippines. This step, supported by a loan agreement with Maharlika Investment Corporation, is crucial for updating the project’s feasibility study and preparing for construction. Ausenco’s extensive experience in similar projects positions them well to address the logistical and regulatory challenges of the MCB Project, potentially enhancing its operational and capital cost outcomes. The collaboration aims to optimize the project’s development and scheduling, with the FEED and feasibility study update expected to be completed in six months.

More about Celsius Resources

Celsius Resources Limited is a company involved in the mining industry, focusing on copper and gold projects. Its primary project is the Maalinao-Caigutan-Biyog Copper-Gold Project (MCB) in the Philippines, operated through its affiliate, Makilala Mining Company, Inc. The company is engaged in advancing this project towards construction by leveraging strategic partnerships and financial agreements.

Average Trading Volume: 9,195,914

Technical Sentiment Signal: Sell

Current Market Cap: A$20.38M

Find detailed analytics on CLA stock on TipRanks’ Stock Analysis page.