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Celsius Resources Nears Financing Decision as MCB Feasibility Study Pushed to January 2026

Story Highlights
  • Celsius is engaging a top financial adviser to structure financing for its flagship MCB copper-gold project after attracting strong interest from global mining financiers.
  • The company has delayed the final MCB feasibility study to January 2026 for confirmatory testwork, expecting only minor cost changes as it targets a construction decision in 2026.
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Celsius Resources Nears Financing Decision as MCB Feasibility Study Pushed to January 2026

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

Celsius Resources has entered discussions with a prominent financial advisory firm to help finalise a funding package for its Maalinao-Caigutan-Biyog Copper-Gold Project in the Philippines, following strong interest from international mining groups in debt, structured finance, metal streaming, offtake arrangements and potential project equity participation. The company has pushed back the release of its final feasibility study for the MCB project from December 2025 to January 2026 to validate two anomalous test results, stressing that all other technical, cost and financial work is complete and that any resulting adjustments are expected to be minor, as it aims to deliver an investment-ready study to support a construction decision in 2026 while it continues its search for a new chair.

More about Celsius Resources

Celsius Resources Limited is an Australia-headquartered mineral exploration and development company focused on copper-gold assets, primarily advancing its Maalinao-Caigutan-Biyog (MCB) Copper-Gold Project in the Philippines through its affiliate Makilala Mining Co., Inc., targeting the growing global demand for copper and precious metals.

YTD Price Performance: 9.09%

Average Trading Volume: 5,745,022

Technical Sentiment Signal: Hold

Current Market Cap: A$38.9M

For an in-depth examination of CLA stock, go to TipRanks’ Overview page.

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