Celsius Resources’ Philippine Copper-Gold Project Clears Key Feasibility Milestone

Celsius Resources ( (AU:CLA) ) just unveiled an update.

Celsius Resources has reported a positive Definitive Feasibility Study for its Maalinao-Caigutan-Biyog copper-gold project in the Philippines, confirming maiden ore reserves of 130.2 million tonnes that underpin an expected 35-year mine life. The study outlines an early high-grade production phase averaging 26.5kt of copper and 40.2koz of gold per year over the first decade at a low C1 cash cost, delivering a post-tax net present value of US$771 million and a 24% internal rate of return under conservative metal price assumptions. With an optimised underground mining plan, additional technical work to reduce project risk, and appointment of adviser Grant Samuel to structure an optimal funding package following strong interest from international financiers and offtakers, Celsius is moving the MCB project toward a final investment decision, supported in part by continued bridging finance from the Philippine sovereign wealth fund Maharlika Investment Corporation.

The most recent analyst rating on (AU:CLA) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Celsius Resources stock, see the AU:CLA Stock Forecast page.

More about Celsius Resources

Celsius Resources Limited is an ASX- and AIM-listed mineral exploration and development company focused on copper-gold assets, notably through its affiliate Makilala Mining Company in the Philippines. Its flagship Maalinao-Caigutan-Biyog (MCB) copper-gold project targets long-life production, positioning the company within the global base and precious metals supply chain amid robust demand for copper and gold.

YTD Price Performance: 75.00%

Average Trading Volume: 8,059,710

Technical Sentiment Signal: Buy

Current Market Cap: A$71.31M

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