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Celsius Resources ( (AU:CLA) ) just unveiled an update.
Celsius Resources Limited has announced promising results from its recent drilling program, revealing high-grade copper and gold intercepts at the Maalinao-Caigutan-Biyog Copper-Gold Project. The company has received conditional approval for water abstraction, crucial for the project’s operational needs, and reports that its feasibility study and Front-End Engineering Design program are on schedule. These developments are expected to enhance project economics and stakeholder value, with improvements in site layout, mine design, and process plant design anticipated to reduce operating costs.
More about Celsius Resources
Celsius Resources Limited is a company involved in the mining industry, focusing on copper and gold exploration and development. Its primary market focus is on advancing its projects in the Philippines, particularly through its affiliate Makilala Mining Company, Inc.
YTD Price Performance: -9.09%
Average Trading Volume: 4,439,668
Technical Sentiment Signal: Sell
Current Market Cap: A$28.22M
Learn more about CLA stock on TipRanks’ Stock Analysis page.