Celsius Resources Ltd. ( (AU:CLA) ) just unveiled an announcement.
Celsius Resources Limited has secured a six-month extension for its Maalinao-Caigutan-Biyog Copper-Gold Project in the Philippines to finalize investment agreements with Maharlika Investment Corporation. This extension is crucial for meeting financial capability requirements for the issuance of a Mineral Production Sharing Agreement with the Philippine Government. The company is advancing its engineering preparations and community engagement efforts, including a partnership with Regional Technical Education and Skills Development Authority to enhance local workforce skills. Additionally, Celsius is in discussions to dispose of its 95% interest in the Opuwo Cobalt Project in Namibia, though no binding agreement has been reached yet. The company completed a placement on AIM and secured additional funding to support its projects.
More about Celsius Resources Ltd.
Celsius Resources Limited is a mining company with interests in copper-gold and cobalt projects across the Philippines and Namibia. The company’s projects include the Maalinao-Caigutan-Biyog Copper-Gold Project and the Sagay Copper-Gold Project in the Philippines, as well as the Opuwo Cobalt Project in Namibia. Celsius focuses on developing sustainable mining operations with a commitment to community engagement and support.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €17.57M
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