Celsius Resources Tightens Control of Philippine Asset and Advances Opuwo Divestment

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

Celsius Resources has strengthened its leadership team by appointing long-standing non-executive director Peter Hume as interim non-executive chairman, leveraging his four decades of mining experience and deep involvement in the Maalinao-Caigutan-Biyog copper-gold project as the company advances project financing. The move underscores Celsius’s focus on progressing the MCB project’s technical, permitting and strategic development during a critical funding phase.

The company is progressing the divestment of its 95% stake in the Opuwo project, having received several non-binding offers and advancing three parties through due diligence, while also moving to delist from the Namibia Stock Exchange in March. Separately, Celsius has exercised its rights to reclaim a 60% shareholding in its Philippine affiliate Makilala Mining Company Inc. from Sodor Inc., and is implementing a revised ownership structure in line with Philippine regulatory requirements, which is set to consolidate control over its key Philippine asset.

More about Celsius Resources

Celsius Resources Limited is an ASX- and AIM-listed mining company focused on copper and gold exploration and development, with key assets including the Maalinao-Caigutan-Biyog Copper-Gold Project in the Philippines. The company also holds a 95% interest in the Opuwo project in Namibia, reflecting its broader base metals exposure and international project portfolio.

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