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Celsius Resources ( (AU:CLA) ) has issued an announcement.
Celsius Resources Limited has announced an updated JORC-compliant Mineral Resource Estimate for its Maalinao-Caigutan-Biyog Copper-Gold Project in the Philippines. The new estimate shows a global mineral resource of 343 million tonnes with 0.46% copper and 0.12g/t gold, enhancing the project’s economic viability. The update, which includes additional drilling data, increases the confidence level of the resource and will support the updated feasibility study and front-end engineering design due in December 2025. Celsius holds a 40% interest in the project, with a conditional agreement to transfer a 60% interest to Sodor, Inc.
More about Celsius Resources
Celsius Resources Limited is a company involved in the mining industry, focusing on copper and gold extraction. The company operates primarily through its Philippine affiliate, Makilala Mining Co., Inc., and has a significant project on the Island of Luzon in the Philippines.
YTD Price Performance: -9.09%
Average Trading Volume: 6,166,918
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$32.41M
Learn more about CLA stock on TipRanks’ Stock Analysis page.