Celsius Resources

CELSIUS RESOURCES (ASX,AIM:CLA) RENEWS BOTILAO LICENCE! 🔥 We're excited to announce that the Philippine Mines and Geosciences Bureau has officially approved renewal of the Botilao Copper-Gold Prospect Exploration Permit for two more years. ✅

This is a significant milestone for Celsius Resources and Makilala Mining Company Inc, as the Botilao prospect is strategically positioned near our flagship MCB Project with the potential to enhance and complement our copper production. 💪

🎉 Key Highlights:

✅ Official Approval: The permit renewal secures the next phase of exploration.

✅ Strategic Growth: Ongoing activities aim to expand the resource footprint in the region.

✅ Future Synergy: Potential to bolster the long-term production pipeline alongside the MCB Project.

This progress underscores the continued momentum for mineral exploration and economic development in the region. 🇵🇭

MCB Copper-Gold Project progresses towards a final investment decision 🚀 👇

Celsius Resources (ASX,AIM:CLA) is pleased to release its latest Quarterly Activities Update highlighting a number of significant DFS milestones at MCB.

Highlights:

✅ Tier-1 Project: A Maiden Ore Reserve of 130.2Mt supports an initial 35-year production schedule.

✅ Low-Cost Production: The project boasts a high-grade production profile in its early years, with a projected C1 cash cost of just US$0.41/lb Cu (net of by-product credits) over the first decade.

✅ Robust Economics: The DFS reports a post-tax NPV(8%) of US$771 million (~A$1.15 billion) and an IRR of 24%, utilising conservative long-term pricing.

✅ Appointment of Grant Samuel: Engaged as financial advisor to lead the coordination, structuring, and negotiation of the optimal funding package for the MCB Project.

✅ Strong Institutional Interest: Significant engagement from international mining financiers, offtakers, and investment groups, including the receipt of formal offtake, debt, and equity proposals.

✅ Sovereign Wealth Fund Support: Ex*****on of the fourth drawdown from the Maharlika Investment Corporation (MIC) bridge loan facility, providing the necessary capital to finalise the MCB Definitive Feasibility Study (DFS).

Read the full Quarterly here: https://celsiusresources.com/announcements/7332798

⛏️ Maiden Underground Ore Reserve Defined at MCB! 🔥 Celsius Resources (ASX,AIM:CLA) is thrilled to announce confirmation of a substantial Maiden Underground Gross Total Ore Reserve, a critical step confirming the project's value and supporting financing! 💪

✅ Reserve size: 130.2Mt at 0.84% CuEq grade.
✅ Contained metal: Includes 856kt contained copper and 891koz contained gold.
✅ Strategic impact: This Ore Reserve forms the basis of the updated mine plan and is key to project financing discussions.
✅ Product quality: Metallurgical tests confirm a clean, high-quality copper-gold concentrate with strong recoveries.

This successful resource definition significantly de-risks the MCB project and solidifies its economic future!

Philippine Resources Journal
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Philippine Mining Club