News Categories: 2025

MCB DEFINITIVE FEASIBILITY STUDY CONFIRMS STRONGER ECONOMICS

Celsius Resources Limited (“Celsius” or the” Company”) (ASX, AIM: CLA) is pleased to announce the results of the Definitive Feasibility Study (“DFS”) for the Maalinao-Caigutan-Biyog Copper-Gold Project (“Project” or “MCB”) which is held under its Philippine affiliate Company, Makilala Mining Company., Inc. (“MMCI”). The MCB Project is owned and operated by MMCI and Celsius has 40% working interest in MCB as Celsius conditionally agreed to transfer a 60% working interest in the MCB Project to Sodor, Inc, subject to certain conditions…

UPDATED MCB MINERAL RESOURCE ESTIMATE

Celsius Resources Limited (“Celsius” or “the Company”) (ASX,AIM:CLA) is pleased to announce an updated JORC compliant Mineral Resource Estimate (“MRE”) for the Maalinao-Caigutan-Biyog Copper-Gold Project (“Project” or “MCB”), held under its Philippine Affiliate Company, Makilala Mining Co., Inc. (“MMCI”) and located at the Island of Luzon in the Philippines…

METALLURGICAL TESTING SHOWS HIGH COPPER RECOVERIES AT THE MCB PROJECT

Celsius Resources Limited (“Celsius” or the “Company”) (ASX, AIM:CLA) is pleased to announce that its Philippine affiliate, Makilala Mining Company, Inc. (“MMCI”), has received further excellent results from metallurgical test work covering the first five (5) years of mine life of the Maalinao-Caigutan-Biyog Copper-Gold (“MCB”) Project…

FURTHER HIGH-GRADE INTERCEPTS DETERMINED

Celsius Resources Limited (“Celsius” or the “Company”) (ASX, AIM: CLA) and its Philippines affiliate company Makilala Mining Company, Inc. (“MMCI”) is pleased to announce results from the drilling program which commenced in June this year. The drilling program is focused on geo-technical and hydro-geological drilling and additional metallurgical test work. Results from the metallurgical testwork drilling has intercepted further high-grade mineralisation where predicted, including some further extensions to the previously interpreted high grade mineralisation.

MCB COPPER-GOLD PROJECT ACTIVITIES AND FUNDING UPDATE

Celsius Resources Limited (“Celsius” or the “Company”) and its Philippines affiliate project company Makilala Mining Company Inc. (“MMCI”) is pleased to announce that  progress towards the updated Feasibility Study and Front-End Engineering & Design (“FEED”) continues on schedule. Supported by continued funding from Maharlika Investment Corporation (“MIC”), The Philippines Sovereign Wealth Fund, MMCI andthe Feasibility Study managers Ausenco of  Brisbane, Australia, are on track to reach the engineering half-way point and submit an interim study report to MIC by the end of August 2025.

FEED AND FEASIBILITY UPDATE COMMENCE AT MCB PROJECT SITE

Celsius Resources Limited (“Celsius” or “CLA”) (ASX, AIM: CLA) is pleased to announce that its Philippine affiliate, Makilala Mining Company, Inc. (“MMCI” or the “Company”), has commenced on-site engineering activities this week for the Company’s flagship Maalinao-Caigutan-Biyog Copper-Gold Project (“MCB” or the “Project”).

MCB PROJECT ENGAGES TECHNICAL CONSULTANTS

Celsius Resources Limited (“Celsius” or “CLA”) (ASX, AIM: CLA) is pleased to announce that its Philippine affiliate, Makilala Mining Company, Inc. (“MMCI” or the “Company”), has engaged DMT Consulting Limited (“DMT”) under a contract valued at USD575,000 and Resource Development Consultants Ltd (“RDCL”) under a contract valued at USD65,000. The respective firms will provide mining and geotechnical consulting services to support the planned development and mining operations of the Company’s flagship Maalinao-Caigutan-Biyog Copper-Gold Project (“MCB” or the “Project”).

MCB COMMENCES DRILLING PROGRAM

Celsius Resources Limited (“Celsius” or “CLA”) (ASX, AIM: CLA) is pleased to announce that its Philippine subsidiary, Makilala Mining Company, Inc. (“MMCI” or the “Company”), following a competitive bidding process, has engaged DrillCorp Mining Resources and Construction Corp. (“DrillCorp”) to undertake Geotechnical and Hydrogeological Drilling for the company’s flagship Maalinao-Caigutan-Biyog Copper-Gold Project (“MCB” or the “Project”).

MCB PROJECT ADVANCES TOWARDS CONSTRUCTION

Celsius Resources Limited (“Celsius” or “CLA”) (ASX, AIM: CLA) is pleased to announce that its Philippine affiliate, Makilala Mining Company, Inc (“MMCI” or the “Company”), has signed a Contract of Services with Ausenco1 (“Ausenco”) amounting to USD 1.9 million. The contract aims to update the Feasibility Study and conduct the Front-End Engineering Design (FEED), including tendering of work packages and long-lead equipment procurement for the Company’s flagship Maalinao-Caigutan-Biyog Copper-Gold Project (“MCB” or the “Project”)…

MCB PROJECT SECURES FUNDING TO JUMPSTART DEVELOPMENT

Celsius Resources Limited (“Celsius” or “CLA”) (ASX, AIM: CLA) is pleased to announce that its Philippine affiliate, Makilala Mining Company, Inc. (“MMCI” or the “Company”), has signed a binding term sheet with Maharlika Investment Corporation (“MIC”) which outlines the key terms of a bridge loan facility of up to USD 76.4 million (“Facility”), to fund the Company’s flagship Maalinao-Caigutan-Biyog Copper-Gold Project (“MCB” or the “Project”)…