CLA Celsius Coal

EQS-News: Celsius Resources welcomes updated resource for MCB Copper-Gold Project

EQS-News: Celsius Resources Limited
Celsius Resources welcomes updated resource for MCB Copper-Gold Project

12.12.2022 / 19:45 CET/CEST
The issuer is solely responsible for the content of this announcement.


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Jonathan Jackson


News Source: News Direct


12.12.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Celsius Resources Limited
United States
ISIN: AU000000CLA6
EQS News ID: 1511075

 
End of News EQS News Service

1511075  12.12.2022 CET/CEST

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12/12/2022

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Reports on Celsius Coal

David Seers
  • David Seers

Celsius Resources (CLA LN) - MCB – Maiden reserve - Corporate

Celsius reports a maiden reserve estimate for the MCB copper-gold project today showing that it contains 865kt of copper and 891koz of gold in 130.2Mt of ore at an average copper equivalent grade of 0.8% (Exhibit 1), 40% of which is directly attributable to Celsius. The reserve is based on up-to-date cost estimates and copper and gold price projections and is calculated from the resource update provided recently (RNS 24.11.2025).

David Seers
  • David Seers

Celsius Resources (CLA LN) - MCB - Updated resource estimate - Corpora...

Celsius today announced the updated resource estimate for its MCB copper-gold project in the Philippines. Based on a 0.2% copper cut-off grade, the revised resource contains 1.6Mt of copper and 1.4Moz of gold – representing an increase of 14kt of copper and 16koz of gold compared to the previous estimate (December 2022). The high-grade core, which is expected to feature prominently in the early mining schedule to be outlined in the forthcoming Feasibility Study, comprises 99Mt grading 0.79% copp...

David Seers
  • David Seers

Celsius Resources (CLA LN) - Metallurgical update for MCB - Corporate

Celsius Resources has today provided an update on its MCB copper-gold project in the Philippines. Metallurgical test work conducted on mineralisation representative of planned production has confirmed copper recoveries of 95% and gold recoveries of 77%, using conventional processing methods. The results also support the production of a high-quality, saleable concentrate.

David Seers
  • David Seers

Celsius Resources (CLA LN) - Drill results enhance confidence in grade...

Following its recent drilling programme in support of the feasibility study for the MCB copper-gold project in the Philippines, Celsius has reported assay results that strengthen confidence in the project's grade modelling.

David Seers
  • David Seers

Celsius Resources (CLA LN) - Feasibility study update - Corporate

Celsius today provides a positive update on progress with the MCB feasibility study (FS) and frontend engineering design (FEED) work.

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