PAC Partners Report: Celsius Resources

Celsius Resources (ASX/AIM:CLA) is thrilled to share that PAC Partners has significantly re-rated CLA. The provider of capital and equities research sees Celsius Resources' operation in a low cost jurisdiction, as well as gold credits, underpinning a strong and robust MCB Project.

Celsius Resources Investment Portfolio

• Celsius is a multi-project company with copper/gold JORC resources in the Philippines with a total of 650Mt.
• MCB Project construction to commence in 2026 and production is expected to commence in 2027
• Other exploration projects in the Philippines continue to progress at reduced pace and reduced cost
• Namibia and Australian projects to be divested (reduce cost and deliver some cash – TBC)

Project Overview

Note for table of results: Calculations have been rounded to the nearest Mt of ore (to the nearest 100,000t where <10Mt), two significant figures for Cu and Au grade and to the nearest kt of Cu metal and kozs of Au metal (to the nearest 100t where <10kt)