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: Estimates have been rounded to the nearest Mt of ore, two significant figures for Cu and Au grade and to the nearest kt of Cu metal and koz of Au metal. Some apparent errors may occur due to rounding. The MCB Project is an affiliate company of Celsius and MMCI will be the operator of the MCB Project.