Celsius Resources

Celsius Resources Limited (ASX/AIM:CLA) is a multi-asset copper and gold resources company with a robust portfolio of geographically diverse projects in the Philippines.

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Celsius Resources (ASX, AIM: CLA) today announced a significant step forward for its flagship MCB Copper Gold Project in the Philippines. 

The company's Philippine affiliate, Makilala Mining Company, Inc. (MMCI), has engaged DrillCorp Mining Resources and Construction Corp. to conduct crucial geotechnical and hydrogeological drilling.

The contract was awarded to DrillCorp following a competitive bidding process. 

The drilling program, slated to begin in mid-June, will encompass approximately 2,300m at an estimated cost of A$925,000. 

The primary objective of this program is to generate detailed subsurface models and data. 

This information is vital for optimising the underground mine plan, refining the process plant layout, and designing efficient surface infrastructure. 

The outcomes from this drilling will directly inform the ongoing update of the Feasibility Study and the subsequent Front-End Engineering and Design (FEED) phase of the project.

Celsius Resources Director Peter Hume commented on the engagement: "In preparation for the FEED phase, we are undertaking geotechnical and hydrogeological drilling to gather critical data needed to develop construction-ready plans for both the surface infrastructure and underground mine."

Mr. Hume further highlighted the long-standing relationship with DrillCorp, stating, "DrillCorp has been a trusted drilling partner of MMCI throughout the exploration phases from 2006 to 2013 and again in 2022. We are pleased to continue this collaboration, as they have consistently demonstrated precision, reliability, and a strong commitment to safety and operational efficiency."

DrillCorp, established in 1993, is recognised as a leading drilling contractor in Asia. 

The company offers a wide range of technical capabilities, including diamond drilling, reverse circulation, geotechnical drilling, grade control drilling, water boring, and tunnelling.

Drilling program to commence at MCB