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) recently announced a significant de-risking milestone for our flagship Maalinao-Caigutan-Biyog Copper-Gold (MCB) Project in the Philippines, with further excellent results from ongoing metallurgical test work. 

Conducted by Brisbane Met Labs, the tests confirm robust and consistent recoveries for the project's initial mine life, bolstering confidence in its economic viability.

The metallurgical test work, focused on various ore types projected for the first five (5) years of the MCB mine life, demonstrated results consistent with previous programs in terms of grade, recovery, and impurity levels. 

This consistency is a critical factor for long-term operational performance.

Crucially, the calculated combined weighted average recoveries over the first ten (10) years of mine life indicate that average copper recoveries of 95% and gold recoveries of 77% are achievable at MCB. 

Further, the concentrate itself is projected to be of high quality. 

The combined weighted average copper-gold concentrate grade over the first ten (10) years of mine life is estimated to average 25.5% Cu and 5.5 g/t Au, with very low impurity levels.

These results are an integral part of the ongoing work supporting the update of the previous Feasibility Study and the completion of Front-End Engineering Design (FEED), all being conducted in accordance with the stringent requirements of the JORC Code.

Peter Hume, Technical Director for Celsius Resources, emphasised the importance of these findings:

“The conformity test results achieved are a strong outcome and further underpin the updated study and FEED economics for the initial ten years of mine life. The results confirm the homogenous nature of the high-grade ore body and support consistent ore processing performance through the first decade of the mines operations.”

Pictured: preliminary design 3D image for the MCB process plant

Metallurgical tests reveal high copper recoveries at MCB