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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Roboto

Celsius Resources Limited is excited to announce that progress on the MCB Project is advancing towards construction. Ausenco has been engaged for the engineer's role to conduct the Front-End Engineering Design (FEED) work program for the project, with the aim to update the Feasibility Study and prepare designs to support tender packages. 

Celsius Resources Limited is excited to announce that progress on the MCB Project is advancing towards construction. Ausenco has been engaged for the Engineer's role to conduct the Front-End Engineering Design (FEED) work program for the project, with the aim to update the Feasibility Study and prepare designs to support tender packages. A long-form loan agreement with Maharlika Investment Corporation has been signed to fund the project.<br/><br/>Ausenco, a global consulting and engineering firm, will play a critical role in transitioning MCB into the construction phase. The FEED and Feasibility Study update is expected to be completed within six months, with the goal of enhancing the project's viability. Ausenco will be responsible for various key deliverables to support the project's development.<br/><br/>The MCB Project, located in the Philippines, has shown promising results with updated mineral resource estimates and a positive development study conducted by CLA. The recent agreement with Ausenco and the funding from Maharlika Investment Corporation are significant milestones in positioning the project for successful construction and operations. We invite investors to reach out with any questions regarding this announcement.

MCB Project advances towards Construction

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