Quarterly Activities/Appendix 5B Cash Flow Report

Celsius Resources (ASX,AIM: CLA) has made significant progress in the quarter ended June 30, 2025.

The commencement of the Feasibility Study update and Front-End Engineering Design for the MCB Project in the Philippines is a crucial step towards construction and first copper production by 2027.

The company secured financial support through a bridge loan facility from Maharlika Investment Corporation and closed the quarter with cash reserves of A$4.456 million. Key activities include the engagement of Ausenco for engineering services, DrillCorp Mining Resources for drilling, and technical consultants like DMT and RDCL to advance the project.

Additionally, efforts in social development through skills training and educational programs demonstrate a commitment to long-term community partnerships. In terms of project updates, discussions for a potential transaction regarding the Opuwo Cobalt Project in Namibia are ongoing, while progress is made towards environmental approvals for the Sagay Copper-Gold Project in the Philippines.

Overall, Celsius Resources is well-positioned with a robust financial foundation, strategic partnerships, and technical expertise to drive project development and achieve long-term viability.