Celsius appoints Grant Samuel as Financial Adviser
Released
Released
Announcement PDF
Level 5, 191 St. Georges Terrace, Perth WA 6000 PO Box 7059, Cloisters Square PO, Perth WA 6850
P: +61 8 9324 4516 E: info@celsiusresources.com.au W: celsiusresources.com
ASX/AIM RELEASE
9 January 2026
Celsius appoints Grant Samuel as
Financial Adviser
_______________________________________________________________________________
Celsius Resources Limited (“Celsius” or the ”Company”) (ASX, AIM:CLA) is pleased to
announce that it has appointed Grant Samuel Capital Advisory Pty Limited (“Grant
Samuel”) to assist with finalising financing for the Maalinao-Caigutan-Biyog Copper-
Gold Project (“Project” or “MCB”), held under its Philippine Affiliate Company, Makilala
Mining Co., Inc. (“MMCI”).
The Company has received strong interest in financing the MCB Project from numerous
well-qualified international mining financiers, offtakers and investment groups with
proven track-records in copper and gold project finance, streaming, and offtake
arrangements. Proposals have extended to offtake, structured and debt financing as
well as equity participation at a Project level.
Following the receipt of these proposals and having regard to the imminent completion
of the MCB Definitive Feasibility Study, the Board has appointed Grant Samuel to assist
Celsius’ management and Board in the coordination of an integrated financing process
and the structuring and negotiation of an optimal funding package.
In addition, the Board has engaged Bardin Davis, as a consultant to the Board on matters
of strategy, financing and project development. Mr Davis has significant mining and
emerging market experience within both an investment banking and corporate
environment. He was most recently the CEO of Peak Rare Earths, where he lead a
financing process for the company’s Tanzanian project. We welcome Bardin and look
forward to his advice and support around the crucial Board decisions to be taken in this
quarter.
Grant Samuel
Established in 1988, Grant Samuel is a leading independent corporate advisory firm
renowned for its commitment to delivering tailored financial advice and strategic
solutions to clients across Australia and internationally.
ASX/AIM RELEASE | PAGE 2
Grant Samuel has in recent years provided strategic and financing advice to a number
of mineral development companies in South-East Asia. Grant Samuel is headquartered
in Sydney, with other offices in Melbourne and Hong Kong.
Grant Samuel recently acted as lead financial adviser to Asiamet Resources Limited
(AIM:ARS), advising on the proposed conditional sale of its interest in the KSK Project to
Norin Mining (Hong Kong) Limited for a gross cash consideration of US$105 million on
a cash-free, debt-free basis. The transaction was announced on 6 November 2025 and
remains subject to shareholder and regulatory approvals1
.
Further information on Grant Samuel’s natural resources mandates can be found at the
following link:
https://www.grantsamuel.com.au/transactions/?industry-sector=resources
Bardin Davis
Bardin Davis has approximately 30 years of mining experience within both an investment
banking and corporate environment. He spent almost 12 years in Asia and has held
senior Australian and regional investment banking roles with Macquarie Capital, HSBC
and ABN AMRO. He was most recently the CEO of Peak Rare Earths Limited where he
oversaw a project financing process, the execution of a binding offtake agreement as
well as the completion of a BFS Update and FEED Study for the company’s Tanzanian
rare earths project. He will provide advice to the Board as we finalise the Project
financing for MCB and move into construction.
This announcement has been authorised by the Board of Directors of Celsius Resources
Limited.
Forward Looking Statements
Some of the statements appearing in this announcement may be in the nature of
forward-looking statements. You should be aware that such statements are only
predictions and are subject to inherent risks and uncertainties. Those risks and
uncertainties include factors and risks specific to the industries in which the Company
operates and proposes to operate as well as general economic conditions, prevailing
exchange rates and interest rates and conditions in the financial markets, among other
things. Actual events or results may differ materially from the events or results expressed
or implied in any forward-looking statement.
No forward-looking statement is a guarantee or representation as to future performance
or any other future matters, which will be influenced by a number of factors and subject
to various uncertainties and contingencies, many of which will be outside the Company’s
control.
1 https://www.londonstockexchange.com/news-article/ARS/sale-of-asiamet-s-interest-in-the-ksk-project/17314969
ASX/AIM RELEASE | PAGE 3
The Company does not undertake any obligation to update publicly or release any
revisions to these forward-looking statements to reflect events or circumstances after
today's date or to reflect the occurrence of unanticipated events. No representation or
warranty, express or implied, is made as to the fairness, accuracy, completeness or
correctness of the information, opinions or conclusions contained in this announcement.
To the maximum extent permitted by law, none of the Company’s Directors, employees,
advisors, or agents, nor any other person, accepts any liability for any loss arising from
the use of the information contained in this announcement. You are cautioned not to
place undue reliance on any forward-looking statement. The forward-looking
statements in this announcement reflect views held only as at the date of this
announcement.
The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations (EU) No.
596/2014 as it forms part of UK Domestic Law by virtue of the European Union
(Withdrawal) Act 2018.
Celsius Resources Contact Information
Level 5, 191 St. Georges Terrace
Perth WA 6000
PO Box 7059
Cloisters Square PO
Perth WA 6850
P: +61 8 9324 4516
E: info@celsiusresources.com.au
W: www.celsiusresources.com
Celsius Resources Limited
Neil Grimes P: +61 419 922 478
E: info@celsiusresources.com.au
W: www.celsiusresources.com
Multiplier Media
(Australia Media Contact)
Jon Cuthbert
M: +61 402 075 707
E: jon.cuthbert@multiplier.com.au
Zeus Capital Limited
(Nominated Adviser)
James Joyce/
James Bavister
(Broking)
Harry Ansell
P: +44 (0) 20 3 829 5000
ASX/AIM RELEASE | PAGE 4
Zeus Capital Limited (“Zeus”) is the Company’s Nominated Adviser and is authorised and
regulated by FCA. Zeus’s responsibilities as the Company’s Nominated Adviser,
including a responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to
the London Stock Exchange. Zeus is not acting for and will not be responsible to any
persons for providing protections afforded to customers of Zeus nor for advising them in
relation to the proposed arrangements described in this announcement or any matter
referred to in it.
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