Corporate Presentation
Released
Released
Announcement PDF
Developing
a near-term,
low-cost copper
producer
Corporate Presentation
March 2024
ASX/AIM: CLA
DISCLAIMER & NOTES
This presentation has been prepared by Celsius Resources Limited ("Celsius" or "CLA"). The
information contained in this presentation is a professional opinion only and is given in good
faith.
All reasonable care has been taken to ensure that the facts stated in these presentation materials
are accurate and that any forecasts, opinions and expectations contained therein are fair and
reasonable. Accordingly, no representation or warranty express or implied is made to the
fairness, accuracy, completeness or correctness of these materials or opinions contained therein
and each receipt of these presentation materials must make its own investigation and
assessment of the matters contained therein. In particular, but without prejudice to the generality
of the foregoing, no representation or warranty is given, and no responsibility or liability is
accepted by the Company or any of its representatives, as to the achievement or reasonableness
of any future projections or the assumption underlying them, or any forecasts, estimates, or
statements as to prospects contained or referred to in these presentation materials.
No responsibility or liability whatsoever is accepted by the Company or any of its representatives
for any loss howsoever arising from any use of, or reliance upon, or in connection with, these
presentation materials or their contents or otherwise arising in connection therewith. In issuing
these presentation materials, the Company does not undertake any obligation to update or to
correct any inaccuracies which may become apparent in these presentation materials. These
presentation materials are being supplied for you for your own information and may not be
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In the United Kingdom, these presentation materials have not been approved by an authorised
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accordingly, these presentation materials are only directed at persons in the United Kingdom
who fall within the exemptions contained in Articles 19 and 49 of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (such as persons who are authorised or
exempt persons within the meaning of the FSMA and certain other investment professionals,
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relating to investments and any investment or investment activity to which these presentation
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those who do not have professional experience in matters relating to investments, should not
rely on these presentation materials or act upon their content. These presentation materials have
not been approved by the Financial Conduct Authority (the "FCA") as a prospectus for the
purposes of section 87A of the FSMA and have not been filed with the FCA pursuant to the
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The distribution of these presentation materials in other jurisdictions may be restricted by
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restrictions may constitute a violation of the laws of the relevant jurisdiction.
All amounts in AUD unless stated otherwise.
The information in this presentation with respect to the Mineral Resource estimate (MRE) for
the MCB Project was first announced by Celsius to ASX on 12 December 2022. Celsius
confirms that it is not aware of any new information or data that materially affects the
information included in the announcement dated 12 December 2022 and that all material
assumptions and technical parameters underpinning the Mineral Resource Estimate
continue to apply and have not materially changed.
The information in this announcement with respect to the outcomes of the Study for the
MCB Project was first released by Celsius to ASX on 1 December 2021. Celsius confirms that
all material assumptions underpinning the production target and forecast financial
information derived from the production target referred to in the announcement of 1
December 2021 continue to apply and have not materially changed.
The information in this presentation with respect to the Mineral Resource estimate for the
Sagay Project was first announced by Celsius to the ASX on 7 November 2022 while the
updated resource was announced to the ASX/AIM on 06 February 2024. Celsius confirms
that it is not aware of any new information or data that materially affects the information
included in the announcement and that all material assumptions and technical parameters
underpinning the Mineral Resource estimate continue to apply and have not materially
changed.
The information is this presentation with respect to the Mineral Resource estimate for the
Opuwo Project was first announced by Celsius to ASX on 1 July 2021. Celsius confirms that
it is not aware of any new information or data that materially affects the information included
in the announcement dated 1 July 2021 and that all material assumptions and technical
parameters underpinning the Mineral Resource estimate continue to apply and have not
materially changed.
2
CELSIUS RESOURCES | Investment Case
A mining exploration and
development company with
a portfolio of world-class
copper-gold and cobalt
assets strategically
positioned to capitalise on a
battery metals commodity
supercycle.
MCB Project
Botilao Prospect
Sagay Project
Opuwo
Project
3
CELSIUS RESOURCES |
Committed to Leading ESG Practices
Our Vision
To become an environmentally
sustainable producer of copper and
gold via a number of operating mines in
the Philippines, generating significant
profits and dividends for shareholders
whilst enhancing the well-being of all
local communities in which we operate.
Our Mission
To create material value for
shareholders through the efficient
conversion of high-quality resources
into profitable producing mines, in an
environment that adheres to the strictest
safety standards and sustainable
environmental, social, and governance
principles.
Ethical & Effective
Business &
Resource Management
Prioritizing health, safety
& well-being of employees
& communities
Managing
Stakeholder
Relationships
CLA as a steward of
nature
Respect for Human
Rights & Cultural
Diversity
4
CELSIUS RESOURCES |
Highly Experienced Board and Management
JULITO SARMIENTO
Executive Chairman
An experienced Philippine lawyer with over
30 years specialising in mining, environment,
social license, indigenous peoples,
renewable energy, government relations
and who has established close relationships
with civil society, Church and local
communities.
SIMON FARRELL
Non-Executive Director
Involved in the resources industry for over 40 years.
He commenced his career in 1976 at the
Bougainville Copper mine. Post BCL he completed
his MBA at Wharton and subsequently worked at a
senior/Board level in a wide range of commodities
and jurisdictions.
MICHAEL HULMES
Non-Executive Director
A mining engineer with over 35 years’ experience,
most of which was in underground copper and gold
mine development and operations.
PETER HUME
Managing Director
Over 40 years’ experience on major mining and
construction development projects on lead roles
throughout Australia, Philippines and
internationally. With demonstrated experience in
general management, project management,
construction management, dispute resolution,
infrastructure, and process design, concept
planning to commissioning and operations, as
well as design management, development, and
implementation of quality, safety, and
maintenance management systems.
ATTILENORE MANERO
Non-Executive Sustainability Director
Corporate Affairs & Sustainability DirectorPhilippines
A development professional specialising in
social and environmental impacts management,
with more than 13 years of substantial practical
experience in managing a diverse team of local
and international experts whilst carrying out
studies leading to the development and
implementation of social and environmental
plans and programs consistent with local
statutes and internationally accepted standards.
A Fellow of the Institute of Chartered
Accountants of England and Wales and
a Member of the UK's Chartered
Institute of Securities and Investments.
He founded Aer Ventures (formerly HD
Capital) in 2011 where he is Managing
PAUL DUDLEY
Non-Executive Director Partner, advising and leading
corporate transactions on numerous
public and private companies.
KELLIE DAVIS
Corporate Secretary
Over 20 years of experience in
accounting and secretarial ASX
Compliance, predominantly in the
exploration and resources sector
beginning her career in Audit with Ernst
and Young.
PATRIQUE JANE DURAN
Chief Operations Officer- Philippines
A mining engineer, formerly with the
Philippine Mines and Geosciences Bureau,
with ten years experience in various lead
roles in government and private sectors in
the mining industry.
PINE VAN WYK
Country Operations Director - Namibia
Metallurgical Engineer with extensive experience in
developing and operating mines in Namibia.
5
MCB Copper-Gold Project
Kalinga, Philippines
6
MMCI | MCB Copper-Gold Project
Key Features
• Celsius’ flagship project held by its Philippine
subsidiary, Makilala Mining Company, Inc.
• Located 320km north of Manila.
• Tenement covers c.2,500 hectares.
• Mining Permit issued on 14 March 2024 which grants
the Company exclusive rights to undertake rational
exploration, development, and commercial
production of copper and associated minerals for a
period of 25 years, renewable for another 25 years.
Geology & Mineralisation
• The MCB deposit comprises classic porphyry style
copper-gold mineralisation with a high-grade sub
vertical core, representing approximately 28% of the
total Mineral Resource Estimate.
• 55 diamond drill holes completed from 2006-
2022 with a cumulative drill metreage of 30,122m at
a total cost of A$30.9M.
Refer to the ASX announcement dated 01 December 2021,12 December 2022, and 18 March 2024
7
MCB | Outstanding Assay Results
Highlights
•
Intersection of 611.4m @ 1.39% copper and 0.75
g/t gold from 32.5m (1.67% CuEq*).
•
Multiple internal higher-grade results confirmed:
o 150.85m @ 1.90% copper and 1.57 g/t
gold from 207./15m (2.55% CuEq*)
o 234.45m @ 1.90% copper and 0.87 g/t
gold from 391.55m (2.22% CuEq*), and
o 77.55m @ 2.47% copper and 2.12 g/t gold
from 232.10m (3.34% CuEq*)
Near surface high-grade copper including:
o 10.5m @ 0.69% copper and 0.07g/t gold
from 19.5m
o 65m @ 1.73% copper and 0.37g/t gold
from 66m
•
* The reporting of copper equivalent values (CuEq) was based on long term predicted copper prices of US$4.0lb, gold price of US$1,695/oz, and with copper
and gold recoveries of 94.2% and 79%, respectively as defined in the reported study for the MCB Project. (See ASX announcement on 1 December 2021).
Assumed copper and gold price predictions will vary with market conditions and this will be re-evaluated in future studies.
Refer to the ASX announcement dated 4 July and 19 October 2022
8
MCB | Mineral Resource Estimate
An updated JORC Mineral Resource Estimate was
announced in December 2022, comprising:
Section 1 with the interpreted host rock geology relative to
the defined copper mineralised domains.
Global Mineral Resource of 338Mt @ 0.47% copper and
0.12g/t gold (0.2% Cu cut-off).
Total Resource includes approximately 1.6Mt of
contained copper and approx. 1.3Moz of gold.
Note: Estimates have been rounded to the nearest MT of ore, two significant figures for Cu and Au grade,
and to the nearest kt of Cu metal and kozs of Au metal. Some errors may occur due to rounding.
Refer to the ASX announcement dated 12 December 2022 for the Updated JORC Mineral Resource Statement prepared by Steve Olsen (MAusIMM, AIG)
9
MCB | Project Design
Designed to be
developed and
operated through a
sublevel open stoping
mining method with
backfilling and dry
stacking method
which allows for
higher resource
recovery and mining
productivity and
removing the
possibility of
environmental impacts
of a conventional
tailings dam
Process plant
design is based on
a single
processing train
configuration with
a maximum
capacity ore feed
rate of 2.4Mtpa
(nominal
2.28Mtpa) to
produce bulk
copper-gold
concentrate.
Refer to the ASX announcement dated 01 December 2021 for the Study Results.
Planned ore
production rate is
at 2.28Mtpa or
~49Mt of material
over a mine life
of 25 years, with
an ability to
increase capacity
to 4.5mtpa
following initial
development.
US$253M
estimated initial
capital
investment,
excluding initial
operating capital
10
MCB | Positive Study Results
Key Inputs
Optimised mine plan focused on the high-grade Cu-Au portion of the MRE, equating to 49mt at 0.85%
Cu and 0.41 g/t Au, 100% of which was classified as Indicated Resource
Underground sub-level open stoping mining method
High marketability copper concentrate
Base case
Years 1 to 10 production
90ktpa
of concentrate containing
22ktpa Cu and 27k
oz/pa Au
Quoted resources utilising a
0.5% Cu lower cut-off grade
Pre-tax NPV(8%)
Metallurgical
test work recoveries
(~A$865m) at an IRR of 35% assuming
US$4/lb Cu & US$1,695/oz Au
94% Cu
Post-tax NPV(8%)
79% Au
US$618m
US$464m
(~A$650m) at an IRR of 31% assuming
US$4/lb Cu & US$1,695/oz Au
Initial CAPEX
Payback period
US$253m
2.67 years
and
Years 1-10
C1 cash cost average
US$0.73/lb Cu
Potential for 25-year
mine life
Refer to the ASX announcement dated 1 December 2021 for the Study Results
11
MCB | Indicative Timeline
2006-2016
2021
2022
EXPLORATION
Selecting exploration targets, mapping,
Geochem, surface sampling, drilling
PRELIMINARY TECHNICAL STUDY
MINE FEASIBILITY STUDY
Diamond drilling, technical studies, metallurgical sampling
FPIC
ECC
EPEP/FMRDP
LGU Endorsement
SDMP
3YWD/UP
DMPF APPROVAL
2023
MINERAL PRODUCTION SHARING
AGREEMENT
2024
PRE-DEVELOPMENT PERMITTING
WATER PERMIT
TREE CUTTING PERMIT
CONSTRUCTION PERMITS
EARLY WORKS
START OF CONSTRUCTION
2026
(Q1)
START OF COMMERCIAL PRODUCTION
Note: Timelines are indicative and subject to change depending on government approval process
12
MCB | Permitting
The issuance of the Mineral Production Sharing
Agreement on 14 March 2024 allows the
Company to undertake the necessary work
streams for the sustainable development and
operations of the MCB Project.
As the first copper project to be approved in
the last 15 years, the issuance of the mine
permit is a testament of the Philippine
Government’s support to the mining industry
as a key economic driver as well as in
recognition of the MCB Project’s economic,
environmental, and social viability.
The Philippine Government will ensure full
cooperation in the exercise of the rights
granted under the Agreement, including the
timely issuance of necessary permits.
The Company endeavors to work closely with
the Government to implement responsible
mining practices that go beyond regulatory
compliance.
Refer to the ASX announcement dated 18 March 2024.
13
MCB | Supportive local Partner
Celsius signed a Binding Deed and
Agreement on 17 March 2023 with Sodor, Inc.
and the PMR Group for the development of
the MCB Project.
This partnership undertaking satisfies the
requirement of a 60% Filipino ownership for
securing a Mineral Production Sharing
Agreement (MPSA) with the Philippine
Government.
The agreement involves a funding
commitment of US$43m to apply towards
financing the MCB Project construction with
the view that Sodor Inc. and the PMR Group
will have a 30% economic share in the mining
and milling operations.
The partnership is based on the shared
commitment to develop the MCB project in a
sustainable and transformative manner.
Refer to the ASX announcement dated 14 December 2022 and 20 March 2023.
14
Botilao Copper-Gold Prospect
Kalinga, Philippines
15
MMCI | Botilao Copper-Gold Prospect
Located in the Cordillera Administrative Region in the
Philippines, ~320km north of Manila.
It is a prospect within the Makilala portfolio with an
approximate area of 947 hectares, southwest of the MCB
Project.
Exploration permit was issued on 29 September 2023 along
with an approved Exploration and Environmental Work
Program.
Drilling was previously conducted by Lepanto
Exploration Asia in the '70s which determined the
presence of copper-gold mineralisation in the area with
copper grades up to ~1%.
Refer to ASX/AIM Announcement dated 20 June and 07 August 2023
16
Botilao | Initial Exploration Works
The initial two-year exploration program aims to define the extent and
distribution of the observed mineralisation along Botilao Creek.
Exploration activities will consist of regional to semi-detailed
geochemical sampling and mapping to generate future targets for
possible geophysical surveys and eventual diamond drilling activities.
Mapping of different rock types or lithologies in the area will be
conducted to characterise and delineate mineralised or altered zones.
Detailed mapping will focus on identified mineralised outcrops to
ensure proper understanding of the classification and controls of
mineralisation during exploration phase.
Refer to ASX/AIM Announcement dated 20 June and 07 August 2023
17
Botilao | Exploration Upside
With the close spatial relationship
and the similarity of
mineralisation style of the MCB
and the Dickson ore bodies, it can
be deduced that both, including
the Maalinao Deposit in between,
are part of one porphyry
mineralisation zone.
Further studies must be pursued
to determine the most feasible
approach to develop the
Maalinao-Dickson deposit at the
high-grade Cu-Au zones.
Panoramic view of the surface projections of the Mt. Mines deposit (MCB) and the
Maalinao-Dickson Deposits (BBGMI).
The potential to develop a
mineralisation district along the
Pasil River Fault has made the
MMCI, BBGMI, and Botilao areas
an attractive location to expand
operations for over 50 years.
Long cross section of the MCB Deposit with respect to the Maalinao-Dickson ore bodies
Refer to ASX/AIM Announcement dated 20 June and 07 August 2023
18
Sagay Copper Project
Negros Occidental, Philippines
19
TMCI | Sagay Copper Project
Sagay Copper Project is held by Tambuli Mining
Company, Inc. (TMCI), a Philippine subsidiary of
Celsius Resources, Ltd. with a tenement area of
~1,780 hectares.
Exploration commenced in 2008, including:
o geological mapping
o gridlines preparations
o soil and rock sampling
o geophysical surveys consisting of induced
polarisation, resistivity, and ground
magnetics.
A total of 47 drill holes completed from 2012 to
2023 with a cumulative drill metreage of
28,252.20m and a total cost of ~AUD$14.7M.
The culmination of the exploration activities led to
the discovery of a large-scale deep porphyry
copper-gold mineralisation with a shallow,
secondary supergene deposit west of the main
porphyry deposit, which would be the first target
to be developed.
20
Sagay | Updated Mineral Resource
The updated JORC-compliant Mineral Resource Estimate (MRE) is
defined by 45 diamond drill holes which are broadly spaced and
have shown copper mineralisation over an extended area from the
surface down to 1.2 km in depth.
Focus of the update related to the shallow supergene copper
mineralisation which now includes Measured and Indicated Mineral
Resources.
Combined Measured, Indicated and Inferred Mineral Resource of
312 million tonnes @ 0.39% copper and 0.11g/t gold. The Global
Resource remains unchanged with ~1.2 million tonnes of contained
copper and ~1 million ounces of contained gold.
Copper mineralisation is open in multiple directions, with further
shallow targets untested.
Mineralisation exists from near surface down to over 1.2km depth
with strike lengths up to 1 km and true widths extending into the
100’s of metres.
The shallow copper zone offers Celsius the opportunity to develop a
low-cost start-up opportunity which was the basis of the feasibility
study that was submitted to the Philippine Government.
Information relating to Exploration Results and Mineral Resource Estimates for the Sagay Project is based on information compiled, reviewed and assessed by Steve Olsen,
a member of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists.
Refer to ASX/AIM Announcement dated 06 February 2024
21
Sagay | Low-cost, near-term project
As a requirement of the Philippine Government, a Mining
Project Feasibility Study was conducted to evaluate the
technical and financial viability of the shallow supergene
chalcocite deposit and advance the project towards
project development and operations.
The study confirmed the presence of minerals in the area
which are recoverable by processing the ore through
gravity separation which was determined to be
economically sound while ensuring that environmental
protection and preservation methods would be
implemented through advanced mining technologies.
Technical, environmental, and social considerations were
incorporated in the mine design to reduce the mine
footprint to approximately 20 hectares.
Refer to ASX/AIM Announcement dated 06 February 2024
The process plant will employ a gravity
concentration method to extract the copper
concentrate from the ore.
Metallurgical test works indicated that the tails
produced is non-acid generating. All tailings will
be managed through dry stacking method which
eliminates the need for tailings dam, thus
removing the possibility of environmental impacts
(tailings spill).
Other alternative disposal methods are being
studied which are currently being implemented
within Southeast Asia and globally.
22
Sagay | Permitting
An application for Declaration of Mining Project Feasibility
(DMPF) was submitted to the Philippine Government in
December 2023, along with the following key documents:
o
o
o
o
o
o
o
Mining Project Feasibility Study
Final Exploration Report
Environmental Impact Statement Report
Environmental Protection and Enhancement Program
Final Mine Rehabilitation and/or Decommissioning Plan
Social Development and Management Program
Care and Maintenance Program
The company is currently finalising an Environmental Impact
Assessment as part of the permitting process to demonstrate
to stakeholders that adequate mitigating measures can be
implemented using best practices, engineering methods,
and advanced technologies, underscoring the company's
commitment to environmental protection and preservation.
The approval of the DMPF and the Environmental
Compliance Certificate (ECC) will trigger the next stage of
the permitting process leading to a mining permit that would
enable the development and operations of the Sagay Project.
Refer to ASX/AIM Announcement dated 08 January 2024
23
Sagay | Proposed Timeline
Pre-Development
2024-2025
Permitting and
Approvals
Development/
Construction
2026
Detailed
Engineering
and Design
Commercial
Production
2027
First Copper
Production
24
Opuwo Cobalt-Copper Project
Namibia, Southern Africa
25
Celsius | Opuwo Cobalt-Copper Project
• The Opuwo Project held under Celsius
subsidiary, Opuwo Cobalt Holdings (Pty) Ltd.
• Celsius has 95% ownership of the Opuwo
Project while the remaining 5% is owned by a
local company, Namibian Former Robin Island
Political Prisoners Trust, in line with Namibian
gov’t regulations.
• Located 730km north-west of the capital,
Windhoek. A mining-friendly, politically
stable, and safe location with excellent
infrastructure and ample access to grid
power, water, and services.
• Exclusive Prospecting Licences covering
c.719 km2 which has been recently renewed.
• Well-positioned to take advantage of
increasing cobalt demand, a key element in
the production of lithium-ion batteries used in
electric vehicles and home battery storage.
Refer to ASX/AIM Announcement dated 6 November 2023
26
Opuwo | Namibia: A Premier Mining Destination
Politically
and
Socially
stable
Strong rule of Law
National development agenda
Excellent
Project
Infrastructure
Sealed roads from Opuwo to
the capital, Windhoek, and
Walvis Bay Port
150 km from Project to railway
320MW hydroelectric power
station at Ruacana linked to
33kV power grid
Refer to ASX Announcement dated 22 November 2019
27
Opuwo | Key Project Features
The Opuwo deposit is a mineralised body with a minimum strike length of 25 km, out of
which only 13 km has been drilled.
+95% of the Mineral Resource is comprised of fresh sulphide ore with over 80% in an
Indicated category based on the JORC resource estimate.
Mineralised zones are open in all directions with excellent scope for expansion with further
drilling.
Refer to the ASX Announcement dated 7 January 2019 and 1 July 2021
28
Opuwo | Updated Mineral Resource
JORC Compliant Resource estimate comprising 225.5 Mt at 0.12% Co, 0.43% Cu
and 0.54% Zn.
The Minerals Resource estimate represents contained 259,000 tonnes of contained
Co, and 970,000 tonnes of contained Cu, and consists of:
o Indicated: 45.3 Mt at 0.11% Co, 0.44% Cu and 0.51% Zn.
o Inferred: 180.2 Mt at 0.12% Co, 0.43% Cu and 0.55% Zn.
Refer to ASX Announcement dated 1 July 2021
29
Opuwo | Works Completed to Date
Scoping Study
Autoclave Leaching Test
Exploration works
9 diamond drill holes
with total drill length of
1,089m
Updated JORC Mineral
Resource Estimate
20192020
2017
2018
Resource Drilling
99 holes (76 reverse
circulation, 23 diamond
core) for 17,266 metres
2022
Process Design Study
2023
2021
Resource
expansion
drilling
Metallurgical Test works
1Tonne of blended sulphide ore
composite
Recoveries of 95%Co and 98%Cu
Refer to ASX Announcement dated 18 December 2017, 7 and 22 June 2018, 5 November 2018, 22 November 2019, 16 March and 17 August 2022
30
Celsius | Investment Summary
MCB Copper-Gold Project
Sagay Copper Project
Initial CAPEX of US253m and
payback period of 2.67 years
Potential for 25-year mine life
Mining Permit recently issued
for a period of 25 years,
renewable for 25 years
Commercial production by
2026 (Q1)
Extensive funding interest
Huge potential for extending
mine life through adjacent
tenement which is currently
being explored
MRE of 312Mt @
0.39%Cu and 0.11g/tAu
Clean copper
concentrate
Opportunity to develop
low-cost, near-term
sustainable approach
Commercial production
by 2027
DMPF application
submitted
Opuwo Cobalt
Project
JORC-compliant Mineral
Resource comprising
225.5MT @ 0.12%Co,
0.43%Cu and 0.54%Zn
Potential for a small- to
medium-scale, low-cost
operation.
Looking for strategic
partner
A compelling portfolio of copper projects that offer the potential to generate near-term revenues that
could provide the platform to develop long-lived mining assets.
Positioned to benefit from the next copper boom with near-term, low-cost revenue potential paired with
growing copper demand
Highly experienced Board and Management team with in-country project development experience and
demonstrated capital funding.
Refer to ASX Announcement dated 1 July 2021, 1 December 2021, 8 January 2024, 6 February 2024
31
Appendices
MCB | Mine Plan
MCB | Support Infrastructure
MCB Strong Government and Social Acceptability
Copper | A globally significant battery metals opportunity
32
MCB | Mine Plan
Note: A video on the 3D Representation of the MCB Deposit and Mine Plan can be viewed at the CLA website.
Prepared by Steve Olsen (MAusIMM, AIG), https://celsiusresources.com/celsius-releases-3d-model-of-mcb-resource/
Refer to ASX Announcement dated 3 August 2022
33
MCB | Support Infrastructure
Concentrate production will be transported
and stored in a port laydown area using one of
the nearest port locations
The project’s 12MW power demand will be sourced from
existing national grid supply lines. Alternative power sources
may be accessible in the future when various renewable energy
projects become operational.
Access Road to port will require a new road opening and
a road upgrade to allow transport of oversized cargo
Actual development footprint is 31.83 hectares (1.17% of the total
Tenement area). Additional area allocated for environmental
protection and enhancement activities (i.e., flood control, tree
planting, etc.).
Refer to ASX Announcement on the Scoping Study Results dated 01 December 2021
34
MCB | Strong Government and Social Acceptability
Philippine Government to ramp up the
mining industry as a key economic driver
and source of long-term economic growth.
Mines and Geosciences Bureau (MGB)
awarded the MCB project priority status to
fast-track project approvals.
Social Licenses to Operate obtained
from the host community through a
Free, Prior and Informed Consent
process as well as local government
endorsements for the project.
Refer to ASX Announcement dated 24 February and 15 November 2022
35
Copper | A globally significant battery metals
opportunity
Battery metals, including copper and cobalt,
will play a critical role in the 21st century global
economy towards a low carbon future.
Sustainable and reliable production of battery
metals will be needed to meet the growing
demand.
Driven by the global industrial transition to
Gree
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