Corporate Presentation
Released
Released
Announcement PDF
Corporate Presentation
September 2025
Development ready, near-term, low-cost
Copper-Gold producer
ASX/AIM: CLA
DISCLAIMER & NOTES
This presentation has been prepared by Celsius Resources Limited ("Celsius" "CLA", or "the
Company“). 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 recipient 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
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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
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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
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United Kingdom Prospectus Rules.
Celsius Resources - Corporate Presentation September 2025
The distribution of these presentation materials in other jurisdictions may be restricted by
law, and persons into whose possession these presentation materials come should inform
themselves about, and observe, any such restrictions. Any failure to comply with these
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 updated JORC compliant Mineral
Resource Estimate for the MCB Project was announced by Celsius to the 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 Scoping 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. Please note that
as at the date of this presentation there are studies ongoing to update the Feasibility Study
for the MCB Project and to complete the Front-End Engineering and Design. These studies
are scheduled for completion before December 2025.
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. An updated
Mineral Resource Estimate was announced to the ASX/AIM on 06 February 2024 and
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.
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Latest Summary
Our premier project, Maalinao-Caigutan-Biyog (MCB) PROJECT
Continues Feasibility Study update and FEED Program – on
schedule
• First new mining licence for Copper-Gold issued in The Philippines for 15
years
• Strong local indigenous community support from the Balatoc people
• Strong support from Maharlika Investment Corporation (MIC)
• the Sovereign Wealth Fund of The Philippines
• Bridging loan drawn down USD 4 million against First OLSA of USD 10
million
• Feasibility study update and FEED program due to report in early
September ahead of study completion in December 2025
• Focus on MCB project financing for full capital cost – live discussions with
potential debt, equity and offtake partners including MIC
• On-track for construction start in Q1 2026
• Copper-Gold project on target to achieve first concentrate production by
end of 2027
See CLA Announcements dated 15 Nov. 2022, 18 Mar 2024, 17, 24 Feb 2025, and 27 June 2025, 7 Aug 2025 and 15 Sep 2025
Celsius Resources - Corporate Presentation September 2025
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Share price Performance – CLA:ASX
•
•
•
•
Share price performance has been affected by the number of capital raising activities in late 2024 and early 2025
Full value of MCB project now apparent through published external independent broker research
The company share register is mainly very supportive retail shareholders
Fully paid ordinary shares on issue - 3,135,488,452
As at 22 September 2025
Celsius Resources - Corporate Presentation September 2025
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Top Shareholders
Celsius Resources - Corporate Presentation September 2025
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Project Portfolio
Celsius has a number of defined projects
Copper-Gold JORC resources in the
Philippines.
MCB Project construction is expected to
commence in 2026 with production of
first concentrates by end of 2027
Other exploration projects continue to
progress at reduced pace and reduced cost
to allow focus on MCB
Namibia and Australian projects to be
divested
Project areas security and stability present
low-risks for exploration, construction and
operations
Figure 2: Location of Philippines Projects
Celsius Resources - Corporate Presentation September 2025
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Highly Experienced Board and Management
JULITO SARMIENTO
Executive Chairman
NEIL GRIMES
Executive Director
PETER HUME
Non-Executive Director
ATTILENORE MANERO
Non-Executive Sustainability Director
Corporate Affairs & Sustainability
Director-Philippines
“Sarge” is an experienced Philippines lawyer with over 30 years
experience, specialising in mining, environment, social license,
indigenous peoples, renewable energy and government relations. He
has built close relationships with governments, Church and local
communities including those who host our mineral projects.
Neil is a qualified CPA and MBA. He has had a long career in the mining
industry and holds a number of Director roles in private companies
including operational mining companies. He has more than 12 years
experience in the Philippines on mineral and other projects and brings
years of corporate consulting and mining management.
Peter has 40 years’ experience on major mining and construction
development projects on lead roles throughout Australia, Philippines and
internationally. He has experience in general management, project
management, construction management, dispute resolution, infrastructure
development, process design, concept planning, development,
commissioning and operations. Peter has been resident in The Philippines
for 18 years and engaged in minerals projects in that time.
“Nene” is a dedicated Philippines national ESG professional integrating
sustainability into business strategies with nearly 20 years of experience in
social and environmental impact management across infrastructure, energy,
and mining projects, particularly with indigenous communities in the
Philippines.
Non-Executive Director
Paul is 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 Partner. Paul leads our AIM connections with UK
investors.
MARK VAN KERKWIJK
Non-Executive Director
Mark brings a strategic and entrepreneurial approach to executing
CLA’s flagship projects. He has extensive substantial private investor
experience in the resource sector, particularly in the mining industry.
PAUL DUDLEY
Celsius Resources - Corporate Presentation September 2025
KELLIE DAVIS
Company Secretary
Kellie has 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 OfficerPhilippines
Jane is a Philippine national licensed
Mining Engineer with a decade of
combined
experience
in
both
government and private sectors, where
she has taken on key leadership roles in
the mining industry.
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ESG Commitment
Celsius and MMCI have committed to:
• Regular open stakeholder engagement
and communication.
• Foster collective action to set and
maintain high standards of environmental
stewardship.
• Apply the highest standards of corporate
governance and ensure compliance with
relevant laws across the Board.
Management, staff and contractors at all
times.
• Safeguard and sustain our social,
environmental, and corporate license to
operate.
Celsius Resources - Corporate Presentation September 2025
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Maalinao-Caigutan-Biyog (MCB)
Copper-Gold Project
Kalinga, Philippines
Celsius Resources - Corporate Presentation September 2025
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MCB Copper-Gold Project – Our Top Priority
MCB Copper-Gold Project
• Celsius’ flagship project held by its Philippine affiliate ,
Makilala Mining Company, Inc. (MMCI).
• Located approximately 320km north of Manila and
covers c.2500 ha.
• Mining Permit (MPSA) issued March 2024 - confirmed
April 2025.
• Initial 25-year term, renewable for another 25 years.
• Porphyry style copper-gold mineralisation with a highgrade sub vertical core.
• 55 diamond drill holes completed from 2006-2022,
total of 30,122m.
• Additional geo-technical, hydro-geological and
metallurgical test-hole drilling program underway as
part of the feasibility study update.
See CLA Announcements dated 18 March 2024, 12 Dec 2022, 8 Apr
2025, 15 Sep 2025
Celsius Resources - Corporate Presentation September 2025
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MCB Project | Mineral Resource Estimate
JORC Mineral Resource Estimate (Dec 2022):
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).
Contains approximately 1.6Mt of Copper and approx.
1.3Moz of Gold.
See CLA Announcement dated 12 Dec. 2022
Celsius Resources - Corporate Presentation September 2025
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MCB | High Grades & Recovery - Solid Economics
Mine plan is focused on the high-grade Cu-Au
portion of the MRE,
49 Mt at 0.85% Cu and 0.41g/t Au, 100% of which is
classified as Indicated Resource
Based on testwork to date, the planned copper
concentrate is highly marketable
Item
First 10 Years
Life of Mine (25 Years)
Ore Mined
20.2 Mt
48.8 Mt
Copper Grade
1.14%
0.85%
Copper Recovery
94.2%
94.2%
Gold Grade
0.54 g/t
0.41 g/t
Gold Recovery
79.0%
79.0%
Process Plant Throughput
2.28 Mtpa
2.28 Mtpa
Average Annual Copper
Production (Payable)
22ktpa
16 ktpa
Average Annual Gold
Production (Payable)
27 kozpa
19 kozpa
Initial Capital
USD 253M
USD 253M
NPV (Post-tax, 12% real)
N/A
USD393M
IRR
N/A
35%
Payback
2.3 years
2.3 years
USD 0.56/lb
USD 1.11/lb
C1 Cost (net of gold credits)
See CLA Announcement dated 01 Dec. 2021
*Assumption: Cu = USD4.0/lb; Au = USD 1,695/oz"Post-tax" includes statutory and
corporate taxes. "Pre-tax" excludes Corporate tax only. Final tax position will be subject to
negotiation with the Government of the Philippines. Feasibility Study update in progress.
Celsius Resources - Corporate Presentation September 2025
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MCB | Latest High-Grade Intercept
•
Recent results from a metallurgical testwork hole show 113.1 metres from 8.1 metres downhole, grading 1.32% Cu
and 0.41 g/t Au, including a higher-grade zone of 54.6 metres from 60.4 metres grading 1.84% Cu and 0.74 g/t Au.
•
These results demonstrate robust mineralisation within the targeted zone and will be incorporated into future
metallurgical test work and resource evaluation.
Figure 1. Location of drill hole MTPH-001 relative to recent and historical diamond drilling at MCB.
Figure 2. Cross section (see location at Figure 1) showing drill hole MTPH-001 in proximity to
MCB-042 and MCB-0433, highlighting significant assay results (looking northeast).
Refer to ASX Announcements dated 28 Feb 2023, 15 Sep 2025
Celsius Resources - Corporate Presentation September 2025
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MCB Development Planning on-track
Celsius has delivered:
Mineral Production Sharing Agreement (MPSA) for
MCB
Indigenous People Free Prior Informed Consent
(FPIC)
Environmental Clearance Certificate
Bridging Loan - first tranche USD10 million being
drawn down as required (up to USD76 million)
Strong community support from Kalinga and Balatoc
area with Social Development Management Plan
agreed
Feasibility Study update in progress to complete by
early December 2025
FEED program underway locking in early works
equipment and costs
Financing underway with multiple parties including
MIC – aiming for financial close in Q4 2025
Going forward to mine production at MCB in 2027
Preliminary mine design from current feasibility study update
See CLA Announcements dated 15 Nov. 2022, 18 Mar 2024, 04 Sept 2024, 17, 24 Feb 2025, and 27 June 2025
Celsius Resources - Corporate Presentation September 2025
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MCB Project | Permitting and Approvals
All permits received for Mining Development*
DMPF
application
28 Sep 22
14 Nov 22
Free, Prior
and
Informed
Consent
MOA
29 May
23
MIC
Bridging
Loan
Approval
Mining
Permit
Approval
Environmental
Clearance
Certificate
Issuance
27 Sep
23
DMPF
Approval
15 Mar
24
4 Sep
24
Free Prior
Informed
Consent
Certificate of
Precondition
19 May
25
MCB
Project
Funding
Secured
Q4
2025
Feasibility
and FEED
Studies
Completed
Q4
2025
First
Concentrate
Q1
2026
Q4
2027
Construction
Start
* local permits for water, land clearing and others to be obtained
See CLA Announcements dated 15 Nov. 2022, 31 May 2023, 18 Mar 2024, 17, 24 Feb 2025, and 27 June 2025
Celsius Resources - Corporate Presentation September 2025
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MCB Project | Infrastructure
The MCB Project’s mine plan is meticulously outlined to establish supportive infrastructure essential for
sustaining and managing its operations seamlessly, from production to the delivery of concentrates.
Site Infrastructure
Power Supply
Site Water Management
▪ The MCB Project will comprise an
underground mine and surface infrastructures.
▪ Estimated power demand of 12 MW to be
sourced from the National Grid Corporation
of the Philippines at San Esteban, Ilocos Sur.
▪ A freshwater impoundment and the
underground water collection pond
with estimated capacity of
approximately 100,000m3 and
500,000m3, respectively, will be
constructed to support site operations.
▪ The site layout includes a process plant,
ancillary facilities, and a general admin facility.
▪ Concentrates will be transported from the
plant site to the port facility by trucks using
lined containers, via the 21-km main access
road that is to be constructed.
▪ The containers will be stored in a laydown area
near the port and delivered to the docking
area once a vessel is available.
▪ Road (21 km) connecting the mine site to the
highway and shipping port will be jointly
developed by MMCI and the Provincial Local
Government Unit.
▪ Additional towers and overhead
transmission lines will be necessary to
connect the grid to the project site.
▪ Current grid power from coal (60%), gas
(18%), geothermal (10%), hydro (8%), wind
& solar (2.6%)
▪ Alternative power sources may used as
renewable energy projects become
operational, including a geothermal and
hydropower.
▪ A water treatment plant or clarifier will
be installed after the collection dam to
remove the impurities from the contact
water before discharging to the Pasil
River.
▪ The operation will use minimal fresh
water with an average demand of
0.02m3/s, most of which will be
recycled.
Refer to ASX Announcements dated 01 December 2021 and 19 October 2023
Celsius Resources - Corporate Presentation September 2025
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MCB Project | Project Financing Status
Bridging Loan agreement signed with Maharlika Investment Corporation, the Philippines’
sovereign wealth fund, for a bridge loan facility of USD 76.4 million – to date only USD 4 million
drawn-down
•
A number of interested parties, including MIC, are in active discussions on financing
through debt and equity to satisfy the MCB Capital expenditure and working capital
requirements
•
Approaches from potential offtake partners to finance working capital requirements and
secure revenue stream for operations
•
Approaches from potential equity partners to fully fund the capital requirements and
ensure compliance with Philippines MPSA ownership requirements
•
Celsius Resources continues to pursue MCB Project funding and ensure high quality
technical study results for the JORC compliant Feasibility Study update and FEED – results
to be published
•
Aiming for Q4 2025 financial close
•
Construction expected from Q1 2026
Refer to ASX announcements dated 24 Feb 2025, 8 Apr 2025, 17 Jun 2025, 15 Sep 2025
Celsius Resources - Corporate Presentation September 2025
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MCB Project - Anticipated Milestones
Celsius Resources - Corporate Presentation September 2025
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Sagay Copper-Gold Project
Negros Occidental, Philippines
Celsius Resources - Corporate Presentation September 2025
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Sagay Copper-Gold Project
Sagay Copper Project is held by Tambuli Mining Company,
Inc. (TMCI), a Celsius subsidiary
Tenement area of ~1,780 hectares.
The Declaration of Mine Project Feasibility (DMPF) is in
process with The Mines & Geosciences Bureau (MGB)
The approval of the DMPF and the EIA will result in issue of
an Environmental Compliance Certificate (ECC)
Following the ECC, the MPSA permitting process will be
undertaken.
Exploration and permitting activity at Sagay is deferred to
allow focus on the crucial MCB development project in 2025.
Exploration since 2008
47 drill holes of 28,252.20m completed from 2012 to 2023
Large-scale deep porphyry copper-gold mineralisation
Shallow, secondary supergene deposit west of the main
porphyry deposit
See CLA Announcements dated 20 Apr 2021, 08 Jan 2024 and 06 Feb 2024
Celsius Resources - Corporate Presentation September 2025
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Sagay | Mineral Resource
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.
See CLA Announcement dated 6 February 2024
Celsius Resources - Corporate Presentation September 2025
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Botilao Copper-Gold Prospect
Kalinga, Philippines
Celsius Resources - Corporate Presentation September 2025
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Botilao Copper-Gold Prospect
Approximate area of 947 hectares, southwest and adjacent
to the MCB Project.
Exploration permit renewal underway
MCB
BOT
Copper-gold mineralisation in the area has
copper grades up to ~1%.
See CLA Announcements dated 20 June and 07 Aug 2023
Celsius Resources - Corporate Presentation September 2025
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EXPLORING, DEVELOPING and READY FOR MINING IN 2027
Level 5, 191 St. Georges Terrace
Perth WA 6000
PO Box 7059
Cloisters Square PO
Perth WA 6850
P: +61 8 9324 4516
W: celsiusresources.com
Australia: neil@celsiusresources.com.au
United Kingdom:
info@celsiusresources.com.au
Celsius Resources - Corporate Presentation September 2025
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