REG - Celsius Resources Ld - Corporate Update

Celsius ResourcesAnnouncement

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RNS Number : 6936M  Celsius Resources Limited  24 December 2025

 

ASX/AIM RELEASE

24 December 2025

 

Celsius Corporate Update

 

Celsius Resources Limited ("Celsius" or the "Company") (ASX,AIM:CLA) is
pleased to announce that it is in discussions with a prominent Financial
Advisory firm to assist with finalising the 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
several well-qualified international mining groups with proven experience in
copper and gold project finance, metal streaming, and concentrate offtake. In
addition to structured and debt financing proposals, the Company has also
received expressions of interest for Project equity participation. Given the
importance of such a decision for the future of the Company, the MCB Project
and value creation for shareholders, the Board considered that additional
financial analysis and advice will be of value in reaching the ultimate
decision.  Engagement of the financial advisor and the planned process to
complete the financing will soon be announced.

The Company's search for a new Chair continues and shareholders will be
updated further at the appropriate time.

Feasibility Study

The Company had originally planned to announce the final Feasibility Study for
the MCB Copper-Gold Project in December 2025. A brief timing adjustment has
been made to allow for the confirmation of two isolated test results that were
not aligned with the otherwise consistent positive study outcomes. This
confirmatory work is being undertaken as part of the Company's normal
quality-control process to ensure the final Feasibility Study is delivered to
the highest standard and with full confidence for investors.

Importantly, all other components of the Feasibility Study - including the
mine plan, process design, capital and operating cost estimates, financial
model, and supporting expert reports - have been finalised, subject only to
incorporation of the confirmatory metallurgical results. This additional work
does not indicate any underlying issue with the Project or its development
strategy but reflects the Company's disciplined and conservative approach to
delivering a robust, investment-ready study.  As a result of this additional
testwork, there may be some minor adjustments to some capital equipment or
process plant operating costs.  It is not expected to be of any significant
impact to the overall project.

While this confirmatory work was not originally scheduled, the Company has
accepted a short delay in order to deliver a high-quality Feasibility Study
that meets the expectations of financiers, regulators, and long-term
investors. The Company now expects to release the final Feasibility Study in
January 2026.

 

Executive Director Neil Grimes commented:

"Whilst the delay in finalising the Feasibility Study and financing package is
not ideal,  we are confident that the announcement of the final feasibility
report in January, and the impending engagement of a world-class financial
advisory firm will enable the Board of Directors in making the best decision
possible to move forward into construction with the MCB Copper-Gold Project in
2026"

 

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.

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 (mailto:info@celsiusresources.com.au)

W: www.celsiusresources.com (http://www.celsiusresources.com)

 

 Celsius Resources Limited
 Neil Grimes                                                     P: +61 419 922 478

                                                                 E: info@celsiusresources.com.au (mailto:info@celsiusresources.com.au)

                                                                 W: www.celsiusresources.com (http://www.celsiusresources.com)
 Multiplier Media

 (Australia Media Contact)                                       M: +61 402 075 707

 Jon Cuthbert                                                    E: jon.cuthbert@multiplier.com.au (mailto:jon.cuthbert@multiplier.com.au)

 Zeus Capital Limited

 (Nominated Adviser)

 James Joyce/                                                    P: +44 (0) 20 3 829 5000

 James Bavister

 (Broking)

 Harry Ansell

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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