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Celsius Resources Limited (ASX:CLA)

ALERT: Price-sensitive ASX Announcement for CLA
Current share price for CLA : $0.005 -0.015 (-75%)+
Announcement
Release
23 Jan 2026 9:29AM
Price at Release
$0.020
Full Release
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Summary
Celsius Resources Limited has announced the results of the Definitive Feasibility Study (DFS) for the Maalinao-Caigutan-Biyog (MCB) Copper-Gold Project, which confirms the project's strong technical and economic viability. The study highlights a pre-tax NPV of USD 1.3 billion with an IRR of 31%, and a post-tax NPV of USD 771 million at an IRR of 24%. The project is expected to produce significant early cash flows with a low average C1 cash cost of USD 0.41/lb Cu over the first decade. The study outlines a 35-year mine life, supported by a large JORC compliant resource and a maiden ore reserve. It employs sublevel open stoping with paste backfill mining methods and considers potential for expansion. The project aims to secure offtake agreements with Asian smelters and progress towards a final investment decision.
Key Points
  • MCB project highlights a pre-tax NPV of USD 1.3 billion and an IRR of 31%.
  • Post-tax NPV is USD 771 million with an IRR of 24%.
  • Early cash flow driven by low C1 cash cost of USD 0.41/lb Cu in the first 10 years.
  • The project has a 35-year mine life with significant mineral resources.
  • Sublevel open stoping with paste backfill is the chosen mining method.
  • Potential for expansion and increased throughput identified.
  • Aims to secure offtake agreements in Asia for clean copper-gold concentrates.
  • Plans to progress towards a final investment decision.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.