(NewsDirect)
Celsius Resources Ltd (ASX: CLA)managing director Peter Hume joins Jonathan Jackson in the Proactivestudio to discuss a range of milestones, the latest being an updatedJORC estimate for the Sagay Copper Project on the Island of Negros inthe Philippines. Hume explains the significance of the update, whichrelates to shallow supergene copper mineralisation and now includesmeasured and indicated resources. He also talks about the SagayProject for Declaration of Mining Project Feasibility and anothernotable quarterly highlight in the MoU with the Kalinga ProvincialGovernment. Finally, Hume explains the drivers of a positive report byWH Ireland which called Celsius ‘a potential near-term, low-costcopper producer’ and puts the company at a fair value of 8.8cents.
Hume said: “The greaterdefinition of the shallow supergene copper at Sagay has increased boththe resource category and our own confidence in the ability to look ata new shallow sustainable friendly development option.
"Theprevious mineral resource only placed this area in the inferredcategory, and with this new update to the mineral resource, this areais now largely in the measured and indicated category, which allowedus to complete and submit a feasibility study to the PhilippineGovernment.
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
jonathan@proactiveinvestors.com
Copyright (c) 2024 TheNewswire - All rights reserved.