Celsius Resources Ltd. · ASX:CLA
Celsius Resources — Investor Presentation (February 2026)
28 slides from Celsius Resources's investor presentation, Feb 16, 2026
Slide 1: Corporate Presentation: Developing the next Copper-Gold Mine in the Philippines
For personal use only Developing the CORPORATE next Copper-Gold Mine in the PRESENTATION Philippines February 2026 ASX/AIM: CLA
Slide 2: Disclaimer & Notes
DISCLAIMER & NOTES This presentation has been prepared by Celsius Resources Limited ("Celsius" "CLA", or "the Company“) and has been In the United Kingdom, these presentation materials have not been approved by an authorised person pursuant to section authorised for release by the Board of Directors
Slide 3: Corporate
For personal use only 01 CORPORATE
Slide 4: Corporate Overview
Corporate Overview Celsius Resources is focused on developing its flagship MCB Copper-Gold Project in the Philippines For personal use only Capitalisation Summary CLA Share Price Units Amount 0.03 70.0 Share Price @ 30 Jan $ Per Share $0.02 Shares Outstanding 2 Million Shares 3,241.5 60.0 Market Cap
Slide 5: Board and Management
Board and Management Credentialed Board and management team to drive Celsius into near-term Cu and Au production For personal use only Neil Grimes Peter Hume Mark van Kerkwijk Paul Dudley Executive Director Non-Executive Director Non-Executive Director Non-Executive Director • Over 30 years of exper
Slide 6: Portfolio Overview
Portfolio Overview Flagship MCB Project is complemented by an extensive exploration footprint in the Philippines For personal use only MCB Copper-Gold Project Botilao Copper-Gold Prospect • Flagship project, targeting FID in Q2 2026 • ~947 hectares, southwest and adjacent to the MCB • Large-scale re
Slide 7: Maalinao-Caigutan-Biyog (MCB) Project
Maalinao-Caigutan-Biyog (MCB) Project DFS marks a significant de-risking event in progressing the MCB Project toward FID and construction For personal use only • Celsius’ flagship copper-gold development project, held through its Philippine affiliate, Makilala Mining Company, Inc. (“MMCI”) • Located
Slide 8: MCB Project DFS Outcomes
For personal use only MCB PROJECT 02 DFS OUTCOMES
Slide 9: Foundation Asset
Foundation Asset MCB Copper-Gold Project is Celsius Resources’ flagship asset, set to commence construction in 2026 For personal use only ✓ Long Life Attractive Economics 35+ year mine life, supported by Post-tax NPV₈% of US$771M and large-scale resource base of: IRR of 24% based on conservative ▪ 3
Slide 10: Definitive Feasibility Study Completed
Definitive Feasibility Study Completed DFS outlines the MCB Project’s strong economic fundamentals For personal use only First 10 Years 1 Life of Mine 1 Ore Mined 24.5 Mt 90.0 Mt 1.08% Cu 0.69% Cu Head Grades 0.51 g/t Au 0.24 g/t Au 246 Kt Cu (542 Mlbs) 560 Kt Cu (1234 Mlbs) Recoverable Metal 2 319
Slide 11: Definitive Feasibility Study Completed (Cont.)
Definitive Feasibility Study Completed (Cont.) DFS outlines the MCB Project’s strong economic fundamentals For personal use only First 10 Years 1 Life of Mine 1 EBITDA US$2.3B US$5.1B Development CapEx US$276M US$276M Free Cash Flow US$1,429M US$2,843M Post Tax NPV8% US$444M US$771M Post Tax IRR 22.
Slide 12: DFS Mine Plan
DFS Mine Plan Underground operation targeting near vertical orebody rich in copper and gold mineralisation For personal use only Mining Method 1 • Sub-level open stoping (SLOS) mining method with Stoping and Decline Development cemented paste backfill and dry-stacking of tailings • Efficient mining
Slide 13: Updated Mineral Resource Estimate
Updated Mineral Resource Estimate JORC mineral resource of 343 Mt and maiden ore reserve of 130 Mt underpinning 35-year mine life For personal use only Mineral Resource Block Model JORC Reserves and Resources 1, 2 Domain Ore Grade Contained Metal Cu Grade Mt % Cu g / t Au Kt Cu Koz Au 2.0% 1.0% 0.5%
Slide 14: MCB Project Site Layout
MCB Project Site Layout Site Layout For personal use only Dry Stacking Area Tailings Filtration HV Switchyard Future Mining Shaft/Winder Fuel/WTP/ Process Plant Batching Plant Mine Infrastructure Area UG Portal Contractor Pads Main Access Road to Site Process and Filter Plant General Administration
Slide 15: Processing Plant and Flow Sheet
Processing Plant and Flow Sheet Significant processing infrastructure to be developed to treat MCB copper-sulphide ore For personal use only Processing Flow Sheet • Plant designed to treat copper-sulphide ore at 2.28 Mtpa during Years 1 – 2 and ~2.64 Mtpa thereafter Trommel O/S Cyclone U/F Cyclone O
Slide 16: Project Infrastructure
Project Infrastructure The MCB Project’s mine plan is supported by low cost and robust infrastructure solutions For personal use only Site Infrastructure Power Supply Site Water Management • Project will comprise an underground mine • Estimated power demand of 16.3 MW from • Raw water is abstracted
Slide 17: ESG Commitment
ESG Commitment For personal use only ✓ Minimised land disturbance through limited vegetation clearing and progressive rehabilitation of areas impacted by the Project ✓ Robust tailings management strategy incorporating cemented paste backfill for underground disposal and filtered dry-stack tailings f
Slide 18: Production Profile
Production Profile Robust mine plan delivering an average of 2.5 Mtpa ore mined and 19 ktpa Cu equivalent over LOM For personal use only Material Mined Truck Haulage Vertical Shaft Hoisting System 3,000 1.0 x Mining almost solely in the orebody Material Mined (kt) 2,500 0.8 x Strip Ratio (x) 2,000 1
Slide 19: Initial Capital Expenditure
Initial Capital Expenditure Development CapEx is expected to be ~US$276M over a 2.7-year construction period For personal use only • Development CapEx, excluding provisions for growth and contingency, has been estimated at US$234.5M • Growth provision of US$15.1M was added to the base estimate, in a
Slide 20: Development and Execution Strategy
Development and Execution Strategy The DFS is based on the following projection execution strategy: For personal use only ▪ Engineering Contractor to complete design of the process plant and key infrastructure ▪ Owner’s team PCM (procurement, construction management with Engineering Contractor remot
Slide 21: Cash Flow Profile
Cash Flow Profile MCB is estimated to generate ~$2.8 billion in free cash flows over LOM, based on conservative long-term commodity price assumptions included in the DFS For personal use only Post-Tax Unlevered Free Cash Flow | DFS Price Assumptions Cumulative Post-Tax Unlevered Free Cash Flow 350 O
Slide 22: NPV and Sensitivities
NPV and Sensitivities Valuation outcomes under the conservative DFS mine plan For personal use only Key Metrics Sensitivities (Post-Tax) NPV₈% Sensitivities (Post-Tax) | US$M US$771M Commodity Price Assumption 1 Head Grade (-/+10%) -186 +186 -10% DFS +10% Spot 2 FCF US$ Discount Rate (+/-1pp) -109 +
Slide 23: Further Upside Beyond Base Case
Further Upside Beyond Base Case Identified growth optionality including resource extension, staged surface material recovery and potential throughput expansion For personal use only Resource Extension • Fault displacement and interpreted mineralisation trends indicate potential for additional high-g
Slide 24: Consultants and Partners
Consultants and Partners Celsius and MMCI partnered with pre-eminent technical consultants to deliver the DFS For personal use only Contributions to the MCB DFS • Process plant design, surface infrastructure • Surface geotechnical report, dry stacking and earthworks design, capital cost (tailings) a
Slide 25: Upcoming Milestones
Upcoming Milestones Engineering today, copper-gold production by 2028 For personal use only 2026 Q2 2026 Q2 2028 Completion of Project Final Investment Decision (FID) Mine production – Financing Award construction contracts First Copper & Gold ✓ 2026 Q2 2026 Q3 - 2028 2026 Q1 Mandatory compliances -
Slide 26: DFS Technical and Economic Summary
DFS Technical and Economic Summary Item First 10 Years Life Of Mine Ore Mined 24.5 Mt 90.0 Mt For personal use only Copper Grade 1.08% 0.69% Gold Grade 0.51 g/t 0.24 g/t Copper Recovery 92.5% 89.7% Gold Recovery 79.7% 72.6% Mine Life 10.0 Years 35.3 Years Process Plant Throughput 2.64 Mtpa 2.64 Mtpa
Slide 27: Investment Case
Investment Case Celsius represents a compelling investment opportunity For personal use only MCB Project represents a low-cost, long-life mining project with a clear pathway to development and financing, with follow-on copper-gold projects at Sagay and Botilao in the Philippines 1. Flagship MCB Proj
Slide 28: For Further Information
Engineering today, copper-gold production by 2028 For personal use only For Further Information W: celsiusresources.com E: info@celsiusresources.com.au Level 5, 191 St. Georges Terrace Perth WA 6000 PO Box 7059 Cloisters Square PO Perth WA 6850 P: +61 8 9324 4516 Celsius Resources - Corporate Presen
Celsius Resources — Investor Presentation (February 2026) on 6ix