Slide 1: Developing low-cost, sustainable copper and cobalt supply
For personal use only Developing low-cost, sustainable copper and August 2022 cobalt supply INVESTOR UPDATE September 2022
Slide 2: Disclaimer & Notes
DISCLAIMER & NOTES For personal use only This presentation has been prepared by Celsius Resources Limited (“Celsius” To the extent permitted by law, CLA and its officers, employees, related or “CLA”). The information contained in this presentation is a professional bodies corporate and agents discla
Slide 3: Celsius Resources: A Development Company
CELSIUS RESOURCES A DEVELOPMENT COMPANY For personal use only ❑ Three significant projects in the Philippines and Namibia: MCB • MCB Copper-Gold project in Northern Luzon • Opuwo Cobalt project in Namibia Sagay • Sagay Copper-Gold project in Central Negros ❑ Celsius is prioritising the development o
Slide 4: Robust Long-Term Outlook for Copper
ROBUST LONG-TERM OUTLOOK FOR COPPER Growing copper demand, falling supply For personal use only Medium to long-term copper consumption, Refined copper supply and demand balance by sector (‘000Mt) (2019-2025F) Celsius Share Price (Last twelve months) Source: Citi Research, ICA, IPCC, BNEF ❑ Consumpti
Slide 5: Financial Snapshot
CELSIUS RESOURCES FINANCIAL SNAPSHOT For personal use only SHARES ON ISSUE 1,494,368,043 Management 8% OPTIONS 83,743,842 All other Remaining Top 20 shareholders 28% SHARE PRICE (Per Share) 64% $0.013 MARKET CAPITALISATION AU$19.43M Celsius Share Price (Last twelve months Shareholder Composition CAS
Slide 6: Highly Experienced Board & Management
HIGHLY EXPERIENCED BOARD & MANAGEMENT For personal use only SARGE SARMIENTO Non-Executive Director MICHAEL HULMES MARTIN BUCKINGHAM Non-Executive Director Executive Chairman An experienced Philippine lawyer with over 30 years specialising in mining, A mining engineer with over 30 years Over 40 years
Slide 7: Environmental, Social and Governance
CELSIUS RESOURCES Environmental, Social and Governance For personal use only Our Vision To become an environmentally sustainable producer of copper and gold via a number of operating mines in the Philippines, generating significant profits and dividends for shareholders whilst enhancing the well- be
Slide 8: Maalinao-Caigutan Biyog (MCB) Copper Gold Project
Maalinao-Caigutan Biyog (MCB) COPPER GOLD PROJECT For personal use only SW Mt. Mines Maalinao Dickson NE ❑ Lies within the Central Cordillera Region on the Island of Luzon, ~320 km north of Manila. Tenement covers ~2,500 hectares. ❑ A significant porphyry copper-gold system made up of a number of hi
Slide 9: Positive Scoping Study Results
MCB COPPER GOLD PROJECT Positive Scoping Study Results For personal use only Key Inputs Base case Years 1 to 10 Breakeven ❑ Optimised mine production Copper Price plan focusing on 90ktpa Pre-tax NPV(8%) (including CAPEX) the high-grade US$618m (~A$865m) at an IRR of concentrate Cu-Au portion of the
Slide 10: Mineral Resource: Maiden JORC Mineral Resource Estimate
MCB COPPER GOLD PROJECT Mineral Resource For personal use only MAIDEN JORC MINERAL RESOURCE ESTIMATE ❑ Maiden JORC Mineral Resource Estimate1 was announced in January 2021, comprising: MCB JORC Mineral Resource Statement Mineral Grade Contained Metal Cut-off Tonnes Resource Grade (Mt) Category Coppe
Slide 11: Project Design
MCB COPPER GOLD PROJECT For personal use only Project Design ❑ Designed to be developed and operated through a sublevel open stoping mining method with paste backfill and hydraulic fill. ❑ A Tailings Reclaim Paste Backfill Plant will be installed to produce the required paste backfill and remove the
Slide 12: Outstanding High-Grade Assay Results
MCB COPPER GOLD PROJECT Outstanding High-Grade Assay Results For personal use only Total Depth Length Cu Au Hole ID Depth From To (m) (%) (g/t) ❑ The drilling program has been designed to improve the 730.60 17.00 636.00 619.00 0.41 0.08 OUTSTANDING confidence ofLARGE-SCALE ANDResource the existing M
Slide 13: Mine Plan
MCB COPPER GOLD PROJECT Mine Plan For personal use only OUTSTANDING LARGE-SCALE AND HIGH-GRADE Note: A video on the 3D Representation of the MCB Deposit and Mine Plan can be viewed at the CLA website. 13
Slide 14: Support Infrastructure
MCB COPPER GOLD PROJECT Support Infrastructure For personal use only Support Infrastructure ❑ Access Road to port will require a 21km new road opening and 50km road upgrade. ❑ Concentrate production will be transported and stored in a port laydown area using one of the nearest port locations. ❑ The
Slide 15: Strong Government & Social Acceptability for MCB Project
MCB COPPER GOLD PROJECT For personal use only STRONG GOVERNMENT & SOCIAL ACCEPTABILITY FOR MCB PROJECT ❑ Philippine Government to ramp up the mining industry as This project has significant a key economic driver and source of long-term economic potential; we will endorse it as growth. a priority pro
Slide 16: Key Project Milestones
MCB COPPER GOLD PROJECT For personal use only KEY PROJECT MILESTONES Submission of MOA Application for Issuance of Signing with Declaration of Certification Tribal Mining Project Precondition Community Feasibility August September October November December Updated Submission of Grant of Grant of Com
Slide 17: Opuwo Cobalt-Copper Project
OPUWO COBALT-COPPER PROJECT For personal use only ❑ Upgraded JORC Compliant Resource4 estimate comprising 225.5 Mt at 0.12% Co, 0.43% Cu and 0.54% Zn. ❑ The Minerals Resource estimate represents contained 259,000 tonnes of contained Co, and 970,000 tonnes of contained Cu, and consists of: o Indicate
Slide 18: Opuwo Cobalt Project Updates
OPUWO COBALT PROJECT Updates For personal use only ❑ Completed nine diamond drill holes for future metallurgical optimisation work. Drilling also EPL4540 Co-Cu-Zn (DOF) confirmed the trend along the strike-length of the modelled ore body, reinforcing the EPL4346 consistent nature of the Dolostone Or
Slide 19: Sagay Porphyry Copper Project
SAGAY PORPHYRY COPPER PROJECT) For personal use only ❑ Surface exploration commenced in 2012 and drilling programs conducted between 2012 to present with total drilling distance of 27,517m at a total cost of ~AUD$11.1M. ❑ Results from three drill holes confirm copper mineralisation at depths of less
Slide 20: Summary
CELSIUS RESOURCES Summary For personal use only ❑ Advanced high-grade MCB copper-gold project in the Philippines, includes approx. 1.5Mt of contained copper and 1.5Moz of contained gold. ❑ Scoping Study Pre-tax NPV(8%) of US$618m (~A$865m) @ IRR of 31%. ❑ Focused on the development of MCB Project as
Slide 21: Thank You
For personal use only THANK YOU +61 8 6188 8181 info@celsiusresources.com.au celsiusresources.com.au