Celsius Resources Ltd. · ASX:CLA
Celsius Resources — Non-Deal Roadshow (June 2023)
35 slides from Celsius Resources's roadshow presentation, Jun 21, 2023
Slide 1: Developing a world class, sustainable copper and cobalt supply
For personal use only Developing a world class, sustainable copper and cobalt supply Non-Deal Roadshow Investor Presentation June 2023
Slide 2: Disclaimer & Notes
DISCLAIMER & NOTES This presentation has been prepared by Celsius Resources Limited ("Celsius" or "CLA"). The information contained in this presentation is a professional opinion only and is given in good faith. For personal use only The information contained herein is confidential and proprietary t
Slide 3: Disclaimer & Notes
DISCLAIMER & NOTES The information in this presentation with respect to the Mineral Resource Estimate for the MCB Project was first announced by Celsius to ASX on 12 December 2022. Celsius confirms that it is not aware of any new information or data that materially affects the information For person
Slide 4: Investment Case
CELSIUS RESOURCES | Investment Case Flagship Asset | Maalinao-Caigutan Biyog (MCB) ❑ A mining exploration and development copper and gold • Initial CAPEX US$253m For personal use only mining company with a portfolio of world-class copper-gold • Payback period 2.67 years assets. • Potential for 25-ye
Slide 5: Environmental, Social and Governance
CELSIUS RESOURCES Environmental, Social and Governance Our Vision For personal use only 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 6: Highly Experienced Board & Management
Highly Experienced Board & Management ATTILENORE MANERO Non-Executive Sustainability Director JULITO SARMIENTO SIMON FARRELL For personal use only Corporate Affairs & Sustainability Director-Philippines Executive Chairman Non-Executive Director A development professional who specialises in social an
Slide 7: Maalinao-Caigutan-Biyog Project
For personal use only MAALINAO-CAIGUTAN-BIYOG PROJECT Municipality of Pasil, Province of Kalinga, Philippines
Slide 8: Maalinao-Caigutan Biyog (MCB) Copper-Gold Project
Maalinao-Caigutan Biyog (MCB) Copper-Gold Project - Flagship project Key Features 320km north of Manila. For personal use only In line with gov’t regulations, MCB is held by its Philippine subsidiary, Makilala Mining Company, Inc. Exploration Tenement covers c.2,500 hectares. First Explorati
Slide 9: MCB | Outstanding Assay Results
MCB | Outstanding Assay Results Depth Depth Length Cu Au Hole ID Total Depth From To (m) (%) (g/t) ❑ The 2021 drilling program was designed to improve the 730.60 incl. 17.00 229.75 636.00 604.00 619.00 374.25 0.41 0.51 0.08 0.11 MCB-033 For personal use only confidence of the existing Mineral Resour
Slide 10: MCB | Mineral Resource Estimate
MCB | Mineral Resource Estimate ❑ An updated JORC Mineral Resource Estimate was announced in December 2022, comprising: For personal use only Copper Gold Copper Gold Tonnes Type Classification Grade Grade Metal Metal (Mt) (%) (g/t) (kt) (kozs) Measured 2 0.59 0.07 11 4 Weathered Indicated 7 0.56 0.0
Slide 11: MCB | Project Design
MCB | Project Design Estimated initial capital investment is US$253M which excludes initial operating capital. For personal use only Designed to be developed and operated through a sublevel open stoping mining method with backfilling and dry stacking method to enable a primary-secondary extracti
Slide 12: MCB | Positive Study Results
MCB | Positive Study Results Key Inputs Base case Payback For personal use only Pre-tax NPV(8%) Optimised mine plan period US$618m (~A$865m) at an Metallurgical focused on the high-grade IRR of 35% assuming 2.67 years test work recoveries Cu-Au portion of the MRE, US$4/lb Cu & US$1,695/oz Potentia
Slide 13: MCB | Government Approvals and Permitting
MCB | Government Approvals and Permitting Key Technical Requirements Submission & Approvals For personal use only This project has significant Declaration of Mining Project Feasibility Approval potential; we will endorse it as ▪ Environmental Compliance Certificate ☑ a priority project to fast-track
Slide 14: MCB | Agreement with Local Partner
MCB | Agreement with Local Partner ❑ Celsius signed a Binding Deed and Agreement ❑ Our local partners share the same commitment to For personal use only on 17 March 2023 with Sodor, Inc. and the developing the mine project in a sustainable and PMR Group for the development of the MCB transformative
Slide 15: MCB | Proposed Timeline
MCB | Proposed Timeline 2006-2016 EXPLORATION Selecting exploration targets, mapping, Geochem, surface sampling, drilling For personal use only 2021 PRELIMINARY TECHNICAL STUDY Diamond drilling, technical studies, metallurgical sampling 2022 MINE FEASIBILITY STUDY FPIC ECC EPEP/FMRDP LGU Endorsement
Slide 16: Botilao Porphyry Copper-Gold Prospect
For personal use only BOTILAO PORPHYRY COPPER-GOLD PROSPECT Municipality of Pasil, Province of Kalinga PHILIPPINES
Slide 17: Botilao Porphyry Copper-Gold Prospect
Botilao Porphyry Copper-Gold Prospect ❑ Botilao tenement is located in the Cordillera Administrative For personal use only Region in the Philippines, ~320km north of Manila. ❑ It is a prospect within the Makilala portfolio with an approximate area of 947 hectares, southwest of the MCB Project. ❑ Exp
Slide 18: Botilao Porphyry Copper-Gold Prospect
Botilao Porphyry Copper-Gold Prospect ❑ Drilling was previously conducted by Lepanto Exploration Asia in the '70s which determined For personal use only the presence of copper-gold mineralisation in the area. ❑ Botilao is along the same northeast structure which is a major control of the porphyry Cu
Slide 19: Sagay Copper-Gold Project
For personal use only SAGAY COPPER-GOLD PROJECT Province of Negros Occidental, Philippines
Slide 20: Sagay Copper-Gold Project
Sagay Copper-Gold Project Sagay Copper-Gold Project is held by Tambuli Mining For personal use only Company, Inc., a Philippine subsidiary of Celsius Resources, Ltd. with a tenement area of 4,584 hectares. Exploration commenced in 2008, including: geological mapping gridlines preparations
Slide 21: Sagay | Maiden Mineral Resource Estimate
Sagay | Maiden Mineral Resource Estimate ❑ A maiden JORC-compliant Indicated and Inferred Mineral Resource of 302 million tonnes @ 0.41% copper and 0.11g/t gold. For personal use only ❑ MRE defined by 32 diamond drill holes in Nabiga-a Hill which are broadly spaced and have shown copper mineralisati
Slide 22: Sagay | Development Approach
Sagay | Development Approach The definition of large-scale copper mineralisation will enable CLA to consider lower cost bulk mining methods as part of the next For personal use only phase of studies. Sagay project can be developed in a Phased Approach: Phase 1: Developing the shallow chalcocit
Slide 23: Opuwo Cobalt-Copper Project
For personal use only OPUWO COBALT-COPPER PROJECT Northern Namibia, Southern Africa
Slide 24: Opuwo Cobalt-Copper Project
Opuwo Cobalt-Copper Project ❑ Celsius’ subsidiary held under Opuwo Cobalt Holdings (Pty) Ltd. Celsius has 95% ownership of the Opuwo Project while For personal use only the remaining 5% is owned by a local company, Namibian Former Robin Island Political Prisoners Trust, in line with Namibian gov’t r
Slide 25: Opuwo | Key Features
Opuwo | Key Features ❑ The Opuwo deposit is a mineralised For personal use only body with a minimum strike length of 25 km, out of which only 13 km has EPL4540 been drilled. Co-Cu-Zn (DOF) ❑ +95% of the Mineral Resource is comprised of fresh sulphide ore with EPL4346 over 80% in an Indicated categor
Slide 26: Opuwo | Mineral Resource Estimate
Opuwo | Mineral Resource Estimate Upgraded JORC Compliant Opuwo Mineral Resource Estimate, by classification, 1 July 2021 For personal use only Resource estimate comprising 225.5 Mt at 0.12% Co, 0.43% Cu Cut-off Tonnage Cobalt Copper Zinc Combined Category Mining Method and 0.54% Zn. (Co eq%) (MT)
Slide 27: Opuwo | Updates
Opuwo | Updates ❑ 9 diamond drill holes with a total of 1,089m for future metallurgical optimisation work which is underway. For personal use only ❑ Drilling confirmed the trend along the strike-length of the modelled ore body, reinforcing the consistent nature of the Opuwo Cobalt Deposit mineralisa
Slide 28: Opuwo | Development Approach
Opuwo | Development Approach ❑ Economic Scoping Study planned later in 2023. For personal use only ❑ Assessing ways of improving project viability given recent increases in the cobalt and copper prices. ❑ Further test works being undertaken to delineate the roasting and tank leach parameters which m
Slide 29: Investment Summary
Investment Summary 1 2 For personal use only Highly experienced Board Generating and exploring and Management team a Pipeline of near-term with in-country project producing copper-gold development experience and Cobalt projects and demonstrated capital while prioritising the funding. development of
Slide 30: Appendices
Appendices For personal use only MCB | Mine Plan MCB | Support Infrastructure MCB | Strong Government and Social Acceptability MCB | Copper | A globally significant battery metals opportunity 30
Slide 31: MCB | Mine Plan
MCB | Mine Plan For personal use only Note: A video on the 3D Representation of the MCB Deposit and Mine Plan can be viewed at the CLA website. Prepared by Steve Olsen (MAusIMM, AIG), https://celsiusresources.com/celsius-releases-3d-model-of-mcb-resource/ 31
Slide 32: MCB | Support Infrastructure
MCB | Support Infrastructure Access Road to port will require a new road For personal use only opening and a road upgrade to allow transport of oversized cargo. Concentrate production will be transported and stored in a port laydown area using one of the nearest port locations. Power sourced f
Slide 33: MCB | Strong Government and Social Acceptability
MCB | Strong Government and Social Acceptability ❑ Philippine Government to ramp up the mining industry as a key economic driver and source of long- term economic growth. For personal use only ❑ Mines and Geosciences Bureau (MGB) awarded the MCB project priority status to fast-track project approval
Slide 34: Copper | A globally significant battery metals opportunity
Copper | A globally significant battery metals opportunity ❑ Battery metals, including copper and cobalt, will play a For personal use only critical role in the 21st century global economy towards a low carbon future. ❑ Sustainable and reliable production of battery metals will be needed to meet the
Slide 35: For personal use only
For personal use only +61 2 8072 1400 info@celsiusresources.com.au celsiusresources.com