Celsius Resources Ltd. · ASX:CLA
Celsius Resources — Investor Presentation (March 2024)
37 slides from Celsius Resources's investor presentation, Mar 19, 2024
Slide 1: Developing a near-term, low-cost copper producer
For personal use only Developing a near-term, low-cost copper producer Corporate Presentation March 2024 ASX/AIM: CLA
Slide 2: Disclaimer & Notes
DISCLAIMER & NOTES This presentation has been prepared by Celsius Resources Limited ("Celsius" or "CLA"). The The distribution of these presentation materials in other jurisdictions may be restricted by information contained in this presentation is a professional opinion only and is given in good la
Slide 3: Investment Case
CELSIUS RESOURCES | Investment Case For personal use only A mining exploration and development company with a portfolio of world-class copper-gold and cobalt assets strategically positioned to capitalise on a battery metals commodity MCB Project Botilao Prospect supercycle. Sagay Project Opuwo Proje
Slide 4: Committed to Leading ESG Practices
CELSIUS RESOURCES | Committed to Leading ESG Practices For personal use only Our Vision To become an environmentally sustainable producer of copper and gold via a number of operating mines in Ethical & Effective the Philippines, generating significant Business & profits and dividends for shareholder
Slide 5: Highly Experienced Board and Management
CELSIUS RESOURCES | Highly Experienced Board and Management A Fellow of the Institute of Chartered Accountants of England and Wales and For personal use only JULITO SARMIENTO PETER HUME a Member of the UK's Chartered Executive Chairman Managing Director Institute of Securities and Investments. He fo
Slide 6: MCB Copper-Gold Project
For personal use only MCB Copper-Gold Project Kalinga, Philippines 6
Slide 7: MCB Copper-Gold Project Key Features
MMCI | MCB Copper-Gold Project Key Features For personal use only • Celsius’ flagship project held by its Philippine subsidiary, Makilala Mining Company, Inc. • Located 320km north of Manila. • Tenement covers c.2,500 hectares. • Mining Permit issued on 14 March 2024 which grants the Company exclusi
Slide 8: MCB Outstanding Assay Results
MCB | Outstanding Assay Results For personal use only Highlights • Intersection of 611.4m @ 1.39% copper and 0.75 g/t gold from 32.5m (1.67% CuEq*). • Multiple internal higher-grade results confirmed: o 150.85m @ 1.90% copper and 1.57 g/t gold from 207./15m (2.55% CuEq*) o 234.45m @ 1.90% copper and
Slide 9: MCB Mineral Resource Estimate
MCB | Mineral Resource Estimate An updated JORC Mineral Resource Estimate was For personal use only announced in December 2022, comprising: Global Mineral Resource of 338Mt @ 0.47% copper and 0.12g/t gold (0.2% Cu cut-off). Total Resource includes approximately 1.6Mt of contained copper and appr
Slide 10: MCB Project Design
MCB | Project Design For personal use only Designed to be developed and operated through a Planned ore sublevel open stoping Process plant production rate is mining method with design is based on at 2.28Mtpa or backfilling and dry a single ~49Mt of material stacking method processing train over a mi
Slide 11: MCB Positive Study Results
MCB | Positive Study Results Key Inputs For personal use only Optimised mine plan focused on the high-grade Cu-Au portion of the MRE, equating to 49mt at 0.85% Cu and 0.41 g/t Au, 100% of which was classified as Indicated Resource Underground sub-level open stoping mining method High marketabi
Slide 12: MCB Indicative Timeline
MCB | Indicative Timeline 2006-2016 EXPLORATION Selecting exploration targets, mapping, For personal use only Geochem, surface sampling, drilling 2021 PRELIMINARY TECHNICAL STUDY Diamond drilling, technical studies, metallurgical sampling 2022 MINE FEASIBILITY STUDY FPIC ECC EPEP/FMRDP LGU Endorseme
Slide 13: MCB Permitting
MCB | Permitting The issuance of the Mineral Production Sharing For personal use only Agreement on 14 March 2024 allows the Company to undertake the necessary work streams for the sustainable development and operations of the MCB Project. As the first copper project to be approved in the last 15
Slide 14: MCB Supportive Local Partner
MCB | Supportive local Partner Celsius signed a Binding Deed and For personal use only Agreement on 17 March 2023 with Sodor, Inc. and the PMR Group for the development of the MCB Project. This partnership undertaking satisfies the requirement of a 60% Filipino ownership for securing a Mineral P
Slide 15: Botilao Copper-Gold Prospect
For personal use only Botilao Copper-Gold Prospect Kalinga, Philippines 15
Slide 16: Botilao Copper-Gold Prospect
MMCI | Botilao Copper-Gold Prospect For personal use only Located in the Cordillera Administrative 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. Exploration permit was is
Slide 17: Botilao Initial Exploration Works
Botilao | Initial Exploration Works The initial two-year exploration program aims to define the extent and For personal use only distribution of the observed mineralisation along Botilao Creek. Exploration activities will consist of regional to semi-detailed geochemical sampling and mapping to g
Slide 18: Botilao Exploration Upside
Botilao | Exploration Upside With the close spatial relationship and the similarity of For personal use only mineralisation style of the MCB and the Dickson ore bodies, it can be deduced that both, including the Maalinao Deposit in between, are part of one porphyry mineralisation zone. Panoramic v
Slide 19: Sagay Copper Project
For personal use only Sagay Copper Project Negros Occidental, Philippines 19
Slide 20: TMCI Sagay Copper Project
TMCI | Sagay Copper Project Sagay Copper Project is held by Tambuli Mining Company, Inc. (TMCI), a Philippine subsidiary of For personal use only Celsius Resources, Ltd. with a tenement area of ~1,780 hectares. Exploration commenced in 2008, including: o geological mapping o gridlines preparatio
Slide 21: Sagay Updated Mineral Resource
Sagay | Updated Mineral Resource The updated JORC-compliant Mineral Resource Estimate (MRE) is defined by 45 diamond drill holes which are broadly spaced and For personal use only have shown copper mineralisation over an extended area from the surface down to 1.2 km in depth. Focus of the update
Slide 22: Sagay Low-cost, near-term project
Sagay | Low-cost, near-term project As a requirement of the Philippine Government, a Mining The process plant will employ a gravity Project Feasibility Study was conducted to evaluate the concentration method to extract the copper For personal use only technical and financial viability of the sh
Slide 23: Sagay Permitting
Sagay | Permitting An application for Declaration of Mining Project Feasibility For personal use only (DMPF) was submitted to the Philippine Government in December 2023, along with the following key documents: o Mining Project Feasibility Study o Final Exploration Report o Environmental Impact Sta
Slide 24: Sagay Proposed Timeline
Sagay | Proposed Timeline For personal use only Development/ Commercial Pre-Development Construction Production 2024-2025 2027 2026 Detailed Permitting and First Copper Engineering Approvals Production and Design 24
Slide 25: Opuwo Cobalt-Copper Project
For personal use only Opuwo Cobalt-Copper Project Namibia, Southern Africa 25
Slide 26: Opuwo Cobalt-Copper Project
Celsius | Opuwo Cobalt-Copper Project • The Opuwo Project held under Celsius For personal use only subsidiary, Opuwo Cobalt Holdings (Pty) Ltd. • Celsius has 95% ownership of the Opuwo Project while the remaining 5% is owned by a local company, Namibian Former Robin Island Political Prisoners Trust,
Slide 27: Namibia: A Premier Mining Destination
Opuwo | Namibia: A Premier Mining Destination For personal use only Politically Excellent and Project Socially Infrastructure stable Strong rule of Law Sealed roads from Opuwo to National development agenda the capital, Windhoek, and Walvis Bay Port 150 km from Project to railway 320MW hyd
Slide 28: Opuwo Key Project Features
Opuwo | Key Project Features The Opuwo deposit is a mineralised body with a minimum strike length of 25 km, out of For personal use only which only 13 km has been drilled. +95% of the Mineral Resource is comprised of fresh sulphide ore with over 80% in an Indicated category based on the JORC res
Slide 29: Opuwo Updated Mineral Resource
Opuwo | Updated Mineral Resource For personal use only JORC Compliant Resource 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 Indicated: 45
Slide 30: Opuwo Works Completed to Date
Opuwo | Works Completed to Date Exploration works For personal use only 9 diamond drill holes with total drill length of Scoping Study 1,089m Process Design Study Autoclave Leaching Test Updated JORC Mineral Resource Estimate 2019- 2017 2022 2020 2023 2018 2021 Resource Resource Drilling Metallurg
Slide 31: Celsius Investment Summary
Celsius | Investment Summary MCB Copper-Gold Project Sagay Copper Project Opuwo Cobalt For personal use only Project Initial CAPEX of US253m and MRE of 312Mt @ payback period of 2.67 years 0.39%Cu and 0.11g/tAu JORC-compliant Mineral Potential for 25-year mine life Clean copper Resource co
Slide 32: Appendices
For personal use only Appendices MCB | Mine Plan MCB | Support Infrastructure MCB Strong Government and Social Acceptability Copper | A globally significant battery metals opportunity 32
Slide 33: 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/ Refer to ASX Announcement dated 3 August 202
Slide 34: MCB Support Infrastructure
MCB | Support Infrastructure For personal use only Concentrate production will be transported Access Road to port will require a new road opening and and stored in a port laydown area using one of a road upgrade to allow transport of oversized cargo the nearest port locations The project’s 12MW powe
Slide 35: MCB Strong Government and Social Acceptability
MCB | Strong Government and Social Acceptability Philippine Government to ramp up the For personal use only mining industry as a key economic driver and source of long-term economic growth. Mines and Geosciences Bureau (MGB) awarded the MCB project priority status to fast-track project approvals
Slide 36: Copper: A globally significant battery metals opportunity
Copper | A globally significant battery metals opportunity Battery metals, including copper and cobalt, For personal use only will play a 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 37: For personal use only
For personal use only Level 5, 191 St. Georges Terrace Perth WA 6000 PO Box 7059 Cloisters Square PO Perth WA 6850 P: +61 2 8072 1400 peter.hume@celsiusresources.com.au paul.dudley@celsiusresources.com.au W: celsiusresources.com 37
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