RE: MRE12 Feb 2026 09:17
Celsius has reported, in accordance with the JORC Code (2012), a JORC-compliant Mineral Resource totaling 343 Mt at 0.46% Cu and 0.12 g/t Au, containing approximately 1.6 Mt of copper and 1.4 Moz of gold, and a Maiden Ore Reserve of 130.2 Mt at 0.66% Cu and 0.21 g/t Au, containing approximately 856 kt of copper and 891 koz of gold. The Ore Reserve comprises 22.1 Mt of Proven Reserves and 108.2 Mt of Probable Reserves and underpins the long-term development plan for the Project[1].
At current spot price of US$6.00/lb Cu and US$4500/oz Au, the Pre-tax NPV(8%) increases to US$1.9 billion (~AU$2.9 billion) - IRR 42% Post-tax NPV(8%) US$1.2 billion (≈ A$1.8 billion) - IRR 34%.
The Company is progressing funding and offtake discussions to advance the Project toward a Final Investment Decision and construction