Maiden Mineral Resource for Celsius’ Sagay Cu-Au Project
by Philippine Resources - November 07, 2022
Photo credit: Celsius Resources
Celsius Resources Limited is pleased to declare a maiden JORC compliant Mineral Resource for the Sagay (SGY) Copper-Gold Project (“Project”), held under its Philippine Subsidiary Company, Tambuli Mining Co., Inc (TMCI) and located at the Island of Negros in the Philippines. The latest results suggest that the SGY Project hosts a large-scale porphyry copper-gold mineralisation.
The Global Mineral Resource estimate comprises 302 million tonnes of 0.41% copper, and 0.11g/t gold, at a lower cutoff grade of 0.2% copper.
The maiden Mineral Resource Estimate (MRE) is located at Nabiga-a Hill, within the broader SGY Project area. At Nabiga-a, the MRE has been defined by a total of 32 diamond drill holes which are very broadly spaced and have shown copper mineralisation over an extensive area from the surface down to 1.2km in depth.
Celsius Resources Executive Director Peter Hume said:
“The copper mineralisation at Sagay is truly large scale, with potential to develop into another significant copper deposit in the Philippines.”
“We have only drilled a modest number of holes into this deposit but the large intersections have already defined 1.2Mt of copper. With open intersection at multiple positions and in multiple directions, we anticipate that further drilling will lead to substantial growth in the known copper mineralisation.”
“We also have some evidence that higher-grade zones could exist within the huge lower-grade copper envelop. We look forward to the next phase of exploration which will also focus on investigating the possible extensions of these higher-grade positions closer to the surface.”
Celsius Resources is still in the process of finding a suitable partner to develop the Sagay Project.
Article courtesy of Celsius Resources
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Philippine Resources - May 24, 2022
Celsius Resources confirms multiple high-grade copper positions at MCB-037
Photo credit: Celsius Resources Celsius Resources is pleased to announce its Philippine subsidiary Makilala Mining Company, Inc. has received further positive assay results from the ongoing drilling program at its flagship MCB copper-gold project. The results have confirmed and expanded a number of high-grade intercepts which are an important part of the early mine plan at MCB as defined in the recently completed scoping study. The high-grade positions are interpreted to exist over near to horizontal trends which extend away from multiple mineralised faults and breccia bodies which are the main conduits for the fluids that are coming up from a genetically related Tonalite intrusion. The confirmed presence of multiple high-grade zones now appears to extend further than previously defined, and is a positive and important outcome from what has now been discovered in both drill holes MCB-036 and MCB-037. The Company will now modify the next set of drill holes to focus around the additional shallow high-grade copper-gold mineralisation as it will have a positive impact on potential future production options in the mine schedule. To read more, click here.
Philippine Resources - June 24, 2022
Celsius confirms copper near surface at Sagay Project
Photo credit: Celsius Resources Celsius Resources is pleased to announce it has received results from 3 drill holes confirming shallow extensions to the large-scale copper mineralisation previously discovered at its Sagay Project held under its Philippine subsidiary Tambuli Mining Company, Inc. “The copper mineralisation covers a huge area at Sagay at depth, and we are now proving this up at shallower levels. This round of drilling has confirmed that the mineralisation now extends up close to the surface, extending up from the earlier discoveries which has intersected copper mineralisation from around 100 meters to over 1,000 metres depth.” Celsius Executive Chairman, Martin Buckingham. The results identified extensive geological alteration and other features which are interpreted to be linked to the porphyry copper mineralisation at Sagay. Broad zones of low grade copper mineralisation were also intersected in all three drill holes, including 44.3m @ 0.27% copper from 139.2m in SGY-036, 112.2m @ 0.16% copper from 197m in hole SGY-038A and 247m @ 0.14% copper from 113m (to the end of the drill hole). “The discovery of key geological features and copper mineralisation near the surface is an important stepping stone, with further follow-up now required to define the higher grade core to this system also at shallow levels. This is extremely encouraging as it also allows us to consider lower cost bulk mining methods as part of our next phase of studies at the Nabagia-a Hill Project area.” Article courtesy of Celsius Resources. Full press release can be found HERE
Philippine Resources - February 24, 2022
PHILIPPINE GOVERNMENT GIVES CELSIUS RESOURCES’ MCB PROJECT PRIORITY STATUS
Figure 1: Location of the MCB Project in the Province of Kalinga, Northern Luzon, Philippines. Celsius Resources Limited (“Celsius” or “the Company”) is pleased to announce that its Philippine subsidiary, Makilala Mining Company, Inc. (“MMCI”) has received priority project status for the Maalinao-Caigutan-Biyog (MCB) Copper-Gold Project (“MCB” or “the Project”) from the the Mines and Geosciences Bureau (MGB) Director Atty. Wilfredo G. Moncano in a meeting on 18 February 2022. MMCI’s management and technical staff presented the outcomes of the scoping study completed in December 2021i as part of the declaration of mine feasibility permitting process. The MGB Officials were pleased with the progress of the project and appreciative of the social and environmental factors integrated into the mine design. The use of paste backfill underground, along with dry stacking of the mine tailings replacing the need for a tailings dam, greatly mitigated the downstream agricultural communities’ concerns as they had witnessed adverse environmental impacts back when the adjacent Batong Buhay Mine was in operations. The MGB officials also commended MMCI Team for their determination to move the project forward despite the most challenging conditions brought about by the COVID-19 pandemic and expressed their support to see the project through to operations. At the conclusion of the presentation Dir. Moncano announced:, “This project has significant potential, we will endorse it as a priority project to fast-track government approvals.” Several activities are currently underway to support the application for the Declaration of Mine Project Feasibility and Mineral Production Sharing Agreement (MPSA) as the project proceeds through the various approval phases. MCB COPPER-GOLD PROJECT The MCB Copper-Gold Project (MCB) is located in the Cordillera Administrative Region in the Philippines, approximately 320 kilometers north of Manila (Figure 1). It is the flagship project within the Makilala portfolio which also contains other key prospects in the pipeline for permit renewal/extension. A maiden JORC compliant Mineral Resource Estimate was declared for the MCB Project in January 2021, comprising 314 million tonnes @ 0.48% copper and 0.15 g/t gold, for 1.5 million tonnes of contained copper and 1.47 million ounces of gold, of which 290.3 million tonnes @ 0.48% copper and 0.15 g/t gold is classified as Indicated and 23.5 million tonnes @ 0.48% copper and 0.10 g/t gold is classified as Inferred. A Scoping Study for the MCB Project was announced by CLA on 1 December 2021, which identified a post tax NPV8 of US$464M, IRR 33% and Capex of US$253M with a 25 year mine life. The scoping study was based on an underground sub level stoping operation of the high grade core of 49 million tonnes @0.85% copper and 0.41 g/t gold and processing facility to produce a saleable copper-gold concentrate. Article courtesy of Celsius Resources
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Philippine Resources - March 23, 2023
20 Years of Integral: Celebrating Growth and Transformation
Integral, a purveyor of market-leading process control solutions in the Philippines, celebrates its 20th anniversary this 2023. The event, held in EDSA Shangri-La, was attended by the company’s employees, clients, and supply chain partners. The celebration was a showcase of Integral’s history. But more importantly, it highlighted lessons the company learned as keys to success over the past two decades. As told from the perspective of the founders and employees, the event delivered a playful yet heart-warming glimpse into Integral's journey.
Philippine Resources - March 23, 2023
PH, Australia partner for technical cooperation for PPP
Photo: Australian Ambassador to the Philippines Hae Kyong Yu PSM. Credit: AusAmbPH Twitter Page As the Marcos administration becomes bullish in utilizing a public-private partnership (PPP) model in infrastructure projects, the Australian government will be providing its technical expertise in rolling out infrastructure projects under the PPP. Australian Ambassador to the Philippines Hae Kyong Yu PSM told the Philippine News Agency in an interview at her residence Wednesday that the embassy will be launching the Partnerships for Infrastructure (P4I) on March 24. “Infrastructure is a big area that the Philippines is focusing on, and I know President (Ferdinand R.) Marcos (Jr.) has announced that he wants to utilize PPP more where it’s possible. So we are working closely with the Philippine government to share with them how Australia has done it,” Yu said. P4I is an Australian government initiative that brings together experts from the public and private sectors as well as the academe to help Philippine government agencies involved in infrastructure development in the preparation stage of projects that would be under a PPP model. “We can help them with all the project preparation stage. How you do actual cost-benefit analysis of potential projects, and then how you prepare documents for possible procurement, tender processes, and things like that,” the envoy cited. She said that aside from the PPP Center, the P4I also aims to closely work with other agencies including the Department of Transportation, the Department of Energy, the Department of Finance, and the National Economic and Development Authority (NEDA), among others. Yu added that the Australian government will be closely working with the administration through the P4I in meeting its diverse infrastructure requirements, including roads, transport, energy, and public investment management. The Australian envoy said a number of Australian companies have been involved in infrastructure projects in the country. Early this month, NEDA Secretary Arsenio Balisacan announced that the NEDA Board approved PHP9 trillion worth of flagship infrastructure projects, with 45 of these projects possibly being funded through PPPs. “The government shall harness the financial and technical resources of the private sector, which allows the public sector to allocate its funds for greater investment in human capital development, especially to address the scarring in health and education due to the pandemic, and provided targeted assistance that protects vulnerable sectors from economic shocks,” Balisacan had said. By Kris Crismundo Article courtesy of the Philippine News Agency
Philippine Resources - March 21, 2023
PBBM boosts transport sector thru big-ticket projects
Photo credit: Department of Transportation Several big-ticket infrastructure projects in the transportation sector have been approved or are already being implemented by the administration of President Ferdinand R. Marcos Jr., the Department of Transportation (DOTr) reported Monday. In a statement, the DOTr said the Cebu Bus Rapid Transit Project, Davao Public Transport Modernization Project, EDSA Greenways, the Light Rail Transit Line 2 (LRT-2) West Extension, and the Light Rail Transit Line 1 (LRT-1) Cavite Extension are all ongoing as of March 9 according to the National Economic and Development Authority (NEDA). These projects are among the 67 infrastructure flagship projects (IFP) that have been greenlit or are already underway out of the 194 high-impact projects under Marcos’ "Build Better More" program. In the rail sector, these approved and ongoing projects include the Metro Manila Subway Phase 1, Mindanao Rail Phase 1, Metro Rail Transit Line 3 (MRT-3) rehabilitation, Metro Rail Transit Line 4 (MRT-4), Metro Rail Transit Line 7 (MRT-7), New Cebu International Container Port, New Manila International Airport (Bulacan International Airport), North-South Commuter Railway (NSCR), Philippine National Railways (PNR) South Long Haul, and the Subic Clark Railway. The New Dumaguete Airport Development Project (Bacong International Airport) and the Integrated Flood Resilience and Adaptation (InFRA) Phase 1 have also both been approved by NEDA, with six projects awaiting approval. Last week, the NEDA Board, led by Marcos, approved 194 high-impact priority projects with a total cost of around PHP9 trillion. The board also approved amendments to the 2013 Joint Venture guidelines to support the government’s push for more investments in the country’s infrastructure. PNR suspension Meanwhile, Senate President Pro Tempore Loren Legarda has expressed alarm over an impending suspension of select PNR routes due to the NSCR, saying it will affect thousands of commuters, mostly students and workers. “The welfare of the riding public should always be prioritized yet it remains to be seen whether such proposed solutions would effectively and sufficiently address the riding public's urgent demands in time for the imminent suspension of the operations of the PNR,“ Legarda said in her explanatory note on Senate Resolution No. 546. The PNR plans to suspend operations of certain routes for up to five years to facilitate the faster construction of the 55-kilometer NSCR. The construction will start in May and PNR may suspend the routes between Governor Pascual in Malabon City and Calamba City in Laguna, and well as Alabang, Muntinlupa City to Calamba. The Tutuban, Manila-Alabang route will be suspended in October and will affect between 20,000 and 25-000 passengers daily. Legarda urged the Committee on Public Order, chaired by Senator Grace Poe, to look into the impending suspension and come up with alternative solutions. Article courtesy of the Philippine News Agency
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