Celsius Resources well-positioned for copper boom with advanced projects

By: Philippine Resources February 05, 2024

Celsius Resources Limited is well-positioned to capitalise on the burgeoning copper market, financial services company WH Ireland has revealed in a research note.

Subject to approvals and funding, WH Ireland believes the Company’s portfolio of advanced projects in the Philippines, near-term production potential, and favourable long-term outlook, presents a compelling proposition.

“We believe Celsius is well-positioned to benefit from the next copper boom,” WH Ireland said.

“We see fair value in Celsius at AU$8.8/share (4.6p/share).”

Celsius Resources forecasts that the Company’s MCB Copper-Gold Project could be in production by the end of Q1 2026 – transforming it from project developer to producer.

Studies indicate that the current MCB resource could support mining operations over at least 25 years.

“This research note highlights what we already know,” Celsius Resources Managing Director Peter Hume said.

“With advanced projects like MCB and Sagay, Celsius is poised to become a copper producer in the near future and we are confident in our ability to leverage the strong copper market outlook and generate value for our shareholders.”

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