Celsius Resources Names George Bujtor as Director with Zero Initial Securities Holdings

George Bujtor Officially Joins Celsius Resources Board on 14 July 2026

Celsius Resources Limited has formally disclosed George Bujtor’s appointment to its board, effective 14 July 2026, through the lodgement of an Appendix 3X – Initial Director's Interest Notice. This regulatory filing complies with ASX Listing Rule 3.19A.1 and section 205G of the Corporations Act 2001, which require newly appointed directors of ASX-listed companies to disclose their securities interests at the time of appointment. This transparency ensures the market is informed of any financial interests held by board members.

The notice was submitted by Celsius Resources on behalf of Bujtor, consistent with regulatory filing procedures. This filing marks the official start of Bujtor’s tenure on the board, and market participants will watch for any subsequent disclosures regarding changes in his securities holdings. The company did not provide additional information about Bujtor’s professional background, specific board responsibilities, or the strategic reasons behind his appointment in this announcement.

Initial Securities Disclosure Indicates No Holdings for George Bujtor

The Initial Director's Interest Notice shows that George Bujtor holds no securities in Celsius Resources as of 14 July 2026. Part 1 of the Appendix 3X, which records securities where the director is the registered holder, reports zero holdings. This means Bujtor does not directly own any shares, options, convertible notes, or other securities in Celsius Resources at appointment. While some investors track director shareholdings as a measure of insider confidence, it is common for new directors to start without existing holdings.

Part 2, covering securities where the director has a relevant interest but is not the registered holder, also reports nil holdings. Part 3, relating to contractual interests, similarly records no relevant contracts. Together, these disclosures confirm that at the commencement of his directorship, Bujtor has no financial exposure to Celsius Resources through any securities or contracts as defined by ASX rules and legislation.

Significance of Appendix 3X Filing for Celsius Resources Investors

The Appendix 3X – Initial Director's Interest Notice is a mandatory disclosure under ASX Listing Rule 3.19A.1 and the Corporations Act 2001. It establishes a baseline of a director’s securities interests at appointment, enabling transparent tracking of any future changes through Appendix 3Y – Change of Director's Interest Notice filings. This ongoing disclosure framework supports market integrity by providing timely information about directors’ financial interests.

For Celsius Resources shareholders, this filing sets the initial reference point for George Bujtor’s disclosed interests. Any subsequent acquisition or disposal of Celsius Resources securities by Bujtor must be separately reported, ensuring transparency. The company has not disclosed whether Bujtor will receive securities as part of director remuneration or incentive arrangements.

About Celsius Resources and Its Mineral Development Focus

Celsius Resources Limited, listed on the ASX under ticker CLA, is an Australian resources company concentrating on mineral exploration and development. Its flagship asset is the Maalinao-Caigutan-Biyog (MCB) copper-gold project located in the Cordillera Administrative Region of the Philippines. The MCB Project is recognized as a significant copper-gold resource, with Celsius Resources actively engaged in regulatory processes and technical studies to advance its development. Copper and gold are strategically important commodities, particularly amid global energy transition trends increasing copper demand for electrification infrastructure.

The company operates in a sector characterized by long development timelines, substantial capital needs, commodity price volatility, and regulatory risks. As a development-stage entity, Celsius Resources faces typical challenges including permitting, financing, and cross-jurisdictional operations. The appointment of George Bujtor may reflect efforts to strengthen the board as the MCB Project progresses, although the company has not explicitly linked his appointment to these strategic objectives.

Governance Implications of Director Appointments in ASX-Listed Resources Firms

Board composition is a critical governance factor for investors in ASX-listed resource companies, where technical expertise, regulatory insight, and strategic connections can impact project success. New director appointments often signal company intentions such as enhancing technical capabilities, financial expertise, market engagement, or positioning for corporate transactions. However, this update does not provide information on Bujtor’s professional experience or the strategic rationale for his appointment.

For Celsius Resources, board changes are significant given the company’s development stage and regulatory environment in the Philippines. The absence of securities holdings at appointment does not imply lack of commitment, as directors often acquire shares over time or receive them through remuneration schemes disclosed separately. Investors seeking further details on Bujtor’s background or strategic role should watch for future company announcements.

Ongoing Disclosure Obligations Post-Appointment

Following this Initial Director's Interest Notice, Celsius Resources and George Bujtor must comply with ongoing disclosure requirements for any changes in his securities interests. Under ASX Listing Rule 3.19A.2, directors must notify the company of any changes, which in turn must lodge Appendix 3Y notices with the ASX. This regime ensures continuous market access to updated information on director holdings and insider activity, with the ASX monitoring compliance closely.

All director interest notices, including Bujtor’s Appendix 3X, become public upon lodgement, granting equal access to institutional and retail investors. Shareholders should monitor future Appendix 3Y filings to track any acquisition of Celsius Resources securities by Bujtor and observe the price levels of such transactions. The immediate impact of Bujtor’s appointment on Celsius Resources’ share price was not evident from available data.

Risks Specific to Celsius Resources as a Philippines-Based Mineral Developer

Celsius Resources confronts specific risks related to its focus on the Philippines, including sovereign risk factors such as changes in mining laws, permitting, taxation, and political conditions that could affect the MCB Project’s viability and timeline. Regulatory approvals involve multiple agencies and may experience delays or policy shifts. These risks are typical for international mineral projects but remain material considerations for investors evaluating the company’s outlook.

As a non-revenue generating development-stage company, Celsius Resources depends on capital markets to fund project studies, community engagement, and regulatory compliance. Its ability to advance the MCB Project relies partly on favorable equity market conditions and investor interest in resource development stocks. The appointment of a new director with relevant expertise could assist in capital raising or strategic partnerships, though no specific details about Bujtor’s expertise or intended contributions were disclosed.

Key Developments to Watch Following George Bujtor’s Appointment

Investors and analysts should monitor several developments related to Celsius Resources following this update. First, any future company announcements providing details on George Bujtor’s professional background, board role, or strategic purpose will offer valuable context. Resources companies often supplement Appendix 3X filings with detailed disclosures explaining new director appointments.

Second, subsequent Appendix 3Y notices reporting changes in Bujtor’s securities interests will reveal his evolving financial commitment to the company. Third, ongoing updates on the MCB Project’s permitting, feasibility, and financing milestones remain critical value drivers. Investors are encouraged to review Celsius Resources’ latest presentations and project updates for the most current information on development progress.