Celsius Resources Begins Engineering Phase for MCB Project, Sets Eyes on Long-Term Value Creation

June 27, 2025 01:27 PM AEST | By Team Kalkine Media

Celsius Resources Begins Engineering Phase for MCB Project, Sets Eyes on Long-Term Value Creation — Image source: Shutterstock

Financial Stability and Project Support

The MCB Project continues to be financially supported through the existing loan facility, helping Celsius Resources manage working capital through the remainder of 2025. This strategic allocation of funds ensures progress on the MCB Project while also maintaining oversight of ongoing, though scaled-down, exploration activities at the Sagay and Botilao projects.

Celsius is demonstrating capital efficiency by focusing spending where it yields maximum strategic benefit. The company also maintains its corporate cost obligations while balancing progress on multiple exploration fronts.

Share Return Period Extended

In another key development, the share return period for SODOR, a Celsius-linked entity, has been extended by nine months until 16 February 2026. This was formalised through an Undertaking and Indemnity Agreement, keeping previously announced conditions unchanged. This extension adds flexibility to the group's financial timeline, allowing further focus on project execution without immediate share structure pressures.

Equity Financing Outlook

Looking ahead, Celsius Resources is actively engaging with equity funding partners to support the MCB Project’s mining operations. The company is aiming for a well-structured funding model that upholds capital discipline while reinforcing long-term financial stability. This dual strategy — balancing current project development with future financial clarity — indicates a proactive approach to resource management.

Celsius’s commitment to advancing its projects, while maintaining fiscal prudence, highlights a strong operational focus. Although Celsius Resources is not currently part of the ASX 200, its consistent project progress and evolving funding strategies position it as a noteworthy player in the Australian resource sector.

As the FEED process accelerates toward completion and funding discussions advance, Celsius appears well-placed to transition its copper-gold asset into the development phase, potentially unlocking substantial long-term value for stakeholders.

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