2025/11/11 – 09:30:00 – 1086637409619149328
Metallurgical testing shows high copper recoveries at the MCB project
Celsius Resources Limited
Registration No. F/ACN 009 162 949
Registered as an external company in Namibia
ISIN Code: AU000000CLA6
NSX Share Code: CER
METALLURGICAL TESTING SHOWS HIGH COPPER RECOVERIES AT THE MCB PROJECT
HIGHLIGHTS
• Metallurgical test work completed by Brisbane Met Labs on the various ore types for the
first five (5) years of mine life demonstrated that results are consistent and readily
achievable in terms of grade, recovery and impurity levels, and are consistent with those
achieved from the previous test work program.
• The calculated combined weighted average recoveries over the first ten
(10) years of mine life indicate that average copper recoveries of 95% and gold recoveries
of 77% are achievable at MCB.
• These copper and gold recoveries are based on a conventional flotation circuit to
produce a saleable copper-gold concentrate.
• The combined weighted average copper-gold concentrate grade over the first ten (10)
years of mine life is estimated to be a high-quality concentrate averaging 25.5% Cu, 5.5 g/t
Au, with very low impurities.
This announcement has been authorised by the Board of Directors of Celsius Resources Limited.
This announcement can be viewed at the following link:
https://celsiusresources.com/announcements/7254797
Kellie Davis
Company Secretary
11 November 2025
Registered Office
Celsius Resources Limited
Registration no. F/ACN 009 162 949
8 Sinclair Street
Windhoek
Namibia
Sponsor
IJG Securities (Pty) Ltd
Member of the NSX
4th Floor, 1@Steps, C/O Grove and Chasie Street
Kleine Kuppe, Windhoek
Registration No. 95/505
Date: 11-11-2025 09:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’).
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
—
Namibia Securities Exchange – NAM News