Further shallow copper mineralisation identified at MCB
Celsius Resources Limited
Registration No. F/ACN 009 162 949
Registered as an external company in Namibia
ISIN Code: AU000000CLA6
NSX Share Code: CER
FURTHER SHALLOW COPPER MINERALISATION IDENTIFIED AT MCB
HIGHLIGHTS
Celsius Resources Limited (“Celsius” or “the Company”) is pleased to announce it has received further
shallow and high-grade copper assay results from the ongoing drilling program at its flagship MCB
copper- gold project, held under its Philippine subsidiary Makilala Mining Company, Inc. (“MMCI”).
• Intersection of 93m @ 0.59% copper and 0.05g/t gold from 18m including,
47m @ 0.79% copper and 0.07g/t gold from 18m
• Additional intersection of 7.4m @ 0.65% copper and 0.41g/t gold from 349.1m
The results continue to identify new positions of shallow mineralisation which are in line with other
recent drilling results from holes MCB-036, MCB-037 and MCB-038 (see CLA announcements dated 13
December 2021, 23 May 2022 and 4 July 2022 respectively) confirming the presence of an extensive
shallow higher- grade position.
The results from MCB-039 were designed to further expand the size of the shallow higher-grade
copper zones which are considered to have an important positive impact on early mining options at
MCB. The current drill hole in progress (MCB-040) is similarly designed to further expand the higher-
grade copper mineralisation leading to potential improvements to the economics of the already positive
Scoping Study at MCB as reported by Celsius on 1 December 2021.
“The results from MCB are continuing to grow the size of the shallow higher grade copper zones.” said
Country Operations Director, Peter Hume.
“We are getting much better definition now on the various high-grade zones, which are important for
the optimisation of the MCB mine plan. We can see many good high-grade intersections coming
together to expand on the earlier understanding of these high-grade zones. Where we get multiple
high-grade zones staked on top of each other, we can achieve outstanding results, as recently
announced from hole MCB-038 which intersected 611.4m @ 1.39% copper and 0.75g/t gold from
32.5m.”
The full announcement can be found at the following link:
https://clients3.weblink.com.au/clients/celsiusresources/headline.aspx?headlineid=61103042
Melanie Ross
Company Secretary
3 August 2022
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: 03-08-2022 10:30:00
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