Celsius Resources (ASX:CLA) said its Philippine affiliate, Makilala Mining, signed a contract of services with Ausenco worth $1.9 million for the Maalinao-Caigutan-Biyog copper-gold project, according to a Monday Australian bourse filing.
The contract aims to update the feasibility study and conduct the front-end engineering design, including tendering of work packages and long-lead equipment procurement. The combined front-end engineering design and feasibility study update is expected to be completed within six months.
The update aims to develop a 2.4 million-tonnes-per-year process plant design and associated infrastructure.
It also signed a bridge loan agreement with Maharlika Investment, which provides up to $10 million in funding to Makilala Mining for the project under the first OLSA loan agreement.
The firm plans to engage a range of complementary engineering service providers during this time, including on-site drilling contractors.
Its shares jumped 8% in recent trading on Monday.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。