Skip to content
Business Company News, Oil Mining Resources

WH Ireland research note says Celsius Resources well positioned for copper boom

Celsius Resources < 1 mins read

PERTH, AUSTRALIA. Celsius Resources Limited (ASX/AIM: CLA) is well-positioned to capitalise on the burgeoning copper market, financial services company WH Ireland has revealed in a research note.

Subject to approvals and funding, WH Ireland believes the Company’s portfolio of advanced projects in the Philippines, near-term production potential, and favourable long-term outlook, presents a compelling proposition.

“We believe Celsius is well-positioned to benefit from the next copper boom,” WH Ireland said. 

“We see fair value in Celsius at AU$8.8/share (4.6p/share).”

Celsius Resources forecasts that the Company’s MCB Copper-Gold Project could be in production by the end of Q1 2026 – transforming it from project developer to producer.

Studies indicate that the current MCB resource could support mining operations over at least 25 years.

“This research note highlights what we already know,” Celsius Resources Managing Director Peter Hume said.

“With advanced projects like MCB and Sagay, Celsius is poised to become a copper producer in the near future and we are confident in our ability to leverage the strong copper market outlook and generate value for our shareholders.”


Contact details:

Jon Cuthbert

Multiplier Media



More from this category

  • Oil Mining Resources
  • 23/07/2024
  • 11:08
Solis Minerals

Extensive Drone Mag Survey planned at Guaneros Project, Peru

Solis Minerals Limited (ASX: SLM) (“Solis” or the “Company”) is pleased to announce anupdate on exploration activities at the Guaneros Project in Peru. Solishas contracted a geophysical contractor to carry out a maiden drone airborne magnetometry survey to assist in fast-tracking target generation, identify zones for further geophysical follow-up, and formulate the drill permitting application. Airbornemagnetometry is useful in detectingthe presence of magnetite in the subsurface that can be a vector for porphyry alteration.Executive Director, Matthew Boyes, commented: “We are starting to gain some realmomentum now in the exploration programmes on our quality copper portfolio in Peru.Airborne mag surveys are…

  • Contains:
  • Business Company News, Oil Mining Resources
  • 23/07/2024
  • 10:23
Jane Morgan Management

Zenith (ASX:ZNC) Minerals Limited Appoints Andrew Smith as New Managing Director

Perth, Australia – 23 July 2024 | Zenith Minerals Limited (ASX: ZNC) (“Zenith” or “the Company”) is pleased to announce the appointment of highly…

  • Contains:
  • Business Company News, Oil Mining Resources
  • 23/07/2024
  • 09:57
Jane Morgan Management

Summit Minerals Ltd (ASX:SUM) LiDAR Survey to Commence at Equador Niobium Project in Brazil

Perth, Australia – 23 July 2024 | Summit Minerals Limited (ASX: SUM) (“Summit” or the “Company”) is pleased to announce the commencement of an…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.