Celsius Resources’ $2B copper-gold project is just heating up − and metal prices keep rising

Welcome to the latest HotCopper Watchlist interview, where we’ve spoken to Celsius Resources (ASX:CLA) executive director Neil Grimes about the definitive feasibility it just released for its flagship “MCB” Copper-Gold Project, which confirmed a long-life mine and some very impressive economic numbers.

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“The DFS for our MCB project has confirmed its technically robust and that it’s financially extremely viable,” Mr Grimes told The Market Link.

“Post-tax NPV is sitting at US$771 million, which is about $1.15 billion Aussie… and if you use today’s spot prices, that jumps up to about A$1.8B. Our upfront construction capex is about $276 million, and in addition to that, there’s capital to build the vertical haulage and conveyancing systems, paid from revenues.”

You can watch the full CLA interview in the browser above.

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