Celsius Resources (ASX:CLA) is in discussions with a leading financial advisory firm to assist in finalising financing for its Maalinao-Caigutan-Biyog Copper-Gold Project in the Philippines, held through its affiliate Makilala Mining.
The company said it has received strong interest from several international mining groups with expertise in copper and gold project finance, metal streaming, and concentrate offtake.
In addition to structured debt proposals, expressions of interest for equity participation in the Project have also been received.
The board believes that additional financial advice will support a well-informed decision on the project's funding and its potential for shareholder value.
The search for a new chair of the board is also ongoing.
Celsius had originally planned to release the final feasibility study for the MCB Project in December.