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.
A minor timing adjustment has been made to confirm two isolated test results that differed from otherwise positive outcomes.
The company emphasised that this confirmatory work is part of its standard quality-control process and does not indicate any underlying issues with the project.
All other elements of the feasibility study, including mine planning, process design, cost estimates, financial modelling, and expert reports, have been completed, with only minor adjustments expected from the additional test work.
The final study is now expected to be released in January 2026.