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Mining industry

Celsius Resources Engages Consultants to Advance Maalinao-Caigutan-Biyog Copper-Gold Project Development

Strategic Insights

— 1 min read

Celsius Resources Limited, through its Philippine affiliate Makilala Mining Company, has taken a significant step forward in the development of its Maalinao-Caigutan-Biyog Copper-Gold Project (MCB Project) by engaging the services of DMT Consulting Limited and Resource Development Consultants Ltd (RDCL). The two firms, chosen after a thorough evaluation of their technical and commercial capabilities, will provide critical support in the form of mining and geotechnical services to ensure the project's smooth progression. The contracts, valued at USD575,000 and USD65,000 respectively, are seen as pivotal in the project's advancement.

Key Takeaways:

  • The contracts for the Maalinao-Caigutan-Biyog Copper-Gold Project were awarded to DMT Consulting Limited and Resource Development Consultants Ltd (RDCL) following a comprehensive bidding process.
  • The consultants were chosen for their global expertise and familiarity with the local mining landscape in the Philippines, meeting international standards and the project's timeline requirements.
  • DMT Consulting Limited will focus on updating and optimizing the mine plan, conducting a detailed hydrogeological study, while RDCL will provide geotechnical interpretation analysis critical for the planned surface mine infrastructure.
  • Ausenco, a firm already engaged for the Front-End Engineering Design and updating of the MCB Project's Feasibility Study work programs, will collaborate with the new consultants to ensure the project's progression.
  • Celsius Resources Non-Executive Director Peter Hume expressed confidence in the selected firms, highlighting their capabilities and the alignment with international standards and timeline requirements.
  • The studies conducted by the consultants are crucial for the project's progression, as stated by the Johannesburg Stock Exchange (JSE).

Statistics:

  • The two contracts awarded to DMT Consulting Limited and Resource Development Consultants Ltd value at USD575,000 and USD65,000 respectively.
  • Total contract value: USD640,000.
  • The contracts were awarded after a comprehensive bidding process.
  • DMT Consulting Limited will conduct a detailed hydrogeological study.
  • Resource Development Consultants Ltd (RDCL) will provide geotechnical interpretation analysis for the planned surface mine infrastructure.

Sources:

  • Johannesburg Stock Exchange (JSE) - no date mentioned
  • Celsius Resources Limited - no date mentioned

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