Ann: Celsius to Progress Sagay Porphyry Copper Project, page-3

CELSIUS TO PROGRESS SAGAY PORPHYRY COPPER PROJECT HIGHLIGHTS

 The Sagay Copper-Gold Project is in the centre of the Philippines archipelago, with similar geology to many large scale porphyry copper-gold and epithermal gold deposits in the Philippines.
 Previous exploration and drilling was conducted between December 2012 and 2016 by FreeportMcMoRan - one of the world’s largest copper/gold producers.
 Approximately A$10.8 million was previously spent on exploration, covering 25,076.2m of drilling across 31 diamond drill holes.
 Results from historical drilling at the Sagay Project, conducted by Freeport-McMoRan, include:
o 77.22m @ 0.69% copper & 0.19 g/t gold, within 521.37m @ 0.47% copper & 0.13g/t gold,
o 113.96m @ 0.68% copper & 0.20 g/t gold, within 461.38m @ 0.49% copper & 0.14 g/t gold,
o 23.93m @ 1.03% copper & 0.51 g/t gold, within 207.48m @ 0.44% copper & 0.12g/t gold,
o 26.74m @ 0.89% copper & 0.02 g/t gold, within 80.28m @ 0.64% copper & 0.03g/t gold,
o 25.79m @ 0.98% copper & 0.01g/t gold, within 56.86m @ 0.58% copper & 0.02g/t gold,
o 390.09m @ 0.46% copper & 0.11 g/t gold

 Further exploration is planned to commence in Q3 of 2021 with the main objective of testing the broader extents of what appears to be a very large-scale porphyry copper mineralisation at depth, as defined by the numerous thick drill hole intersections.
 Recent lifting of moratorium on new mines in the Philippines paves the way for Celsius to accelerate exploration and development of its Philippine-based project portfolio, including both the MCB Project and Sagay.

Celsius Resources Limited (“Celsius” or the Company” (ASX: CLA) is pleased to announce its Philippine subsidiary, Tambuli Mining Company Inc. (“TMCI” has completed its technical due-diligence and evaluation of its Sagay project, resulting in the CLA Board deciding to pursue further exploration of its second copper-gold asset in the Philippines, with the expectation of developing the project into a viable asset, bringing additional value to shareholders and the Company.

Celsius Resources’ Non-Executive Director and Chairman of the Board, Martin Buckingham said: “Sagay represents a complementary project to the Company’s flagship Maalinao-Caigutan-Biyog (“MCB” development. While we still need to obtain an exploration permit extension in order to be able to conduct further drilling prior to defining a JORC compliant Mineral Resource, we strongly anticipate the project will add significant value to shareholders and the Company. We anticipate drilling to commence in the third quarter of 2021 with the main objective of testing the broader extents of what appears to be very large-scale porphyry copper mineralisation.”

Pretty decent historicals, onwards and upwards. Gathering a decent list of tenements imo...