# Copper Mining News in Philippines

Canonical page: https://atlas-staging.minestarters.com/news?commodities=copper&regions=philippines

Atlas summarizes and classifies mining-industry stories from third-party publishers. Follow each source link for the original reporting.

Results: 7
Returned: 7
Coverage: drill results, resource updates, and metallurgy; primary commodity matching; all time unless dates are supplied.
Region: Philippines (philippines)
Commodity: Copper (copper)
Applied filters: {"regions":["philippines"],"commodities":["copper"],"commodity_scope":"primary","document_types":["drill_results","resource_update","metallurgy"],"document_type_match":"any"}
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## CPM: Chalterra Copper Acquisition Presentation

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/cpm-chalterra-copper-acquisition-presentation--a3d476af-0603-4c08-a06e-126b71a917e3) · [Markdown](https://atlas-staging.minestarters.com/news/cpm-chalterra-copper-acquisition-presentation--a3d476af-0603-4c08-a06e-126b71a917e3.md)
- Original announcement: 2026-10-11T22:40:00.000Z
- Atlas analysis published: 2026-10-11T23:15:05.094Z
- Atlas analysis updated: 2026-10-11T23:15:05.094Z
- Company: Cooper Metals Limited (CPM)
- Original source: [asx](https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03151077)
- Atlas sentiment: 0.358
- Atlas tags: Historical Estimate Only, Inferred Resource

Cooper Metals Limited (ASX: CPM) has signed a binding agreement to acquire an 85% interest in Chalterra Pty Ltd, providing exposure to the Colet Copper Porphyry Project in the Philippines. The transaction will be funded by a $4.85 million capital raise and includes staged cash payments and a 1.5% NSR royalty. The project features a historical resource of 339 Mt at 0.35% Cu.

## CPM: Acquisition of Porphyry Copper Project

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/cpm-acquisition-of-porphyry-copper-project--8b1b539b-e0bb-4634-9193-da96cefbfbf7) · [Markdown](https://atlas-staging.minestarters.com/news/cpm-acquisition-of-porphyry-copper-project--8b1b539b-e0bb-4634-9193-da96cefbfbf7.md)
- Original announcement: 2026-10-11T22:26:00.000Z
- Atlas analysis published: 2026-10-11T23:20:05.582Z
- Atlas analysis updated: 2026-10-11T23:20:05.582Z
- Company: Cooper Metals Ltd (CPM)
- Original source: [asx](https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03151034)
- Atlas sentiment: 0.595
- Atlas tags: None

Cooper Metals Ltd is acquiring an 85% interest in the Colet Copper Project in the Philippines, which hosts a historical JORC 2004 compliant resource of 339.0 Mt at 0.35% Cu for 1.19 Mt of contained copper. The acquisition will be funded by a $2.15 million placement and a $2.7 million fully underwritten entitlement issue. The company plans to validate the historical data and aims to report a JORC 2012 compliant Mineral Resource.

## CLA: Annual Report to shareholders

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/cla-annual-report-to-shareholders--a752e4c7-ecec-443b-9ff8-a38f150ea967) · [Markdown](https://atlas-staging.minestarters.com/news/cla-annual-report-to-shareholders--a752e4c7-ecec-443b-9ff8-a38f150ea967.md)
- Original announcement: 2026-09-30T05:48:00.000Z
- Atlas analysis published: 2026-09-30T06:20:34.263Z
- Atlas analysis updated: 2026-09-30T06:20:34.263Z
- Company: CELSIUS RESOURCES LIMITED (CLA)
- Original source: [asx](https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03146324)
- Atlas sentiment: -0.514
- Atlas tags: JORC Compliant, Resource Update, JORC Compliant, Probable Reserve, DFS-Supporting, JORC Compliant, Stale Estimate, JORC Compliant, Stale Estimate, Theoretical Recovery Only, Theoretical Recovery Only, Agreement Transaction, Deleterious Elements Present, Category Downgrade, Mill Route, Gravity Route

Celsius Resources Limited released its annual report for 2026, highlighting an updated Mineral Resource Estimate and a maiden Ore Reserve Estimate for its flagship Maalinao-Caigutan-Biyog (MCB) Copper-Gold Project in the Philippines. A Definitive Feasibility Study for MCB was also completed, confirming its technical and economic viability with strong economics. However, the company is embroiled in a material legal dispute over the ownership of Makilala Mining Company, Inc. (MMCI), the entity holding the MCB Project's MPSA, which resulted in the deconsolidation and impairment of Celsius's interest and the public auction of its shares in MMCI, creating significant uncertainty for the project's future.

## St. Augustine Gold and Copper Limited Advances Kingking Project to Definitive Feasibility Study and Engages Consulting Engineering Firms

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/st-augustine-gold-and-copper-limited-advances-kingking-project-to-definitive-fea--906cefab-2a55-4824-9504-23a111fefe65) · [Markdown](https://atlas-staging.minestarters.com/news/st-augustine-gold-and-copper-limited-advances-kingking-project-to-definitive-fea--906cefab-2a55-4824-9504-23a111fefe65.md)
- Original announcement: 2025-10-10T11:30:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: St. Augustine Gold and Copper Limited (SAU)
- Original source: [tmx](https://money.tmx.com/en/quote/SAU/news/7048367055492749/st-augustine-gold-and-copper-limited-advances-kingking-project-to-definitive-fea)
- Atlas sentiment: 0.452
- Atlas tags: Resource Update, NI 43-101 Compliant

St. Augustine Gold and Copper Limited has announced the engagement of Stantec and IMC to conduct a Definitive Feasibility Study (DFS) for the Kingking Copper-Gold Project in the Philippines. The decision follows a positive Pre-Feasibility Study (PFS) which reported a post-tax NPV of $4.18 billion and significant copper and gold reserves.

## IMARC pitch: World-class potential in copper play, says Blackstone MD

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/imarc-pitch-world-class-potential-in-copper-play-says-blackstone-md--f54d1239-a792-41eb-9e33-abb976d72d99) · [Markdown](https://atlas-staging.minestarters.com/news/imarc-pitch-world-class-potential-in-copper-play-says-blackstone-md--f54d1239-a792-41eb-9e33-abb976d72d99.md)
- Original announcement: 2025-10-04T00:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Blackstone Minerals
- Original source: [miningbeacon](https://miningbeacon.com/industry/imarc-pitch-world-class-potential-in-copper-play-says-blackstone-md)
- Atlas sentiment: 0.319
- Atlas tags: Maiden Resource

Blackstone Minerals is launching an aggressive 50,000m+ drilling program at its Mankayan copper-gold porphyry project in the Philippines. The company currently holds a significant resource of 793Mt at 0.65% CuEq, including a high-grade core of 170Mt at 0.93% CuEq.

## St. Augustine Announces Positive Results of the Kingking Copper-Gold Project Updated Preliminary Feasibility Study

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/st-augustine-announces-positive-results-of-the-kingking-copper-gold-project-upda--9a5972a2-62b7-4924-ade5-af3555cc45bb) · [Markdown](https://atlas-staging.minestarters.com/news/st-augustine-announces-positive-results-of-the-kingking-copper-gold-project-upda--9a5972a2-62b7-4924-ade5-af3555cc45bb.md)
- Original announcement: 2025-07-31T11:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: St. Augustine Gold and Copper Limited (SAU)
- Original source: [tmx](https://money.tmx.com/en/quote/SAU/news/8556031891903516/st-augustine-announces-positive-results-of-the-kingking-copper-gold-project-upda)
- Atlas sentiment: 0.83
- Atlas tags: Proven Reserve, Probable Reserve, Large Contained Metal, QP/CP Signed, NI 43-101 Compliant, Resource Update, PFS-Supporting, Lapsed Permit, Open Pit

St. Augustine Gold and Copper Limited announced positive results from an updated Preliminary Feasibility Study for its Kingking Copper-Gold Project in the Philippines. The study outlines robust economics with an after-tax NPV of $4.18 billion and an IRR of 34.2%, supported by a 38-year mine life. The project boasts a total Proven and Probable Mineral Reserve of 959.4 million tonnes, containing 5.396 billion pounds of copper and 9.771 million ounces of gold in the milling reserve.

## Binding Finance and Offtake Agreed for Development of High Grade Mabilo Copper-Gold Project

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/binding-finance-and-offtake-agreed-for-development-of-high-grade-mabilo-copper-g--d460fd1b-d25b-4c28-a23b-142635fb4b42) · [Markdown](https://atlas-staging.minestarters.com/news/binding-finance-and-offtake-agreed-for-development-of-high-grade-mabilo-copper-g--d460fd1b-d25b-4c28-a23b-142635fb4b42.md)
- Original announcement: 2025-03-06T05:15:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: RTG Mining Inc. (RTG)
- Original source: [tmx](https://money.tmx.com/en/quote/RTG/news/4858895719391854/binding-finance-and-offtake-agreed-for-development-of-high-grade-mabilo-copper-g)
- Atlas sentiment: 0.493
- Atlas tags: QP/CP Signed, Stale Estimate

RTG Mining has secured a binding US$30 million financing facility and offtake agreement with Glencore to develop Stage 1 of the Mabilo Copper-Gold Project in the Philippines. The facility will fund 100% of the Stage 1 development budget and includes a strategic offtake for all Stage 1 products.

# Atlas tag definitions

- **Bonanza Intercept:** Exceptionally high-grade zone, well above the deposit-type norm.
- **True Width Disclosed:** Actual thickness perpendicular to structure is stated, not just downhole length.
- **Step-Out Extension:** Mineralization extended beyond the previously known limit.
- **QA/QC Disclosed:** Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
- **Compositing Transparent:** Cut-off grade and internal dilution rules are clearly stated for reported intervals.
- **Refractory Ore:** Complex mineralogy requiring oxidation or other special processing before recovery.
- **Apparent Width Only:** Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
- **Stale Data Re-release:** Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
- **No QA/QC Disclosure:** Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
- **Metal Equivalent Opaque:** Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.
- **Cut-off Undisclosed:** Cut-off grade not disclosed — cannot assess comparability to prior estimates or peers.
- **Deleterious Elements Present:** Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
- **Infill Drilling:** Confirmatory drilling to raise resource confidence, not new discovery.
- **Nearology Play:** Value premise rests on proximity to a known deposit rather than own results.
- **Measured Resource:** Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
- **Indicated Resource:** Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
- **Proven Reserve:** Measured Resource with demonstrated economic viability after applying modifying factors.
- **Probable Reserve:** Indicated Resource with demonstrated economic viability after applying modifying factors.
- **Category Upgrade:** Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
- **Tonnage Growth:** Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
- **Grade Improvement:** Average resource grade improved vs prior estimate — better deposit economics.
- **Contained Metal Growth:** True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
- **QP/CP Signed:** Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
- **Cut-off Disclosed:** Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
- **JORC Compliant:** Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
- **NI 43-101 Compliant:** Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
- **Inferred Resource:** Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
- **All Inferred:** 100% of resource is Inferred category — very early stage, no engineering confidence.
- **Grade Decline:** Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
- **Tonnage Decline:** Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
- **Category Downgrade:** Resource confidence decreased — Measured downgraded to Indicated, or Indicated to Inferred. Unusual and concerning.
- **Contained Metal Decline:** Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
- **Dilutive Growth:** Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
- **Cut-off Lowered:** Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation.
- **Cut-off Undisclosed:** Cut-off grade not disclosed — cannot assess comparability to prior estimates or peers.
- **Historical Estimate Only:** Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
- **Stale Estimate:** Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
- **No Contained Metal:** Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
- **No QP/CP Disclosure:** No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
- **Maiden Resource:** First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
- **Resource Update:** Revised estimate for an existing resource — compare to prior to assess progress.
- **PEA-Supporting:** Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
- **PFS-Supporting:** Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
- **DFS-Supporting:** Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
- **High Recovery:** Recovery at or above the exceptional band for the commodity and processing route.
- **Pilot Scale Complete:** Pilot or demonstration plant testing completed under continuous operation.
- **Free Milling:** Simple, clean ore amenable to standard processing without oxidation.
- **Multi-Domain Tested:** Variability across ore domains (oxide, transition, fresh) has been addressed.
- **Recovery Improving:** Recovery improved versus a like-for-like prior test program on the same domain and route.
- **Low Recovery:** Recovery below the weak band for the commodity and processing route.
- **Bench Scale Only:** Only preliminary bench tests completed — no locked-cycle or pilot work.
- **Refractory Ore:** Complex mineralogy requiring oxidation or other special processing before recovery.
- **Single Domain Only:** Testing limited to one composite or domain — representativeness not established.
- **Recovery Stagnant:** No improvement across multiple test programs on comparable material.
- **Theoretical Recovery Only:** Only theoretical or liberation-derived recovery reported, with no actual test result.
- **Heap Leach Route:** Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
- **Mill Route:** Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
- **Gravity Route:** Gravity separation forms a material part of the flowsheet.
- **POX/BIOX Route:** Pressure or bio-oxidation for refractory ore — high CAPEX and OPEX.
- **Byproduct Commodity:** The tested commodity is a byproduct rather than the primary economic driver.