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.
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.
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 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.
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.
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.
