An announcement from Celsius Resources Ltd. ( (AU:CLA) ) is now available.
Celsius Resources Limited announced that its affiliate, Makilala Mining Company, Inc., has received confirmation from the Philippine Department of Environment and Natural Resources (DENR) that it has met the financial compliance requirements for its Mineral Production Sharing Agreement (MPSA) for the MCB Copper-Gold Project. This milestone secures the MPSA for 25 years, with a potential renewal for another 25 years, and allows the company to proceed with mine development and construction. The involvement of Maharlika Investment Corporation as a financial partner enhances the project’s credibility and financial standing, ensuring continued support and potential economic benefits for local communities and national development.
More about Celsius Resources Ltd.
Celsius Resources Limited, operating under the ticker CLA on ASX and AIM, is a mining company with a focus on copper and gold projects. Its primary asset is the Maalinao-Caigutan-Biyog Copper-Gold Project (MCB) located in the Cordillera Administrative Region in the Philippines.
Technical Sentiment Signal: Strong Buy
Current Market Cap: €9.57M
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