CELSIUS RESOURCES LIMITED.

CELSIUS RESOURCES LIMITED. (ASX: CLA)

The Philippines Department of Environment and Natural Resources has issued an Environmental Compliance Certificate (ECC) to the MCB Project.
This is an important step towards obtaining a Mineral Production Sharing Agreement (MPSA) with the Philippine National Government.
MMCI has completed its Environmental Impact Assessment and is committed to implementing an approved environmental management plan.

2023-05-31 08:18:00

Celsius Resources Limited has entered into a non-binding term sheet with Silvercorp Metals Inc. for the proposed acquisition of Celsius at a fixed price of A$0.03 per share, comprising 90% Silvercorp shares and 10% cash.
Celsius shareholders may receive shares in a new exploration company, SpinCo, holding Celsius' rights and interests with respect to the Sagay and Opuwo Cobalt projects via a demerger, subject to approvals.
Celsius and Silvercorp have executed a binding subscription agreement for A$5 million at a subscription price of A$0.015, to be primarily used as interim funding for the Maalinao-Caigutan-Biyog Copper-Gold Project in the Philippines.

2023-05-15 15:58:00

Ms. Attilenore Manero appointed as Non-Executive Sustainability Director of Celsius Resources
Mr. Julito Sarmiento becomes Executive Chairman and Mr. Peter Hume becomes Managing Director
Ms. Manero brings substantial practical experience in social and environmental impact management, working closely with technical teams to obtain a social license to operate in the Philippines

2023-03-23 18:51:00

Celsius to attain over 60% Filipino ownership of subsidiary MMCI through a binding deed with Sodor, Inc.
MMCI must achieve over 60% Filipino ownership for signing Mineral Production Sharing Agreement (MPSA) with Philippine Government for Maalinao-Caigutan-Biyog Copper-Gold Project (MCB Project)
Sodor Inc. and PMR Holding Corp. will fund around US$43 million for 30% economic interest in MCB Project, with the share certificates for 60% of MMCI's outstanding shares to be delivered only after funding is completed.

2023-03-20 10:25:00

Celsius Resources Limited has received assay results from their MCB Copper-Gold Project in the Philippines, which confirm further extensions to shallow, high-grade copper mineralisation.
Highlighted results include 51.3m @ 0.93% copper and 0.06g/t gold from 7.7m in drill hole MCB-042, 101.5m @ 0.90% copper and 0.18g/t gold from 9m in drill hole MCB-043 and 131.1m @ 0.93% copper and 0.23g/t gold from 11m in drill hole MCB-044.
The successful drilling campaign enhances confidence in the updated 2022 Mineral Resource estimate for MCB, and is paving the way to successfully developing the project with mutual benefits for shareholders and local stakeholders.

2023-02-28 09:04:00