Celsius Resources (ASX: CLA) is pleased to announce that its Philippine subsidiary, Makilala Mining Company (MMCI), has been issued an Environmental Compliance Certificate (ECC) for the development of its flagship Maalinao-Caigutan-Biyog (MCB) Copper-Gold Project in the Philippines.
The issuance of the ECC signifies that MMCI has completed its Environmental Impact Assessment and certifies that the Company is committed to implement a national government-approved environmental management plan aimed to protect and mitigate the MCB Project's anticipated social, cultural, and environmental impacts in all phases and aspects of the MCB Project.
Celsius Executive Chairman Atty. Julito R. Sarmiento said: "The grant of the ECC is the most significant milestone for MMCI in our quest to showcase the MCB Project in line with the strong policy under the Administration of President Ferdinand R. Marcos, Jr. for a more sustainable, inclusive, and transformative mining industry in the Philippines. Environmental protection has always been one of the primary considerations in the MCB Project's mine design. This is not only in strict adherence to the Environmental, Social and Governance standards1, but also as a firm commitment to our stakeholders and shareholders for the MCB Project to become a model for 'Beyond Responsible Mining2 ' in close partnership with the Department of Environment and Natural Resources under the stewardship of Secretary Maria Antonia Yulo-Loyzaga, a globally renowned climate change and disaster resilience expert."
The issuance of the ECC enables the Company to move forward with obtaining a Mineral Production Sharing Agreement with the Philippine Government which would allow the Company to develop and operate the MCB Project.
MCB COPPER-GOLD PROJECT The MCB Copper-Gold Project is located in the Cordillera Administrative Region in the Philippines, approximately 320km north of Manila. It is the flagship project within the Makilala portfolio which also contains other key prospects in the pipeline for permit renewal/extension.
