Celsius Resources' MCB Project Gains DMPF Approval

Celsius Resources

Celsius Resources (ASX, AIM: CLA) has announced that its Philippine subsidiary, Makilala Mining Company has received approval of the Declaration of Mining Project Feasibility ("DMPF") for its flagship MCB Project in the Philippines. The issuance of the DMPF enables the Company to move forward with obtaining a Mineral Production Sharing Agreement ("MPSA") with the Philippine Government which would allow the Company to develop and operate the MCB Project. The MPSA application has been submitted and the Company envisages receiving the MPSA within the coming weeks.

/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).