WATCH: Celsius Resources Managing Director Peter Hume discusses with Andrew Scott from Proactive, the company’s latest announcements including new MCB road access and promising Sagay drilling.

Philippine Mines and Geosciences Bureau has issued the approval of the Declaration of Mining Project Feasibility as the last step in the permitting process towards the achievement of the MCB Project’s mining permit.

Philippine Mines and Geosciences Bureau approves the MCB Project’s Mining Project Feasibility Study

Celsius Resources (ASX: CLA, AIM: CLA) Managing Director Peter Hume speaks to Thomas Warner from Proactive London about the latest developments and how the Company is making significant strides progressing the MCB Copper-Gold Project.

The approval of the EPEP-FMRDP is another step closer in the mine permitting process of obtaining a Mineral Production Sharing Agreement (MPSA) with the Philippine Government which the Company envisages receiving by the end of August 2023.

Right now, there aren’t enough copper mines to deal with the 2.5 times more copper required in a battery electric vehicle than for a standard internal combustion engine vehicle.