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, AIM: CLA) wishes to provide an update in respect of its proposed transaction with Silvercorp Metals Inc. (Silvercorp) as first announced on 15 May 2023.

Celsius Resources speaks to Proactive about the issuance of an exploration permit for the Botilao Porphyry Copper-Gold Prospect under its Philippine subsidiary, Makilala Mining Company.

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.

As previously announced, Celsius and Silvercorp entered into a term sheet which outlined the non-binding key terms upon which, amongst other things, Silvercorp would acquire 100% of the issued capital of Celsius pursuant to a scheme of arrangement (“Scheme”).

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.