Celsius Says Unit Meets Final Financial Requirement for Philippines Project; Shares Rise 17%

MT Newswires Live

04/08

Celsius Resources (ASX:CLA) said that its unit, Makilala Mining (MMCI), has fulfilled the final financial compliance requirement for its Maalinao-Caigutan-Biyog Copper-Gold Project (MCB) in the Philippines, according to a Tuesday filing with the Australian bourse.

MMCI will now update its development program and submit necessary financial documents to the Philippine Department of Environment and Natural Resources and the Mines and Geosciences Bureau, the filing said.

Shares of the company rose 17% in recent Tuesday trade.

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