Celsius Resources Ltd.ASX: CLA

Celsius Resources has commitment from supportive local Philippines partner to advance MCB

· Issued by Celsius Resources Ltd.

(via NewsDirect)

Celsius Resources Ltd (ASX:CLA, AIM:CLA) executive director Peter Hume tells Proactive its wholly-owned subsidiary Makilala Holding Ltd (MMCI), has inked a deal with Sodor Inc for the latter to acquire 60% of MMCI. This deal, signed on March 17, was worth PHP 300 million, or around A$8.2 million. Hume says it is a significant milestone - allowing MMCI to apply for a mineral production sharing agreement (MPSA) for the MCB Copper-Gold Project with the Philippine Government.

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

[email protected]

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