Celsius Resources Ltd (ASX:CLA, AIM:CLA) outlined significant progress across its global portfolio in a half-year trading report for the six months ending 31 December 2023.
In the Philippines, Celsius's affiliate Makilala Mining Company (MMCI) advanced the permitting process for the Maalinao-Caigutan-Biyog Copper-Gold Project, securing approvals for all technical, social, and environmental plans.
This achievement paves the way for a Mineral Agreement with the Philippine Government, expected in the first quarter of 2024.
Celsius's wholly-owned subsidiary, Tambuli Mining Company (TMCI) reported positive exploration outcomes for the Sagay Copper-Gold Project in Negros Island.
A drilling programme confirmed significant copper mineralisation, contributing to the development of a Mining Project Feasibility Study submitted to the Philippine Mines and Geosciences Bureau.
In Namibia, the Opuwo Cobalt Project received a two-year renewal of its exclusive prospecting licence, enabling further evaluation of the project's viability and potential partnership opportunities.
Meanwhile, in Australia, Celsius continues to assess the viability of the Cullarin West Project, with no development activities reported for the second half of 2023.
MMCI is nearing the final stages of obtaining a Mineral Production Sharing Agreement for the MCB Project, while TMCI has updated the Mineral Resource Estimate for the Sagay Project based on recent drilling results.
Celsius Resources had $2.05 million (£1.6 million) in cash at the end of the period.