The Philippine Mines and Geosciences Bureau has issued Celsius Resources Ltd (ASX:CLA, AIM:CLA) an exploration permit extension for the Sagay Copper Project on the Island of Negros in the Philippines.
The exploration permit for the Sagay Copper Project was extended ahead of the potential approval of a Declaration of Mining Project Feasibility (DMPF).
Celsius’s Philippine subsidiary, Tambuli Mining Company (TMCI), has submitted a DMPF application for Sagay to the Philippine Mines and Geosciences Bureau (MGB), which has been accepted and is under review.
Its approval will allow TMCI to apply for a mineral agreement with the Philippine Government.
Celsius Resources executive chairman Atty. Julito 'Sarge' Sarmiento said: “We are in the process of completing the Environmental Impact Assessment for the Sagay Project as the basis for the issuance of an Environmental Compliance Certificate which is one of the key requirements for the approval of the DMPF.
“We are taking every step to ensure that we have comprehensively covered all potential environmental impacts of the proposed project with avoidance, protection and prevention as top of mind approaches, and that any residual impacts are minimised and managed.
"Environmental stewardship will always be at the forefront of our business operations.
“As with our Maalinao-Caigutan-Biyog project (MCB Project), we will continue to adhere with the Philippine Government’s regulatory permitting requirements to ensure the safe development and operations of the Sagay Project,” he added.
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