Celsius Resources’ MCB Project Clears Key Environmental Hurdle

  • Celsius Resources' MCB Project in the Philippines receives Certificate of Approval for Environmental Protection and Enhancement Program-Final Mine Rehabilitation and/or Decommissioning Plan (EPEP-FMRDP).
  • The approval is a significant step towards obtaining the mining permit for the flagship Maalinao-Caigutan-Biyog Copper-Gold Project.
  • Celsius Resources' commitment to sustainable mining practices and collaboration with stakeholders underscore its dedication to responsible resource development.

In a significant leap towards responsible mining and environmental stewardship, Celsius Resources Limited (ASX:CLA, AIM:CLA) and its Philippine subsidiary, Makilala Mining Company, Inc. (MMCI), have received a crucial Certificate of Approval for the Environmental Protection and Enhancement Program-Final Mine Rehabilitation and/or Decommissioning Plan (EPEP-FMRDP). This milestone comes as a major achievement for Celsius Resources’ flagship Maalinao-Caigutan-Biyog Copper-Gold Project (MCB Project), signaling progress towards obtaining the much-awaited mining permit in the Philippines.

The MCB Project has been a strategic focus for Celsius Resources, offering promising potential for significant copper and gold deposits. However, Celsius has been keenly aware of the importance of sustainable mining practices and environmental protection throughout the project’s lifecycle. The approval of the EPEP-FMRDP by the Philippines Mines and Geosciences Bureau serves as an endorsement of the company’s dedication to environmental preservation and responsible resource development.

The Environmental Protection and Enhancement Program (EPEP) is a comprehensive plan developed to mitigate the environmental impact of mining activities in the MCB Project. It outlines measures aimed at safeguarding natural resources, wildlife, and ecosystems while ensuring minimal disruption to local communities. The Final Mine Rehabilitation and/or Decommissioning Plan (FMRDP) complements the EPEP, detailing the process of restoring the mining site to its original condition once the project reaches completion.

The meticulous evaluation and subsequent approval of the EPEP-FMRDP demonstrate Celsius Resources’ commitment to going beyond regulatory requirements in their pursuit of environmental excellence. The Company has consistently collaborated with local stakeholders, communities, and environmental experts to develop a plan that aligns with international best practices for sustainable mining.

The significance of this approval goes beyond regulatory compliance. It signifies the attainment of a critical milestone in the project’s journey towards receiving a mining permit. Celsius Resources can now advance to the next stage in the permitting process, bringing the MCB Project one step closer to full-fledged mining operations.

Sustainable mining practices have become increasingly paramount in today’s global landscape, with investors and communities alike demanding higher environmental standards from mining companies. Celsius Resources’ MCB Project is poised to set new benchmarks for responsible mining in the Philippines, taking into account the long-term welfare of the environment and communities.

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