Celsius Resources Ltd has achieved a significant milestone with the extension of its exploration permit for the Sagay Copper Project located in Negros, Philippines. This development is a critical step forward for the company, as it facilitates the potential approval of the Declaration of Mining Project Feasibility (DMPF), a document currently under review by the Philippine Mines and Geosciences Bureau.
Peter Hume, CEO of Celsius Resources, highlighted the importance of the DMPF approval for the company's future operations and its mineral agreements with the Philippine Government. The approval of the DMPF is not only a regulatory requirement but also a testament to the project's viability and its alignment with national mining policies.
In addition to the DMPF, Celsius Resources is conducting a comprehensive Environmental Impact Assessment (EIA) for the Sagay Project. This assessment is crucial for securing the Environmental Compliance Certificate (ECC), underscoring the company's commitment to environmental stewardship and sustainable mining practices. The EIA process reflects the company's dedication to minimizing environmental impact and ensuring the project's compliance with local and international environmental standards.
Hume also discussed the company's responsible approach to the Maalinao-Caigutan-Biyog (MCB) Project, further demonstrating Celsius Resources' commitment to sustainable development. The company's strategy in addressing regulatory and environmental challenges showcases its focus on the safe and sustainable development of the Sagay Project, aligning with global trends towards responsible mining.
The progress of the Sagay Copper Project is a significant development for the mining industry in the Philippines, offering potential economic benefits while emphasizing the importance of environmental sustainability. For more information on Celsius Resources Ltd and its projects, visit https://www.celsiusresources.com.
