--News Direct--

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

jonathan@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/celsius-resources-has-commitment-from-supportive-local-philippines-partner-to-advance-mcb-836978476