Celsius Resources Ltd - copper-gold exploration and development company in the Philippines, Namibia and Australia - Provides review of activities in quarter to March 31. Reports substantial progress on key activities to develop the MCB copper-gold project. This includes undertaking various studies in preparation for hydrogeological and geotechnical drilling, receiving further shallow high-grade copper-gold assay results and securing initial binding deed and agreement with local partners. Also notes additional desktop studies to update the geologic and mineralisation models for the Sagay copper-gold project. States closing cash balance at March 31 was $3.1 million.

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