REG - Celsius Resources Ld - Renewal of the Botilao Exploration Permit Approved

Celsius ResourcesAnnouncement

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RNS Number : 7546R  Celsius Resources Limited  05 February 2026

 

ASX/AIM RELEASE

 5 February 2026

 

Philippine Government Approves Renewal of Botilao Exploration Permit
HIGHLIGHTS

· Philippine Mines and Geosciences Bureau have approved the first renewal of
Exploration Permit No. 011-2023-CAR for Celsius' Botilao Copper-Gold Prospect.

· The renewed permit supports ongoing exploration activities with the
potential to enhance and complement the MCB Project's future concentrate
supply.

_______________________________________________________________________________

 

Celsius Resources Limited ("Celsius") (ASX, AIM: CLA) is pleased to announce
that the Philippine Mines and Geosciences Bureau ("MGB") has approved the
first renewal of Exploration Permit No. 011-2023-CAR for the Botilao Porphyry
Copper-Gold Prospect (the "Botilao Prospect"), located in the Cordillera
Administrative Region, under its Philippine affiliate company, Makilala Mining
Company, Inc. ("MMCI" or "the Company").

 

The first renewal of the exploration permit grants MMCI authority to continue
exploration activities over the Botilao Prospect for an additional two
(2)-year period, ensuring continuity of technical studies and field programs
aimed at further defining the extent, distribution and characteristics of
mineralisation within the permit area.

 

Under the renewed permit, the Exploration Work Program will focus on advancing
geological understanding of the Botilao Prospect through continued surface
mapping, geochemical sampling, data integration, and evaluation of targets for
potential follow‑up geophysical surveys and drilling activities, subject to
regulatory approvals.

 

These activities will be complemented by the approved Environmental Work
Program ("EWP") for the first renewal period, which outlines specific measures
for environmental protection, impact mitigation, rehabilitation and monitoring
throughout the exploration term. In parallel, the Community Development
Program ("CDP") will continue to support socio-economic initiatives identified
in consultation with host communities, local government units and other
stakeholders, ensuring alignment with regulatory commitments and community
priorities.

 

 

MMCI Technical Director Peter Hume, said:

 

"The renewal of the Botilao exploration permit represents an important
milestone, enabling the Company to build on the technical work completed to
date. Botilao remains a highly prospective tenement with geological
similarities to the nearby Maalinao-Caigutan-Biyog Copper-Gold Project ("MCB
Project") Deposit and has the potential to provide additional feed that could
extend the operating life of the MCB Project process plant. The renewal allows
exploration activities to be progressed in a systematic and responsible
manner, consistent with the Company's commitments to environmental stewardship
and community engagement."

 

BOTILAO PORPHYRY COPPER-GOLD PROSPECT

Botilao is located in the Cordillera Administrative Region in the Philippines,
approximately 320km north of Manila (Figure 1). It is a prospect within the
Makilala portfolio with a tenement area of 947.67 hectares, southwest of the
MCB Project (Figure 2).

 

Historical exploration work conducted by Lepanto Consolidated Mining Inc. in
the '70s includes drilling diamond bore holes and geochemical sampling along
exploratory tunnels. A 1973 inspection and verification report by the Bureau
of Mines 1  indicated that Lepanto was able to delineate two (2) major ore
zones striking northeast. Drilling and exploration tunnel works were
concentrated around Botilao Creek, south of Pasil River. The report indicated
tunnel samples with copper grades up to ~1%.

 

 

The result of historical exploration works and the current understanding of
the MCB Deposit will provide the initial working model for the Botilao
Prospect (Figure 3).

 

Along with geochemical sampling, mapping of different rock types or
lithologies in the area will be conducted to characterise and delineate
mineralised or altered zones. Detailed mapping will focus on identified
mineralised outcrops to ensure proper understanding of the classification and
controls of mineralisation.

 

 

Figure 1: Location Map of the Botilao Copper-Gold Prospect in the Province of
Kalinga, Northern Luzon, Philippines

 

Figure 2.  Location of the Botilao tenement with respect to the MCB Project
Tenement. The Pasil River Fault which is the mineralisation control for the
MCB Deposit extends towards the Botilao Prospect.

 

Figure 3. Blue and green copper minerals observed along the walls of the
Botilao outcrop.

 

This announcement has been authorised by the Board of Directors of Celsius
Resources Limited.

 

Forward Looking Statements

 

Some of the statements appearing in this announcement may be in the nature of
forward-looking statements. You should be aware that such statements are only
predictions and are subject to inherent risks and uncertainties. Those risks
and uncertainties include factors and risks specific to the industries in
which the Company operates and proposes to operate as well as general economic
conditions, prevailing exchange rates and interest rates and conditions in the
financial markets, among other things. Actual events or results may differ
materially from the events or results expressed or implied in any
forward-looking statement.

No forward-looking statement is a guarantee or representation as to future
performance or any other future matters, which will be influenced by a number
of factors and subject to various uncertainties and contingencies, many of
which will be outside the Company's control.

The Company does not undertake any obligation to update publicly or release
any revisions to these forward-looking statements to reflect events or
circumstances after today's date or to reflect the occurrence of unanticipated
events. No representation or warranty, express or implied, is made as to the
fairness, accuracy, completeness or correctness of the information, opinions
or conclusions contained in this announcement. To the maximum extent permitted
by law, none of the Company's Directors, employees, advisors, or agents, nor
any other person, accepts any liability for any loss arising from the use of
the information contained in this announcement. You are cautioned not to place
undue reliance on any forward-looking statement. The forward-looking
statements in this announcement reflect views held only as at the date of this
announcement.

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the
European Union (Withdrawal) Act 2018.

Celsius Resources Contact Information

Level 5, 191 St. Georges Terrace

Perth WA 6000

 

PO Box 7059

Cloisters Square PO

Perth WA 6850

 

P: +61  8 9324 4516

E: info@celsiusresources.com.au (mailto:info@celsiusresources.com.au)

W: www.celsiusresources.com (http://www.celsiusresources.com)

 

 Celsius Resources Limited
 Neil Grimes                             P: +61419922478

                                         E:  neil @celsiusresources.com

 Multiplier Media

 (Australia Media Contact)
 Jon Cuthbert                            M: +61 402 075 707

                                         E: jon.cuthbert@multiplier.com.au (mailto:jon.cuthbert@multiplier.com.au)

 Zeus                                    P: +44 (0) 20 3 829 5000

 (Nominated Adviser & Broker)
 James Joyce/James Bavister
 Zeus Capital Limited ("Zeus") is the Company's Nominated Adviser and is
 authorised and

regulated by FCA. Zeus's responsibilities as the Company's Nominated Adviser,

including a responsibility to advise and guide the Company on its
 responsibilities under

the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
 solely to

the London Stock Exchange. Zeus is not acting for and will not be responsible
 to any

persons for providing protections afforded to customers of Zeus nor for
 advising them in

relation to the proposed arrangements described in this announcement or any
 matter referred to in it.

 

 1  Almogela, D. H. (1973) Report on the Inspection and Verification of the
Exploration Activities of Lepanto Consolidated Mining Company, Bureau of
Mines, 16-18 March 1973.

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