News & Updates

• A Chief Operating Officer (COO) joins the ranks of the Celsius’ Philippine subsidiaries complementing the in-country team, particularly in the development of the MCB Project.
• With his extensive and diverse experience in underground mines, this will help propel the MCB Project forward.

Celsius Resources Limited (“Celsius” or “the Company”) is pleased to announce that it has appointed a new Chief Operating Officer to boost the operations of its Philippine subsidiaries, particularly the development of the Company’s flagship Maalinao-Caigutan-Biyog Copper-Gold Project (“MCB” or “the Project”).

The Company has signed on Mr David James Way, a New Zealand educated mining engineer with more than 30 years’ experience in the operation and management of both underground and open-pit mines across several commodities and jurisdictions. Recent relevant experience includes executive responsibility for OceanaGold’s Didipio Mine in the Philippines, as well as the Macraes and Waihi Gold Mines in New Zealand. Previously, Mr Way held senior management positions with Oz Mineral’s Prominent Hill Mine in South Australia, Newcrest Mining’s Gosowong Gold Mine in Indonesia and its Telfer Mine in Western Australia. Mr Way has also held mine management positions in South Africa and the Democratic Republic of Congo. Mr Way holds a Bachelor of Engineering (Mining) from the University of Auckland, a MBA from the University of South Australia, is a Graduate of the Australian Institute of Company Directors and is a Member of the Australasian Institute of Mining and Metallurgy. His acumen in directing and leading projects and operations, as well as his close familiarity and successful engagement of various stakeholders in the Philippines, through his previous position as General Manager for OceanaGold’s Didipio Mine, will be extremely beneficial and hold him in good stead for his new appointment as COO of Celsius.

Celsius Chairman Atty. Julito R. Sarmiento said:

“We are happy and fortunate to have David Way joining our Philippine subsidiaries as we expand our operations. I am confident his immense talent, people skills, mining expertise, and above all, his vision, values and passion which align completely with the Company. With David complementing the in-country team, we will be better positioned to realise our strategy of a ‘green mine’ for the MCB Project that would showcase a model for Transformative Mining in the Philippines.”

This is a timely development for the MCB Project as it is completing the necessary government requirements and approvals for the Mineral Production Sharing Agreement application early in 2023.