Ann: Celsius improves recoveries of Cobalt and Copper at Opuwo, page-26

We all know the MCB is a very nice deposit but as things are at present its in the wrong place everyone was hoping for changes from the new government to encourage mining investment however the exact opposite has occurred with the recent big increases on mining tax on all and equity of foreigners. Proposal August 2022
A House of Representatives panel on Wednesday approved a new fiscal regime for the mining sector, which is expected to generate PHP37.5 billion in its first full year of implementation.
The House ways and means committee approved a bill proposing a rationalized and single fiscal regime applicable to all existing and prospective large-scale metallic mines, regardless of location. The committee adopted the version of the Department of Finance, which would “bring the country’s effective tax rate on mining (considering all taxes) to 51 percent, up from 38 percent under the current system.

There are some mining companies operating and doing ok the plan above proposes taking an extra PHP 37.5 billion off them and others.
There are several as good and better deposits that have been stalled (some for decades) awaiting funding or JVs and the incentive to get them going.
Goldfields bought a 40% stake in Far South East copper gold deposit for $230 million with rights to increase to 60% by paying another $110 million + paying the first $165 million of development costs. This deposit has 19.8 million ozs of gold plus 5 million tonnes of copper. Resources 891 million tonnes at 0.7 g/t gold + 0.5% copper. This is still stalled.
Then is Silangan which is 2 deposits 571 million tonnes at 0.3% copper + 0.39 g/t gold Philex at first had a development plan requiring $1.1 Billion but after trying to raise that for 20 years which they could not then had to extend the mining permit for another term and reduced the plan to $700 million. Still unable to get the money so the latest is a much smaller operation requiring $220 million which they hope to raise issuing a lot of shares and some finance from local banks.
Also is The King King gold copper deposit 617 million tonnes at 0.3% copper + 0.39 g/t gold St Augustine got a MPSA in 1992 then had it amended in 2002 .Was listed by the government as a Priority Project. Capital required is $2.04 billion