Celsius Resources Limited
24 August 2026
ASX/AIM Announcement 24 August 2026
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Disbarment application filed against Attorney Sarmiento and SL Law partners |
Celsius Resources Limited ("Celsius" or the "Company") (+ASX, AIM: CLA) advises that it and other complainants have filed a verified disciplinary complaint seeking the disbarment of Attorney Julito "Sarge" R. Sarmiento ("Attorney Sarmiento") and other respondent lawyers from Sarmiento Loriega Law ("SL Law") for alleged violations of the Code of Professional Responsibility and Accountability.
The other senior respondents from SL Law include:
· Attorney Maria Elizabeth "Beth" E. Peralta-Loriega (Founding Partner and the Co-Managing Partner);
· Attorney Recolito Ferdinand "Ricky" N. Cantre, Jr. (Senior Partner);
· Attorney Jose A. Linsangan (Senior Partner);
· Attorney Bryan A. San Juan (Senior Partner); and
· Attorney Christine C. Clemente (Partner).
In addition, several junior lawyers are also named in the disciplinary disbarment complaint.
This follows the recent filing of a criminal complaint with the Philippines Department of Justice against Attorney Sarmiento around an alleged contravention under Section 2-A of the Anti-Dummy Law.[1]
Given the requirements governing disciplinary proceedings in the Philippines, this announcement is strictly limited to confirming the fact that the complaint has been filed.
The complaint concerns a matter of legitimate public and national interest in the Philippines. It arises in the context of the publicly disclosed governance of Makilala Mining Company, Inc. ("MMCI") and the development of the MCB Copper-Gold Project which is being advanced under a Mineral Production Sharing Agreement ("MPSA") with the Philippine Government.
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation ("MAR") (EU) No. 596/2014, as incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
This announcement is made in accordance with the Company's continuous-disclosure obligations under ASX Listing Rule 3.1 and Rule 11 of the AIM Rules for Companies.
It has been authorised by the Board of Directors of Celsius Resources Limited.
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Celsius Resources Limited |
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Bardin Davis - Managing Director |
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Purple Communications Pty Ltd Andrew Edge
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E: aedge@purple.au |
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Zeus Capital Limited Nominated Adviser - James Joyce / James Bavister Broking - Harry Ansell |
P: +44 (0) 20 3 829 5000 |
[1] See 3 August 2026 ASX/AIM Announcement - Filing of a criminal complaint against Attorney Sarmiento.
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