** Shares of Celsius Resources CLA.AX rise 16.7% to A$0.007

** Stock rose as much as 25% to its highest level since March 31

** Copper-gold explorer says the Philippine Department of Environment and Natural Resources $(DENR)$ accepted binding term sheet of a bridge loan facility between Maharlika Investment Corporation and Makilala Mining Company (MMCI), co's Philippine affiliate

** Binding term sheet accepted as sufficient proof of financial capability of MMCI, CLA adds

** About 21.9 million shares change hands by 0043 GMT, 3.3 times the 30-day average volume of shares

** Stock down 45.5% this year, as of last close

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com;))