Company
ASX:CRR
Critical Resources Limited is a diversified lithium-gold-antimony explorer and developer with assets in Canada, Australia and New Zealand. The company's flagship Mavis Lake Lithium Project in Ontario, Canada, anchors its battery metals focus, complemented by the Halls Peak gold-antimony-base metals projects in New South Wales, Australia, and its gold–antimony projects centred in the Otago region, New Zealand. These diversified portfolio positions Critical Resources to create value through the critical minerals supply chain, with exposure to the rising gold market.
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“We see ESG as an opportunity to develop operating and reporting systems and frameworks that add value and efficiency to our business, particularly when we look at the battery metals and green energy sectors. ESG compliance also offers grea
Critical Resources continues to demonstrate the prospectivity of the Halls Peak Project system, intersecting visible massive and semi-massive base metal sulphides in drilling at the Gibsons target.
The company believes this staged approach to exploration will enable more accurate, lower risk, target development and more efficient placement of future holes and further exploration of the down dip and down plunge extensions to known mine
VCT’s low-carbon battery technologies have "tremendous potential" to address major markets including automotive and aerospace applications.
The program, which comprises 49 holes for a total of 5,000 metres, is expected to commence in April 2022.
"As the drill program develops, we are beginning to develop a clearer thesis on what Halls Peak represents and see the asset as potentially transformational to the company and its shareholders,” says MD
Critical Resources managing director Alex Biggs gives a rundown on the 2022 path for the company.
The continued growth of the company’s landholding in prospective lithium regions, is key in a longer-term strategy to develop a lithium hub within Ontario
“As an early-stage project, we feel that we can employ a strategic and structured exploration strategy to begin delineating further mineralisation with a target of defining a JORC-compliant resource,” says MD.
These results continue to demonstrate the potential of the Halls Peak system, particularly at depth, with additional targets continuously being assessed.
“We are excited to see the evolution of the current exploration campaign and are looking forward to further testing these targets,” said MD.
“This capital raise is a step-change for the company in terms of future development opportunities," says MD Alex Biggs.
“These additional holes will allow us to further delineate the chalcopyrite mineralisation we intersected in Hole 11A and test geophysical anomalies at depth,” said managing director Alex Biggs.
The company has come a long way in a short period of time, with high-quality, sought-after assets and an ESG-driven strategy for growth.
“The final acquisition of Graphic Lake is a clear demonstration of our intent to develop our business in Canada. The natural synergies with our Mavis Lake asset are clear, both from a commodity and exploration standpoint," says MD.
The company had acquired an additional 500 hectares to consolidate the land package and provide tenure continuity, as well as ensure continuity along the observed potential SW/NE strike of the pegmatite field.
“Halls Peak is demonstrating strong indicators that demonstrate its potential and this survey program will assist greatly in planning the next phase of drilling," says MD Alex Briggs.
“Increasing our landholding around Mavis Lake is part of our strategy, allowing us to conduct additional exploration works, test any continuities in geology and importantly providing the ability to expand our exploration thesis in a highly
The results support the highly prospective nature of the Mavis Lake property and the ability for expansion to existing mineralisation. It also allows the company to continue its aggressive exploration campaign.
Over the last three months of the year, the company explored its flagship Halls Peak Project in NSW, intersecting massive sulphide mineralisation in the first, second and fourth drill holes.
