Critical Mineral Resources Plc - Drilling Results
Excellent copper grades, thickness and continuity of mineralisation at Agadir Melloul
Going forward, CMR expects to release regular assay results once every four to five weeks.
The assay results reported today demonstrate consistent copper mineralisation including zones of excellent thickness and copper grade. In some areas, copper mineralised drill intercepts averaged approximately 5m true width, significantly above the Company’s average-width target of 2m. These near surface, high-grade results illustrate the opportunity for open pittable mining on this district-scale deposit.
Highlights
-- Excellent drill results include:
o 5.0m at 1.20% copper, 0.77g/t Au and 1.4g/t silver from 24m,
o 3.7m at 1.76% copper and 8.6g/t silver from 6.3m, and
o 4.0m at 1.20% Cu and 0.9g/t Ag from 18m.
-- Sediment hosted mineralisation being delineated rapidly as the Company
targets publication of its Maiden Resource Estimate during Q3 2026.
-- Growth potential very significant with less than 3% of the project area
drilled.
-- Management maintains its base case medium term exploration target of 25
million tonnes 1 .
______________________________________________________________________________ |BH100|5.0m at 1.20% Cu, 0.77g/t Au 2 and 1.42g/t Ag from 24m inc. 3.0m at| | |1.64% Cu, 1.16g/t gold and 1.85g/t Ag from 25.1m | |_____|________________________________________________________________________| |BH107|5.0m at 0.77% Cu and 1.13g/t Ag from 24m inc. 3.0m at 1.04% Cu and | | |1.22g/t Ag from 25.0m | |_____|________________________________________________________________________| |BH108|4.0m at 1.03% Cu and 1.0/t Ag from 22m | |_____|________________________________________________________________________| |BH110|3.0m at 0.8% Cu and 1.0g/t Ag from 20m | |_____|________________________________________________________________________| |BH111|7.0m at 1.06% Cu and 1.0g/t Ag from 24m inc. 3.0m at 1.49% Cu and 1.0g/t| | |Ag from 27m | |_____|________________________________________________________________________| |BH114|7.0m at 0.91% Cu and 0.9g/t Ag from 17m inc. 4.0m at 1.20% Cu and 0.9g/t| | |Ag from 18m | |_____|________________________________________________________________________| |BH119|2.5m at 1.4% Cu and 8.6g/t Ag from 27m | |_____|________________________________________________________________________| |BH10 |3.7m at 1.76% Cu and 1.0g/t Ag from 6.3m | |_____|________________________________________________________________________| |BH11 |2.6m at 0.95% Cu and 1.1g/t Ag inc.1.6m at 1.27% from 17.4m and 0.73g/t | | |Ag from 18.4m | |_____|________________________________________________________________________| |BH15 |1.5m at 1.32% Cu and 20.31g/t Ag from 41.0m and 1.0m at 1.45% Cu and | | |23.5g/t Ag from 44.5m | |_____|________________________________________________________________________| |BH17 |1.7m at 0.92% Cu and 1.78g/t Ag from 38m | |_____|________________________________________________________________________|
1 The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration or modelling work to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
2 Traces of gold reported over >2m in holes BH11, BH15, BH17, BH118, BH119
“These results continue to confirm a shallow, coherent copper system with widths and grades that are consistent with an open pit development scenario. Importantly, several intercepts exceed our initial thickness assumptions, which has positive implications for potential mining inventory and economics.
Our immediate focus is on systematically extending these and other zones ahead of a maiden resource in Q3, while advancing metallurgical work to validate processing assumptions. With less than 3% of the target area drilled, we see significant scope to grow both tonnage and confidence in the system"
Russell Tucker NED commented:
“We invested in Agadir Melloul and the CMR management team based on clear evidence of a near surface copper silver deposit with scale potential. Today’s drill results, alongside those announced previously, support our initial assessment. We are particularly encouraged by the thicker zones and the fact that only a fraction of the project has been drill tested”
Conversion shares
The Company has received conversion notices of 33,721,061 and 45,273,349 shares from strategic investors which shall result in our largest shareholder maintaining a 28.5% position. Of these shares, 35,121,879 are issued today with the balance and admission of the new shares to take place after our AGM, expected to be towards the end of June. The total number of voting rights in the Company is 376,699,158.
2026 development timeline
Milestone Target Timing Metallurgical testwork programme May – Jun 2026 (laboratory and pilot plant) Process flowsheet development and By Jul 2026 preliminary plant design Geotechnical studies By Jul 2026 Processing plant Environmental Impact By Aug 2026 Assessment submitted Maiden JORC Mineral Resource Estimate Sept 2026 Mine planning and production scheduling Oct –Nov 2026 studies Definitive Feasibility Study completion Target Dec 2026 Processing plant EIA approval Target Dec - 2026 (subject to regulatory timelines)
Competent Person Statement
The technical exploration and mining information contained in this announcement has been reviewed and approved by Mr.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of
ENDS
____________________________________________________________ |Critical Mineral Resources plc | info@cmrplc.com | | | | |Charles Long, Chief Executive Officer| | |_______________________________________|____________________| | Shard Capital LLP | | | | | |Erik Woolgar | | | |+44 (0) 207 186 9952| |Damon Heath | | | | | | | | |_______________________________________|____________________|
Notes To Editors
CMR is building a diversified portfolio of high-quality metals exploration and development projects in
The Company is listed on the
