Critical Resources Limited initiates targeted drilling campaign at Mavis Lake Lithium Project

Critical Resources Limited (ASX:CRR) has announced the commencement of a targeted drilling campaign at its flagship 100%-owned Mavis Lake Lithium Project in Ontario, Canada. The drilling program aims to focus on high-priority targets within the Northern Prospects, specifically the Tot pegmatite, and continue resource expansion drilling at the Main Zone of Mavis Lake. The company's strategic objectives include building upon the existing Mineral Resource Estimate of 8 million tonnes at an average grade of 1.07% Li2O and advancing toward the exploration target of 18 to 29 million tonnes at 0.8 to 1.2% Li2O across the broader Mavis Lake Project area.

Executive Commentary on Drilling Commencement

This drill campaign at Mavis Lake is a crucial step in unlocking the geological potential of the area. Our exploration strategy is meticulously designed to enhance our understanding of the spodumene-bearing pegmatites, particularly within the Northern Prospects, including Gullwing and Tot, which have shown significant promise in preliminary exploratory works. The targeted drilling at these zones, along with continued work at the Main Zone, is expected to provide critical data that will refine our resource models and support the potential for a substantial expansion of the current resource base. The insights gained from this program will be instrumental in advancing the geological understanding of the Mavis Lake Project as we work towards our exploration target.

Summary of Commencement of Drilling at Mavis Lake Lithium Project

Critical Resources Limited has initiated a targeted drilling campaign at its Mavis Lake Lithium Project in Ontario, Canada. The company aims to focus on high-priority targets within the Northern Prospects, specifically the Tot pegmatite, and continue resource expansion drilling at the Main Zone of Mavis Lake. The drilling program has been strategically designed to build upon the existing Mineral Resource Estimate and significantly advance toward the exploration target across the broader Mavis Lake Project area. The insights gained from this program are expected to refine resource models and support the potential for a substantial expansion of the current resource base. The Mavis Lake Lithium Project is positioned as one of the most promising lithium projects in North America, and Critical Resources remains committed to responsible exploration and development practices.