Critical Resources taps SGS Canada for maiden Mavis Lake lithium resource
“We look forward to commencing work with the SGS team in the coming weeks and completing the resource estimation process,” said managing director Alex Cheeseman.
Company
Critical Resources Ltd
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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Critical Resources delivers more high-grade lithium up to 3.36% from Mavis Lake Project in Canada
“We believe the last few rounds of assay results have been some of the highest grades released by an ASX-listed lithium company so far in 2022, this sets us up well to continue advancing the project and transition Critical Resources into a
Critical Resources appoints experienced ‘lithium-focused’ executive as new managing director
Alex Cheeseman was hired for his considerable lithium industry experience, proven leadership skills and clear vision and plan to take the company from explorer through to producer.
Critical Resources returns highest-grade results yet from Mavis Lake Lithium Project in Canada
Assays have confirmed thick, high-grade intercepts with sections of exceptionally high-grade lithium oxide up to 4.32%.
Critical Resources extends Mavis Lake Project drilling as it targets maiden JORC resource
“We look forward to the phase three drilling program confirming our view that the mineralised zones are continuing to the east, towards an area that has known and mapped pegmatites, providing a potential strike length up to 3 kilometres lon
Critical Resources continues to deliver high-grade lithium at Mavis Lake
“The company continues its drilling program, and is planning a phase three program and identifying future areas for potential permitting,” said chairman Robert Martin.
Critical Resources finds 28.25 metres of spodumene-bearing pegmatite at flagship Mavis Lake Lithium Project in Canada
“These results show the pegmatites remain open at depth and along a potential strike length of approximately 3 kilometres between our Pegmatite 6 and Pegmatite 18 prospects," said chairman Robert Martin.
Critical Resources delivers one of the “largest cumulative intersections” at Mavis Lake in Canada
The results build further confidence in the company’s exploration program as it continues its pursuit of a maiden JORC-compliant resource.
Critical Resources progresses licensing for Sohar Copper Project in Oman
The project covers 1,006 square kilometres of the copper-rich Ophiolite belt, proven to host clusters of relatively high-grade VHMS copper deposits.
Critical Resources intersects 40.9 metres of spodumene-bearing pegmatite in step-out hole at Mavis Lake
“To intercept 40-plus metres of lithium-bearing pegmatites in one hole 80 metres east of any known occurrences in a previously untested area at Mavis Lake is extremely encouraging," chairman Robert Martin said.
Critical Resources uncovers more polymetallic mineralisation at Halls Peak
“Further intersections at Gibsons of high-grade base and precious metal mineralisation continue to demonstrate the potential of the Halls Peak Project,” said chairman Robert Martin.
Critical Resources appoints company secretary with listings, M&A and capital raising nous
“We’re pleased to welcome Harry to our team as we transition towards our next phase of strategic growth," chairman Robert Martin said.
Critical Resources fields assays up to 1.91% lithium, confirming high grade of Mavis Lake Project in Canada
“Visual inspections to date indicate that these strong assay results are likely to continue and will help us to ultimately define our maiden JORC-compliant resource," Critical Resources chair Robert Martin said.
Critical Resources delivers more from Mavis Lake drilling with up to 7.63 metres at 1.35% lithium
The company’s drilling program at the project in Ontario, Canada, has yielded high-grade lithium both in assays and visuals.
Critical Resources fast-tracks phase two diamond drilling at Mavis Lake Lithium Project in Canada
“Mavis Lake is quickly becoming a cornerstone project for the company as demonstrated by the consistent drill results we have seen in the first 5,000-metre campaign,“ said MD Alex Biggs.
Critical Resources reveals more spodumene-bearing pegmatites as inaugural drilling is completed at Mavis Lake
“Having 35 out of 37 holes intersecting spodumene-bearing mineralisation is a fantastic result and proves the significance of the Mavis Lake Pegmatite field,” said managing director Alex Biggs.
Critical Resources hits further spodumene-bearing pegmatite intersections of up to 15 metres at Mavis Lake
“For 30 out of our first 32 holes to intersect spodumene-bearing mineralisation is a significant achievement," said MD Alex Biggs.
Critical Resources hits 7.66 metres at 1.5% lithium oxide in first assays from Mavis Lake in Canada
“Our first assays from Mavis Lake are very promising indicating a wide, high-grade zone of Li2O,” says MD Alex Biggs.
Critical Resources continues to extend base metal mineralisation at Gibson, within the Halls Peak Project in NSW
"Delineating high grades at depth demonstrates the previously unknown potential of Halls Peak as a whole. We are consistently uncovering new mineralisation in multiple directions but are seeing a trend north-westerly from Gibsons," says MD
Critical Resources kicks off field program at Graphic Lake in Canada
“Graphic Lake is a great opportunity to potentially discover significant lithium-bearing mineralisation which will be hugely complementary to our Mavis Lake project,” says MD.
Critical Resources hits spodumene in 20 of 21 drill holes at Mavis Lake
Critical has unearthed more spodumene in 20 of 21 drill holes in this latest round of drilling at the Mavis Lake Lithium Project. The company is moving to expand this maiden drilling program to 10,000 metres given its success so far.
Critical Resources extends high-grade base metal discoveries at Halls Peak
“Hole 14 represents the detection of a new area of mineralisation that has not previously been explored at our Gibsons prospect," says MD Alex Biggs.
Critical Resources delivers further high-grade zinc, lead and copper from Gibsons
“Drilling is ongoing across multiple targets as we look to start to further define the potential scale at Halls Peak," says MD. “The asset is shaping up as potentially transformational for the company and we look forward to updating the mar
Critical Resources hits high-grade zinc at Halls Peak with copper, lead and silver to boot
Core from five more step-out holes is being assayed at the ALS laboratory in Brisbane, with results expected progressively.
Critical Resources continues to reveal visual spodumene in drilling at Mavis Lake, hitting another broad interval of 17.5 metres
"We are increasingly excited with what the rest of the drill program will uncover, and we look forward to updating our shareholders as this drill program continues,” says MD Alex Biggs.
Critical Resources MD treks to North America to further relationships with strategic partners
“It is a fantastic opportunity for me to return to the Mavis Lake Lithium Project, especially after the continued success we have seen in our first drill program,” Critical Resources managing director Alex Biggs said.
Critical Resources intersects 23.1 metres of visual spodumene-bearing pegmatite, widest to date at Mavis Lake
“The high-grade visual estimates are particularly intriguing and we’re seeing the fundamentals of Mavis Lake improving all the time,” says MD.
Critical Resources extends drilling campaign at Halls Peak Project to 4,700 metres
The additional 1000 metres of drilling is designed to test the extent of mineralisation discovered through the current drill campaign extensionally and at depth.
Critical Resources hones in on new lithium targets at Mavis Lake thanks to geophysical survey
Based on the data at hand, Critical has pinpointed 28 targets for follow-up via surface mapping, geochemical surveys and reconnaissance drilling.
Critical Resources encounters thick spodumene-bearing pegmatites at Mavis Lake
So far, eight of nine holes in Critical’s Mavis Lake drill program have hit visual spodumene-bearing pegmatites.
Critical Resources encounters largest visual spodumene interval of 18.1 metres during inaugural drilling at Canadian project
“The story of Mavis Lake is beginning to unfold, and we see this drill campaign as a potentially transformational catalyst for both the project and the company,” says MD.
Critical Resources hits visual spodumene in first hole at Mavis Lake Lithium Project in Canada
“We feel that Mavis Lake has the potential to be a transformational asset for the company and we are committed in our goal of defining a JORC-compliant resource," says MD Alex Biggs.
Critical Resources kicks off inaugural drilling at Mavis Lake Lithium Project in Canada
“The company has accelerated its drilling and exploration strategy at Mavis Lake with a view to defining a JORC compliant resource in the future. Further planning is underway for the next stage of exploration at Mavis Lake with multiple tar
Critical Resources receives final regulatory approval for Sunnyside exploration at Halls Peak
“The Sunnyside prospect is approximately 1.5km from the Gibsons prospect so represents a clear expansion of the resource potential that exists at Halls Peak,” says MD.
Critical Resources stakes more land in Ontario’s ‘Electric Avenue’
Due to the quality of lithium assets in the region, the fundamental drivers behind the lithium market and the intent of North American manufacturers to source lithium for battery manufacturing from localised supply-chains, Critical believes
Critical Resources appoints accomplished Chartered Accountant Milan Bogunovic as CFO to lead financials
As a senior advisor to a number of major corporations in the exploration and mining industries, Bogunovic has considerable experience in providing expert audit advice to large entities.
Critical Resources given green light to begin drilling at Mavis Lake Lithium Project in Canada
“With strong previous results, we are excited to unlock the potential that Mavis Lake may host. We believe that our asset base in Canada and our exploration strategy in-country will position the company as a key player in Ontario’s lithium
Critical Resources' drilling reveals copper and deep disseminated sulphide mineralisation at Gibsons prospect
The presence of base metal sulphides to a depth of 360 metres extends the down hole depth of the known system and indicates potential for the discovery of further massive sulphide lodes.
Critical Resources appoints exploration manager for Canadian operations
“Troy is a professional geoscientist who provides local expertise and has worked across a range of commodities within the Canadian Archean greenstone belts," says MD Alex Briggs.
Critical Resources Mavis Lake site visit designed to strengthen project bonds
“It is a fantastic opportunity for us to finally be able to visit the Mavis Lake project and our key stakeholders and partners,” MD Alex Biggs said. “With our upcoming drill program at Mavis Lake it is important for the company to be on the
Critical Resources appoints industry specialist to execute ESG strategy aligned with global standards
“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 unearths visible massive and semi-massive base metal sulphides at Gibsons target of Halls Peak Project
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.
Critical Resources receives Ministerial Approval for drilling of Sunnyside prospect at Halls Peak
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
Critical Resources invests C$1.0 million in Canadian battery technology company Volt Carbon Technologies
VCT’s low-carbon battery technologies have "tremendous potential" to address major markets including automotive and aerospace applications.
Critical Resources appoints Cyr Drilling International as drilling contractor for its Mavis Lake Project
The program, which comprises 49 holes for a total of 5,000 metres, is expected to commence in April 2022.
Critical Resources intersects massive sulphides at Halls Peak with hits up to 3.6 metres at 15.06% zinc and 8.38% lead
"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
Coffee with Samso: Critical Resources has a developing critical metals story
Critical Resources managing director Alex Biggs gives a rundown on the 2022 path for the company.
Critical Resources stakes 4,500 hectares of highly prospective claims in emerging Canadian lithium region
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
Critical Resources confirms lithium enrichment at Graphic Lake in Canada
“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.
Critical Resources hits high-grade zinc, copper, lead and silver at depth at the Halls Peak Gibson’s prospect
These results continue to demonstrate the potential of the Halls Peak system, particularly at depth, with additional targets continuously being assessed.
Critical Resources Ltd bolsters exploration strategy with new targets at Gibsons
“We are excited to see the evolution of the current exploration campaign and are looking forward to further testing these targets,” said MD.
Critical Resources raises A$12.5 million to accelerate exploration at Mavis Lake and Halls Peak
“This capital raise is a step-change for the company in terms of future development opportunities," says MD Alex Biggs.
Critical Resources granted approval for additional drilling to test extensional and depth potential at Gibsons
“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.
Critical Resources holds key to the base metals driving economy of the future
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.
Critical Resources strengthens Canadian lithium footprint on finalising Graphic Lake acquisition
“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.
Critical Resources consolidates all surrounding claims at 100%-owned Graphic Lake Lithium Project
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.
Critical Resources begins downhole electromagnetic survey at Gibsons in Halls Peak Project
“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.
Critical Resources stakes claim on 2,700 hectares around Mavis Lake Lithium Project in Canada
“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
Critical Resources' airborne geophysical survey reveals new potential lithium target areas at Mavis Lake
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.
Critical Resources ramps up exploration, acquisition activity in December quarter
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.
Critical Resources increases lithium holding around Graphic Lake Project in Ontario
The expanded land claim will allow the company to prospect in an underexplored and emerging lithium province.
Critical Resources up again as high-grade lithium confirmed at Mavis Lake Project in Canada
“We feel a high level of confidence in the potential this asset provides for the company and our shareholders and we look forward to keeping the market informed as we move closer to drilling”, says MD
Critical Resources shares surge after acquiring lithium project in Ontario, Canada
There is early-indication of potential lithium-caesium-tantalum (LCT) pegmatite system at the project. LCT pegmatites account for 25% of the world’s lithium production and the majority of tantalum caesium production.
Critical Resources shares rise after intersecting visible chalcopyrite at Halls Peak
Hole 11A is indicative of a potential large-scale, multi-element, base metals system at Halls Peak.
Critical Resources intersects visible massive and base metal sulphides at Halls Peak Project
“To intersect massive base metal sulphides at depth again shows that the Halls Peak project is a highly mineralised system that warrants the time, effort and exploration activity currently taking place," says MD.
Coffee with Samso: Critical Resources has both critical metals - lithium and zinc
The company is progressing the Halls Peak Base Metal Project in NSW and has recently acquired the Mavis Lake Lithium Project in Canada.