REG - Critical Mineral - Commencement of Drilling

Critical Mineral ResourcesAnnouncement

02/09/2025 07:00

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RNS Number : 5507X  Critical Mineral Resources PLC  02 September 2025

Critical Mineral Resources PLC

Commencement of Drilling

 

Critical Mineral Resources PLC ('CMR') is pleased to announce that drilling
has started at the Agadir Melloul sedimentary copper-silver project in the
Western Anti-Atlas, Morocco. Diamond drilling is targeting shallow,
gently-dipping mineralised formations, and will also test the underlying
Precambrian basement which is known to be mineralised in places.

 

Highlights

The drilling programme is designed to define sufficient resources for the
planned 750 to 1,000 tonne per day Initial Mine development, whilst also
starting the exploration and delineation of a larger scale resource as part of
the Strategic Resource Strategy.

 

·    Diamond drilling has started, focusing on outcropping
copper-mineralised strike and the down dip extensions

·    Phase 1 campaign is for 6,000 metres of diamond drilling, mostly as
HQ core

·    Drill metres to be split between a local contractor rig and CMR's rig
which will arrive soon from Western Canada

·    CMR expects to continue drilling after Phase 1 is completed,
targeting a large scale resource of global significance

·    CMR has an Initial exploration target of 150,000 to 200,000 tonnes of
contained copper, at a 1.2% copper equivalent grade

 

Charlie Long, CMR's CEO commented:

"We're very excited about our first drill programme, as we build a resource
and fundamental value for our shareholders. Drill core will allow us to study
the stratigraphy, petrology, metallurgy and also better understand the
geological system and controls of mineralisation. Although, of course, at this
stage it is the grade and geometry of the deposit that is our focus.

Our initial exploration target assumes a 2.0m average thickness over a 4km(2)
area, in line with sedimentary copper deposits around the world, which are
often relatively thin but laterally extensive. This 2.0m average will come
from mineralised widths of 1.5m to >5.0m, with an expectation that most
mineralised intersects will be in the 2.0m to 2.5m range.

I wanted to highlight a few advantages of this project which are helping add
value and lower execution risk. Easy topography and road access allowed us to
prepare 50 drill pads in a few days. The target formations are shallow and
gently dipping so most holes will be vertical and drilled to 50m or less,
except in a few cases when we choose to test deeper parts of the basement. All
in all, and assuming good results, the monetary cost of building a resource
should be significantly lower at Agadir Melloul than most other projects out
there."

 

 

Video and photos of drilling activity will be uploaded to our YouTube
(https://www.youtube.com/@CriticalMineralResourcesPLC) channel

 

-END-

 

 Critical Mineral Resources PLC           info@cmrplc.com

 Charles Long, Chief Executive Officer
 Novum Securities                         +44 (0) 20 7399 9425

 Jon Belliss

 

 

Notes To Editors

Critical Mineral Resources (CMR) PLC is focused on developing a
sediment-hosted copper and silver project in Morocco. The macro strategy is to
produce critical minerals for the global economy, including those essential
for electrification and the clean energy revolution. Many of these
commodities, including copper, are widely recognised as being at the start of
a supply and demand supercycle.

CMR identified Morocco as an ideal mining-friendly jurisdiction that meets its
acquisition and operational criteria. The country is perfectly located to
supply raw materials to Europe and possesses excellent prospective geology,
good infrastructure and attractive permitting, tax and royalty conditions. In
2023, CMR acquired an 80% stake in leading Moroccan exploration and geological
services company Atlantic Research Minerals SARL. In 2025, CMR signed a
definitive joint venture agreement to earn-in to 60% of the Agadir Melloul
sediment hosted copper and silver project.

The Company is listed on the London Stock Exchange (CMRS.L). More information
regarding the Company can be found at www.cmrplc.com (http://www.cmrplc.com)

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