REG-Critical Mineral Resources Plc: Drilling Results

Critical Mineral ResourcesAnnouncement

30/12/2025 07:02

30 December 2025

 

 

 

Critical Mineral Resources Plc

Gold discovery and more shallow copper mineralisation

 

Critical Mineral Resources plc (“CMR”, “Company”) is very pleased to
report further highly encouraging results from its maiden core drilling
programme at Agadir Melloul, continuing to delineate shallow copper
mineralisation at Zone 2 North, as well as an extremely exciting shallow gold
intercept of 2.5g/t Au over 1.0m from 5m.

 

Drill results

Excellent near surface copper intercepts continue:
*            BHR09:10.0m at 1.1% Cu and 20g/t Ag and 0.12g/t Au from surface  
       
*            BHR05: 1.0m at 1.44% Cu from 10.0m          
*            BHF01: 2.0m at 0.95% Cu from 29.0m          
*            BHR10: 3.0m at 0.82% Cu and 12g/t Ag from 3.0m           
*            BH46: 4.0m at 1.1% Cu and 4g/t Ag from 16.4m          
*            BH50: 3.0m at 0.80% Cu and 4g/t Ag from 31.0m          
*            BH51: 3.0m at 1.1% Cu from 32m          
*            BH52: 1.0m at 1.69% Cu and 4g/t Ag from 16.8m
New near surface gold intercepts of:
*                                     BHR07: 1.0m at 2.5g/t Au from 5.0m      
                          
*                                     BHR04: 1.0m at 0.6g/t Au from 13.6m     
                           
*                                     BHR13: 1.0m at 1.05g/t Au from 11.0m    
                            
*                                     BHR20: 0.8m at 1.67g/t Au from 21.2m    
                             
	 
         *            Approximately 1% of the project area has now been
drilled with further results expected in late January to early February,
including the first assays from the Company’s drill rig.           
	 
*            Shallow copper mineralisation, amenable to open pit mining, now
confirmed at both Zone 1 and Zone 2.           
	 
*            Assay results to date remain consistent with CMR’s Exploration
Target and geological model of shallow copper mineralisation with potential
for low capital intensity and attractive operating costs.           
	 
*            The new gold discovery and Rhyolite Target add significant upside
potential to the original limestone / sedimentary hosted copper mineralisation
model.           
	 
*            The company is still on track to break ground on the Initial Mine
Development in 2027, with a maiden JORC resource expected as early as H1 2026.
 


Fig.1  Zoomed in map showing location of gold intercepts

 

   

Source: Company

 

Charlie Long CEO commented:

“Agadir Melloul is shaping up as a copper, silver and gold project, three of
the most compelling metals of the current cycle. Our drilling continues to
define shallow copper mineralisation, and we now have the extremely exciting
addition of a gold discovery, also in a shallow setting.

In the latest results, we intercepted another 10m of nicely mineralised
rhyolite, adding further support for more than one mineralised system and
expanding the opportunity beyond the initial model.                           
    There are also two copper-silver mineralised quartz veins within the
project which will be mapped and drilled in due course. These are expected to
add higher grade tonnage to the resource for blending with lower grade
material.

So our targets now include sedimentary copper in carbonates, copper
mineralised rhyolite, a gold system, and the copper vein structures we have
not yet drilled.

Our strong belief is that, over time, drilling will delineate multiple zones
of potentially economic shallow copper mineralisation, within broader
envelopes of lower grade material. In our view, it is only a matter of time
and drill metres before we define sufficient resources to push the button on
construction of a starter operation, what we’ve named the Initial Mine. We
expect that decision to be made in early 2027”

 

Outlook

CMR remains firmly on track to deliver a shallow, open pittable, maiden
resource by late Q2 to early Q3 2026, sufficient in scale to underpin the
Initial Mine development. CMR’s longer term Initial Exploration Target of
150,000 to 200,000 tonnes of contained copper is based on a shallow,
semi-continuous tabular resource with a 2.0m average thickness and an average
grade of 1.2% copper equivalent.

Following publication of the resource estimate in H1 2026, CMR will
immediately commence the Agadir-Melloul feasibility study and Environmental
Impact Assessment for the processing plant, targeting construction of the
Initial Mine during 2027. With the Company’s own, new rig now operational,
we expect drilling to be maintained at a steady rate with fewer breakdowns.

The project is emerging as one of the most compelling new copper discoveries,
combining shallow geometry, good grades, attractive scale potential, and multi
system upside, a combination rarely seen at this early stage of exploration.

Competent Person Statement

The technical exploration and mining information contained in this
announcement has been reviewed and approved by Mr. Robert Nigel Chapman. Mr.
Chapman has sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the activity to
which he is undertaking to qualify as a Competent Person as defined in the
2004 Edition of the 'Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves and as a qualified person under the AIM
Note for Mining, Oil and Gas Companies. Mr. Chapman is an employee of Luna
Recursos Naturales SAC, an independent geological consultancy established in
2014 and is a Member of the Australasian Institute of Geoscientists (A.I.G.)
Mr. Chapman has visited Agadir Melloul and consents to the inclusion in this
Announcement of such information in the form and context in which it appears.

 

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 United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019.

 

 

ENDS

 

 Critical Mineral Resources PLC  Charles Long,  Chief Executive Officer  info@cmrplc.com       
 AlbR Capital  Jon Belliss                                               +44 (0) 20 7399 9425  

 


Notes To Editors

Critical Mineral Resources (CMR) PLC is an exploration and development company
focused on developing assets that produce critical minerals for the global
economy, including those essential for electrification and the clean energy
revolution. Many of these commodities are widely recognised as being at the
start of a supply and demand super cycle.

CMR is building a diversified portfolio of high-quality metals exploration and
development projects in Morocco, focusing on copper, silver and potentially
other critical minerals and metals. 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, the Company
acquired an 80% stake in leading Moroccan exploration and geological services
company Atlantic Research Minerals SARL.

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



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