Australia's Critical Resources gains as co confirms lithium mineralisation at Canada project

Critical Resources

14/07/2022 03:40

** Shares of Critical Resources Ltd  CRR.AX  rise as much as
5.4% to A$0.039, set to mark their best day since July 7, if
gains hold
    ** The lithium exploration firm reports assays confirming
lithium mineralisation at its Mavis Lake lithium project in
Ontario, Canada  urn:newsml:reuters.com:*:nASXbBS3kB
    ** Says drilling results are consistent with earlier visual
results, with spodumene-bearing concentrate intersected in 39 of
42 drill holes to date
    ** Co started a 5000-metre Phase II drill programme,
focusing on defining a JORC-compliant resource with step-out and
in-fill drilling
    ** CRR stock down 2.6% YTD, as of last close 
    


 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))