Critical Metals Corp Releases Further Excellent Deep High-Grade Drilling Results on Tanbreez (TREO 0.48% & HREO 27%)

Core Insights - Critical Metals Corp. has released assay results from historical deep diamond drill holes at the Tanbreez Project in Greenland, indicating high-grade total rare earth oxides (TREOs) and heavy rare earth oxides (HREOs), positioning the project as a world-class rare earth deposit [1][21][23] - The company aims to increase its current mineral resource estimate (MRE) of approximately 45 million tonnes (MT) through future drilling programs, with a robust economic outlook showing a net present value (NPV) of approximately US$2.4 to US$3.0 billion and an internal rate of return (IRR) of 162% before tax [1][21] - The Tanbreez Project is jointly owned, with Critical Metals Corp. holding a 42% interest and the potential to increase this to 92.5% by the fourth quarter of 2025 [1] Drilling and Resource Development - The company has applied for a Program of Works for 2025 resource drilling to upgrade the inferred resource to indicated resource category, with mobilization expected in the second quarter of 2025 [2] - The first stage of the infill drilling program will target the Fjord Deposit, which has a 23 MT MRE footprint, with an average target depth of 40-50 meters [3] - Confirmation of the 2025 drilling will follow the review of results from the 2024 program, with additional drilling targeting the Hill Zone Deposit, which contains a 22.6 MT MRE area [4][5] Assay Results and Mineralization - Recent assay results from drill holes DDH-009-13, DDH-001-13, DDH-012-13, DDH-003-13, DDH-015B-13, and DDH-015A-13 show high-grade rare earth mineralization, with TREO averages ranging from 0.39% to 0.48% [8][10][12][23] - The mineralization is consistently high across the drill holes, with significant intersections of HREO, tantalum, niobium, zirconium, hafnium, and gallium [10][24][26] - The company is re-assaying historical samples to confirm and reconcile assay results, with further results expected soon [6][20][28] Strategic Positioning - Critical Metals Corp. is positioned as a leading mining development company focused on critical metals and minerals essential for electrification and next-generation technologies [42] - The Tanbreez Project is one of the largest rare earth deposits globally, with strategic access to transportation via deep water fjords [44] - The company also holds the Wolfsberg Lithium Project, which is expected to be a major producer of lithium products for the European market [45]