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Critical Metals Corp Releases Further Excellent Deep High-Grade Drilling Results on Tanbreez (TREO 0.48% & HREO 27%)
GlobeNewswire News Room· 2025-05-19 12:00
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]
Critical Metals Corp. Publishes New Presentation on Investor Website
Globenewswire· 2025-04-23 12:00
Core Insights - Critical Metals Corp is a leading mining development company focused on critical metals and minerals essential for electrification and next-generation technologies in Europe and its western partners [1][3] - The company's flagship project, Tanbreez, is one of the largest rare earth deposits globally, located in Southern Greenland, with year-round shipping access via deep water fjords [1][3] - The Wolfsberg Lithium Project in Austria is the first fully permitted mine in Europe, strategically positioned to become a major producer of lithium products for the European market [2][3] Company Overview - Critical Metals Corp is dedicated to becoming a reliable and sustainable supplier of critical minerals for defense applications, clean energy transition, and next-generation technologies [3] - The company has established partnerships for offtake and downstream operations, enhancing its strategic asset portfolio [2][3]
Critical Metals Corp.'s Releases First S-K 1300 Report on the Tanbreez 4.7 Billion Metric Ton Kakortokite Host Rock
Newsfilter· 2025-03-12 12:30
Core Insights - Critical Metals Corp has released its first S-K 1300 technical report summary on the Tanbreez Project, which is one of the largest rare earth deposits globally, containing 4.7 billion metric tons of a kakortokite hard rock unit [1][2] - The initial Mineral Resource Estimate (MRE) indicates that Tanbreez contains over 45 million metric tons of total rare earth and rare metal material, which is expected to enhance discussions with strategic partners and government agencies for establishing secure supply chains [2][3] - The company plans to advance its development strategy with further verification work, including resource drilling and an Independent Preliminary Economic Assessment (PEA), aiming to complete a definitive feasibility study by the end of 2025 [2][4] Company Overview - Critical Metals Corp is a leading mining development company focused on critical metals and minerals essential for electrification and next-generation technologies, particularly for Europe and its western partners [4][6] - The flagship Tanbreez Project is located in Southern Greenland and is expected to have year-round direct shipping access via deep water fjords to the North Atlantic Ocean [4] - Another significant asset is the Wolfsberg Lithium Project in Austria, which is the first fully permitted mine in Europe and is strategically positioned to become a major producer of lithium products for the European market [5][6] Future Plans - The company has commissioned a PEA based on the extensive data available from over 400 drill holes and 350,000 samples, with results expected to be finalized in the next quarter [3][4] - The company intends to finalize drilling results from a campaign completed in late 2024 and to establish a 2025 exploration program [4]
Critical Metals Corp.'s Releases First S-K 1300 Report on the Tanbreez 4.7 Billion Metric Ton Kakortokite Host Rock
GlobeNewswire News Room· 2025-03-12 12:30
Core Insights - Critical Metals Corp has released its first S-K 1300 technical report summary on the Tanbreez Project, which is one of the largest rare earth deposits globally, containing 4.7 billion metric tons of a kakortokite hard rock unit [1][2] - The initial Mineral Resource Estimate (MRE) indicates that Tanbreez contains over 45 million metric tons of total rare earth and rare metal material, which is expected to enhance discussions with strategic partners and government agencies for establishing secure supply chains [2][3] - The company plans to advance its development strategy with further verification work, including resource drilling and an Independent Preliminary Economic Assessment (PEA), aiming to complete a definitive feasibility study by the end of 2025 [2][3] Company Overview - Critical Metals Corp is a leading mining development company focused on critical metals and minerals essential for electrification and next-generation technologies, particularly for Europe and its western partners [3][5] - The flagship Tanbreez Project is located in Southern Greenland and is expected to have year-round direct shipping access via deep water fjords to the North Atlantic Ocean, enhancing its logistical advantages [3] - Another significant asset is the Wolfsberg Lithium Project in Austria, which is the first fully permitted mine in Europe and is strategically positioned to become a major producer of lithium products for the European market [4][5] Future Plans - The company has commissioned a PEA expected to be finalized and published in the next quarter, alongside the completion of drilling results from a campaign conducted in late 2024 [3] - The 2025 exploration program is also in the pipeline, indicating a proactive approach to resource development and assessment [3]