Core Insights - Critical Metals Corp has appointed NIRAS A/S to conduct a Definitive Feasibility Study (DFS) for the Tanbreez Rare Earth Project, which aims for a mining and processing operation of 500,000 metric tons per annum in southern Greenland [1][3] - The company currently holds a controlling interest in the Tanbreez Project and has the option to increase its ownership to 92.5% with an investment of up to $10 million, expected to be completed in 2025 [2] - The DFS will cover all technical, environmental, and commercial aspects of the project, and is expected to be completed in the fourth quarter of 2025 [4][8] Project Details - The DFS will be a key component for updating the Exploitation License documentation, which will be submitted to the Mineral License and Safety Authority (MLSA) of Greenland [4] - The study will include final mine design, production scheduling, capital and operating cost estimates, and environmental and social impact assessments [8] - NIRAS will also facilitate stakeholder engagement with local authorities and the MLSA, leveraging their experience in permitting processes [5] Company Overview - Critical Metals Corp focuses on critical metals and minerals essential for electrification and next-generation technologies, with the Tanbreez Project being one of the largest rare earth deposits globally [9] - The company also has the Wolfsberg Lithium Project in Austria, which is the first fully permitted lithium mine in Europe, strategically positioned for key infrastructure access [10] - With its strategic asset portfolio, the company aims to become a reliable supplier of critical minerals for defense applications and the clean energy transition [11]

Core Viewpoint - Critical Metals Corp has announced exceptional assay results from the Tanbreez Project in Greenland, indicating a significant opportunity to increase the current Maiden Resource Estimate (MRE) of rare earth materials from 225 million tonnes (MT) to an exploration target of 500MT [1][19][30]. Group 1: Assay Results and Resource Estimates - The weighted average grade from the newly released diamond drill hole results is 0.43% Total Rare Earth Oxides (TREO) with 28% Heavy Rare Earth Oxides (HREO) and 1.44% Zirconium Oxide (ZrO2) [9][13]. - The MRE for the Tanbreez Project is approximately 45MT of eudialyte containing 0.38% TREO, including 27% HREO, along with 180MT of industrial mineral by-products [1][30]. - The deep diamond drill holes have confirmed mineralization grades ranging from 0.33% to 0.51% TREO, with the potential for further resource upgrades [13][19][23]. Group 2: Drilling Plans and Operations - The company has applied for a Program of Works for the 2025 resource drilling program to upgrade the Inferred Resource to Indicated Resource category and extend the size of the Tanbreez Fjord and Hill Zone Deposits [2]. - The first stage of the drilling program will target the Fjord Deposit, while the second stage will focus on the Hill Zone Deposit, with planned depths of 60m to 150m [4][6][5]. - The company is currently re-assaying historical samples to confirm and reconcile assay results, with updates expected soon [3][7]. Group 3: Strategic Positioning and Future Outlook - The Tanbreez Project is strategically positioned to advance development plans, with ongoing exploration and fieldwork to deepen understanding of the asset's potential [1][19]. - The company holds a 42% interest in the Tanbreez Project, with the right to increase this to 92.5%, indicating strong control over the resource [1]. - The project is expected to play a crucial role in supplying critical minerals essential for electrification and next-generation technologies in Europe and its partners [38][39].

Core Insights - Critical Metals Corp has released assay results from eleven deep diamond drill holes at the Tanbreez Project in Greenland, indicating significant potential for increasing the current Maiden Resource Estimate (MRE) from 225 million tonnes (MT) to an exploration target of 500MT of rare earth materials [1][17][18] - The weighted average grade of the newly reported drill results is 0.43% Total Rare Earth Oxides (TREO) with 28% Heavy Rare Earth Oxides (HREO) and 1.44% Zirconium Oxide (ZrO2) [9][11] - The company is preparing for a 2025 resource drilling program aimed at upgrading the Inferred Resource to Indicated Resource category and extending the size of the Tanbreez Fjord and Hill Zone Deposits [2][4] Company Developments - The company currently holds a 42% interest in the Tanbreez Project, with the option to increase this to 92.5% [1] - The recent MRE announced includes approximately 45MT of eudialyte with a grade of 0.38% TREO and 180MT for industrial mineral by-products [1][27] - The company is re-assaying historical samples to confirm and reconcile assay results, with updates expected soon [3][7] Drilling Program Details - The first stage of the drilling program will target the Fjord Deposit, focusing on extending drilling further north and east [4][5] - The second stage will target the Hill Zone Deposit, with infill drilling planned to upgrade resources from Inferred to Indicated [6] - The average target depth for the drilling is set between 60m and 80m, with some holes extending to 150m [5][6] Economic Potential - The economic analysis shows a Net Present Value (NPV) of approximately US$2.4 billion to US$3.0 billion at discount rates of 10% and 8%, respectively, with an Internal Rate of Return (IRR) of 180% before tax [1][27] - The Tanbreez Project is positioned as one of the world's largest rare earth deposits, with significant infrastructure advantages for transportation [36] Resource Estimates - The MRE for the Tanbreez Project includes 22.56MT of eudialyte at an average grade of 0.43% TREO, with additional resources of feldspar and arfvedsonite [27][31] - The total estimated mass of the kakortokite host unit is approximately 4.7 billion tonnes, indicating substantial exploration potential [18][36]