Critical Resources Uncovers Exceptional Antimony Grades, Expands Strategic Holdings

High-Grade Antimony and Gold Confirmed at Mayview

Critical Resources Limited (ASX:CRR) has unveiled compelling assay results from its December 2024 quarter activities, highlighting exceptional grades of antimony and gold at the Mayview Homestead Prospect within its Halls Peak Project in New South Wales. Rock chip samples returned antimony concentrations as high as 52.3% Sb and gold values up to 2.71 g/t, underscoring the prospect's potential to host a Hillgrove-style orogenic antimony-gold system.

Strategically located just 2.7 kilometres east of Larvotto Resources Ltd's Hillgrove Antimony-Gold Project, Australia's largest known deposit, Mayview's geological setting mirrors that of its prolific neighbour. Historical data and recent fieldwork have revealed multi-phase quartz and antimony veins with visible oxidized stibnite and antimony trioxide, reinforcing the prospectivity of this emerging system.

Expanding Footprint with Amoco Acquisition

Further consolidating its position in the Hillgrove region, Critical Resources has agreed to acquire a 100% interest in the Amoco Antimony-Gold Project (EL9293). This tenement lies contiguous to the company's existing Hillgrove South and Halls Peak Projects and is situated 17 kilometres southeast of Larvotto's operations. Historic rock chip and soil samples from Amoco have shown elevated gold grades up to 17.9 g/t and antimony concentrations reaching 0.53%, indicating significant exploration upside.

This acquisition not only expands Critical Resources’ landholding to approximately 981 square kilometres but also enhances its potential to delineate a substantial antimony-gold system analogous to Hillgrove.

Silver Potential and Historical Data Insights

A desktop study integrating historical exploration data within the broader Halls Peak Project has uncovered exceptionally high-grade silver intercepts from previous drilling campaigns. Notably, drill hole DDHA6 recorded 3,780 grams per tonne silver over 1.15 metres downhole, with over 130 samples exceeding 100 g/t silver and 10 samples surpassing 940 g/t. These findings suggest the presence of a significant silver mineralisation system, potentially hosted in black shales, which warrants further investigation.

Lithium Exploration Advances at Mavis Lake

In Ontario, Canada, the Mavis Lake Lithium Project continues to deliver encouraging results. Recent drilling has intersected high-grade spodumene-bearing pegmatites beyond current resource boundaries, including a standout intercept of 34.9 metres grading 1.02% Li2O. Additional drill holes have confirmed the extension of mineralised pegmatites, with some intervals showing lithium grades up to 2.50% Li2O.

The project has also secured funding through the Ontario Junior Exploration Program, supporting ongoing exploration and development activities. These results validate the geological model and highlight the project's potential for resource growth.

Financial Position and Corporate Developments

Critical Resources reported a cash balance of AUD 2.8 million at the end of December 2024, following a capital raising that secured AUD 2.8 million in November 2024. The funds are earmarked for advancing exploration at Halls Peak, including the Mayview and Amoco projects, as well as drilling at Mavis Lake. The company maintains a disciplined approach to expenditure, with exploration investment focused on high-potential targets.

Notably, the Managing Director position remains vacant, with the board assuming day-to-day management responsibilities as the company searches for a suitable candidate. All resolutions at the recent General Meeting were passed, reflecting shareholder support for the company's strategic direction.

Outlook

Critical Resources is well-positioned to leverage its expanding portfolio of critical mineral assets, with multiple high-grade targets identified across antimony, gold, silver, and lithium. The integration of the Amoco project and ongoing drilling campaigns at Mavis Lake are expected to provide further clarity on resource potential in the coming months.