Critical Resources Plans Drilling at Cap Burn and Amoco Projects in Late 2025

Critical Resources’ Multi-Commodity Strategy

Critical Resources Limited (ASX – CRR) has provided a comprehensive update on its portfolio of critical metals projects, spanning gold, antimony, and lithium across three Tier-1 jurisdictions – New Zealand, Canada, and Australia. The company is positioning itself to capitalise on growing demand for critical minerals, particularly antimony and lithium, which are essential for renewable energy technologies and battery manufacturing.

With a market capitalisation of approximately $14 million and a cash position of $1.82 million as of June 2025, Critical Resources is advancing multiple projects with a disciplined capital approach. Notably, its management and directors collectively hold around 10.4% of the company, aligning shareholder interests with operational progress.

New Zealand – Unlocking Gold and Antimony Potential in Otago

The company’s flagship focus is on its extensive gold-antimony portfolio in New Zealand’s Otago region, a historically underexplored area with significant upside potential. The portfolio includes several projects such as Cap Burn, Silver Peaks, Lammerlaw, Tokomairiro, and Croesus, covering over 1,400 square kilometres of prospective ground.

Cap Burn stands out as a drill-ready project located just 11 kilometres from OceanaGold’s Macraes Mine, which boasts a +10 million ounce gold endowment. Leveraging a new structural model inspired by Santana Minerals’ Rise & Shine discovery, Critical Resources plans to commence an initial reverse circulation (RC) drilling program in October-November 2025 following permit transfers expected in September. The project’s arsenic-in-soil anomalies and geological analogies to proven deposits underscore its discovery potential.

Other projects like Silver Peaks and Lammerlaw offer district-scale exploration opportunities with historic gold-antimony lodes and mesothermal structures, while Tokomairiro and Croesus present high-grade targets supported by recent rock chip sampling and historical mining activity. The company benefits from New Zealand’s Tier-1 jurisdiction status, ranked 12th globally in the Fraser Institute Investment Attractiveness Index, and a regulatory environment that expedites permitting through the Fast-Track Bill.

Australian Projects – Advancing Antimony-Gold Targets

In Australia, Critical Resources is progressing its Halls Peak, Mayview, and Amoco projects in New South Wales. These projects target orogenic gold-antimony systems with encouraging high-grade surface samples, including antimony assays exceeding 50%. The company is preparing maiden drill programs, with Amoco’s RC drilling anticipated in September 2025 and ongoing land access negotiations at Mayview.

These projects are strategically located near established mining operations and infrastructure, such as Larvotto Resources and Hillgrove, providing a supportive environment for exploration and potential development.

Mavis Lake Lithium – A Strategic North American Asset

Complementing its gold-antimony focus, Critical Resources holds the Mavis Lake lithium project in Ontario, Canada. The project hosts an inferred resource of 8 million tonnes at 1.07% lithium oxide, with metallurgical test work demonstrating recoveries up to 87%. Positioned near major transport corridors and power utilities, Mavis Lake is well placed to serve the burgeoning North American battery and electric vehicle markets.

While active drilling is paused pending market improvements, the company continues low-cost value-adding studies and environmental assessments, preparing for future advancement as demand for lithium intensifies.

Outlook and Market Context

Critical Resources is navigating a market environment marked by supply constraints in critical minerals, particularly antimony, where global production is heavily concentrated in China and Russia. The company’s diversified portfolio across gold, antimony, and lithium, combined with its low-cost, large-scale landholdings in stable jurisdictions, offers multiple avenues for value creation.

With a clear timetable for drilling and exploration activities through late 2025, investors can anticipate a steady flow of news catalysts. The company’s strategic alignment with critical minerals demand trends and its shareholder-focused governance further underpin its growth narrative.