How Critical Resources’ Land Grab Could Transform Mavis Lake Lithium Project

Strategic Land Consolidation

Critical Resources Limited (ASX, CRR) has taken a decisive step to consolidate its Mavis Lake Lithium Project in Northwestern Ontario, Canada, by acquiring several adjacent lithium-rich claims from Bounty Gold Corporation and Last Resort Resources Limited. This acquisition expands the project area by approximately 6,300 hectares, creating a dominant landholding along a highly prospective regional trend. The move not only strengthens Critical Resources’ strategic position but also unlocks a district-scale growth opportunity with an expanded pipeline of drill-ready targets.

Robust Exploration Results Signal Growth

Since acquiring Mavis Lake in 2022, Critical Resources has completed over 58,000 metres of drilling, culminating in a maiden JORC Inferred Mineral Resource Estimate of 8 million tonnes at 1.07% lithium oxide (Li2O). More recent drilling has delivered exceptional intersections outside the existing resource envelope, including intervals such as 74.4 metres at 1.18% Li2O and 50.2 metres at 1.28% Li2O, highlighting the potential for significant resource expansion. These results reinforce the project's scale and grade, positioning Mavis Lake as one of Ontario’s most advanced lithium development opportunities.

Multi-Commodity Upside and Infrastructure Advantage

Beyond lithium, the newly acquired claims host historical prospects for gold, silver, and base metals, including the Bluett Lake, Centrefire Creek, and Red Hat prospects. These lie within a largely underexplored 14-kilometre polymetallic trend, offering additional upside potential. The project’s location benefits from proximity to world-class transport and power infrastructure, a critical advantage for future development and integration into North America’s lithium supply chain.

Funding and Forward Plans

To support ongoing exploration, Critical Resources has applied for up to CAD$200,000 under the Ontario Junior Exploration Program. This funding would underpin further drilling and geochemical surveys aimed at unlocking new spodumene-bearing pegmatite discoveries. The company is also advancing metallurgical and environmental baseline studies, alongside permitting and community engagement initiatives, ensuring alignment with regulatory and ESG standards.

Outlook

With a strengthened land position, encouraging drilling results, and a multi-commodity exploration pipeline, Critical Resources is well-positioned to capitalize on the growing demand for lithium and associated metals. The Mavis Lake Project’s scale, grade, and infrastructure access set the stage for it to become a key contributor to North America’s emerging lithium supply chain.