Critical Resources Limited (ASX:CRR) Lodges Maiden Drilling Applications
Drilling Applications Lodged
Critical Resources Limited (ASX:CRR) has lodged two Assessable Prospecting Operation (APO) applications with the NSW Resources Regulator. This marks the commencement of its maiden drilling campaign targeting high-priority antimony-gold prospects within the Halls Peak Project.
Drilling Program Details
The Mayview Homestead Prospect (EL9428) will involve up to 12 RC drill holes targeting high-grade antimony and gold mineralisation. Assay results from previous samples include 52.3% Sb and 2.71 g/t Au. The Amoco Grid (EL9293) will also see up to 12 RC drill holes, focusing on fault intersections with historic rock chip results up to 17.9 g/t Au within a 1km geochemical anomaly.
Recent Sampling Results
Recent sampling at Mayview Homestead returned exceptionally high-grade results, such as 52.3% Sb (Sample MVS17) and 2.71 g/t Au (Sample MVS11). These findings enhance the geological potential of the area, supported by historical data from the Geological Survey of New South Wales.
Executive Comments
Non-Executive Director Mr Nigel Broomham stated, “This milestone aligns with our strategy to diversify Critical Resources’ project base and unlock value from critical and precious metals. The upcoming drill programs at Halls Peak are a key part of our broader growth plans, and we look forward to updating shareholders on progress as we move into this exciting phase.”
Next Steps
The Company anticipates regulatory approval and land access agreements to be completed, followed by the selection of a preferred drill contractor. Drilling is expected to commence in Q3 2025, subject to final approvals.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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