Critical Resources is advancing and developing critical metals projects for a decarbonised future. The Company holds a suite of lithium prospects across Ontario, Canada, including Mavis Lake, Graphic Lake, Plaid and Whiteloon Lake. The Company’s other projects include the Halls Peak Project in NSW, Australia, a high-quality base metals project with significant scale potential and the Block 4 and Block 5 copper project, located in Oman.
The Company’s primary objective is the rapid development of its flagship Mavis Lake Lithium Project. Mavis Lake has a JORC 2012 compliant Mineral Resource Estimate of 8 million tonnes at 1.07% Li2O and has near-term development potential. Critical Resources has completed over 30,000m of drilling at Mavis lake and continues exploration and drilling to increase the resource base. The Company has also commenced technical studies and environmental monitoring programs that will underpin the transition from explorer to developer.
Growth and Development focused Strategy
The Right Place
Exceptional Location and Growth Market
Proximity to Dryden provides significant operational and financial advantages with support facilities and infrastructure.
Northwest Ontario is an emerging lithium raw materials hub with considerable lithium exploration activity underway.
Canada and the United States are witnessing unprecedented investment by battery and automotive manufacturers, with full support of their respective Governments.
The Right Project
Excellent Technical Results and Enablers
Exploration success reinforced with highly favourable metallurgical test work results.
Logistics support immediately available, provides for highly cost-efficient exploration programs.
Positive and supportive First Nations.
Baseline environmental assessment completed with monitoring programs ongoing to inform a future Environmental Impact Assessment and operational permitting.
The Right Pathway
Clear Pathway to Production and to Market
Leveraging lessons/experience in delivering hard-rock lithium projects to ensure the project is advances quickly and diligently.
Project development timeline supports the North American and European electric vehicle supply-chain build-out.
Existing infrastructure provides an immediate path to a global market via road, rail and deep water port.