Critical Metals Corp Targets Significantly Increased Resource Upgrade on 500MT Exploration Target within 4.7BT TREO
Critical Metals Corp (NASDAQ:CRML) has launched a significant 2,000-meter resource diamond drilling program at its Tanbreez Rare Earth Project in Greenland. The program aims to substantially expand the current Mineral Resource Estimate (MRE) of the Fjord Eudialyte Deposit, which currently stands at 22.56Mt (8.76Mt indicated and 13.8Mt inferred).
The first drill hole, K25-01, has reached approximately 60m depth, showing medium-grained eudialyte with 30-40% composition. The resource drilling targets a 700m extension to the east of the existing Fjord Deposit and 650m along strike. The Company expects to complete its Bankable Feasibility Study (BFS) and regulatory reports by Q4 2025, with commercial production anticipated in 2026.
Critical Metals Corp (NASDAQ:CRML) ha avviato un importante programma di perforazione diamantata per risorse di 2.000 metri presso il suo progetto Tanbreez Rare Earth in Groenlandia. L'obiettivo del programma è ampliare significativamente la stima attuale delle risorse minerarie (MRE) del giacimento Fjord Eudialyte, che attualmente ammonta a 22,56 Mt (8,76 Mt indicate e 13,8 Mt inferite).
Il primo foro di sondaggio, K25-01, ha raggiunto una profondità di circa 60 m, mostrando eudialite a grana media con una composizione del 30-40%. La perforazione per risorse mira a un prolungamento di 700 m a est del giacimento Fjord esistente e a 650 m lungo la direzione della faglia. La società prevede di completare lo studio di fattibilità bancabile (BFS) e i rapporti regolatori entro il quarto trimestre 2025, con la produzione commerciale prevista per il 2026.
Critical Metals Corp (NASDAQ:CRML) ha iniciado un importante programa de perforación diamantina de recursos de 2.000 metros en su Proyecto de Tierras Raras Tanbreez en Groenlandia. El programa tiene como objetivo ampliar sustancialmente la estimación actual de recursos minerales (MRE) del Depósito Fjord Eudialyte, que actualmente es de 22,56 Mt (8,76 Mt indicadas y 13,8 Mt inferidas).
El primer pozo de perforación, K25-01, ha alcanzado aproximadamente 60 m de profundidad, mostrando eudialita de grano medio con una composición del 30-40%. La perforación de recursos apunta a una extensión de 700 m hacia el este del depósito Fjord existente y 650 m a lo largo de la dirección geológica. La compañía espera completar su Estudio de Factibilidad Bancable (BFS) e informes regulatorios para el cuarto trimestre de 2025, con producción comercial prevista para 2026.
Critical Metals Corp (NASDAQ:CRML)가 그린란드의 Tanbreez 희토류 프로젝트에서 중요한 2,000미터 자원 다이아몬드 시추 프로그램을 시작했습니다. 이 프로그램은 현재 22.56Mt(8.76Mt 지정 및 13.8Mt 추정)인 Fjord Eudialyte 광상에 대한 광물 자원 추정치(MRE)를 크게 확장하는 것을 목표로 합니다.
첫 번째 시추공 K25-01은 약 60m 깊이에 도달했으며, 30-40% 조성의 중립 입자 유디얼라이트가 확인되었습니다. 자원 시추는 기존 Fjord 광상의 동쪽으로 700m 연장과 650m 주향 방향을 목표로 합니다. 회사는 2025년 4분기까지 은행성 타당성 조사(BFS) 및 규제 보고서를 완료할 예정이며, 2026년에는 상업 생산을 기대하고 있습니다.
Critical Metals Corp (NASDAQ:CRML) a lancé un important programme de forage diamanté de ressources de 2 000 mètres sur son projet Tanbreez de terres rares au Groenland. Ce programme vise à augmenter considérablement l'estimation actuelle des ressources minérales (MRE) du gisement Fjord Eudialyte, qui s'élève actuellement à 22,56 Mt (8,76 Mt indiquées et 13,8 Mt inférées).
Le premier trou de forage, K25-01, a atteint environ 60 m de profondeur, présentant de l'eudialyte à grain moyen avec une composition de 30-40 %. Le forage des ressources cible une extension de 700 m à l'est du gisement Fjord existant et 650 m en direction de la faille. La société prévoit de compléter son étude de faisabilité bancaire (BFS) et les rapports réglementaires d'ici le quatrième trimestre 2025, avec une production commerciale attendue en 2026.
Critical Metals Corp (NASDAQ:CRML) hat ein bedeutendes 2.000-Meter-Ressourcen-Diamantbohrprogramm bei seinem Tanbreez Seltene-Erden-Projekt in Grönland gestartet. Das Programm zielt darauf ab, die aktuelle Mineralressourcenschätzung (MRE) der Fjord Eudialyte-Lagerstätte, die derzeit bei 22,56 Mt (8,76 Mt angezeigt und 13,8 Mt vermutet) liegt, erheblich zu erweitern.
Das erste Bohrloch, K25-01, hat eine Tiefe von etwa 60 m erreicht und zeigt mittelkörnigen Eudialyt mit einem Anteil von 30-40%. Die Ressourcenerkundung zielt auf eine 700 m Erweiterung östlich der bestehenden Fjord-Lagerstätte und 650 m entlang der Streichrichtung ab. Das Unternehmen erwartet, seine bankfähige Machbarkeitsstudie (BFS) und behördlichen Berichte bis Q4 2025 abzuschließen, mit einer geplanten kommerziellen Produktion im Jahr 2026.
- First drill hole K25-01 shows promising 30-40% eudialyte composition
- Significant expansion potential with 700m extension to east and 650m along strike
- On track for Q4 2025 completion of Bankable Feasibility Study
- Commercial production expected to begin in 2026
- Partnership potential with EXIM Bank for financing support
- Current resource estimate is relatively modest at 22.56Mt compared to exploration target
- Project still requires regulatory approvals from Greenland authorities
Insights
Critical Metals' new drilling program targets significant resource expansion at Tanbreez, potentially strengthening feasibility study ahead of 2026 production.
Critical Metals Corp has launched a strategic 2000m resource diamond drilling program at its Tanbreez Rare Earth Project in Greenland, marking a significant advancement toward commercial production targeted for 2026. The program aims to substantially increase the current Mineral Resource Estimate (MRE) for the Fjord Eudialyte Deposit, which currently stands at 22.56Mt (8.76Mt indicated and 13.8Mt inferred).
The first drill hole (K25-01) has already reached approximately 60m depth, revealing promising mineralization with 30%-40% eudialyte composition in the core samples. This is particularly significant as eudialyte is a key source mineral for rare earth elements. The drilling campaign will explore resource extension 700m east of the existing Fjord Deposit and 650m along strike of the kakortokite host rock, with target depths ranging from 80m to 250m.
What's particularly noteworthy is the timing of this program in relation to Critical Metals' development timeline. The company has positioned its exploration and Definitive Feasibility Study (DFS) teams on site, collecting critical data to finalize the Bankable Feasibility Study (BFS) by Q4 2025. This methodical approach suggests the company is maintaining its project timeline while seeking to enhance the resource base that will underpin its economics.
The company's emphasis on meeting Western demand for rare earth materials aligns with growing geopolitical concerns about critical mineral supply chains. With EXIM Bank (Export-Import Bank of the United States) mentioned as a potential financial partner, Critical Metals appears to be positioning Tanbreez as a strategic Western source of rare earth elements, potentially capturing premium pricing and governmental support in an increasingly competitive critical minerals landscape.
Advances Feasibility Study and Seeks to Boost Resource Estimate Ahead of Q4 2025 Milestones
Positions Mine for Commercial Production, which is Expected in 2026, to Address Growing Demand in the West
NEW YORK, July 15, 2025 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp” or the “Company”), a leading critical minerals mining company, is today pleased to announce a 2000m resource diamond drilling program has commenced at the Tanbreez Rare Earth Project in Greenland.
CEO and Executive Chairman Tony Sage commented:
“Launching our fiscal 2025 drilling campaign at Tanbreez is an important investment and step in our efforts to bring this game-changing rare earth asset into production as soon as possible to meet the growing demand in the United States and the West more broadly for rare earth material. To kick off this campaign, we have already installed a new drilling rig, which is expected to enable us to significantly increase the size of our resource estimate. This new drilling program is designed to significantly increase the size of the current Mineral Resource Estimate (MRE) and support the development of the Bankable Feasibility Study (BFS), paving the way for a final decision to mine. As we progress with our fiscal 2025 drilling campaign, we expect to release new drill results from our 2024 campaign to further verify the immense potential of Tanbreez.”
Drilling Campaign Highlights
- The 2000m drilling program is targeting to significantly increase the size of the existing MRE for the Fjord Eudialyte Deposit presently at indicated resource of 8.76Mt and inferred resource of 13.8Mt, totaling 22.56Mt.
- The first drill hole, K25-01 has been collared and down to approximately 60m in outcropping kakortokite host containing rare earth elements within mineralized eudialyte. The first 60m core shows medium grained eudialyte with
30% -40% composition, (see Figures 1, 2 and 3). - The resource drilling will target further resource extension to the east of the existing Fjord Deposit of approximately 700m and 650m along strike of the North-East to South-West strike kakortokite host rock. The target depths for the vertical drill holes will range from 80m to 250m over the undulating topography.
- The program is being spearheaded by Critical Metals Corp’s experienced Greenland drilling contractor, 60 North Greenland, and acclaimed rare earth geologists.
Next Steps
Critical Metals Corp’s full exploration and DFS study teams are now on site, conducting detailed fieldwork. The data collected will play a key role in finalizing the BFS and preparing the comprehensive reports required by the Greenland regulators, as well as the Company’s proposed financial partners, including EXIM, the Export-Important Bank of the United States. The Company remains on track to deliver these final reports by Q4 2025.
Figure 1. Diamond Drill Hole K25-01 with Project Geologist Nic Barnes and Chief Technical Officer George Karageorge 10 July above the Fjord Deposit.
Figure 2. Drill core K25-01 in kakortokite host from surface to current depth of 61m, composing continuous medium grained red - mauve eudialyte mineralization
Figure 3. Company Geologists Dr Hans Christian, George Karageorge, Nick Barnes DFS Study Team Representative Kris Barnes inspecting drill core on drill pad K25-01.
Figure 4. Resource diamond drilling program hole collars in relation to historical diamond and RC drilling and December 2024 confirmation drilling over the Fjord MRE Area
About Critical Metals Corp.
Critical Metals Corp (Nasdaq: CRML) is a leading mining development company focused on critical metals and minerals, and producing strategic products essential to electrification and next generation technologies for Europe and its western world partners. Its flagship Project, Tanbreez, is one of the world's largest rare earth deposits and is located in Southern Greenland. The deposit is expected to have access to key transportation outlets as the area features year-round direct shipping access via deep water fjords that lead directly to the North Atlantic Ocean.
Another key asset is the Wolfsberg Lithium Project located in Carinthia, 270 km south of Vienna, Austria. The Wolfsberg Lithium Project is the first fully permitted mine in Europe and is strategically located with access to established road and rail infrastructure and is expected to be the next major producer of key lithium products to support the European market. Wolfsberg is well positioned with offtake and downstream partners to become a unique and valuable asset in an expanding geostrategic critical metals portfolio.
With this strategic asset portfolio, Critical Metals Corp is positioned to become a reliable and sustainable supplier of critical minerals essential for defense applications, the clean energy transition, and next-generation technologies in the western world.
For more information, please visit https://www.criticalmetalscorp.com/.
Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements include statements regarding the size and scope of the 2025 drilling program and projections regarding future mineral resource estimates, as well as statements regarding expectations of our business and the plans and objectives of management for future operations. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this news release, forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target,” “designed to” or other similar expressions that predict or indicate future events or trends or that are not statements of historical facts. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.
Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements for many reasons, including the factors discussed under the “Risk Factors” section in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission. These forward-looking statements are based on information available as of the date of this news release, and expectations, forecasts and assumptions as of that date, involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
Critical Metals Corp.
Investor Relations: ir@criticalmetalscorp.com
Media: pr@criticalmetalscorp.com
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FAQ
What is the current Mineral Resource Estimate (MRE) for Critical Metals' Tanbreez Project?
When does Critical Metals (CRML) expect to begin commercial production at Tanbreez?
What are the key details of CRML's new drilling program at Tanbreez?
What initial results has Critical Metals reported from its 2025 drilling campaign?
When will Critical Metals complete its Bankable Feasibility Study for Tanbreez?
