Business
Operational update
Operational update.
About this update from Critical Mineral Resources Plc
[{"type":"text","content":"\n\n1 August 2024\nCritical Mineral Resources PLC\n('CMR' or the 'Company')\nOperational update\nCritical Mineral Resources plc ('CMR' or the 'Company'), the exploration and development company focused on critical metals and minerals in Morocco is pleased to provide an operational update on the Igli Project.\n \nHighlights\n \n· Following the Company's initial reconnaissance visits in January and July, systematic exploration work has this week begun at Igli.\n· The CMR team is on site and will set-up camp in the local Igli village, approximately 3km from the project and easily accessible by road.\n· The Phase 1 work programme includes the following:\no Detailed geological mapping, both rock and structural, to 50m spacing\no Locate silver, copper and other economic mineral showings across the property\no Rock chip, channel and stream sediment sampling\no High resolution satellite imagery\n· The Phase 1 work programme is an important stage to ensure subsequent work is well informed and focused. The team's presence should also lead to the discovery of other nearby base and precious metals opportunities and allow the Company to start building relations with the local community.\n \nCharlie Long, Chief Executive Officer of CMR PLC, commented:\n\"It's pleasing to report that work has started at Igli. Samples collected during our visits in January and July returned very high grade silver and good copper assays, which along with Igli's location near two important mines, gives us reason to be excited. The recent funding will allow us to systematically explore the property, building-up a high quality, valuable, database which will more importantly generate drilling targets.\n \nWe continue to see new and negotiate on other significant opportunities, including those which can be brought into production relatively quickly. The recent fundraise will enable these activities while we progress Igli. We look forward to updating shareholders as Phase 1 progresses over the coming weeks and months.\"\n \nIgli Project potential\nIn addition to the exciting high silver grades discovered from recent sampling, the Company's geological team is encouraged by previously recorded copper showings in different parts of the Igli proper...