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Critical Metals Corp Releases Further Excellent Deep High-Grade Drilling Results on Tanbreez (TREO 0.48% & HREO 27%)
NEW YORK, May 19, 2025 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp” or the “Company”), a leading critical minerals mining
About this update from Critical Metals Corp.
[{"type":"text","content":"NEW YORK, May 19, 2025 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp” or the “Company”), a leading critical minerals mining company, is pleased to publish for the first time the assay results of historical deep diamond drill holes DDH 009-13, DDH 001-13, DDH 012-13 DDH 003-13, DDH 015B-13 and DDH 015-13 drilled in 2013 from the Tanbreez Project in Greenland. Commenting on the assay results, Tony Sage, CEO and Executive Chairman of the Company, said: “These deep diamond drill hole results reveal exceptional assay outcomes and consistently showcase high-grade TREOs and HREOs, positioning Tanbreez as a world-class, unique and valuable rare earth deposit.” “We believe these excellent high-grade drilling results present the Company with a compelling opportunity to increase our current 45MT Maiden Resource with future drilling programs. After recently announcing the MRE (mineral resource estimate) of ~45MT of REE’S @ 0.38% and the robust economic results from the Tanbreez Scoping Study showing the NPV of US$2.4 ~US$3.0 billion on a 10% and 8% discount and an IRR of 162% before tax, we are assembling a highly experienced team to advance the development plans for this game-changing asset.” The Tanbreez Project is operated by Tanbreez Mining Greenland A/S and is currently jointly owned by Critical Metals Corp., which currently holds a 42% interest with the right to increase that to 92.5% interest, European Lithium (7.5% interest) and Rimbal Pty Ltd (50.5% interest). The Company expects to increase its interest to 92.5% in the 4th quarter of 2025. Future Resource Extension - Infill Drilling The Company has applied to the Greenland MSLA (Mineral License and Safety Authority) for a Program of Works for the 2025 resource drilling programs aimed at upgrading the Inferred Resource to Indicated Resource category. The applications have been lodged with the Greenland authorities and are well advanced. Critical Metals Corp is expecting to mobilize its drilling and exploration teams for the 2nd quarter of 2025. The first stage of the infill resource drilling program will target the Fjord Deposit containing the 23 MT MRE footprint by extending drilling further to the north of the 16-diamond hole program from 2024. The average target depth will be 40-50m drilling through the mineralised kakortokite bearing REE and me...