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Critical Metals Corp Signs Infill Diamond Drilling Program to Significantly Increase the Size of the Resource at Tanbreez
NEW YORK, June 23, 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, June 23, 2025 (GLOBE NEWSWIRE) -- Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp” or the “Company”), a leading critical minerals mining company, today announced it has signed a $2 million diamond drilling contract with renowned drilling contractors in Greenland, 60 Degree North Greenland, for a drilling program to increase the resource size at the Tanbreez Project. Tony Sage, CEO and Executive Chairman of the Company, commented: “This resource diamond drilling contract is more great news after the announcement of an LOI for a $120 million non-dilutive funding package from the US Federal Government Bank (EXIM Bank) for the development of Tanbreez. Our exploration and drilling contractor teams are preparing to commence a new drilling program next month over the existing Fjord Maiden Resource Estimate with detailed infill and extension drilling targeting. This diamond drilling program is expected to significantly increase the resource size and help strengthen the economics of this world-class rare earth asset.” The drilling will target further resources 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 topography, (See Figure 1). The drilling program will also finalize and enhance the current pit design. Critical Metals Corp expects that this drilling program will enhance the numbers for the Company’s upcoming definitive feasibility study, which is expected to be completed by the end of 2025. In addition, the drilling program finalizes the expenditure requirements on the license. Figure 1. Resource diamond drilling program hole collars in relation to historical diamond and RC drilling and December 2024 confirmation drilling over the Fjord MRE Area Figure 2. Diamond drilling November 2024 drill collar K-24 within 200m of proposed 2025 program to North- East of the Fjord Deposit 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 depo...