Critical Mineral Resources yields encouraging drill outcomes at Moroccan project
Critical Mineral Resources PLC has uncovered further near-surface copper and silver drill results at its Agadir Melloul project in Morocco, as well as updating on progress on an internal block model ahead of a maiden resource estimate targeted for the third quarter of 2026.
Headline intersections include 9.7 metres at 0.74% copper and 4.46 grams per tonne silver from 25.2 metres depth in hole BH157, which contains a higher-grade interval of 3.6 metres at 0.98% copper and 6.22g/t silver.
Other notable results include 3.0 metres at 1.12% copper and 5.75g/t silver, and 1.9 metres at 1.20% copper and 4.33g/t silver, with a gold intersection of 1.0 metres at 4.52g/t also recorded.
The company says mineralisation at the project is laterally extensive, near-surface, and gently dipping, characteristics it believes support favourable development economics.
Of 172 holes geochemically analysed from a total of 176 drilled to date, 57 returned copper grades above 0.20%, with 40 holes exceeding the 0.30% cut-off grade that management associates with the most economically enriched zones.
The internal block model has been prepared by the company’s senior geologist, described as one of Morocco’s leading resource modelling experts, and management says drill spacing of predominantly 50 by 100 metres and 100 by 100 metres is likely to convert to measured and indicated categories under the JORC resource classification system.
Chief executive Charlie Long said thick near-surface mineralisation zones of up to 10 metres, similar to those seen at the nearby Tizert copper deposit, could add tonnage quickly.
The company’s development timeline targets a definitive feasibility study by December 2026.
